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Singapore's terminal group PSA grows almost 10 percent

Singapore's major terminal operator PSA grew 9.8 percent on container throughput in 2017 compared to 2016. New technologies and uncertainty will characterize the coming years, says PSA President and CEO Tan Chong Meng.

Hyundai Merchant Marine
Photo: Hyundai Merchant Marine

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Maersk Line installed a "sleeping partner" in Tunisia

Maersk Line has had a "sleeping partner" in Tunisia, although authorities require foreign companies to partner with domestic players in an active, local co-ownership. Now, Maersk Line has had to establish a new joint venture taking over the role of Maersk Tunisie.

Meldgaard: Crude tankers cannibalizing product market

The downturn for crude oil tankers, where rates are extraordinarily low, has become a major problem for the product tanker operators. Torm Executive Director Jacob Meldgaard expects that the pressure from the supertankers could continue for a while yet, he tells ShippingWatch.

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