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04/08/2014at 15:28

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
BY TOMAS KRSTIANSEN

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 

Related articles:

  • Photo: Rosneft

    Rosneft secured two contracts prior to sanctions

    For subscribers

  • Photo: Maersk Line

    Maersk Line: 2M could start in China tomorrow

  • Photo: APM Terminals

    2M partners represent top and bottom on reliability

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Palle Laursen has spent almost his entire career at Maersk where he began as a maritime engineer in 1998. He now retires as chief of fleet. | Foto: Maersk
Container

Maersk's chief of fleet leaves after 25 years as reshuffling continues

Palle Laursen leaves Maersk after 25 years in the company. Another leader is also out the door, as Vincent Clerc continues to put his stamp on the shipping giant.
  • Vincent Clerc sets brand new executive team
  • New executive team to steer Maersk through recession: "A lot of highly experienced industry people"

For subscribers

Lars Jensen is a shipping analyst and founder of consultancy Vespucci Maritime. In the future, he will write two opinion pieces for ShippingWatch a month. | Foto: Magnus Møller
Container

Opinion: Maersk and MSC heading for direct confrontation over customers

For subscribers

Foto: Uncredited/AP/Ritzau Scanpix
Tanker

New Russia sanctions could eventually leave Europe in drastic need of diesel

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"Vi har nogle gange haft ry for at have et kortere aftræk end vores konkurrenter. Du kan godt regne med, at det ry vil vi gerne holde fast i," siger Jens Lund, driftsdirektør i DSV. | Foto: DSV
Logistics

DSV denies savings plan but is attentive to costs

For subscribers

Foto: PR / Euronav
Tanker

Euronav CEO defends decision to retain large dividend

For subscribers

Foto: Mike Blake/REUTERS / X00030
Container

Freight rates out of China continue to plummet

Further reading

Chief execs of Maersk and MSC, Vincent Clerc and Søren Toft, acknowledges that much have changed for the carriers since launching the 2M alliance. For that reason, the partnership is now ended. | Foto: Jacob Gronholt-pedersen/reuters/ritzau Scanpix og Jason Decrow/ap/ritzau Scanpix
Container

End of 2M alliance could trigger a domino effect

A new reality on freight markets and a need for fewer ties could be main reasons behind MSC and Maersk terminating their partnership. More alliance dissolutions could be coming, according to shipping analyst.

For subscribers

Lars Jensen is a shipping analyst and founder of consultancy Vespucci Maritime. In the future, he will write two opinion pieces for ShippingWatch a month. | Foto: Magnus Møller
Container

Opinion: Maersk and MSC heading for direct confrontation over customers

Ahead of the 2M alliance’s final termination in 2025, Maersk and MSC will probably try to steal customers from each other, writes analyst Lars Jensen.

For subscribers

Palle Laursen has spent almost his entire career at Maersk where he began as a maritime engineer in 1998. He now retires as chief of fleet. | Foto: Maersk
Container

Maersk's chief of fleet leaves after 25 years as reshuffling continues

Palle Laursen leaves Maersk after 25 years in the company. Another leader is also out the door, as Vincent Clerc continues to put his stamp on the shipping giant.

For subscribers

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