This week's top stories on ShippingWatch

APM Terminals lays off 160 in Gothenburg in a move to end the protracted port labor conflift. Shipowners look to postpone the ballast water convention by two years. Shippers worry about a shortage of reefer containers. Oil is headed for USD 40. Here are this weeks top picks.

Photo: PR

Strike lead to large-scale layoffs

Strikes are enveloping Gothenburg, where APM Terminals will lay off 160 employees, and the Spanish ports. Once carriers have shifted cargo to other ports to minimize the impact of the strikes, customers may not want wish to return to the original port of choice.

Strikes permanently move cargo from European ports

European dockworkers to strike in support of Spanish peers

APM Terminals lays off 160 employees in Gothenburg

APM Terminals on layoffs: Conflict has cost one in five containers

Spanish port strike called off for multiple days


APM Terminals Gothenburg CEO Henrik Kristensen

Shippers concerned about reefer shortage

The Global Shippers Forum is highly concerned about developments in Brazil, Latin America's largest economy, where the entire supply chain, from food exporters to warehouses and terminals, have been hit hard by a shortage of reefer containers since early 2017.

MSC gains full control of vital Brazilian reefer port

Shippers: Reefer markets will feel the pain from carrier concentration

Container rates skyrocket on North-South routes

Shipowners looking to postpone ballast water regulations

Suppliers had feared it for a long time, and this week it happened that shipowners voiced a strong call to postpone the ballast water convention.

Shipowners and suppliers in open war on ballast water

Major carriers divided on push for ballast water postponement

IMO's hesitance in ballast water takes toll on suppliers

Oil price once again dives toward USD 40

OPEC's efforts to push the oil price up look to have failed.

After a 30-day slide the oil price is again headed for USD 40

National Oilwell Varco to lay off as many as 170 people in Norway

Offshore norge platform rig storm Wintershall

Jyske Bank does not eye large values in Maersk Oil listing

Norway opens up Barents Sea for extensive oil drillings

And don't forget all the other good stories from this past week:

MPC Container Ships could reach 50 vessels this year

Svitzer and Rolls-Royce in partnership for remotely operated vessels

Frank Mortensen named CEO of Maersk Broker's bulk business

Bugbee calls on competitors to join forces

"An industry downturn is exactly what we need"

Maersk Line in major CEO reshuffle in Singapore

New dry bulk company works solely for Noble Chartering

Cosco will challenge European dominance on key container routes

Endofa delivers first-ever profit

English Edit: Daniel Logan Berg-Munch

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Norwegian offshore carriers more optimistic about the future

Two of the biggest carriers in Norwegian offshore, Solstad Farstad and DOF Subsea, note in their annual reports that there is increased tender activity in the oil market, which indicates a better market in the future. The market has bottomed out, says Solstad Farstad.

J. Lauritzen lost USD 45 million in 2017

Denmark's J. Lauritzen lost USD 45 million in 2017, almost in line with the year before. The carrier expects a better result this year, though still not satisfatctory. And a potential recovery could be muted.

Media: HSH Nordbank close to deal with new owners

German shipping bank HSH Nordbank has allegedly sealed a deal with two US-based equity funds, report German media. According to Wall Street Journal, the funds will buy the bank at a much higher price than originally assumed.

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