V.Group Names Kofod-Olsen as CEO
Ship management and marine support services giant V.Group said on Wednesday it has appointed René Kofod-Olsen as the company’s chief executive officer, taking over from Graham Westgarth who will become chairman. Kofod-Olsen will join V. Group on November 1.Kofod-Olsen brings to the role almost three decades of global shipping industry experience. In 2012 he was appointed CEO of Topaz Energy & Marine, a position he held until the company’s successful divestment in 2019. Earlier in his career he worked for the A.P.
CMA CGM Suspects Data Breach from Cyber Attack
CMA CGM suspects a cyber attack affecting its servers led to a data breach, the global shipping line said on Wednesday as it continued to restore online services."We suspect a data breach and are doing everything possible to assess its potential volume and nature," it said in a statement.CMA CGM, the world's fourth-largest container shipping company, first reported the incident on Monday, saying it had shut down access to its online services after malware targeted its peripheral servers.The group's e-business website remained unavailable, with customers directed to alternative channels, but ba
“It’s my dream job”: One-on-one with Søren Andersen, CEO, StormGeo
When Søren Andersen took the helm at StormGeo in September 2019, it was the self-confessed “dream job” for the 23-year shipping industry veteran. Andersen came with leadership experience from the likes of A.P. Møller – Maersk, APL, and Rickmers, among others, bringing to StormGeo inside experience on how ship owners can modernize practices and procedures to quantifiably cut emissions and fuel costs.“What I saw in StormGeo was a company with the opportunity to enrich the shipping industry…
Maersk to Ship Cargo Between UAE and Israel
Danish shipping giant Maersk said it will now transport ocean cargo between the United Arab Emirates and Israel, a further sign of business opening up after the two countries established full ties.Earlier this month Israel and the UAE signed an historic agreement to normalize relations, marking a big development in economic collaboration and ending a ban on trade between the Gulf Arab state and Israel.“We have opened up cargo acceptance between UAE and Israel following the lifting of the boycott,” a Maersk spokesman said.Maersk, the world’s number one container line, said any trade would be fo
Maersk Training Launches Training Management App
Maersk Training in the UK announced the launch of its upgraded Training Management Solution (TMS) with the aim to improve the training management for companies dealing with fewer headcount and remote working, amid the coronavirus pandemic.The software is divided into two parts, a mobile app aimed at delegates and a web-based application for the administrators and training facilitators. The mobile app provides a full overview of the employee’s individual training requirements, from training due to expire to current courses due to be completed…
Port of Baltimore Sets Cargo Moves Record
The Helen Delich Bentley Port of Baltimore’s Seagirt Marine Terminal topped its record for most container moves from a single ship.The 5,536 container moves conducted by longshore workers handling the Maersk Edinburgh over three days was the largest number of moves for a single ship in the port’s 314-year history, surging past the previous record of 5,181 moves set last year.“This record container activity is a significant milestone for the Port of Baltimore and a sign that the maritime shipping industry is coming back and fueling Maryland’s economic recovery,” said Governor Larry Hogan.
Maersk Expects Pre-COVID Container Demand in 2021
Shipping group Maersk on Wednesday issued full-year earnings guidance above its forecast at the beginning of the year and said it expects demand for moving containers at sea to return to pre-COVID levels in the first half of next year.The company's share price jumped more than 7% in early trade to an eight-month high, and has doubled in value since March, as cost cuts and the prospect of a global economic recovery outweighed the present impact of the coronavirus pandemic."Our expectation is that some time during the first half next year we will have volumes back at the level we had in 2019…
Maersk Tankers Hires Bisgaard as Chief Commercial Officer
Maersk Tankers announced it has appointed Eva Birgitte Bisgaard as its Chief Commercial Officer (CCO) effective October 1.Bisgaard will joining Maersk Tankers after 19 years with the Danish Telco operator TDC, during which time she held a wide range of senior management positions. For the past three years, she was Senior Vice President of the consumer unit YouSee. Previously, she held commercial vice president positions in the company’s business-to-business divisions.At Maersk Tankers, Bisgaard will spearhead the company’s commercial engagement with partners and customers.
