Containers
-
Hapag-Lloyd inks $500m financing agreement with Bank of Communications
German containerline Hapag-Lloyd has signed a strategic cooperation agreement with China’s Bank of Communications Financial Leasing (BOCOMFL). Under the agreement,…
Read More » -
Cosco takes OOCL, eyes CMA CGM
With a protracted deal for Hong Kong’s OOCL now done and dusted, Cosco Shipping is turning its attention to Marseille-based…
Read More » -
ONE appoints Jeremy Nixon as CEO, highest ranked foreigner in Japanese shipping history
Jeremy Nixon has become the highest ranked foreigner at any of the Japanese big three lines in a history that…
Read More » -
Vinalines gears up for IPO
Ahead of a long-planned IPO in December this year state-run Vinalines has audited and is now deemed to be worth…
Read More » -
Reflecting on the Tungs’ stunning sale of OOCL
Some stories in this shipping game are harder than others to remain objective about. The sale of Orient Overseas Container…
Read More » -
APL ship hits Kaohsiung berth
An APL containership hit a berth in Kaohsiung Port when it was leaving the port this morning, leading to damages…
Read More » -
Terminal operators allowing shippers to get away with murder
Shippers continue to put lives at risk by flouting cargo regulations. And they’ll carry on getting away with it as…
Read More » -
Japanese box shipping joint venture establishes corporate set-up
Six days later than planned Japan’s big three lines have managed to get both a holding and an operating company…
Read More » -
Maersk expects to get back to normal operations by early next week
Maersk has said it anticipates container shipments to be back to normal by early next week as it gets back…
Read More » -
Yildirim looks to sell its 24% stake in CMA CGM
Turkey’s Yildirim Holding has hired China Citic Bank Corp to sell its 24% stake in the world’s third largest containerline,…
Read More » -
FSL Trust issues ex-CEO Alan Hatton with writ of summons
Singapore shipping trust First Ship Lease Trust announced today that it has issued a writ of summons to its former…
Read More » -
The asset appreciation play has yet to leave port
The so-called ‘asset play’ investment strategy, buying low and selling high, is a well-known way of generating outstanding profits in…
Read More » -
PDZ sends arrested feeder boxship to scrap
Malaysian owner PDZ has sold 1993-built 700 teu container vessel for scrap. The vessel was arrested in January over unpaid…
Read More » -
MPC Container Ships acquires another boxship
MPC Container Ships has acquired the 2,742 teu vessel from Germany’s Ahrenkiel Steamship. Ahrenkiel Steamship will remain the technical shipmanager…
Read More » -
Study claims ships are becoming less efficient
Recent improvements in the design efficiency of new ships went into reverse last year, a new study claims. According to…
Read More » -
More owners flock to Hanseatic Unity
Hanseatic Unity, the fast emerging German chartering firm, continues to grow with news Leonhardt & Blumberg and Asiatic / Atlantic…
Read More » -
Japan’s big three insist box merger is still on track despite missing key deadline
While they continue to speak as one, Japan’s largest shipping companies have failed to meet a July 1 date set…
Read More » -
As Maersk gets back to work, shipping’s dire cyber security is laid bare
Maersk’s IT team worked throughout the weekend to get systems back on track for the company in the wake of…
Read More » -
CMA CGM sells off $817m stake in Los Angeles terminal
CMA CGM has signed a deal with EQT Infrastructure and its partner P5 Infrastructure to sell a 90% stake in…
Read More » -
Glickman succeeds Danieli at ZIM
Over the weekend Eli Glickman, 56, succeeded Rafi Danieli as CEO and president of Israeli carrier ZIM. Danieli had been…
Read More »