Containers
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HMM sets mid-March deadline for charter renegotiations
Hyundai Merchant Marine (HMM) has set a date of mid-March to renegotiate rates for its chartered-in fleet. A team is…
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‘Disrupt yourself or be disrupted’
Captain Anil Sharma from Tata Consultancy Services warns container carriers need to be aware of disruptive thinking coming their way.…
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No alliance changes yet for Cosco or China Shipping
No decision has yet been made on where the new Chinese mega carrier – China Cosco Shipping Corp (COSCOCS) –…
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E-mails cause objection, anger and regret on day four of El Faro hearing
A witness objected to one line of questioning and attempted to clarify a previously presented item of evidence on Friday’s…
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Chang Kuo-wei declares himself Evergreen boss amidst family power struggle
Taiwan’s EVA Airways has said internally yesterday that its chairman Chang Kuo-wei, the youngest son of the late Evergreen Group…
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Hurricane-hit El Faro’s wind speed gauge had not worked for months
The US Coast Guard’s investigation into the sinking of the El Faro heard yesterday that the anemometer, the ship’s wind…
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Hyundai Group chair spending $24m to prop up HMM
Hyundai Group chairwoman Hyun Jeong-eun will cough up around KRW30bn ($24.4m) of her own money in a bid to save…
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World’s largest shipping line unveiled in Shanghai
Shipping has a new acronym. COSCOCS is the abbreviated name for the brand new China Cosco Shipping Corporation – the…
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Evergreen denies new container alliance speculation
Taiwanese container giant Evergreen has denied it is in discussions to create a new container alliance. Yesterday, Splash reported that…
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Maersk consolidates ops across South America east coast
The world’s top container carrier, Maersk Line, is consolidating its operations in Brazil, Paraguay, Argentina and Uruguay in a bid…
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Captain of El Faro was ‘eminently qualified’, Coast Guard panel hears
Plaudits for the master of the sunken El Faro boxship were heard at a hearing into the disaster yesterday. Captain…
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Diana Containerships scraps a panamax
Diana Containerships has signed an agreement to sell its panamax boxship to an unnamed buyer for around $5.04m, minus commission.…
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Future of container alliances up in the air as CMA CGM and China Cosco Shipping plot new partnership
French container analysts Alphaliner report the Ocean 3 alliance is likely to be ripped apart. CMA CGM is in discussions…
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Hapag-Lloyd boxship stranded in Genoa with technical issues
15-year-old containership , operated by Hapag-Lloyd and owned by Season, has been left stranded in the port of Genoa Voltri…
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EC and carriers agree to ‘transparency’, general rate increases scrapped
Following its anti-trust probe, the European Commission (EC) has received commitments from 15 international container shipping lines to increase transparency…
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Standard & Poor’s issues negative outlook on shipping prospects
A 10-page report into shipping prospects for 2016 issued today by ratings agency Standard & Poor’s makes for grim reading.…
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Brokerage sale a boost for Hyundai Merchant Marine
In good news for struggling Hyundai Merchant Marine (HMM), it looks like a sister company will be sold to raise…
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APL Vanda latest mega containership to run aground
NOL’s 14,000 teu containership has run aground at Bramble Bank, off Cowes, while headed to Southampton from France’s Le Havre…
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Shipbreaking NGOs blast ‘hypocritical’ Maersk
Campaigners NGO Shipbreaking Platform and Transport and Environment (T&E) have criticised the Maersk Group’s plans to demolish its old vessels…
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Black day on the Nikkei sees Japan’s big three down more than a third in 2016
Stocks took another pummeling in Tokyo today, with once again shipping firms suffering the brunt of the bears. The Nikkei…
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