The European Commission wants to extend the consortia block exemption regulation, BER, for container shipping lines. The commission calls for comments in a consultation period. The current regulation is set to expire in April 2020.
Ex-Maersk COO Søren Toft and MSC Chief Executive Diego Aponte know each other very well from the many meetings in Geneva and Copenhagen where the 2M partnership has been coordinated. Several sources say that Toft has for a long time been Aponte's favorite. Read on to learn why.
The profitability of Maersk's logistics business must reach the same levels as the world's major freight forwarders, says CEO Søren Skou. Next target is top line growth, after Maersk grew its profit in the third quarter on lower costs.
The deficit got smaller at South Korean container line HMM in the third quarter. But the company still sees many risks in the global economy, and the transition to a new alliance is also a focus point.
While Maersk is publicly criticizing the exhaust gas cleaning systems, the group has still begun to install them on a large scale. Smart choice, say analysts.
DFDS' growth target has been cut in half since Niels Smedegaard resigned as CEO. But his replacement, Torben Carlsen, thinks improvement might occur next year in the company's two most important markets. The company's stock price increased 7.4 percent Tuesday.
Hafnia and CEO Mikael Skov had to dial down expectations ahead of IPO but reached its target for sale of shares ahead of thelisting. Former BW chief executive Tina Revsbech landed a new top job within shipping, and Thorco Projects is once again positive, in a week in which several companies presented financial figures.
The two countries have agreed to roll back their tit-for-tat tariffs in phases, says a spokesman for China's Ministry of Commerce.
With the Panalpina acquisition in the bag, DSV now needs to become better acquainted with its acquisition. This includes Panalpina's perishables business, something DSV only has little experience with.
Maersk just informed its customers of the size of its sulfur surcharges on contracts lasting up to three months, after the company calculated the difference between high- and low-sulfur fuel. See the price of the surcharges on five main routes.
DSV expects its operating profit for the entire year 2019 to come to USD 986 million after its acquisition of Swiss Panalpina earlier this year. The logistics group also slightly raises its expectation for synergistic effects, according to its interim report.
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DSV's acquisition Panalpina transports a lot of perishable goods, and this business could be harder to make money from than regular container freight. Could DSV opt to divest the business again? Three analysts give their assessments prior to DSV's interim report on Friday.
Maersk, ONE and Hapag-Lloyd have started bunkering their first low-sulfur fuel oil. ShippingWatch has spoken to the three liner majors about the price differential from heavy fuel and communications to customers.
CMA CGM's debt has become too high following the French container shipping company's full-scale entry into the logistics sector at a time when demand has slowed, uncertainty is rising and the number of large vessels is growing.
Hapag-Lloyd is trying to eradicate a common misunderstanding among its customers that the extra fuel cost will not be imposed until the turn of the year. "That's not how it works," the shipping company's managing director of fleet management tells ShippingWatch. (Corrected).
Maersk expects to increase its earnings this year, but according to shipbroker Clarksons Platou, this is not due to improvements on the container market. The broker provides a guess as to what Maersk's next move will be.
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Logistics company Kuehne + Nagel books increased revenue and gross profit in this year's third quarter relative to 2018. Seaborne container freight has also been on the rise.
Although we live in "the digital age", container lines provide far less digital information to its customers than one might otherwise expect, notes Sea-Intelligence. And the level of information has not changed much in the past three years.
Six months ago he was a partner at McKinsey in Munich. Now Hapag-Lloyd's 39-year-old chief operating officer is responsible for the container shipping line's IMO 2020 plan. In an interview with ShippingWatch, Dr. Maximilian Rothkopf provides a rare insight into how the German company is approaching the task.
Rector for Marstal Navigation School
Bunker Broker - Liberty Marine Fuels 
Experienced accountant for international shipping company
