This week's top stories on ShippingWatch

The past week was characterized by interim reports from Maersk and DFDS, and the latter also received some good news in the ongoing Battle on the Channel, while American Supreme could be about to radically transform the supply market. Read about this and other big stories here.

BY KATRINE GRØNVALD RAUN

Maersk Line is the driving force

The Maersk Group presented its 1st quarter interim report this week, which showed improvements virtually across the board:

Nils Smedegaard: Most things point in the right direction

Maersk Line expects improved 2014 result

P3 alliance launch postponed to the fall

Following publication of the interim report on Wednesday, Maersk Oil announced a massive North Sea investment on the British continental shelf:

Maersk Oil in USD 5 billion North Sea investment

Maersk and BP will soon unveil new super-rig

EMS Seven Seas headed for a sale:

Norwegian supply company EMS Seven Seas announced in relation to its interim report that American logistics group Supreme is looking to acquire the company:

Supreme Group to acquire EMS Seven Seas

Supreme looking at EMS Seven Seas' crown jewel

DFDS result and Channel decision

DFDS presented its 1st quarter interim report on Friday, in the same week in which the UK Competition and Markets Authority announced a provisional decision in the Battle on the Channel:

DFDS in USD 20.11 million 1Q deficit before taxes

Competition Authority confirms MyFerryLink ban

Eurotunnel: We want to see the final decision

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Halvor Sveen is chief executive of Oslo-based shipping bank Maritime & Merchant. | Foto: Marine Money/Oscar May

Suppliers

Maritime & Merchant notes fierce competition in loans for shipping

Maritime & Merchant Bank took a close look at peer Danish Ship Finance, which was recently sold.

Erling Braut Haaland buys up in Norwegian shipping bank

Norwegian shipping bank expands portfolio despite container downturn

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Logistics

Packed container ships trigger surge in air freight demand

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The penal code provision on trespassing is used when someone enters private property without permission. | Foto: Jens Dresling/Ritzau Scanpix

Container

14 arrested at demonstration in front of Maersk headquarters

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Chief executibe of Wallenius Wilhlemsen Lasse Kristoffersen, and chief executive of Höegh Autoliners Andreas Enger. | Foto: Wallenius Wilhelmsen and Javad Parsa

Carriers

Norwegian car carriers bag multi-year contracts

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Foto: Hannibal Hanschke/Reuters/Ritzau Scanpix

Regulation

IMO's fossil fuel ban in the Arctic faces criticism

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Container

Record influx of container ships this year will not cause trouble until 2025

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Cosco and CMA CGM expect further pressure on major European ports

French CMA CGM is expanding capacity on the Asia-Europe route to ease peak season congestion over the summer.

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”We are very happy with how our new organization is working and we are hearing the same from our customers,” writes Kuehne+Nagel about the reorganization implemented at the company in early spring. | Photo: Daniel Reinhardt/AP/Ritzau Scanpix

Kuehne+Nagel triggers unrest among staff with new management structure

The logistics major may have lost talent and created confusion, according to current and former managers. The company does not share the concerns.

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Dry cargo carriers discussed the green transition at Marine Money Week. | Photo: Foto: Marine Money Week

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Bulk majors Golden Ocean, Genco and Navios do not see a consensus on green fuels for bulk shipping in the short term.

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Less than one percent of the container fleet is currently idle

New data shows that only 77 container ships in the entire global fleet are not working, a number not seen since the pandemic.

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Foto: Bernd Von Jutrczenka/AP/Ritzau Scanpix

Congestion in Asian ports is now as bad as during Covid

The Port of Singapore has not seen such pressure from high container volumes since the pandemic as nervous shippers move forward the peak season.

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Analysis: Capesizes have become too expensive despite strong market

Since late 2023, the purchase and sale of second-hand capesizes has increased significantly. The price of newbuilds is also at its highest in 15 years.

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