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This week's top stories on ShippingWatch

This week's stories spanned from APM Terminals decision to sell Virginia to 2M's approval prospects and logistics companies' growth.

This far and no further...

APM Terminals divests Virginia:

APM Terminals divests Virginia

APM Terminals: We believe in the US

 

2M has yet to be approved

At least the US Federal Maritime Commission has yet to receive an application:

The US awaits reporting from Maersk and MSC

Giant shipper is pleased with 2M

Electrolux: 2M is also good for us 

 

Logistics giants are growing their seafreight volumes

Major logistics groups are seeing significant growth:

Panalpina grows on seafraight  

DB Schenker sees significant growth in seafreight

 

German shipowners and banks in trouble

German shipowners have many idled ships, the banks are under pressure from coming health checks:

German shipowners lose ground in charter market

IMF: Will German banks survive health check?

 

Further reading...

 - about the future of Lauritzen Bulkers:

Smooth strategy change at Lauritzen Bulkers

- about what DNV has lost after the merger with GL:

DNV GL losing tonnage following merger

- and about Danske Bank's interim report and reduced shipping loans:

Danske Bank continues to cut shipping loans 

More from ShippingWatch

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

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