Containers
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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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Hapag-Lloyd puts megamax orders on ice
Hamburg-based Hapag-Lloyd has put its 23,000 teu newbuild plans on ice as the liner faces up to the realities of…
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Redundancies at Eimskip
Icelandic liner Eimskip has outlined staff cuts as it fights a falling trade picture. The company revealed yesterday 54 staff are…
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MSC deal with Messina to be postponed for a second time
Closing of a deal which will make MSC a 49% shareholder of Messina Group will be postponed again since the…
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