This week's top stories on ShippingWatch

J. Lauritzen stands emblematic of the dry bulk crisis with yet another massive deficit, while the struggling container industry notes a degree of consolidation and the offshore players continue to suffer under the low oil price. Here are this week's top picks on ShippingWatch.

BY CHRISTIAN BARTELS

The past week brought a deluge of annual reports, and the dry bulk reporting season is now underway, kicked off by J. Lauritzen which presented a result that was emblematic of the dry bulk crisis.

The dry bulk crisis I

J. Lauritzen remains trapped in the dry bulk downturn which has withered the market completely.

J. Lauritzen lost USD 313 million in 2015

Lauritzen CEO sees weak market continuing several years

J. Lauritzen CFO Birgit Aagaard-Svendsen opted to step down on her 60th birthday

J. Lauritzen's CFO steps down'

The dry bulk crisis II

And times are still tough for the sector overall:

Five days of massive losses tremble the bulk industry

Klaveness presents plan to escape the dry bulk crisis

Golden Ocean receives Nasdaq warning

Navios: Bulk market as difficult as ever existed

Struggling Star Bulk places vessels in major Capesize pool

A new era in container shipping

The container sector is still crawling along while the industry is consolidating and nursing its wounds from the low rates and massive overcapacity.

This is where China's new container player stands

Hapag-Lloyd exits 2015 with EUR 366.4 million operating profits

CMA CGM confirms meetings about French-Chinese alliance

The MPA had been warned

And the week brought news from the bunker sphere, where, among other things, whistleblower claims that Singapore was warned about Tankoil CEO Dennis Tan's methods ahead of the OW Bunker collapse.

MPA got clear warnings about Dennis Tan before OW collapse

Monjasa promotes manager to new COO position

Nothing new from the North Sea

Plus predictable news from the North Sea:

Seadrill plans large-scale cost reductions in 2016

John Fredriksen at the NYSE

Oil price drags driller Songa Offshore further down

Struggling Siem Offshore in huge deficit for 2015

Statistics confirm 2016 investment plunge in the North Sea

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Halvor Sveen is chief executive of Oslo-based shipping bank Maritime & Merchant. | Foto: Marine Money/Oscar May

Suppliers

Maritime & Merchant notes fierce competition in loans for shipping

Maritime & Merchant Bank took a close look at peer Danish Ship Finance, which was recently sold.

Erling Braut Haaland buys up in Norwegian shipping bank

Norwegian shipping bank expands portfolio despite container downturn

For subscribers

The penal code provision on trespassing is used when someone enters private property without permission. | Foto: Jens Dresling/Ritzau Scanpix

Container

14 arrested at demonstration in front of Maersk headquarters

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Chief executibe of Wallenius Wilhlemsen Lasse Kristoffersen, and chief executive of Höegh Autoliners Andreas Enger. | Foto: Wallenius Wilhelmsen and Javad Parsa

Carriers

Norwegian car carriers bag multi-year contracts

For subscribers

Foto: Hannibal Hanschke/Reuters/Ritzau Scanpix

Regulation

IMO's fossil fuel ban in the Arctic faces criticism

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Container

Record influx of container ships this year will not cause trouble until 2025

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Container

Cosco and CMA CGM expect further pressure on major European ports

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”We are very happy with how our new organization is working and we are hearing the same from our customers,” writes Kuehne+Nagel about the reorganization implemented at the company in early spring. | Foto: Daniel Reinhardt/AP/Ritzau Scanpix

Kuehne+Nagel triggers unrest among staff with new management structure

The logistics major may have lost talent and created confusion, according to current and former managers. The company does not share the concerns.

For subscribers

Dry cargo carriers discussed the green transition at Marine Money Week. | Foto: Foto: Marine Money Week

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Bulk majors Golden Ocean, Genco and Navios do not see a consensus on green fuels for bulk shipping in the short term.

For subscribers

Less than one percent of the container fleet is currently idle

New data shows that only 77 container ships in the entire global fleet are not working, a number not seen since the pandemic.

For subscribers

Foto: Bernd Von Jutrczenka/AP/Ritzau Scanpix

Congestion in Asian ports is now as bad as during Covid

The Port of Singapore has not seen such pressure from high container volumes since the pandemic as nervous shippers move forward the peak season.

For subscribers

Analysis: Capesizes have become too expensive despite strong market

Since late 2023, the purchase and sale of second-hand capesizes has increased significantly. The price of newbuilds is also at its highest in 15 years.

For subscribers

Rhett Hatcher as served as chief executive of the UK Chamber of Shipping since March this year. | Foto: UK Chamber of Shipping

UK Chamber of Shipping calls for more trade-friendly policies

Chief exec Rhett Hatcher sets out his priorities for the next government to make the UK the ”best place” for shipping.

For subscribers

Kuehne+Nagel triggers unrest among staff with new management structure

The logistics major may have lost talent and created confusion, according to current and former managers. The company does not share the concerns.

For subscribers

Container

Cosco and CMA CGM expect further pressure on major European ports

French CMA CGM is expanding capacity on the Asia-Europe route to ease peak season congestion over the summer.

For subscribers

Ports

Congestion in Asian ports is now as bad as during Covid

The Port of Singapore has not seen such pressure from high container volumes since the pandemic as nervous shippers move forward the peak season.

For subscribers

Container

Less than one percent of the container fleet is currently idle

New data shows that only 77 container ships in the entire global fleet are not working, a number not seen since the pandemic.

For subscribers

Bulk

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Bulk majors Golden Ocean, Genco and Navios do not see a consensus on green fuels for bulk shipping in the short term.

For subscribers

Bulk

Analysis: Capesizes have become too expensive despite strong market

Since late 2023, the purchase and sale of second-hand capesizes has increased significantly. The price of newbuilds is also at its highest in 15 years.

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This week's top stories on ShippingWatch

The dry bulk crisis I

The dry bulk crisis II

A new era in container shipping

The MPA had been warned

Nothing new from the North Sea

Further reading:

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Robert Uggla is now launching the strategy for Svitzer

Klaveness presents plan to escape the dry bulk crisis

This is where China's new container player stands

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs