This week's top stories on ShippingWatch

The past week brought numerous second quarter interim reports, especially from John Fredriksen's companies, while Maersk Container Industry got a new CEO and the first names attending Danish Maritime Days were revealed.

BY KATRINE GRØNVALD RAUN

A week of Fredriksen's financial results

Several of John Fredriksen's companies published 2nd quarter results this week. Get an overview here:

John Fredriksen: Rosneft deal is very important

Dry bulk fails Golden Ocean's expectations

John Fredriksen continues his investment strategy

Frontline 2012: US condensate could be a game changer

Replacement at MCI

Stig Hoffmeyer is the new CEO of Maersk Container Industry, which plans to move its management team from Tinglev to Copenhagen in 2015:

Stig Hoffmeyer new CEO of Maersk Container Industry

Maersk's container factory suffered big deficit in 2013

Danish Ship Finance and the rating

Danish Ship Finance finished the 2nd quarter with a significantly improved result, but the company is still struggling with its rating:

Danish Ship Finance makes USD 149 million profit

Danish Ship Finance keeps fighting poor rating

Moody's: One single big customer hurts Danish Ship Finance's rating

The German banks

HSH Nordbank is ready for the EU's health check, which many observers believe will hit the shipping banks in particular, according to the bank's management:

HSH performs major impairments on shipping

NordLB calls for caution in the shipping market

Commerzbank divesting container ships

Further reading:

Here are the first names for the Danish Maritime Forum

Pontoppidan: Nordic Shipholding's growth plan intact

Ramboll backtracking in Norway

APM Terminals: Significant interest in the Nicaragua Canal

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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. | Foto: 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.

For subscribers

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

For subscribers

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.

For subscribers

Container

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.

For subscribers

Ports

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.

For subscribers

Container

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.

For subscribers

Bulk

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.

For subscribers

Bulk

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.

For subscribers

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This week's top stories on ShippingWatch

A week of Fredriksen's financial results

Replacement at MCI

Danish Ship Finance and the rating

The German banks

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Related articles

NordLB calls for caution in the shipping market

Here are the first names for the Danish Maritime Forum

John Fredriksen continues his investment strategy

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

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

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

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

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

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

Analysis: Capesizes have become too expensive despite strong market

Jobs