Containers
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Weekly Broker: Strengthening dry bulk scene attracts buyers
It has been a strong week for the bulker S&P market with ample completed transactions as the dry bulk chartering…
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K Line to slash fleet to stem red ink
Kawasaki Kisen Kaisha (K Line) is taking drastic action as it fights to contain red ink stemming from the effects…
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Hapag-Lloyd appoints former Maersk executive into senior role
Hamburg-based global liner Hapag-Lloyd has appointed Anders Boenaes, a former executive of Maersk, as the company’s new senior managing director…
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Huang Xiaowen back as CEO at OOIL
Cosco is shuffling top management at subsidiary OOIL once again. The new line-up sees a familiar face in the form…
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Evergreen joins the Ship Recycling Transparency Initiative
Taiwan’s Evergreen Marine Corporation has become a signatory to the Ship Recycling Transparency Initiative (SRTI) to improve the sustainable lifecycle…
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Rates to the US west coast hit records, leaving analysts puzzled
Analysts are at a loss to explain at how when the US has just recorded a 32.9% drop in quarterly…
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Emergence of a three-tiered structure among top global carriers
During the pandemic the sizes of the fleets of the top four carriers have bunched closer together, while the next…
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Capital Product Partners secures new charter contracts
Greek owner Capital Product Partners has recently secures new contracts and extensions for five vessels in its fleet. The partnership…
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Liners wary as rates come under pressure with tonnage being reintroduced fast
The inactive containership fleet fell to 313 ships – equivalent to around 1,555,959 teu as of 20 July, representing 6.6%…
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Boxship orderbook-to-fleet ratio ducks below 10% for the first time this century
The global containership orderbook, seen as a percentage of the world fleet, has dropped to its lowest level in more…
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New African shipping line launches first service
Djibouti Shipping Company, a new feeder line based in East Africa, has launched earlier this month its first container service.…
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Weekly Broker: Dry bulk bottoms out
Dry bulk looks like it has finally bottomed out this week, but owners have been slow to follow up with…
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Splash Extra: US antitrust authorities probe liners’ blanked sailings tactics
American antitrust authorities are keeping a close eye on the actions of liner companies this year with another collusion investigation…
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PIL wins interim funding from Temasek unit
Embattled Pacific International Lines (PIL) has won interim funding from a unit of Singapore’s sovereign wealth fund, Temasek Holdings, to…
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China Merchants and AVIC Trust to support Antong Holdings restructuring
Financially troubled domestic container shipping operator Antong Holdings is expected to receive financially support from both China Merchants Port Holdings…
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Maersk Flow debuts
Soren Skou has revealed his next step in making his company shipping’s answer to FedEx. A.P. Moller – Maersk today…
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DP World takes over Korean NVOCC Unico Logistics
Dubai-based ports giant DP World continues its push to becoming an end-to-end supply chain logistics player with the acquisition of a…
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Lomar’s CEO dies, aged 56
Achim Boehme, the CEO of Lomar Shipping, died from cancer over the weekend, aged 56, at his home in Bremen.…
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Sinokor adds boxship quartet at Huangpu Wenchong
South Korean owner Sinokor has returned to CSSC-affiliated Huangpu Wenchong Shipbuilding to order four 1,100 teu feeder boxships, according to…
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Seaspan splashes $146m on 13,000 teu boxship pair
Seaspan Corporation has sealed an agreement to acquire a pair of 13,000 teu containerships for around $146m in cash. The two…
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