Maersk Frankfurt heads for open water as container fire subsides
Maersk Frankfurt, the newbuild box ship that suffered a possible electrical fault and subsequent container ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
There has been a lot of discussion over the past fortnight on Maersk’s decision to send its vessels to the Indian beaches of Alang and elsewhere in the subcontinent for scrapping. The world’s largest shipping line has found itself caught in a corporate social responsibility nightmare as it appeared to renege on its commitments not to sell its ships for scrap in the region – which is characterised by some of the worst working conditions in the world – while at the same time trying to restore a balance sheet decimated by the terrible shipping markets. Many carriers would simply ignore the clamour and continue the time-honoured shipping tradition of blank silence. So Maersk head of sustainability Annette Stube should be praised for this op-ed piece that explains the carrier’s position: “When we decided to collaborate with shipyards in India we were fully aware of the risk of being criticised for the yards not yet fully observing the rules.”
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