Containers
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New York Shipping Exchange: One winner from the container crunch
One winner from the ongoing container crunch is the New York Shipping Exchange (NYSE), an oasis of relative market calm…
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Hamburg Süd appoints new CEO as Vespermann steps down
German shipping line Hamburg Süd has announced the appointment of Poul Hestbaek as its new CEO, replacing Arnt Vespermann who will leave…
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Songa Container fetches bumper price for post-panamax boxship
Arne Blystad’s Songa Container has announced the sale of 2013-built 4,957 teu post-panamax boxship . The vessel was sold for…
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Californian port congestion spreads north to Oakland
The chronic port congestion in California has spread north. Yesterday, Splash reported on a record-breaking 20 km queue, featuring 41…
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Zhonggu Logistics orders 10 boxships at Yangzijiang
Chinese domestic container shipping major Zhonggu Logistics has placed an order at Yangzijiang Shipbuilding for the construction of ten 4,600…
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Weekly Broker: Boxships in hot demand
The secondhand bulk S&P market has again seen a bullish week with plenty of en bloc deals completed despite a…
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California boxship queue sets new records
The extraordinary congestion seen at America’s main two west coast ports – now worse than the port lockout days of…
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Maersk Essen tipped for swift service reintroduction
Maersk has given clients hope their delayed shipments on the 13,100 teu may get to Los Angeles within a couple…
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MSC accelerates secondhand boxship buying spree
Swiss-headquartered containerline Mediterranean Shipping Company (MSC) continues to snap up boxships in the secondhand market according to Alphaliner, acquiring eight…
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MSC latest liner to suffer box spill in the Pacific
Cargo claims specialist WK Webster has details of yet another box spill in the north Pacific – the fifth reported…
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Evergreen goes on 20 mega boxship order spree
Evergreen is on an ordering charge. Its order book – already the biggest among all liners – is set to…
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Global Feeder Shipping acquires boxship from Bernhard Schulte
Dubai-based feeder boxship operator Global Feeder Shipping (GFS) has added further its fleet with the acquisition of 2006-built 2,741 teu…
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Costamare adds three boxships
Greek owner Costamare has revealed the acquisition of three secondhand containerships in its latest set of quarterly results. The company…
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Creditors back PIL restructuring in crucial vote
Creditors to struggling Singapore container line Pacific International Lines (PIL) today overwhelmingly approved a restructuring deal that involves a capital…
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Capital Product Partners moves for panamax boxship trio
Nasdaq-listed Capital Product Partners (CPLP) has agreed to acquire three 5,100 teu containerships from sponsor Capital Maritime & Trading for…
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Vietnam probes sky-high box rates
Vietnam has become the latest country to take liners to task for the current sky high container freight rate scene.…
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ZIM makes disappointing NYSE debut
The first shipping IPO in New York since 2015 disappointed yesterday, especially considering it was a container offering with liners…
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Battered Maersk Essen anchors off Lazaro Cardenas
The 13,100 teu , which lost around 750 boxes during a storm in the Pacific on January 16, has arrived…
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CU Lines orders Wenchong boxship pair
Fast-growing China United Lines (CU Lines) has placed orders at Guangzhou Wenchong Shipyard for two 1,930 teu vessels, according to…
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Weekly Broker: No let up in busy start to 2021
Dry bulk vessels continued to change hands at pace this week, despite the spot market showing some serious corrections. Several…
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