gCaptain

1. TUI Completes Sale of Hapag-Lloyd Cruises to Joint Venture
   Germany-based TUI Group has completed the sale of its subsidiary Hapag-Lloyd Cruises to TUI Cruises, a joint venture which TUI has with Royal Caribbean. TUI Group agreed to the sale in February for an enterprise value estimated at 1.2 billion euros. All approvals including merger clearance by the EU commission have now been fulfilled. TUI […]
2. Seafarers Fear There’s No Plan to Get Them Off Ships
   By K. Oanh Ha, Krystal Chia and Claire Jiao (Bloomberg) — Like thousands of other seafarers, Karika Neethling wanted to get home as the coronavirus pandemic convulsed the cruise industry in March. Her anxiety grew more desperate when she learned she was pregnant. But for nearly three months, the 27-year-old South African was caught in […]
3. Japan to Develop Offshore Wind Farms at 30 Sites in 10 Years, Nikkei Says
   TOKYO, July 9 (Reuters) – Japan will craft new rules and support infrastructure in a drive that aims to build offshore wind farms at 30 sites during the next decade, the Nikkei business daily said on Thursday. Industry Minister Hiroshi Kajiyama is expected to announce policy measures soon to target the goal, the paper said, […]
4. Actual Number of Containers Lost at Sea Falling, Study Shows
   The global container shipping industry continues to see a declining trend in the number of containers lost at sea each year. The World Shipping Council (WSC) on Wednesday released an update to its survey that provides the industry with its best estimate on the number of actual containers lost at sea. WSC undertook the first […]
5. Carriers Accused of ‘Profiteering from the Crisis’ Get Benefit of the Doubt for Now
   By Mike Wackett (The Loadstar) – After better-than-expected first-quarter results, ocean carriers have upgraded their financial guidance, despite the impact of the pandemic. However, they are being accused in some industry circles of “profiteering from the crisis”. Container spot rates have soared on the major tradelanes as aggressive carrier capacity management strategies have kept space […]