Containers
-
Rodolphe Saadé urges for supply chain rethink post-coronavirus
Rodolphe Saadé has issued a video on the CMA CGM website outlining his vision of a more equitable and resilient…
Read More » -
MSC admits malware attack
Mediterranean Shipping Company (MSC) has admitted it was hit by a malware resulting in much of its IT infrastructure going…
Read More » -
Weekly Broker: Global Lockdown puts a clamp on sales
The Global Lockdown – as the International Monetary Fund has termed this year’s recession – has also put the brakes…
Read More » -
Liner bankruptcy potential spreads in step with the coronavirus
A major liner bankruptcy in the coming months is on the cards according to the main carriers’ Altman Z-scores. The…
Read More » -
Great Lockdown set to be worst recession since the Great Depression: IMF
The International Monetary Fund (IMF) has warned the recession sparked by the coronavirus is on track to be the worst…
Read More » -
Two horsemen of the apocalypse
It’s too late to buy that VLCC. It’s far too late to sell anything, but you might want to try…
Read More » -
MSC site back up
Mediterranean Shipping Company’s (MSC) website is back up as is its booking site, MyMSC, after more than five days of…
Read More » -
Nasty, brutish, but short; shipping must navigate gaping downside risks to avoid a great depression
A rapid market recovery is dependent on the success of policy responses and failure could be disaster, writes James Frew…
Read More » -
MSC battles to keep freight moving as network outage stretches into fourth day
As Monday’s Daily Splash newsletter readied to publish (free sign up via this link) the website of the world’s second…
Read More » -
PIL takes to WeChat to refute bankruptcy rumours
Amid bankruptcy chatter swirling around China, Pacific International Lines (PIL), the world’s tenth largest container carrier, took to Chinese social…
Read More » -
Japanese boxship runs aground near Ho Chi Minh City
The 2017-built 1,707 teu containership ran aground near Ho Chi Minh City late last week. The incident happened not long…
Read More » -
MSC website down, carrier admits it might have been hit by malware
Seventeen hours after its IT system went down Geneva-based Mediterranean Shipping Company (MSC) finally said this afternoon that it might…
Read More » -
CMA CGM details delay in transit global offering
CMA CGM, the world’s fourth largest containerline, has outlined details of its new business continuity pack, a range of solutions…
Read More » -
Under pressure PIL misses another charter payment
Splash has learnt troubled Singaporean liner Pacific International Lines (PIL) has missed another charter payment, but the company remains adamant…
Read More » -
WTO predicts world trade could fall by up to 32%
A report published yesterday by the World Trade Organisation (WTO) says that world trade is expected to fall by up…
Read More » -
Inactive boxship fleet to surpass 3m teu for the first time
The sudden massive volume of blanked sailings announced in recent days is set to create new records in terms of…
Read More » -
Busan berth will be offline for months after boxship prang takes out multiple cranes
Officials at Busan New Port say that its seventh berth will be out of action for months as cleanup operations…
Read More » -
Rodolphe Saadé: May will be the worst month
Rodolphe Saadé, the CEO of CMA CGM, the world’s fourth largest containerline, is anticipating May will be the slowest month…
Read More » -
Japanese mega boxship slams into cranes at Busan New Port
Yet another gantry crane has been pulverised by a poorly berthed mega boxship. The Japanese controlled 13,900 teu , part…
Read More » -
Newbuild orders slide 55% in Q1
Confirmed newbuild orders in the first quarter of the year slumped 55% year-on-year with only 6.6m dwt ordered across the…
Read More »