Containers
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Maersk dismisses Zim 2M link
Maersk Line has dismissed an Alphaliner report linking Israel’s Zim joining 2M as “rumours and speculation”. French box analysts Alphaliner…
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Seaspan acquires boxship pair for MSC
Seaspan Corporation has acquired two newbuild 11,000 teu vessels from Greater China Intermodal Investments (GCI) for a total of $195.6m.…
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HMM to meet shippers next month
In July Hyundai Merchant Marine (HMM) will kick off a series of meetings with its clients around the world designed…
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UASC shareholders approve merger with Hapag-Lloyd
United Arab Shipping Company (UASC) has announced that its six shareholding states has approved a merger deal with German container…
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Mission to recover El Faro’s VDR is postponed
The mission to recover the voyage data recorder (VDR) from sunken freighter El Faro has been postponed says the US…
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SITC restructures shipping subsidiaries
Hong Kong-listed SITC International Holdings has announced that New SITC Development, a wholly owned subsidiary of the company, has entered…
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EU reportedly set to drop carrier antitrust probe
Fifteen of the world’s leading container carriers are expected to dodge stiff fines as EU antitrust regulators drop a five-year…
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Hapag-Lloyd and UASC agree a merger
Container lines Hapag-Lloyd and United Arab Shipping Company (UASC) have agreed on the terms of a merger. All shares would…
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CMA CGM ready to delist NOL
CMA CGM has crossed the 90% ownership threshold in Singapore’s Neptune Orient Lines (NOL), the parent of boxline APL. Following…
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HMM granted extra time to get its finances in order
Struggling Hyundai Merchant Marine (HMM) has been handed another month’s breathing space by creditors to get its financial footing safely…
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South Korea rushes through stimulus package to help struggling shipbuilders
President Park Geun-hye today urged local politicians to ratify a stimulus package worth KRW20trn ($17bn), including KRW10trn in extra budget,…
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KDB hatches plan to keep Hanjin Shipping solvent
The Korea Development Bank (KDB) is in discussions with Hanjin Group to eek out a financial plan to give Hanjin…
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CMA CGM to make Kingston its hub for anticipated Panama Canal boom
French container giant CMA CGM is making Kingston Container Terminal in Jamaica its strategic hub for transshipment business anticipated from…
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Containerships secures financing from CSSC for eight boxships
Finnish company Containerships has signed a framework agreement with CSSC Shipping (Hong Kong) for the financing of up to eight…
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Ever Harvest Group to raise $17.1m for ship acquisitions
Hong Kong-listed Ever Harvest Group has announced that it plans to issue 350m new shares to raise up to HK$133m…
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Skou made CEO of Maersk Group
Mærsk Line’s CEO Søren Skou is to replace Nils S Andersen as the CEO of the AP Møller – Mærsk…
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Hyundai Merchant Marine in talks to join 2M
Embattled Korean line Hyundai Merchant Marine is in negotiations with Maersk and MSC to join their alliance, 2M. The news…
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Under fire KDB promises to cut shipping and shipbuilding exposure
South Korea’s policy lender Korea Development Bank (KDB) has today announced a series of reforms on the back of stinging…
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Bronson Hsieh appointed new Yang Ming chairman
Taiwanese shipping line Yang Ming Marine Transport has elected Bronson Hsieh, former vice chairman of Evergreen Group, as the new…
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‘Stand firm behind Hanjin Shipping right away,’ Gerry Wang tells Seoul
The founder of Seaspan has weighed into the ongoing maelstrom seen in Korean shipping telling Splash in an exclusive interview…
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