Containers
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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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Minsheng Financial Leasing snaps up five PIL boxships
Chinese financial leasing house Minsheng Financial Leasing has acquired five boxships from Singapore’s Pacific International Lines (PIL) in an en…
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HMM denies move to take over SM Line’s transpacific business
South Korea’s flag carrier HMM has denied rumours carried in the local press that the company is looking to take…
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The container conundrum
Santosh Patil tries to fathom how carriers managed to get into such an oversupplied situation. Having been a part of…
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MSC invests in real-time tracking of its containers
The head of Mediterranean Shipping Company (MSC), the world’s second largest containerline, has predicted real-time tracking of all boxes around…
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ONE and Hapag-Lloyd join forces on feeder trades
Two members of container grouping THE Alliance are joining forces for feeder operations in Asia and Europe. Japan’s Ocean Network…
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OOCL warns shippers must shoulder sulphur cap burden
Hong Kong’s Orient Overseas Container Line (OOCL), now part of Cosco, has outlined its sulphur cap plans, which will see…
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CMA CGM boxship runs into pier at Jawaharlal Nehru Port
CMA CGM’s newbuild 10,000 teu boxship hit a pier at the Jawaharlal Nehru Port in India on Saturday while it…
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Ropax finally separated from boxship off Corsica
A combination of wave activity and work by salvors finally managed last night to disentangle two ships that had collided…
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Harren & Partner sells Caribbean Feeder Services
Germany’s Harren & Partner Group has sold subsidiary Caribbean Feeder Services (CFS), a major feeder container shipping service provider in…
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Weekly Broker: Q4 off with a bang
Investors’ wait-and-see approach has finally transformed into action with a strong start in S&P action in the fourth quarter. Activity…
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Cleanup operations continue in the Mediterranean
Salvors are struggling to seperate the Tunisian ropax Ulysse, whose bulbous bow is firmly lodged in the side of the…
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Maersk leases oil storage space in Singapore
Maersk continues to get its 2020 global fuel supplies into shape. Having agreed to take a slice of Rotterdam port…
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Gianluigi Aponte blasts China as arrogant
Gianluigi Aponte, founder and chairman of the Geneva-based MSC group, has made clear he is not enamoured with China as…
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Maersk and Oaktree invest in digital freight broker
Loadsmart, a New York-headquartered digital freight broker, has raised $21.6m in series A funding led by Maersk Growth, Connor Capital…
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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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