This week's top stories on ShippingWatch

Maersk and Torm's discontinuation of a tanker collaboration, challenges for industry suppliers and a poor result from Royal Arctic Line featured among the big news on ShippingWatch this week.

BY LOUISE VOGDRUP-SCHMIDT

Finished

Torm and Maersk decided this week to discontinue the tanker pool the carriers have collaborated on for 13 years.

Maersk and Torm discontinue tanker pool

Maersk now has full control of its entire tanker fleet

Tough times for suppliers

These are tough times for suppliers, with fierce competition in a market characterized by a slowdown, according to two CEOs.

MAN Diesel & Turbo fighting for every single order

Viking CEO: Slower growth in the years to come

Royal Arctic Line suffered a major deficit

The first half of the year showed a negative development for Royal Arctic Line - a development that looks set to continue.

Struggling Royal Arctic Line lost USD 5.8 million in 1st half of 2014

Royal Arctic Line caught in downward spiral

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Suppliers

Affinity takes big hit by dropping Russia business: "Very painful"

UK ship brokerage boss says company has suffered from the decision not to undertake Russia-related activity because of that country’s invasion of Ukraine.

Affinity reports satisfactory year despite profit plunge

Affinity buys London-based Vortex Shipbroking

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Maersk settles case about fired whistleblower

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Logistics

DB Schenker owner to lay off 30,000 after huge loss

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CMA CGM benefits from acquisition while ocean freight lags behind

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MSC confirms commitment not to sail north of Russia

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Ports

Key ports in China have been busy in the first half-year

Archival photo. a picture of the Houthi attack on Greek ship in the Red Sea on June 12, 2024. | Foto: Houthi Media Centre/Reuters/Ritzau Scanpix

Russian commodities aren’t safe in Red Sea as Houthis attack

Despite stating that they would not attack Russian and Chinese shipping in the Red Sea, commercial shipping of Russian commodities in the Red Sea is among the most attacked by the Houthis.

Customers will have to be patient after fire on Maersk ship

The owner of the fire-ravaged Maersk Frankfurt has declared general average for the ship and its cargo.

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Spot rates out of China decline for the third week in a row

After large increases a month ago, freight rates are now on the decline again for the third week in a row.

Startup wants to stop irresponsible ship recycling

Renable will make ship recycling responsible and efficient in a climate-friendly way that is actually cheaper than today, says co-founder.

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Foto: Florence Lo/Reuters/Ritzau Scanpix

Chinese trading platforms drive up air freight prices

Temu and Shein in particular, which have become popular among many Western consumers in a short time, are contributing to the rising prices, analysts estimate.

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DB Schenker is owned by the state-owned railroad group Deutsche Bahn with Richard Lutz as CEO.

DB Schenker says sale is proceeding as owner report major loss

The freight forwarder is a bright spot in Deutsche Bahn’s H1 results that showed an overall loss for the state-owned group.

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DB Schenker owner to lay off 30,000 after huge loss

Deutsche Bahn will shed a large number of employees over the next five years.

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Logistics

DB Schenker says sale is proceeding as owner report major loss

The freight forwarder is a bright spot in Deutsche Bahn’s H1 results that showed an overall loss for the state-owned group.

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Container

CMA CGM benefits from acquisition while ocean freight lags behind

The French shipping group increased its revenue, but the overall result did not follow suit. On the other hand, the logistics business is making strong progres.

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Maersk settles case about fired whistleblower

Maersk’s US subsidiary must change its practices after firing a whistleblower who raised concerns about safety on a ship. Updated.

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Michael Ebbe, Chief Financial Officer of DSV. | Foto: PR / DSV

Logistics

DSV is on the hunt for efficiencies: "We believe this is due dilligence"

A small number of employees are at risk of losing their jobs as a result of efficiency measures, says the logistics company’s CFO.

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Suppliers

Affinity takes big hit by dropping Russia business: "Very painful"

UK ship brokerage boss says company has suffered from the decision not to undertake Russia-related activity because of that country’s invasion of Ukraine.

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