Containers
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Yangpu Sinowell Shipping crisis escalates, operations suspended
Chinese domestic container shipping operator Yangpu Sinowell Shipping is now in deep financial trouble with the company’s shipping business suspended…
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Hanoi approves Vinalines IPO
The Vietnamese government has approved the IPO plans of state-run Vietnam National Shipping Lines (Vinalines) as part of its efforts…
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Ocean Network Express shifts from road to rail in the UK
Japan’s newly formed container shipping company, Ocean Network Express (ONE) and Freightliner, a subsidiary of Genesee & Wyoming (G&W), have…
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Cosco’s huge swathe of boxships still to deliver this year puts liners on edge
Amid declining freight rates and red ink for the world’s carriers attention is being turned to the huge volume of…
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Cosco offers US authorities Long Beach terminal solution to solve OOCL takeover
The Wall Street Journal is reporting China’s state-run shipping giant Cosco has offered a solution to American authorities to ease…
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Weekly Broker: Sun shines on ship deals ahead of the summer break
Following two weeks of comparatively low activity levels, the secondhand dry bulk sale and purchase market bounced back in recent…
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Danaos seals $2.2bn debt refinancing
New York-listed Greek containership owner Danaos Corporation has sealed a refinancing agreement with lenders holding around $2.2bn of debt maturing…
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CMA CGM adding 19 vessels to its fleet with acquisition of Containerships
CMA CGM has reached an agreement with Finland’s Container Finance to acquire containership owner and logistics firm Containerships. CMA CGM…
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HMM denies it is preparing for life without Maersk and MSC
January 1, 2020 marks a date creating headaches for shipowners around the world as they gear up for the introduction…
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Should HMM stay or go?
On March 16 2017, Hyundai Merchant Marine (HMM) inked a three-year strategic cooperation agreement with Maersk and MSC’s 2M alliance.…
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Newcastlemax smashes into Evergreen boxship at Kaohsiung
A newcastlemax bulker operated by Taiwan’s China Steel Corporation collided with an Evergreen containership at Kaohsiung port yesterday. Video footage…
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Malaysian domestic liner orders feeders in China
Domestic Malaysian containerline MTT Shipping has tapped Fujian Mawei in China for a series of feeder ships. Brokers report MTT…
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Maersk rings the changes, operating capacity dips for the first time this decade
Heeding the words of its group CEO, Maersk Line, the world’s largest containerline, is making sweeping changes to its service…
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Are we nearing peak container?
The TT Club and McKinsey have recently issued an 80-page report looking at how the container business might develop through…
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Navios Containers takes up to nine more boxships, files for IPO
Angeliki Frangou’s Navios Maritime Containers has sealed deals to add five boxships to its fleet for a total of $246m,…
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How to approach the rebound in container vessel owner values
In January I wrote for Splash on Pacific Basin valuation approaches. Bulk has been in a rebounding form from low-lows…
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Yangpu Sinowell Shipping dismisses bankruptcy rumours
Chinese domestic container shipping operator Yangpu Sinowell Shipping has issued a release denying it is in financial difficulties, after rumours…
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Maersk closes Chilean reefer factory
Maersk Container Industry is closing its reefer factory in San Antonio, Chile and moving all manufacturing to its facility in…
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Fire rips through Shreyas boxship off Kolkata
Containership suffered an explosion onboard while near Kolkata, India yesterday. The incident happened when the 1,118 teu vessel, operated by…
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Weekly Broker: Lighter Posidonia hangover a sign of the bargains on offer
The normal Posidonia hangover in the S&P markets has not been as keenly felt this year, a likely sign that…
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