Containers
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EU extends consortia block exemption regulation through to 2024
Container shipping companies are celebrating news that they will continue to be exempt from antitrust rules against anti-competitive agreements for…
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Three American carriers seek emergency tie-up
Three American lines are seeking an emergency tie-up to cope with the supply chain fallout brought about by the spread…
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HMM pays $25m into emergency fund ahead of joining THE Alliance next week
South Korean flagship HMM has deposited $25m into THE Alliance’s contingency fund ahead of its April 1 joining of the…
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ZIM promotes wider use of electronic bill of ladings during coronavirus outbreak
One of shipping’s most archaic practices is getting a shove thanks to tech developments and the coronavirus. Israeli carrier ZIM…
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Splash Extra: PCTCs head for the long-term car park
The perilous state of the under reported car carrier segment leads the March issue of Splash Extra with exclusive news…
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PIL forced to defend its late payments again
Pacific International Lines (PIL) has been forced once again today to insist its business can carry on despite further evidence…
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Chang Kuo-wei wins Evergreen succession war
A court in Taiwan has ruled Chang Kuo-wei, the youngest son of late Evergreen chairman Chang Yung-fa, is entitled to…
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Zhejiang Seaport Shipping orders feeder boxship pair at Yangfan Shipbuilding
Zhejiang Seaport Shipping has placed an order at Yangfan Shipbuilding for the construction of four 1,868 teu containerships. Delivery of…
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Maersk ditches full year earnings guidance citing coronavirus and a lack of visibility in box demand
A.P. Møller-Mærsk, viewed by many investors as a bellwether for shipping, has suspended its 2020 full year guidance over the…
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Hard-hit Italian owners seek 18-month standstill agreements with banks
Italy’s death toll surpassed China’s on Thursday and the national lockdown will have to be extended beyond the current end-date…
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Hanjin’s spectre looms again as liner outlook turns red
Ratings agency Moody’s has raised the spectre that liner shipping could be hit by another Hanjin Shipping style collapse. In…
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Weekly Broker: S&P takes sick leave
The S&P activities in all bulker, tanker and containership sectors have fallen this week as the impact of the coronavirus…
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Oman merges its main shipping line and shipyard
State-run ASYAD Group has decided to merge Oman Shipping Company (OSC) and Oman Drydock Company (ODC). “The integration further connects…
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UAE takes action against MSC over failure to adhere to new HSFO carriage ban
The MSC Joanna, a 9,200 teu boxship, has been banned from calling in UAE waters for a year and the…
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American and European ports suffer record low container equipment availability
Available containers at many major ports around the world outside of China stand at record lows, according to new data…
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Liners warned to brace for 17m teu drop in volumes this year
With cases of coronavirus outside China accelerating fast, container shipping experts are having to rethink the full scale potential drop…
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PIL offloads Pacific Direct Line to Neptune Pacific Line
Neptune Pacific Line (Neptune) has confimed the acquisition of Pacific Direct Line (PDL) from PDL’s parent company, Pacific International Lines…
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Claus Hemmingsen joins board of A.P. Moller Holding
A.P. Moller Holding, the parent company of the A.P. Moller Group, has appointed Claus Hemmingsen and Diane Greene as new…
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Ships waiting more than a month to offload boxes at Lagos
Extraordinary ongoing delays at ports in and around Lagos in Nigeria are forcing liners to deploy extra ships to the…
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Weekly Broker: Bulkers withdrawn from sale
Activities in the secondhand bulker S&P market scaled back this week with limited assets being put on the market for…
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