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.

Maersk says global IT breakdown caused by cyber attack

From Reuters:

Shipping giant A.P. Moller-Maersk, which handles one out of seven containers shipped globally, said a cyber attack had caused outages at its computer systems across the world on Tuesday.

The attack came as computer servers across Europe and in India were hit by a major ransomware attack.

The breakdown affected all business units […]

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Port of Los Angeles and GE's 'digitized maritime shipping' partnership launches

GE Transportation has issued a news release on the project, excerpted here:

Last November, GE Transportation and the Port of Los Angeles announced a partnership to develop a first-of-its-kind digital solution to keep cargo flowing efficiently through America’s largest container port. Since, the partners have been working together to build a platform that digitizes maritime […]

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Maersk reveals changes to Hamburg Süd executive board post-takeover

Maersk Line is wasting no time in putting its blue stamp on the executive board of soon-to-be acquired Hamburg Süd, but says it “intends to maintain the business model” of the north-south niche carrier.

After the completion of the transaction – still subject to some regulatory approvals but anticipated for Q4 – Maersk said not […]

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Maersk Line to pay $4 billion for Hamburg Sud

The world’s biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday.

Combined, the two companies will be able to realize annual operational savings of about $350 million to $400 million, Maersk Line said in a statement fleshing out […]

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OOCL to evaluate potential partnerships with online retail giants

From Seatrade Maritime:

The advent of e-commerce and its increasing popularity on a global scale have prompted container carrier Orient Overseas Container Lines (OOCL) to evaluate and relook at potential partnerships with online retail giants, according to Andy Tung, ceo of OOCL.

“As a supplier of hard cargo goods, we are still not sure what […]

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Latest ‘world’s largest containership’ delivered to Maersk Line

Just two weeks after the delivery of the first containership to surpass the 20,000 TEU mark, the record for the world’s largest containership has been broken yet again with the delivery of the Madrid Maersk to Danish shipping giant Maersk Line.

According to the maritime analyst Alphaliner, the Madrid Maersk has a capacity of […]

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News reports: APM could exit Tacoma

Reported at Maritime Link:

APM Terminals Tacoma has received notification from Matson, Inc., its main customer, that Matson does not intend to renew its current terminal services agreement after its expiration on December 31, 2017.

Accordingly, APM Terminals is evaluating all options with respect to its existing terminal lease, which is currently set to expire […]

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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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