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Damco maneuver could cost jobs among regional leadership
A total of 18,000 Maersk employees could in some way be affected by the large-scale integration of Damco and Maersk Line. Dual leadership roles in the regional businesses in particular could be impacted, Maersk Line CCO Vincent Clerc tells ShippingWatch.
Tanker market will remain strained in 2019
Next year will also be a tough year for many tanker ships, projects analyst firm McQuilling. A market recovery will take time and require patience, notes the firm.
CEOs in shipping and logistics believe in future growth
Several shipping and logistics CEOs eye higher growth prospects for this year compared to 2017, shows a new survey from PricewaterhouseCoopers. However, digitalization and environmental regulations cause concern.
CMA CGM puts pressure on container leaders with unexpected u-turn
French liner company CMA CGM has surprised the market by lowering its prices significantly – in a move that goes directly against the industry's plans. Maersk is evaluating the situation.
Former Norden shareholder sells all Borr Drilling shares
Norway's Rasmussengruppen has sold its entire stake in Borr Drilling, reports Dagens Næringsliv. Several leading figures in Borr have seized the opportunity to buy.
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