25/07/2014at 14:11

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.

BY LOUISE VOGDRUP-SCHMIDT

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?

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Carriers

Weco Shipping lands yet another record profit: "It has been a great year"

The group, which is owned by the Danish baron Johan Wedell-Wedellsborg, has managed to double its bottom line in 2022.

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Joe Nielsen, partner at A.P. Møller Capital. | Foto: A.p. Møller Capital

Logistics

APM Capital acquires South African logistics company

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Logistics

Maersk chair on investor criticism: "I get the feeling that ATP also will ask about it next year"

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Foto: Marvin Ibo G'ng'r/AP/Ritzau Scanpix

Logistics

Media: Divestment of DB Schenker unlikely to finish before 2024

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Archival image. Does not show the ships in question. | Foto: Euronav

Tanker

Euronav vessel accused of loading Iranian oil

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Tanker

Major stakeholder sells off Torm shares after share rally

Major shareholder got his new Maersk board in place despite criticism

Former CEO of Adidas Kasper Rørsted was elected for Maersk’s board despite criticism of an ”error” on his resumé. Chair Robert Mærsk Uggla is certain of the decision.

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A new political intervention against low pay on ferries on the English Channel could inspire other countries to instate their own demands to carriers, says Danish Shipping. | Foto: John Sibley/Reuters/Ritzau Scanpix

Regulation

Shipowners fear wide-ranging consequences of law against low wages

Danish Shipping and ECSA both worry about the tendency of local demands to carriers. DFDS agrees cautiously but is happy to see British intervention.

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Logistics

Maersk chair on investor criticism: "I get the feeling that ATP also will ask about it next year"

Denmark’s largest pension fund wants greater insight into how Maersk will make money from logistics. There are limitations to transparency, chair says.

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