Containers
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Insurance claims from ONE Apus box spill set to top $50m
The total insurance bill from the box spill this week is set to top $50m. More than 1,900 containers –…
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Asia – Europe spot rates up 200% year-on-year
Fridays, 4pm China time, are ringing in records for container shipping week in, week out. The weekly publishing of the…
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Danish Ship Finance discusses stranded assets and peak seaborne trade volumes in new report
Danish Ship Finance has released its latest shipping market review. The 69-slide presentation, led by Christopher Rex, has a strong…
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Insurers brace for big bill as ONE reveals 1,900 boxes lost at sea
Cargo insurers of the 14,000 teu are bracing for a big bill with Ocean Network Express (ONE) confirming that this…
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Growing taste for exotic fruits drives reefer trades
Growth in the reefer shipping trade this year has been largely driven by soaring demand for proteins into swine flu-ravaged…
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Soren Toft starts as CEO at MSC
Soren Toft starts today as CEO at the world’s second largest containerline, Geneva-based Mediterranean Shipping Company (MSC), nearly 13 months…
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Logistics giant DSV charters three MPPs amid super tight slot availability to launch Denmark – China route
The incredible tightness of available slots on almost all tradelanes has forced one of the world’s largest logistics operators to…
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Urgently needed empty containers are sitting at depots for 45 days on average
Global supply chains have been rocked in the last couple of months by the acute shortage of available empty containers,…
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ONE suffers another box spill on the transpacific
Ocean Network Express (ONE) has suffered another serious box spill on a stormy transpacific crossing. The Japanese liner has advised…
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Global Feeder Shipping linked to another boxship buy
Dubai-based Global Feeder Shipping (GFS) has added to its fleet with the acquisition of another containership, according to brokers. Both…
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Euroseas seals three new charter deals as Pittas converts loan to shares
Greek boxship owners Euroseas has announced two new charter deals and an extension, as well as the conversion of a…
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Technomar boxship refloated and heading for repairs
The boxship has been refloated and disentangled from the Iranian wreck it crashed into eight days ago. The 5,576 teu…
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Yara takes delivery of autonomous boxship Yara Birkeland
In one of this year’s most eagerly anticipated ship deliveries, Norwegian shipbuilder Vard has handed over the zero emissions autonomous…
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Antong Holdings secures $688m for restructuring
Financially troubled Chinese containership operator Antong Holdings has secured restructuring funds of RMB4.527bn ($688m) from investors. Fujian Zhaohang Logistics Management,…
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Rates shoot up 25% in just one week on Asia-Europe tradelane
As analysts have been predicting, spot rates on the Asia-Europe container tradelane shot up today, playing belated catch-up with the…
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India moves to regulate freight charges
India is updating merchant shipping regulations and has outlined plans to regulate freight charges. The draft Merchant Shipping Bill, posted…
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Global Feeder Shipping swoops for another Arkas boxship
Dubai-based Global Feeder Shipping (GFS) has announced the acquisition of 2003-built 2,681 teu boxship . The vessel was acquired from…
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Federal Maritime Commission widens liner probe, alliances scrutinised
The Federal Maritime Commission in Washington DC is widening its liner probe, determined to get a greater grasp on how…
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Weekly Broker: Dry bulk finally bottoms out
The secondhand bulk sale and purchase saw a fruitful week with a large number of ships changing hands with almost…
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Liners turn to multipurpose tonnage to plug gaps in charter market
Liners are having to seek out multipurpose (MPP) ships to cope with extraordinary demand and sky high rates across container…
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