Containers
-
Container rate contagion spreads to Latin America
The latest spot rates published by the Shanghai Containerised Freight Index (SCFI) today show prices inching upwards on the main…
Read More » -
Maersk restructuring to affect one third of its staff
A huge restructuring at Maersk will affect one third of of the Danish conglomerate’s staff as it moves to integrate…
Read More » -
Liners bow to Beijing’s intervention and ease pricing on the transpacific as America issues warning
Major containership lines have adjusted their pricing on the transpacific after Chinese transport authorities intervened to curb the surging rates…
Read More » -
Weekly Broker: Activity across the board
The S&P market has experienced a fruitful week across all sectors with substantial volumes of vessels changing hands. “With regards…
Read More » -
Transport groups collaborate to improve container safety
Five international freight transport and cargo handling organisations are collaborating on the production of new guidance on packing standards for…
Read More » -
MSC’s secondhand splurge continues
Mediterranean Shipping Co (MSC) is busy scouring the market for secondhand tonnage. Brokers Braemar ACM link the Aponte family controlled…
Read More » -
Records tumble for box spot rates across the world
The remarkable bull-run seen in container spot rates is creating records across the seven seas, and spooking regulators. Analysts at…
Read More » -
Chinese authorities move to regulate transpacific pricing
Chinese transport authorities have intervened to regulate the record container freight rate surge seen on the transpacific. According to market…
Read More » -
PIL’s owned box fleet ducks below 80 with latest trio of sales
Under pressure Pacific International Lines (PIL) from Singapore continues to divest itself of tonnage to help pay bills. The SS…
Read More » -
Giant MSC boxship takes out crane at Valencia
A crane operator was injured yesterday when part of the arm of a crane fell into the waters of the…
Read More » -
TS Lines orders up to four boxships at Huangpu Wenchong
Taiwanese feeder boxship operator TS Lines has entered into shipbuilding contracts with Huangpu Wenchong Shipbuilding for the construction of up…
Read More » -
MSC acquires panamax boxship
Switzerland-based shipping line Mediterranean Shipping Company (MSC) has taken over a 2001-built panamax containership from UK owner Tufton Oceanic. VesselsValue…
Read More » -
MSC Gayane crewmember provides details about the largest cocaine bust in US history
A Montenegrin ship’s electrician pled guilty yesterday to narcotics conspiracy charges, becoming the third crewmember from the to admit their…
Read More » -
MSC seals deal to take 49% stake in Messina
MSC has finally taken a 49% stake in the Ignazio Mesina & C. shipping group, with the deal formally announced…
Read More » -
Liners strike out at EU’s green shipping plans
Washington-based container shipping lobbying group, the World Shipping Council (WSC), has published a paper highlighting serious concerns for maritime trade and…
Read More » -
Interasia Lines acquires two resale boxships at Zhoushan Changhong
Singapore-based regional boxship operator Interasia Lines has acquired two resale 1,756 teu boxships from China’s Zhoushan Changhong International Shipyard. The…
Read More » -
Weekly Broker: VLCCs bottom out
The sale and purchase market in both the dry and wet sectors had a dull week with no segment showing…
Read More » -
Disparity in earnings on transpacific and Asia-Europe hits historic highs
In arguably the strangest, most difficult to predict period in the 64-year history of containerisation, the disparity in rates on…
Read More » -
Hartnoll confirms talks to invest in TransLiner
Tim Hartnoll, the executive chairman of X-Press Feeders, part of the Sea Consortium group, has confirmed his family’s private equity…
Read More » -
X-Press Feeders denies TransLiner speculation
The next round of consolidation within the feeder space may not be happening quite as fast as reported. X-Press Feeders,…
Read More »