Last week's top stories on ShippingWatch

Trustees file claims for USD 100 million in the OW Bunker case. Creditors have USD 110 million trapped in Copenship. Maersk Line's biggest competitors made the carrier change strategy. BW Pacific opens office in Copenhagen. These are some of this week's top picks on ShippingWatch.

Photo: PR-foto: Kontraframe / Thorbjørn Hansen

BY TOMAS KRISTIANSEN

Million dollar claims in OW Bunker and Copenship

New giant claim in one of the biggest industry scandals in Danish history, the OW Bunker collapse. And a gaping hole of USD 110 million in the Copenship estate.

OW bankruptcy could see new wave of lawsuits

Trustee wants USD 100 mln for OW mismanagement

Creditors have USD 110 million trapped in Copenship

"Things are looking tough out there, but..."

With its fourth annual Capital Markets Day, the Maersk Group aimed to make the conglomerate's five core business units attractive to investors and analysts at a time when the market, according to Group CEO Nils Smedegaard, can be compared to the crisis year 2009.

Maersk Drilling waiting for the right acquisition opportunity

APM Terminals' acquisition candidates nearing maturity

Analysts: Maersk standing strong in tough markets

Maersk Oil: The right acquisitions are out there

Two competitors made Maersk Line change strategy

This is the Maersk Group plan of attack

Nils Smedegaard: Market on par with crisis year 2009

New requirements for today's maritime CEOs

The traditional "shipping man" may be going out of style at executive offices in the maritime sphere.

Headhunter: New requirements for the maritime CEO

Where is China headed?

Growth in China received a new beating from major banking group Goldman Sachs. Follow ShippingWatch's series of interviews to learn where the Chinese economy is headed.

"China set to continue as the world's growth engine"

Goldman Sachs projects even lower growth in China

Chinese coal continues to slide

BW Pacific sets sights on Copenhagen

BW Group's product tanker carrier BW Pacific will open an office in Copenhagen to boost European presence.

BW Pacific establishes European office

Norway's government will support the country's shipyards

One of the means to ensure growth in the maritime sector is to improve framework conditions. Norway is working on the matter.

Norway to support yard sector with USD 80 million

And a very pleased DFDS shareholder announced its presence, as London-based fund Artemis is approaching the point where the fund must flag its stake in the carrier.

Unknown major DFDS shareholder on the brink to flag

New report projects bleak future for the North Sea

DNB: Two year rut ahead for oil service companies

Nigeria lifts tanker ban but shipowners question the move

Unknown major DFDS shareholder on the brink to flag
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This is the Maersk Group plan of attack
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DNB: Two year rut ahead for oil service companies
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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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Container

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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Container

CMA CGM benefits from acquisition while ocean freight lags behind

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Container

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.

For subscribers

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 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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Logistics

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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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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Container

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.

For subscribers