ShippingWatch

If you were away on vacation in July...

Then here is a sample of the key stories from the summer month. The creation of 2M was just one of the big stories this past month.

Photo: Sergei Karpukhin, AP

P3 became 2M

...when Maersk Line and MSC decided to go forward with a Plan B after the collapse of the P3.

2M partners represent top and bottom on reliability

Maersk Line: 2M could start in China tomorrow

Electrolux: 2M is also good for us

The US awaits reporting from Maersk and MSC

Drewry: New mega-alliances in spite of China

Alphaliner: New 2M competitor would have 20 percent on Asia-Europe

Shippers to study 2M agreement

Maersk Executive: Why MSC is the best partner for us

 

But the competitors quickly fired back:

SeaIntel: Agreement is bad news for CMA CGM

UASC: Alliance with CMA CGM might be on the table

Qatar takes control of rapidly growing container carrier

 

The Panama Canal's worst nightmare

The Panama Canal's competitor, the large-scale Nicaragua Canal project, was approved:

Plan for the Nicaragua Canal will be presented today

Plan for the Nicaragua Canal approved

Photo: Esteban Felix
Photo: Esteban Felix

Photo: Esteban Felix

 

The environment enters the field

The Trident Alliance was officially established, with numerous Scandinavian members, while Scandlines and DFDS both received good news from the EU:

Sulphur alliance between leading carriers now a reality

Scandlines gets green millions from the EU

DFDS gets USD 8.6 million from the EU for scrubbers

 

Skuld criticized the insurance industry

ShippingWatch visited Skuld, which criticized the industry while also appointing a new CEO.

“The CEO position came a bit earlier than expected” 

Skuld: There should be fewer P&I clubs

Skuld aiming for USD 1 billion revenue by 2020

 

This far but no further...

APM Terminals divested its assets in the Port of Virginia:

APM Terminals divests Virginia

APM Terminals: We believe in the US

 

Sanctions against Russia

And finally, the third round of round of sanctions were issued against Russia. This time the effect will be noticeable, according to several Danish and Russian experts ShippinWatch has spoken to.s

Photo: Sergei Karpukhin, AP
Photo: Sergei Karpukhin, AP

Russian shipyard giant hit by sanctions

New Russian sanctions could hit carriers and ports 

Morgan Stanley: Ukraine crisis hits Global Ports

GRM: New sanctions against Russia will not affect oil prices

Russian companies hit by Western sanctions

 

Further reading...

- about the future of Lauritzen Bulkers:

Smooth strategy change at Lauritzen Bulkers

- about DNV's losses in relation to the merger with GL:

DNV GL losing tonnage following merger

- about Danske Bank's result and its reduced shipping portfolio:

Danske Bank continues to cut shipping loans 

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