Containers
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FreightHub becomes Forto
Four-year-old Berlin-based FreightHub has rebranded to become Forto. The German company started out as a container booking platform and has…
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Liners enter ‘peak pandemic’ period
Copenhagen-based container analysis firm Sea-Intelligence has warned liners to brace for “peak pandemic impact” over the next month, starting today.…
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Container shipping capacity down 11% in April
New analysis conducted by Danish maritime intelligence company eeSea has revealed the quick drop in shipped container volumes brought about…
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New York terminal attempts to put an emergency restraining order on Maersk
Plans for Maersk and subsidiary Hamburg Sud to move to owned terminals in New York have kicked off a legal…
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Seoul hands out billions to yards and lines
The South Korean government will provide KRW1.25trn ($1.01bn) in emergency funding to the shipping industry, with $382m earmarked for flagship…
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South Korean president presides over the naming of the world’s largest boxship
The president of South Korea, Moon Jae-in, was on hand today at the Okpo shipyard of Daewoo Shipbuilding & Marine…
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APL bows out of Indian subcontinent, Middle East and Latin American trades
Within the next six weeks, APL, a shipping brand that dates back to 1848, will only serve the transpacific and…
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Clarksons warns seaborne trade could contract by 5% in 2020, the largest decline for over 35 years
Clarksons Research has published updated guidance on the potential shipping downside brought about by the spread of coronavirus, warning seaborne…
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Liner shipping faces up to be hit ‘disproportionally’ hard
Lars Jensen, one of the best known pundits in container shipping, is the latest big name to take the hot…
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Venice port boss hits out at carriers’ decision to focus on giant ships
A top name in the Italian ports sector has accused liners of creating their own downfall by concentrating on creating…
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Nigerian special forces deployed to free eight crew held hostage onboard boxship
Nigeria has dispatched a patrol boat with a detachment of special forces to try and resolve a hostage situation in…
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Captain of German boxship killed at Cartagena
Myo Tun Zaw, the 50 year-old captain of 2007-built containership , has been killed at the port of Cartagena. According…
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Rodolphe Saadé urges for supply chain rethink post-coronavirus
Rodolphe Saadé has issued a video on the CMA CGM website outlining his vision of a more equitable and resilient…
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MSC admits malware attack
Mediterranean Shipping Company (MSC) has admitted it was hit by a malware resulting in much of its IT infrastructure going…
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Weekly Broker: Global Lockdown puts a clamp on sales
The Global Lockdown – as the International Monetary Fund has termed this year’s recession – has also put the brakes…
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Liner bankruptcy potential spreads in step with the coronavirus
A major liner bankruptcy in the coming months is on the cards according to the main carriers’ Altman Z-scores. The…
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Great Lockdown set to be worst recession since the Great Depression: IMF
The International Monetary Fund (IMF) has warned the recession sparked by the coronavirus is on track to be the worst…
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Two horsemen of the apocalypse
It’s too late to buy that VLCC. It’s far too late to sell anything, but you might want to try…
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MSC site back up
Mediterranean Shipping Company’s (MSC) website is back up as is its booking site, MyMSC, after more than five days of…
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Nasty, brutish, but short; shipping must navigate gaping downside risks to avoid a great depression
A rapid market recovery is dependent on the success of policy responses and failure could be disaster, writes James Frew…
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