Containers
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CSSC Shipping seals sale and leaseback deal for two boxships
Hong Kong-listed CSSC Shipping, the leasing arm of China State Shipbuilding Corporation (CSSC), has announced that the company has entered…
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Liners rally to impose fines on misdeclared cargoes
Other container lines are taking action similar to Hapag-Lloyd’s decision to impose fines on shippers who have failed to declare…
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Peak season transpacific rates 25% off last year’s numbers
Transpacific box rates to the US West Coast are 25% below where they were this time last year, according to…
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UNCTAD data illustrates China’s maritime dominance
China’s dominance on the world maritime map has been illustrated once again with the release yesterday of new port data…
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Weekly Broker: First week of August consigns summer lull theory to history
The first week of August has proven once and for all that the old adage of the summer slowdown can…
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Simatech snaps up Borealis boxship
Christoph Toepfer-led Borealis Finance has completed its second containership sale this week, letting go of the 2006-built 2,824 teu .…
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Hapag-Lloyd to fine shippers $15,000 per box for any misdeclared hazardous cargoes
With misdeclared hazardous cargoes sparking many dangerous fires on boxships around the world, Germany’s top liner has taken severe action…
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Borealis sells boxship to Conbulk
Christoph Toepfer-led Borealis Finance has announced the sale of its 2005-built 2,478 teu containership for a price of $8m. Splash…
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China Navigation acquires new handy containership
Singapore’s China Navigation has announced that New Zealand-based subsidiary Pacifica Shipping has acquired a 1,700 teu ship for deployment on…
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Newbuild prices cool off
Newbuild prices have cooled off in the last fortnight as the volume of orders remains very low in the first…
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Cosco completes takeover of Singamas units
Cosco Shipping Financial Holdings, a unit of China Cosco Shipping Group, has completed the takeover of four container manufacturing subsidiaries…
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Antong Holdings chairman transfers voting right to proxy
Antong Holdings has announced that the company’s controlling shareholder and chairman Guo Dongze has transferred his 29.99% voting right to…
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Weekly Broker: July tops the charts for bulker sales
The sale and purchase market for secondhand bulkers saw a slight slowdown in the past week, while the chartering market…
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MSI: ‘Shipping has rarely faced such a combination of contradictory forces’
Shipping investment decisions are extraordinarily difficult today, according to the head of UK consultants, Maritime Strategies International (MSI). Unveiling a…
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350,000 teu of world boxship fleet in drydock for scrubber installations
The number of boxships withdrawing from service for scrubber installations has surged in recent weeks and is set to climb…
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Navios Maritime Containers refinances seven boxships
Navios Maritime Containers has revealed the refinancing of seven containerships as well as the conversion of a purchase obligation to…
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Mohammad Saeedi steps down at IRISL
Iran’s largest shipping line has a new boss after Mohammad Saeedi resigned yesterday from his role as managing director of…
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Weekly Broker: Bulker rush ahead of price rises
The strong momentum in the dry bulk shipping market continues to see plenty of tonnage change hands as investors rush…
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Maersk Honam rechristened and ready to sail
Seventeen months after a fire ripped through it, Maersk is set to send the 15,282 teu boxship Maersk Honam back…
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Gianluigi Aponte bets on ONE and Hapag-Lloyd merger
At the first annual meeting of the newly born Italian shipowner association, Assarmatori, the executive chairman of Mediterranean Shipping Company…
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