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McKinsey: Shareholders lose big money on container carriers

It is a very poor investment to place money in container carriers such as Maersk Line or Hapag-Lloyd, according to a new report from McKinsey. Bad decisions made by the carriers over the past 20 years have burned billions of dollars, says the firm.

Photo: /ritzau/Christian Charisius

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Hapag-Lloyd negotiating with staff to avoid layoffs

Hapag-Lloyd has launched a comprehensive efficiency process that could result in layoffs in the weeks to come, confirms the liner company to ShippingWatch. The company is currently negotiating with staff through its Work Council.

Lawyer warns of risk of ballast water falsification

There is a risk that some seafarers could resort to falsification of ballast water records in the US if shipowners fail to train them properly, warns a lawyer with extensive experience in environmental matter. This could result in large fines and prison sentences.

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