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Last week's top stories on ShippingWatch

The past week was dominated by a series of second quarter interim reports from shipping giants, as well as China's decision to devaluate the yuan three days in row.

Photo: Carsten Bundgaard

This week was a time to take stock of the three key shipping segments: container, tanker and dry bulk, as the week brought second quarter interim reports and half-year results from key players such as the Maersk Group, Torm, Norden and J. Lauritzen. Some brought positive surprises, while one carrier presented an ominous result.

Maersk Group

Søren Skou: We misread the market in early 2015 

The Maersk Group maintains 2015 guidance

Maersk Line second quarter profit USD 507 million

Maersk Line warns competitors in the price war

Here is an overview of the Maersk Q2 report

 

Norden

Norden delivers best tanker result ever

Jan Rindbo preparing new strategy for Norden

Analysts: Norden exceeds dry bulk expectations

 

Torm

Torm in USD 100 million operating profit for 1st half of 2015

Torm resurrected as well-padded tanker carrier

 

J. Lauritzen

J. Lauritzen lost USD 144 million in 1st half of 2015

Lauritzen CEO: Just waiting for improvement

 

Increased uncertainty in China

In addition to the low growth, China's currency is now also causing concerns.

China shocks with new devaluation Wednesday

Analysts: The oil price could now slide to USD 30

Bimco: Shipping stays clear of Chinese currency slash 

Big halt in China's export in July 

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