Containers
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Global Ship Lease secures $236m loan from Hayfin
London-based containership owner Global Ship Lease (GSL) has agreed a new $236.2m secured loan facility with Hayfin Capital Management, which…
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Sudden megamax buying binge sees boxship orderbook to fleet ratio nudge past 10%
A total of 25 giant megamax containerships were ordered in Q4 last year, nudging the boxship orderbook to fleet ratio…
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Bids readied to take Shipping Corporation of India private
A management buy-out of sorts is being mooted for India’s flagship carrier. According to the Hindu Business Line, around 400…
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Middle East shipping patterns change as Qatari standoff ends
Middle Eastern shipping patterns are set for change once again with news yesterday that the three-year diplomatic standoff between Qatar…
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Yang Ming sets up in France
Taiwanese shipping line Yang Ming Marine Transport has set up a new subsidiary with integrated shipping and logistics provider NAXCO Group in…
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European Commission urged to act amid record box freight rates
While many countries around the world have probed escalating freight rate prices in recent months, Europe remains quiet, much to…
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Evergreen in talks for mega boxship sale and leaseback deal
Taiwanese liner Evergreen is currently in negotiations with an unnamed third party for the sale and leaseback of two of…
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Navios Maritime Partners seals deal to take full ownership of Navios Containers
Angeliki Frangou’s Navios Maritime Partners (Navios Partners) has entered into a definitive merger agreement to acquire Navios Containers, having submitted…
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Ningbo Port to spin off Ningbo Ocean Shipping
China’s Ningbo Port has announced a plan to spin off its wholly-owned subsidiary Ningbo Ocean Shipping and list the company…
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ZIM issues prospectus ahead of New York listing
Israeli carrier ZIM, which has been privately held since 2004, has filed a prospectus ahead of an initial public offering…
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Which sectors will fare best and worst in 2021?
First we asked our readers, then a host of the world’s top shipping analysts. The runners and riders are identified…
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Evergreen boxship loses 36 containers in rough seas
Taiwanese containerline Evergreen Marine has announced that 36 containers have fallen off its 2014-built post-panamax vessel due to rough sea conditions.…
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Wan Hai acquires another boxship
Taiwanese liner Wan Hai’s buying spree continues with the acquisition of 2005-built 6,350 teu boxship from Greek owner Costamare. The…
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Yangzijiang secures orders for 24,000 teu boxship pair
Chinese shipbuilder Yangzijiang Shipbuilding has announced that it has secured a contract to build two 24,000 teu containerships. The order…
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Bocomm Leasing orders mega boxship quartet at CSSC yards, MSC widely tipped as charterers
Chinese leasing house Bank of Communications Financial Leasing (Bocomm Leasing) has entered into shipbuilding contracts with CSSC-affiliated China Shipbuilding Trading, Jiangnan Shipyard…
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South Korea to launch K-Alliance liner alliance
Five South Korean container shipping companies will team up on Southeast Asia services next year according to a request by…
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ONE clinches charter for six mega containerships
Japanese liner Ocean Network Express has signed a letter of intent with Shoei Kisen Kaisha for the charter of six…
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Maersk tops green liner poll, PIL in last place
Warsaw-based maritime and climate change organisation Gliese Foundation has crowned Maersk as the best global liner in terms of its…
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Boxship charter rates hit highs not seen since just before Lehman Brothers collapsed
Charter rates for box ships now stand at highs not seen since the summer before Lehman Brothers collapsed, according to…
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Weekly Broker: Iron ore prices hit the heights
The dry bulk sale and purchase market has seen another fruitful week, coupled with the rebound of average dry bulk…
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