This week's top stories on ShippingWatch

Maersk Line made another move with a new billion dollar order for new ships, developments in debt-stricken Greece, a bunker acquisition and the sale of Esvagt are among this week's top stories.

by DANIEL LOGAN

Maersk Line's billion dollar order

Maersk Line placed its third order for new ships in just six months:

Maersk Line orders new ships for USD 1.1 billion

Maersk Line: We need more versatile ships

While A.P. Moeller-Maersk's coffers are bulging:

Money at Maersk is gathering dust

Investors: Maersk faces investment crisis

The Greek tragedy

Greece is struggling to secure a debt plan for the country's economy. This will likely impact the shipping industry alongside numerous other sectors:

How the crisis could impact the Greek shipping industry

Capital control keeps Greek ships trapped in ports

Greeks hold significant portion of global container market

Greece votes no in referendum

The sale of Esvagt

The long-awaited sale of Esvagt was finally settled this week:

Equity funds acquire Esvagt for hundreds of millions

Photo: Esvagt

Bunker Holding strikes again

Bunker Holding announced the acquisition of a US-based bunker player:

Bunker Holding acquires major US-based competitor

OW bankruptcy boosts Dan-Bunkering to record levels

Further reading:

Avance Gas: We are making super profits on VLGCs

"I would absolutely have done the same thing today"

World's largest car carrier vessel will strengthen competitive edge

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Logistics

French DB Schenker rival aims to close "white spots" on the world map

Systematic acquisitions are aiming at turning state-owned French logistics company Geodis into a fully global player.

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Container

"I just don't understand what they will do with all the conventional ships"

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In recent months, the group has bunkered biofuels for everything from cruise and ferry companies to container ships. | Foto: Roslan Rahman/AFP/Ritzau Scanpix

Ports

Bunker Holding is now able to supply biofuel to 80 ports

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The ownership of the rail operator must be shared equally with the Global Infrastructure Partners (GIP). | Foto: Max Rossi/Reuters/Ritzau Scanpix

Logistics

MSC acquires 50 percent of Italian railway company

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Unifeeder expects the two new vessels to be delivered in 2026. | Foto: Pr / Unifeeder

Carriers

Unifeeder invests in new methanol-ready vessels

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In August, Cargill International tested a new wind-powered ship. Now, in a joint development project with Lloyds Register and others, the commodities company is launching a new kamsarmax dry cargo ship that can run on methanol and wind power. | Foto: Cargill Bulgaria/Reuters/Ritzau Scanpix

Carriers

Lloyd's Register and partners have designed environmentally friendly bulk carrier

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US dockworkers union files for bankruptcy after prolonged dispute
The bankruptcy comes in connection with a lawsuit with the port company ICTSI, which sued the union after labor strikes back in 2019.
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Norway considers denying suspicious tankers access to its ports
Norway will impose a number of the same sanctions against Russia imposed by EU earlier this year.
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Panama Canal once again limits the daily number of ships
The downward adjustment of the daily number of ships allowed to pass through the canal is done in order not to further exacerbate the water crisis.
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Aker Solutions, Subsea 7 and SLB creates new joint venture
The new joint venture will have two headquarters in Oslo and in Houston.
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Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"
The Finnish company, like several other engine manufacturers, is on the verge of launching its first ammonia engine and is currently negotiating with several shipping companies.
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Will the world come to need 12 million barrels of oil a day?
In a forecast, Jyske Bank predicts that the world will be hit by an oil shortage by 2030. A halt to new oil projects makes it worse.
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"I just don't understand what they will do with all the conventional ships"

The equivalent of 1.6 million teu of container ships have been delivered in 2023. Next year it will be 3 million teu raising one question in particular, according to Alphaliner’s senior analyst.

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Logistics

French DB Schenker rival aims to close "white spots" on the world map

Systematic acquisitions are aiming at turning state-owned French logistics company Geodis into a fully global player.

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Logistics

MSC acquires 50 percent of Italian railway company

The major container carrier recently acquired a stake in the Spanish railway company Renfe and is now following suit with an ownership stake in the Italian rail operator Italo.

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The price will determine whether the sale of DB Schenker will go through, sources tell DPA. | Foto: Marvin Ibo G'ng'r/AP/Ritzau Scanpix

Logistics

Media: Sale of DB Schenker enters next phase

After a long period of scrutiny, Deutsche Bahn is ready to pursue a sale of the major freight forwarder DB Schenker, report German media.

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Ports

Bunker Holding is now able to supply biofuel to 80 ports

New climate measures for shipping are paving the way for Bunker Holding to take an important position as a supplier of biofuel to ports around the world.

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Carriers