Category Archives: Shipping

Japanese shipping majors in freefall – Splash 247

More trouble on the sea.  This article came to me through logo  The Loadstar, which is a good aggregator of stories on mergers, acquisitions, divestitures, and general financial information on the major ocean carriers.

screenshot-splash247-com-2017-01-31-08-03-44On a dire day for Japan’s big three shipping lines, Nippon Yusen Kaisha (NYK) revealed a record loss of just shy of $2bn for the first nine months, Mitsui OSK Lines (MOL) was forced once again to revise downwards its full-year forecast and Kawasaki Kisen Kaisha (K Line) notched up a poor $468m loss for […]

Source: Japanese shipping majors in freefall – Splash 247

Red flag for Yang Ming

Yet another in the ocean carrier dominoes waiting to fall.

Following the bankruptcy of Hanjin, Taiwan’s Yang Ming is now the container line in the greatest financial danger, according to a research paper published today.

  Source: Red flag for Yang Ming as container line is weighed down by billion-dollar losses – The Loadstar

Maersk Line to acquire Hamburg Süd in cash deal worth up to $5bn – The Loadstar

It’s the usual talk we hear from participants about a merger, but this is an established and well-respected ocean carrier.

One of the most interesting comments in the story is the concentration of firms in shipping compared to a year ago– down to 13 firms from 20.  That is a big change, considering the amount of capital in a vessel owning carrier.

Source: Maersk Line to acquire Hamburg Süd in cash deal worth up to $5bn – The Loadstar