Containers
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Rickmers seeks to delist bond
As it initiates restructuring Germany’s Rickmers Holding has moved to delist its 2013/2018 bond in Frankfurt due next year. The five-year EUR275m bonds were launched…
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SITC adds one more and cements top 20 liner position
China’s SITC continues its rapid fleet build up, cementing its position as the nation’s largest private boxline. With the acquisition…
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Eimskip takes over Danish logistics company SHIP-LOG
Icelandic shipping firm Eimskip has strengthened its position in worldwide logistics services by acquiring a 75% stake of the freight…
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MPC Container Ships raises more cash for more ship acquisitions
MPC Container Ships, among the fastest growing boxship operators in the world, has raised new cash with an eye on…
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Philly Shipyard in talks for four Jones Act boxships
Philly Shipyard says it has initiated construction of up to four new containerships with deliveries in 2020 and 2021, and…
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CMA CGM reveals list of five start-ups it will support
French containerline CMA CGM has revealed the five start-ups it will invest in following a competition it has been running…
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Hapag-Lloyd deflects Qatar concerns, vows ‘smooth transition’ with UASC
German containerline Hapag-Lloyd has issued a statement today vowing that its integration with United Arab Shipping Co (UASC) is proceeding…
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Great Harvest Maeta denies boxships deal
Hong Kong-based bulk carrier operator Great Harvest Maeta has officially denied that the company has acquired two secondhand containerships. Alphaliner…
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Great Harvest Maeta enters container sector with double acquisition
Hong Kong-based bulk carrier operator Great Harvest Maeta has made its debut in the container shipping sector with the acquisition…
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Peter Döhle inks $200m financing deal with ICBC Financial Leasing
German owner Peter Döhle has signed a major financing deal with China’s ICBC Financial Leasing for its newbuildings at Chinese…
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Cyprus Maritime acquires panamax boxship from Cleaves
Greek owner Cyprus Maritime has acquired a 5,042 teu panamax containership from Cleaves Marine Finance of Norway, according to Alphaliner.…
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Dalian Trawind revealed as buyer of Diana panamax containership
Chinese containership operator Dalian Trawind has been revealed as the buyer of 3,739 teu containership from Diana Containerships. According to…
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Are ships set for shorter lifespans?
Chief correspondent Jason Jiang discusses how prevailing market sentiment are changing scrap options for owners. The continued pressures in the…
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Rickmers has not given up hope of surviving
Rickmers has not given up hope of survival. The famous German line, which filed for insolvency on Friday after key…
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Rickmers files for insolvency in largest shipping casualty since Hanjin
In the biggest shipping casualty since Hanjin, German shipping group Rickmers officially filed for insolvency on Thursday, in the wake…
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Hapag-Lloyd to let go of more than 1,300 staff
Hamburg-based Hapag-Lloyd has confirmed reports that 12% of its 11,000 land-based staff will be made redundant in the wake of…
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MPC Container Ships takes three more
MPC Container Ships is giving SM Line of South Korea a run for its money in terms of fleet build…
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Rickmers Group to file for insolvency after HSH Nordbank rejects restructuring deal
The board of beleaguered Rickmers Group says that HSH Nordbank has rejected the company’s plans for financial restructuring and also…
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K Line boss sweats on his job prospects
In just over three weeks Eizo Murakami, the boss of one of the world’s largest shipping lines, will learn of…
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Shipping companies idle as e-commerce players build the future
Every time we think of the most powerful e-commerce companies, what comes to mind are images of artificial intelligence (AI)…
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