ShippingWatch

MPC Container Ships could reach 50 vessels this year

Newly-established container carrier MPC Container Ships plans to have 35 to 50 feeder vessels within a year. "This would be a good starting point for us," the CEO of the Oslo-based company tells ShippingWatch.

Contantin Baack heads MPC Container Ships. He has also worked for Hamburg Süd, among others. Photo: MPC Container Ships

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Maersk believes several problems in Alang are now solved

Improvements at three yards in Alang have been so big, that they now represent a real alternative to China and Turkey, says Maersk CEO Søren Skou. However, the group acknowledges that there is still uncertainty with regard to the marine environment and problems with access to medical aid.

Dry bulk recovery halted – index plunging

The benchmark Baltic Dry Index has tumbled down over the past two months, and the same applies to the share prices of the listed dry bulk carriers. But Drewry expects that the decrease is temporary.

Grieg Star expects new deficit this year

The dry bulk market was weaker than expected last year, says Grieg Star's CEO Camilla Grieg, who projects another loss in 2018. The plan is to land a profit in 2019, she tells ShippingWatch.

Hedge funds increase shipping investments

Tufton Oceanic sees price rises of up to 100 percent in shipping stocks over the next two years. Adjusted for shipyard costs, they are currently trading at the lowest level in decades.

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