Europe
Germany
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Hapag-Lloyd dismisses shipper fears of Gemini Cooperation
There will be winners and losers in terms of direct calls under the Gemini Cooperation’s hub-and-spoke network. But transhipment should not lead to poorer services
Habben Jansen: Return to Red Sea will come quickly but only when it is safe
Hapag-Lloyd stayed profitable in 2023 despite ‘unsustainable rates’. But it is looking to alter its strategy to avoid the volatility of ocean shipping
Germany still world’s biggest boxship player, claims VDR
Press conference in Hamburg highlights challenges, including political tensions, recruitment and decarbonisation
Cecilia Eckelmann-Battistello dies
Born in Italy in 1950, Battistello brought colour and glamour to the industry but was nevertheless a tough businesswoman who rose up through the ranks to become managing director of Contship Containerlines in 1988, and went on to hold other leadership positions
Mitsui OSK and Allianz sue Volkswagen over Felicity Ace blaze
Casualty caused by lithium-ion battery on Porsche vehicle, plaintiffs contend
Gemini Cooperation is a closed club, says Habben Jansen
The Gemini Cooperation will create a new network model for box shipping. If it works, it will provide better reliability, higher vessel utilisation and lower emissions and costs
Greece
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Seanergy ups dividend as it clinches increased capesize earnings
Nasdaq-listed owner of 18 large bulkers intends to ‘vigorously defend’ itself against Economou lawsuit
Economou files lawsuit against Seanergy Maritime directors
Complaint filed in the Marshall Islands takes aim at chief executive Stamatis Tsantanis and other directors, claiming that an issue of ‘super-voting’ preferred shares ‘disenfranchised’ outside shareholders
TEN emerges as owner behind Samsung shuttle tanker order
The latest order, priced at $148m, brings to at least three the number of shuttle tankers being constructed for US-listed owner, on top of four vessels already in operation
Capital Product sheds more boxships as it doubles down on gas shipping
First four disposals expected to swell owner’s cash kitty by about $81m
Grimaldi expands capacity on Igoumenitsa service
Brindisi-Igoumentisa service ‘an essential bridge’ for transport between Italy and Greece
Okeanis eyes ‘even better’ longer-term scenario for tankers
New York- and Oslo-listed owner clinches sharply higher rates in first quarter of 2024 following record 2023
UK
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Shippers lobby for direct container links to northern UK ports
Over half of UK cargo is destined for the northern half of the country. But the three main container hubs are in the south
Sunken Rubymar’s only UK link was its disputed insurance cover
Yemeni Houthis sank the Belize-flagged bulker Rubymar on the basis of data that wrongly linked the Lebanese owners to a residential block of flats in Southampton. Now, amid a dispute between the ship’s owner and its insurer, it may fall to Yemen to clean up a fuel oil slick, 21,000 tonnes of ammonium phosphate sulphate and a navigation hazard
ITIC launches Brexit workaround subsidiary, Kirk confirms
Marine mutual ends fronting arrangement with UKNV and sets up independent affiliate
Fixed premium P&I insurer Hydor acquires CMS
UK company will maintain office in Chelmsford
Wright to step down from Mission to Seafarers’ top job
Mission provides practical support in 200 ports across 50 countries
Just one seafarer in eight on Chamber of Shipping vessels is UK national
RMT union claims figures demonstrate ‘super exploitation’
Norway
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Fixed premium P&I insurer Hydor acquires CMS
UK company will maintain office in Chelmsford
Strong finish sends BW LPG to strongest year on record
BW LPG posted its strongest financial year after a robust fourth quarter, during which VLGC rates climbed to near-record levels. The company’s outlook for the year is ‘positive’ but it expects high volatility
Frontline sees Q4 boost from Euronav VLCCs
Last year ‘exceptional for tanker industry’ and Red Sea disruption will benefit larger vessels, says Barstad
MPC Containerships ‘optimistic’ about medium-term outlook
Oslo-listed MPC Containerships is optimistic about the medium-term outlook for boxships, especially for intra-regional trades. The company has $1bn contracted revenue backlog with 78% of days covered in 2024
Wallenius Wilhelmsen doubles vehicle carrier orderbook as it declares options
With Wallenius Wilhelmsen’s latest order, 195 pure car and truck carriers have been ordered since 2020
Norwegian Car Carriers firms shipbuilding contracts for PCTC pair
Firming of newbuilding contracts by Oslo-headquartered vehicle carrier tonnage provider follows letter of intent signed in November 2023. Including NOCC’s newbuildings, the global orderbook for pure car and truck carriers numbers 179 vessels
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