ShippingWatch

This week's top stories on ShippingWatch

CMA CGM beat Maersk Line to Iranian container deal, Norwegians defy the shipping crisis and launch new venture, and it now looks to be a bit safer for ships to call in Belgium even after trading with OW Bunker. These are just three highlights from this week on ShippingWatch.

Photo: Port of Gothenburg
Photo: Vahid Salemi/AP/POLFOTO
Photo: Vahid Salemi/AP/POLFOTO

Carriers are still moving closer to seizing the resurfaced opportunities in Iran after most of the sanctions on the country have now been lifted.

CMA CGM lands deal with top Iranian container carrier

This man holds the key to Iranian shipping

And Iran is not the only factor that did not develop quite as the Danish conglomerate might have wished.

Drewry: Hapag-Lloyd is in peak financial condition

Rotterdam union threatens legal action against APM Terminals

Photo: Maersk
Photo: Maersk

Though A.P. Moeller-Maersk is under pressure on some fronts, the week also brought more upbeat news:

Maersk Line invests big-time in its reefer fleet

Photo: Seadrill
Photo: Seadrill

The Norwegian oil woes are still raging in full force.

Nordea: Fredriksen's Seadrill needs USD 2.5 billion

Wood Mackenzie: Oil price makes half of all future projects unprofitable

Tanker keeps Stolt-Nielsen's 2015 result afloat

Farstad announces new cost reductions

Farstad sells offshore vessel at USD 5.6 million loss

But some Norwegians are still willing to launch new business ventures.

Arctic Securities and Fredriksen in new joint venture

Arctic CEO looking to cover entire sector with new broker venture

Photo: Wonsild Dry
Photo: Wonsild Dry

The dry bulk sector also continues its slide to hitherto unknown depths as the Baltic Dry Index slid to a new low at 317 points.

Drewry: Half of the older Capesize ships must go

Wonsild Dry: Worrying dry bulk sector consolidates industry

The dry bulk crisis has helped scale back investors' appetite for shipping, a fact noted with grievance by the CEOs of three major tanker playes.

Tanker CEOs: Investors not rewarding us deservedly

Further reading:

DSV kicks off in-depth UTI integration process

Desmi appeals US rejection 

Belgium is Achilles' heel for carriers after OW collapse 

Ruling in oil disaster could lead to huge compensation claims 

More from ShippingWatch

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Further reading

Related articles

Latest news

See all jobs