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HMM to launch new service connecting Asia to North Europe

South Korean Hyundai Merchant Marine announced that it will launches a new Asia-North Europe Express service in April. HMM will use ten Panamax vessels in AEX service and its first sailing begins on April 8th. HMM has in its plans to order eco-friendly mega containerships in the 1st half of 2018.

New ship routes to be launched in Skagerrak, Kattegat

The IMO NCSR Sub-Committee approved the Danish Maritime Authority’s proposal for new ships’ routeing measures, and opened the way for new routes in the Skagerrak and the Kattegat and aims to enhance safety of navigation.

Canada to surpass US in trade growth in 2018

Shipping company Maersk released its trade report for 2018, according to which both US’s and Canada’s trades will continue to increase, but Canada is expected to surpass the US during 2018. The outlook is more positive for Canada, which can be one of the fastest growing markets in terms of container trade across the Americas in 2018.

US to sue Wilhelmsen for plan to buy Drew Marine

The US Federal Trade Commission informed that it will take the Norwegian company Wilhelmsen in court, regarding the company’s plan to buy the US Drew Marine Group. According to FTC this deal will put marine water treatment chemicals market competition in danger.

USCG, Texas A&M University-Corpus Christi sign education deal

US Coast Guard and Texas A&M University-Corpus Christi officials signed a Memorandum of Agreement regarding the cooperation between the two parties in education and recruiting efforts, earlier this week. According to the agreement USCG will support commissioning and mentoring programs in place at A&M-Corpus Christi.

Maersk considers expanding to land-based industries

Maersk is considering to expand to targets outside the shipping industry, in an attempt to position itself into a new competitive area, alongside giants of the industry, over the next three to five years. Maersk currently owns 20% of the container shipping market and wants to expand, but a shift in land can face regulatory obstacles.

Top 10 shipping lines dominate deep-sea market

Currently 67 shipping lines operate fully cellular containerships in the container shipping industry. However, more than 87% of fleet capacity is controlled by only 10 of them, representing just fewer than 7% of the total lines.

Rough seas demand digital adoption, BCG says

Two years ago, the Boston Consulting group highlighted that slow growth in global demand coupled with a persistent oversupply of vessel capacity, was a major industry challenge. Although global container demand did improve in 2017, overcapacity is expected to remain in the range of 6% to 9% in 2020.

MOL, NCC form capital and business alliance

Tokyo-based MOL and compatriot Nippon Concept Corporation announced the conclusion of a capital and business alliance agreement, with the objective of developing a comprehensive two-way strategic partnership including both partners’ group companies, and steadily enhancing their businesses.

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