Containers
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Seoul extends state aid to more local lines
Fresh from lavishing national flagship HMM with $5.4bn in state funds, newly incorporated Korea Ocean Business Corp has set aside…
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Nissen Kaiun contracts four boxships at Tsuneishi Zhoushan
Japan’s Nissen Kaiun has gone to China for a series of boxship orders. No price has been revealed for the…
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Skou vows to return Maersk to former financial glory days
In an interview with Danish finance newspaper Berlingske Business, Søren Skou, group CEO of AP Moller-Maersk, has vowed to get…
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Fears grow oil will wash ashore from Med collision
French and Italian authorities have worked hard to contain a big spill in the Mediterranean, however the oil is spreading…
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Hapag-Lloyd details sulphur cap surcharge
German shipping line Hapag-Lloyd has announced that it will introduce a sulphur surcharge mechanism in preparation for the upcoming IMO…
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Containerships adds two more LNG-powered boxships at Huangpu Wenchong
Finnish shipowner Containerships has signed a preliminary agreement with China’s CSSC-affiliated Huangpu Wenchong Shipbuilding for the construction of an additional…
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Fight to contain big spill in the Med
Italian and French experts are on the scene in the Mediterranean fighting a major oil spill. Two cargo ships collided…
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UN warns on risks of container consolidation
Data from the United Nations Conference on Trade and Development (UNCTAD) shows seaborne trade expanded by a healthy 4% in…
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IRISL reaches out to China ahead of sanctions
Ahead of sanctions due next month, Iran’s top line IRISL has set up a Chinese joint venture line. Newcomer Reach…
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Global Feeder Shipping takes over Simatech’s container services
Alphaliner is reporting that the liner operations of Dubai-based Simatech have been taken over by a new Dubai-based company, Global…
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Costamare boxship scrapped for $502 per ldt
Costamare has netted a very strong $502 per ldt in offloading a 20-year-old, 3,842 teu boxship to Indian breakers. The…
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Cosco tipped to buy Singamas
Pacific International Lines (PIL) has got an old friend to come in and buy its shares in subsidiary Singamas, the…
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HMM signs off on mega boxship project
Today South Korea’s flagship line HMM signed formal contracts for its 20 mega containerships with three the nation’s top three…
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NileDutch takes its largest ship to date
African box specialist NileDutch has taken in its largest containership in its 20-year history. Alphaliner reports that the Rotterdam-headquartered line…
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ZIM extends relationship with MSC
Fresh from forging a landmark alliance this month with 2M partners Maersk and MSC on routes from Asia to the…
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Weekly Broker: Tankers lead the way as markets light up
Three weeks later than we had predicted the S&P scene finally lit up in the past few days, led by…
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IMO 2020: Who will get the bill?
Andy Lane from CTI Consultancy reflects on how liners ought to charge for the sulphur cap. That shirt you’re wearing…
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Post-Honam fire, Maersk rings the changes on stowing dangerous goods
After a thorough review of current safety practices and policies in the stowage of dangerous cargo, Maersk has now completed…
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MSC and CMA CGM follow Maersk’s lead in readying sulphur cap surcharges
Having let Maersk take the brunt of shippers’ ire for the past week, the world’s second and third largest container…
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SM Line to buy into Vinalines
SM Line, the new container player from South Korea, is in discussions to buy a 5% or 6% stake in…
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