Containers
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Global Ship Lease and Poseidon Containers to merge
London-based containership owner Global Ship Lease and Greek owner George Youroukos’ Poseidon Containers have entered into a merger agreement. The…
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11 crew kidnapped from German boxship off Nigeria
Over the weekend pirates boarded a Liberian flagged containership off the coast of Nigeria, seizing 11 crew including eight from…
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CMA CGM moves to acquire CEVA Logistics
French containerline CMA CGM has moved to buy out the remaining shares in CEVA Logistics. The Marseille-headquartered line already has…
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Are we looking at terminal infrastructure the wrong way around?
Tom Bebbington from consultancy Container Logic makes the case for flying boxes in and out of ports rather than using…
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Weekly Broker: Tanker bargain hunting
Q4 always tends to bring S&P deals out of the woodwork and 2018 is proving no exception with Greeks very…
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Holed boxship heads to Romania for repairs
The 5,000 teu is now en route to a ship repair yard in Constanta, Romania to fix a huge gash…
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CMA CGM the big winner from ONE’s transpacific fall
According to the latest eastbound transpacific liftings data analysed by Alphaliner, ONE, the new Japanese merged container liner, lost a…
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Houston court hands out prison sentences for container Ponzi scheme creators
Container Ponzi schemes are proliferating around the world. As a court in Munich grapples with one of Germany’s largest post-war…
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HMM introduces sulphur cap surcharge
South Korean shipping major HMM has become the latest shipping line to introduce a fuel surcharge, following in the footsteps…
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MPC Capital adds three more panamax boxships
Hamburg-based MPC Maritime Investments, a wholly-owned subsidiary of MPC Capital, has acquired three panamax-sized container vessels for $42m on behalf…
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Calls grow for HMM to merge with SM Line
Two of South Korea’s top containerlines must merge or risk becoming the next ‘Hanjin’, according to the vice chairman of…
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Del Monte squeezes an extra pair of reefer ships out of Huangpu Wenchong
Del Monte’s shipping division Network Shipping has extended its series of fully reefer containerships at Huangpu Wenchong in China to…
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Nikolas Pateras embarks on feeder buying frenzy
Nikolas Pateras and his 2015-founded Contships Management have embarked on a feeder buying frenzy. Pateras, an adept asset player who…
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Pilot in hot water over last year’s most watched shipping accident
The UK’s Marine Accident Incident Branch (MAIB) has released its report into one of the most high profile accidents of…
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More than 80,000 hit by German box leasing Ponzi scheme
The first creditors’ meeting concerning the insolvency of the German shipping container lessor P&R took place in Munich yesterday, in…
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Weekly Broker: Modern bulkers in high demand
The strong performance in the secondhand dry bulk sale and purchase market continues for yet another week, coupled with the…
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V.Group acquires Norddeutsche Reederei H. Schuldt
Shipmanagement giant V.Group continues its growth by acquisition strategy, signing a deal with Germany’s Norddeutsche Vermögen Group to acquire Norddeutsche…
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Drewry launches low sulphur fuel cost impact calculator for shippers
With shippers increasingly concerned about liners’ planned bunker surcharges ahead of the global sulphur cap consultancy Drewry has introduced a…
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Formosa Plastics pushes ahead with fleet clearout
Taiwanese conglomerate Formosa Plastics is having a fleet clearout with a host of different ship types put in the shop…
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ONE set for singularly awful first year with $600m loss
Carrier consolidation can prove tricky as evidenced today with news of a massive revision of projected earnings from Japan’s Ocean…
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