Maersk’s struggle in the container market
On Friday, the Maersk Group downgraded financial expectation for the full year. A miserable container market carries the blame:
Maersk downgrades 2015 expectations
Maersk Line downgrade heralds industry downturn
Smedegaard: Low rates collide with 2016 contracts
Northern European sulfur violators
Danish authorities have caught a range of ships with excess sulfur levels in their ship fuel:
This is where the ’Danish’ sulfur violators come from
Shipowners: Isolated Danish sulfur efforts are not enough
Bonfils and Monjasa launch new company
Former partner in Nordic Bulk Carriers, Christian Bonfils, has joined forces with Monjasa and launched a new company:
Former Nordic Bulk Partner and Monjasa to collaborate in the Arctic
"I had to get away and shut down"
Further Reading
Denmark might have misled EU on state aid to carriers
Clipper in million-dollar dispute with former soccer boss
Shipping included in draft for climate negotiations
APM Terminals invests in Latin American capacity expansion
Seadrill explains itself in Sevan’s corruption case
Maersk dangles millions in front of Indonesia
Maersk downplays statement from Indonesian minister
HSH Nordbank approved for bailout
Major container player drops Asia to Black Sea route
Maersk Line merges two services, freeing nine ships
More from ShippingWatch
Hafnia could face difficulties financing major acquisition from biggest rival
Hafnia is in the process of acquiring 12 vessels from its largest rival, Scorpio Tankers, in a cash transaction estimated at USD 360m. It could prove difficult for Hafnia to finance such a large deal with the current stock prices, analyst tells ShippingWatch.
"Fossil" ships to be part of Norden's fleet for many years to come
Shipping line Norden wants all ships to be able to sail on green fuels in 2030. Until then, the company is not through with buying fossil-fueled ships, head of climate solutions tells ShippingWatch.
Several factors explain the plummeting dry bulk rates
Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.
One of China's busiest ports jammed by Covid
Bottlenecks in the US and Europe greatly impact Chinese port Shenzhen as upcoming holidays are likely to further slow shipment of goods out of China.
Prosafe reports best fleet utilization since 2015
Norwegian hotel rig provider Prosafe, which completed a large-scale restructuring in December, comes out of 2021 with the highest fleet utilization in six years.
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