Containers
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Rodolphe Saadé backs UN call for green recovery aid
CMA CGM was among 155 companies — with a combined market capitalisation of over $2.4trn – to sign a statement…
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Carriers prepare to bid farewell to the old bill of lading
The Digital Container Shipping Association (DCSA), which features the IT expertise of the world’s top liners, is determined to consign…
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Danaos expands fleet with secondhand acquisitions
Greek containership owner Danaos Shipping has announced that the company entered into an agreement to acquire an 8,533 teu vessel,…
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Carriers are winning the freight rate battle
Hapag-Lloyd impressed analysts last week by keeping its full-year financial guidance despite the deleterious effects caused by Covid-19. Part of…
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Stopford’s worst-case scenario: sea trade declines 17% by 2024
SMM, the world’s largest shipping exhibition, held its regular press event curtain-raiser this week by Zoom with famous names in…
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Danish Ship Finance issues damning 80-page report on shipping prospects
In one of the most sobering shipping reports penned for a decade Danish Ship Finance has laid out how badly…
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Weekly Broker: Sales fade from view
The sale and purchase market has seen volumes shrink much further this past week. The distressed container and bulk shipping…
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Maersk CEO warns volumes could slide by up to a quarter in Q2
Søren Skou, the CEO of A.P. Moller – Maersk, the world’s largest containerline, has warned volumes handled by the carrier…
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CMA CGM secures $1.14bn loan and state guarantee
France’s CMA CGM, the world’s fourth largest containerline, has secured a state loan guarantee linked to the coronavirus crisis, with…
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Iranian boxship and Indonesian bulker grounded after collision in Singapore Strait
Iranian boxship and Indonesian-flagged bulker Samudra Sakti I both ran aground this morning near the island of Sambu, off Batam…
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Just one Greek newbuild order registered throughout April
Emblematic of the tough times ahead for shipbuilders, especially from South Korea and Japan, it has emerged that Greek owners,…
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Weekly Broker: Plunging volumes and asset prices
The prolonged uncertainties brought by the coronavirus have sent asset values in the sale and purchase market on a downward…
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X-Press Feeders appoints new CEO
Singapore-based feeder boxship operator X-Press Feeders has announced that Shmuel Yoskovitz has become the new CEO of the company. Yoskovitz…
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One on ONE with Jeremy Nixon
Jeremy Nixon, CEO of Ocean Network Express (ONE), the two-year-old Japanese container shipping giant, is the latest big name in…
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Slippage permeates through this year’s ship delivery schedule
Clarksons Research is reporting that the global newbuilding delivery schedule this year will see signifiant slippage. Globally, output in 2020…
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Mayday: Liners negotiate April but brace for incoming storm
Lessons learned from the global financial crisis have helped staunch losses for the world’s top liners who held firm in…
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Suez Canal drops fees to stem tide of ships heading via the Cape of Good Hope
The Suez Canal Authority has taken action to stem losing traffic amid a swathe of liners opting to travel via…
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International Transport Forum warns governments to be careful bailing out debt-laden carriers
The International Transport Forum (ITF), which works under the auspices of the Organisation for Economic Co-operation and Development (OECD) in…
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Weekly Broker: Vintage VLCCs dominate
The sale and purchase market in general continues be gloomy this past week especially the dry bulk market with April…
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Splash Extra: Chinese ship leasing feels the heat
The precarious state of many Chinese ship leasing houses – and their heavy exposure to the troubled aviation sector –…
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