Mahoney Named President and CEO of Westwood Shipping Lines
Longtime Maersk executive Jack Mahoney has been named president and CEO of Westwood Shipping Lines, Inc., a Puyallup, Wash. based independent conbulk liner carrier in the north Transpacific trade. He succeeds Guy Stephenson who is retiring after 13 years in the role. Stephenson will continue in a support role as Executive Advisor/General Counsel.Mahoney’s recent posts with Maersk include three years as President of Maersk in Canada and, more recently, he has been Vice President of the Automotive Industry in Florham Park…
Svitzer Announces Leadership Changes
Towage operator Svitzer announced Monday that effective September 1, 2020, Lise Demant will leave her role as global chief commercial officer and take up the position of managing director for Svitzer’s Europe region, succeeding Kasper Friis Nilaus, who was recently appointed CEO of Svitzer A/S. Also effective September 1, Videlina Georgieva will succeed Demant as global CCO and enter Svitzer’s global leadership team.Both Demant and Georgieva are based in Copenhagen and will report to Nilaus.Demant joined Svitzer in 2013 as chief operating officer in Svitzer Asia Pte Ltd.…
Containerships Sent to Tripoli to Maintain Lebanon Supply Lines
Leading container lines are diverting ships to Lebanon's smaller terminal of Tripoli after the devastating explosion at Beirut's port that killed 145 people also paralysed vital trade.Lebanon, which imports almost all it uses, relies on container ships to bring in everything from refrigerated food cargoes to clothing and other consumer goods.There is no firm date for Beirut port to re-open, and this is a strain on supply chains.Data from shipping intelligence platform MarineTraffic showed three container ships had arrived in Tripoli in the past 24 hours after being diverted from Beirut…
Container Losses in the Rolling Seas
Cargoes have come off ships at sea it seems like forever. Some years ago a ship suffered a casualty transiting the English Channel in a storm. Much of its cargo of lumber and other floating items washed ashore on the southwest English coast. Before the authorities could arrive, enterprising local residents gathered it up.Nowadays, the majority of non-bulk cargo is carried in containers. Container ships have gotten larger and are capable of carrying thousands and thousands of containers. The ships have greater length, greater breadth, and greater draft. They also have greater air draft.
StormGeo Names Sørensen COO of Its Shipping Division
Weather intelligence and decision support services provider StormGeo said it has appointed Kim Hedegaard Sørensen as the new Chief Operating Officer for its shipping division effective immediately.Sørensen has an extensive portfolio of global C-level leadership positions in shipping and transportation, including CEO of Nordics Nagel-Group, Blue Water Shipping, and TransAtlantic Industrial Shipping. He also brings with him 17 years’ experience with Danish integrated shipping and container logistics company A.P.
Crowley Logistics Hires Bennett as SVP, GM
Crowley Maritime Corporation announced Brett Bennett will join the company August 3 as senior vice president and general manager of Crowley Logistics, succeeding Steve Collar, who retired last month after a 43-year career with Crowley. He will report to Ray Fitzgerald, Crowley’s chief operating officer, and work from the corporate headquarters in Jacksonville, Fla.Bennett comes to Crowley from Wallenius Wilhelmsen Solutions where he served as senior vice president and head of global terminals and stevedoring.
