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Consolidation Cooking in European Short Sea Shipping

Bruce Barnard, Special Correspondent
Shipping lines on the busy North Sea and Baltic routes are jostling for position ahead of another round of consolidation as the private equity funds and buyout firms that rushed into the market during the boom days of easily available capital and debt finance and strong traffic growth are bowing out.
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News & Analysis

 
EU Agreement Targets Improved Inland Navigation
24 May 2013
The European Commission’s director-general for mobility and transport and the Central Commission for the Navigation of the Rhine’s secretary general sign agreement to improve inland navigation operations.
 
DFDS Loss Widens on Flat North European Cargo Markets
22 May 2013
Denmark’s DFDS reported its pre-tax loss in the seasonally weak first quarter widened to 118 million kroner ($ 20.5 million) from 98 million kroner ($17 million) a year earlier, as cargo traffic stalled on its key North Sea and Baltic shipping routes.
 
BG Freight Line Expands Intra-European Feeder Services
20 May 2013
BG Freight Line, the short sea specialist based in Rotterdam, the Netherlands, will increase the frequency of its services to Liverpool, England, in June.
 
Shreyas Shipping to Launch India Coastal Feeder
15 May 2013
Shreyas Shipping and Logistics announced plans to launch a coastal container service between West India and South India.
 
Samskip Multimodal Boosts Netherlands-UK Capacity
15 May 2013
Samskip Multimodal has increased capacity on short sea services connecting Rotterdam, the Netherlands, to Hull, U.K.
 
New York State’s Canal System Opens for the Season
10 May 2013
New York State’s 524-mile canal system opened for the season this week, welcoming commercial traffic and recreational boaters, Times Union reports.
 
Finnlines' Loss Widens As Economy Weakens
09 May 2013
Finnlines’ net loss almost doubled in the first quarter as Europe’s deepening economic downturn depressed cargo volumes on its North Sea and Baltic short sea routes.
 
Cosco, Hanjin, Yang Ming Partner on Russia-Finland Service
06 May 2013
Cosco, Hanjin Shipping and Yang Ming will launch a joint Russia-Finland service later this month.
 
DFDS Confirms Scandlines Bid
03 May 2013
DFDS confirmed today it has submitted a bid for Scandlines, the Danish-German ferry operator, which has been put up for sale by its private equity owners.
 
Seacor Reports Red Ink for First Quarter
30 Apr 2013
Seacor Holdings reported a net loss of $11.2 million in the first quarter of 2013, compared with a net income of $36.4 million in the first quarter of 2012.

Companies in the news

COSCO
DFDS
Finnlines
Grimaldi Group
Hanjin Shipping
Hapag-Lloyd
NYK Line
Port of Le Havre
Port of Oakland
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