This week's top stories on ShippingWatch

The OW Bunker case kept rolling this week, where Maersk Broker announced its willingness to join the merger wave and Maersk Line CEO's talked about 2M. Read on to learn more.

Photo: Carsten Bundgaard

What's up and down in OW Bunker?

The race to place the responsibility for the OW Bunker meltdown continued this week, where the lawyers representing the company's management entered the scene for real:

Major shareholder got out of OW Bunker in time 

OW Bunker crash now hitting carriers

OW's management knew about giant Singapore credits

Pension giants to scrutinize OW Bunker collapse

Photo: Kasper Palsnov/Jyllands-Posten
Photo: Kasper Palsnov/Jyllands-Posten

Maersk Broker open to merger

Like several other global brokerage houses, Maersk Broker is now also open to finding new partners, CEO Anders Hald told ShippingWatch:

Maersk Broker considering merger

Platou sold to Clarksons for GBP 281.2 million

Photo: Carsten Bundgaard
Photo: Carsten Bundgaard

The container game

Maersk Line CEO Søren Skou talked about the plans for 2M, while Lars Mikael Jensen, who had been appointed CEO of the collapsed P3 alliance, presented his view of the Asian container market:

Skou: Maersk Line and MSC must be equally reliable

Lars Mikael Jensen: Asia is far from mainstream Europe

SeaIntel: Far too many big container ships next year

Bleak prospects: Asset values headed for new dive

The crisis could postpone equity funds' exit from shipping

Further reading:

Hafnia: Tanker rates headed for great finish in 2014

Torm in non-compliance with loan facilities

Wall Street has Torm in a speculative iron grip 

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

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