Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

ITF delivers satisfactory progress report to Maersk AGM

International Transport Workers’ Federation news release:

A four-strong team of representatives from ITF (International Transport Workers’ Federation) unions today committed to continued dialogue with AP Møller-Mærsk at the company’s AGM in Copenhagen.

The union members were at the event to deliver a progress report on the continuing dialogue between the company and unions established by […]

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Container shipping lines ordered to testify in U.S. sector probe

From Reuters:

The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on Wednesday.

The world’s biggest container group, Denmark’s A.P. Moller-Maersk, together with second largest line MSC of Switzerland, Germany’s […]

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HMM consortium with 2M officially launches

Hyundai Merchant Marine officially signed a deal with the world’s largest shipping alliance, a move that is expected to grant the company more vessel capacity on its service routes and a way to improve its financial health, the company said Thursday.

HMM CEO Yoo Chang-keun and heads of the 2M alliance, Soren Skou of Danish […]

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Hanjin Shipping’s bankruptcy backfires on Korean shipbuilders

Global shipping giants reportedly are reluctant to place orders and are postponing the delivery of completed container ships because vessels that were chartered by the nation’s once-largest shipping line have been released into the market at lower prices.

According to industry sources on Sunday, the world’s largest shipping line, Maersk Line, placed a $1.1 billion […]

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Chassis leasing firm DCLI buys NYK’s 11,000 chassis used on U.S. mainland

Excerpts from DC Velocity:

Intermodal chassis leasing firm Direct ChassisLink Inc. (DCLI) said today it acquired all 11,000 marine chassis owned by the North American arm of Japanese liner shipping company Nippon Yusen Kaisha Inc. (NYK) that were operated on the U.S. mainland.

The 11,000 units will be placed in pools managed by Consolidated […]

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Maersk to get EU decision on Hamburg Süd deal by March 27

From World Maritime News:

Danish shipping giant Maersk Line is scheduled to receive the EU antitrust regulator’s decision on the company’s plan to purchase the Germany-based Hamburg Süd by March 27, according to Reuters.

The deal, reached at the beginning of December 2016 amid a consolidation period in the industry, was filed to the European […]

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Maersk Line defers delivery of new container ships to prop up cashflow

From The Loadstar:

Maersk Line is to postpone delivery of nine newbuild 14,000 teu ‘utility’ ships with the last vessel to be received at the end of 2018, instead of at the end of this year.

Maersk Line says it does not need the ships as it is able to charter vessels of this […]

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Maersk slumps to only its second annual loss in seven decades

Excerpts from the Financial Times:

Shares in Maersk fell as much as 7 per cent on Wednesday as it reported only its second annual loss in seven decades and halved its dividend to try to protect its investment grade credit rating.

Maersk recorded a net loss of $1.9bn for 2016, compared with analysts’ expectations of […]

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Maersk biggest operator of former Hanjin ships, but two-thirds of fleet remains idle

From Seatrade Maritime:

Maersk Line is the largest operator of former Hanjin Shipping vessels, but more than two-thirds of the vessels from the bankrupt company’s fleet remain inactive, according to Drewry.

Of Hanjin’s fleet of 98 containerships, with a capacity of around 610,000 teu when it filed for receivership on 31 August last year, 31 […]

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Container shipping costs skyrocket after Hanjin collapse

From Hellenic Shipping News:

Container shipping costs, which radically plunged, now shows signs of recovery after the fall of Hanjin Shpiping Co. The strategy of Maersk Line, the world’s largest shipping group which cuts down shipping fees until its competitors fall down and pick fruit when they are liquidated, seems to be working. As […]

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Hyundai Merchant no longer considered for 2M Alliance, Maersk says

From the Wall Street Journal:

Maersk Line, the senior member of the world’s largest container-shipping alliance, has said it is no longer considering Hyundai Merchant Marine for membership in the group, dealing a major blow to the troubled Korean shipping company.

The so-called 2M Alliance—made up of Maersk and Mediterranean Shipping Co.—moves a third of […]

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Maersk Line to buy container shipping line Hamburg Süd

Denmark-based shipping company Maersk Line has agreed to acquire German container shipping line Hamburg Süd from its owner Oetker Group, for an undisclosed sum.

Subject to final agreement and regulatory approvals, the deal is expected to be complete by the end of next year.

With 130 container vessels and a container capacity of 625,000 twenty-foot […]

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Maersk partners with U.S. West Coast ports

Maersk Line has partnered with the ports of Los Angeles and Long Beach to measure the environmental benefits of a US$125 million upgrade to 12 containerships.

The two ports are contributing jointly US$1 million to a real-time tracking system to pinpoint vessel emissions while ships birthed and at sea.

Maersk said the three-year data collection […]

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Maersk stops selling ships after scandal

From Port Technology:

”The health risks attached to ship scrapping are numerous and deadly, including, lead or asbestos poisoning, polychlorinated biphenyls and other dangers associated with heavy metals,” reports Port Technology.

In the wake of harsh criticism regarding Maersk’s decommissioning and selling of ships, aware they would be scrapped in dangerous circumstances in Bangladesh and […]

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Maersk in hot water for sending ships to notorious scrapping beaches

”It’s not the first time that Danish ships have been found on the contentious scrapping beaches, which employ impoverished workers in dangerous conditions for pay that can be as low as 2.5 kroner an hour,” reports the Copenhagen Post.

From the Copenhagen Post:

The Danish oil and shipping company Maersk finds itself in turbulent […]

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