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Damco's logistics business looks set to be merged into Maersk Line

Damco's days as an independent brand seem numbered. The process of reorganizing Maersk involves merging the logistics business, which has 10,000 employees, into Maersk Line, according to ShippingWatch's sources.

Photo: /ritzau/Casper Holmenlund Christensen

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Torm CEO after large deficit: Market has already turned

The recovery of a miserable product tanker market is well underway, says Executive Director Jacob Meldgaard in an interview with ShippingWatch after the company delivered yet another significant deficit in the third quarter.

Here is the roadmap for the liner companies' new global initiative

In as little as six months, two or three shared standards for container liner companies should be ready. That is the goal for the new global association between the world's largest container carriers, says André Simha, spokesman for the association and CIO at MSC, to ShippingWatch.

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