Denmark to Allow Crew Changes
Denmark will allow merchant sailors stranded on the high seas since the outbreak of the coronavirus to come ashore and be reunited with their friends and families, the Business Ministry said on Monday.Since the outbreak of the coronavirus, 200,000 seafarers have been stranded on merchant ships, some for more than a year, because travel restrictions have made it almost impossible to rotate crews."While many Danes have used the corona crisis to spend more time with the family, many Danish sailors have had to do without family and friends for much longer than usual…
Maritime Cyber Attacks Increase 900%
Cyber-attacks on the maritime industry’s operational technology (OT) systems have increased by 900% over the last three years with the number of reported incidents set to reach record volumes by year end.Addressing port and terminal operators during an online forum last week, Robert Rizika, Naval Dome’s Boston-based Head of North American Operations, explained that in 2017 there were 50 significant OT hacks reported, increasing to 120 in 2018 and more than 310 last year. He said this year is looking like it will end with more than 500 major cyber security breaches…
Chinese Ports Hit Capacity as Virus Tests Slow Clearing
Testing of imported foods for the new coronavirus is pushing capacity at some major Chinese ports to their limit, major shippers told customers this week, warning of additional fees and possible diversions to other ports.China stepped up inspections of imported food last month after an outbreak of the coronavirus among people working at and visiting a major food market in Beijing."Import container pick-up activities have been severely impacted and as a result reefer plugs are highly utilized especially at the port of Yantian and Ningbo," said German shipping firm Hapag-Lloyd in a customer noti
SMM 2021: Plotting a Course Forward for the Global Maritime Community
As the maritime world collectively feels its way forward in a time now defined by the COVID-19 pandemic, the organizers of the SMM in Hamburg, traditionally the world's largest and most influential maritime and shipbuilding trade event, share market overview insights on the economic consequences of the coronavirus pandemic throughout the the shipping industry.The Covid-19 pandemic has turned the world economy on its head. “The recession this year will likely be more severe, and recovery in 2021 will be slower than we anticipated two months ago…
Desperate Times for Sailors Stranded by Pandemic
Jens Boysen disembarked one of the world’s largest container ships on Thursday after 167 days at sea when he has acted not only as captain but also as doctor, dentist, mental coach and entertainment director for his stressed-out crew.Almost 200,000 seafarers like Boysen are stuck onboard merchant ships, some for more than a year, because coronavirus travel restrictions make it almost impossible to rotate crews, according to the U.N.’s International Maritime Organization (IMO).The crews…
Maersk Acquires Customs Broker KGH
Maersk said on Monday it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.6 billion Swedish crowns ($281 million), as the container shipping group seeks to expand its end-to-end logistics services.Maersk since 2016 has sold its oil and gas business and focussed on its container and logistics business for customers including Walmart and Nike.It handles about one in five containers shipped by sea worldwide and is seeking to speed up investments in in-land logistics services.Last year…
Will Container Shipping Woes of the 2010s Repeat?
Reduced volumes are currently posing a major challenge to container shipping due to the COVID-19 crisis. So far, freight rates have been held up by the massive blanking of sailings that carriers have put in place.However, even before this crisis, the container shipping industry was saddled with overcapacity carried over from the previous decade, a problem that will rise again due to the demand fallout from the COVID-19 pandemic.To understand the challenges that the container shipping market will face in the coming years…
Svitzer Europe Names Karlsen COO
Kasper Karlsen, Senior Director at Maersk Drilling, will join Svitzer Europe as Chief Operating Officer from 1 July 2020, the company has announced today.Karlsen joins Svitzer Europe as COO after nearly 13 years with Maersk Drilling, where he has held a variety of leadership roles spanning the organization’s operational, technical and support functions. He was recently Head of Transformation Office and Customer Solutions at Maersk Drilling. Karlsen holds a Master's Degree from the Technical University of Denmark in Naval Architecture and Marine Engineering…
Maersk Says Q2 Demand Beat Expectations
Brandes to Lead Port of Oakland
Longtime shipping industry executive Bryan Brandes has been named Maritime Director at the Port of Oakland. The port said today he was selected following a nationwide search. Brandes, a 25-year maritime veteran, replaces John Driscoll who left to manage the Alabama State Port Authority.Brandes will lead a staff of 20 responsible for one of the nation’s 10 largest container seaports. Oakland’s Maritime Director oversees everything from facilities management to real estate negotiations.“Bryan is coming in at a crucial time for us and we’re eager to put his skill and industry experience to work…
Port of LA Cargo Volume Down 30% in May
The coronavirus pandemic and ongoing U.S.-China trade tensions threaten the peak holiday shipping season for the Port of Los Angeles, which just suffered its slowest May in more than a decade, Executive Director Gene Seroka said on Wednesday.The busiest U.S. port and the No. 1 U.S. gateway for ocean trade with China logged its slowest May since the "Great Recession" of 2009.May volume fell 30% from last year after business shutdowns aimed at controlling COVID-19 infections and U.S.
CMA CGM Sees Shipping Bottoming Out in Q2
CMA CGM expects activity in the shipping sector to bottom out during the second quarter as countries emerge from coronavirus-related lockdowns and ship operators adjust capacity, the France-based group's finance chief said.The world's fourth-largest container shipping line had anticipated a 15% year-on-year drop in its volumes in the second quarter, after a 4.6% decline in the first quarter, Chief Financial Officer Michel Sirat said."I think that the second quarter will be the low point," he told Reuters by telephone.