Containers
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Mitsubishi HC Capital takes over container leasing company CAI International
Japan’s Mitsubishi HC Capital (MHC) has snapped up San Francisco-based container leasing company CAI International in a $1.1bn deal. The…
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Liner congestion spreads across the planet, 304 ships queuing for berth space
The ebb and flow of record global liner congestion is neatly encapsulated in two maps provided below from Seaexplorer, a…
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More than 600,000 teu impacted from Yantian fallout
Estimates suggest more than 600,000 teu has now been affected from the fallout of an outbreak of Covid-19 around Yantian…
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Monsoon must pass before X-Press Pearl wreck removal operation can get underway
X-Press Feeders, operators of the container ship fire-ravaged 2,700 teu , confirmed today that the wreck of the ship is…
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Global Ship Lease brings in another four boxships
London-headquartered containership owner Global Ship Lease (GSL) has sealed a deal to acquire four 5,470 teu panamax containerships for $148m.…
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MSC’s secondhand splurge over the past 10 months hits record 60 ships
Mediterranean Shipping Co’s stunning secondhand splurge has hit another milestone. The Soren Toft-led company has paid Eastern Pacific Shipping $42.5m…
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Congress discusses forcing liners to accept US export container bookings
American politicians are discussing taking drastic action to force global liners to take all US export container bookings. A Republican…
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HMM confirms cyber attack
South Korea’s HMM has become the latest liner to suffer a cyber attack. The company confirmed on Tuesday that it…
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Seaspan closes in on 20-boxship order in China
Seaspan Corporation is close to finalising orders in China for 20 boxships of around 7,000 teu, with deliveries set to…
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Navios Maritime Partners secures long-term charters for five boxships
Angeliki Frangou’s Navios Maritime Partners has entered into long-term time charter agreements for five boxships. The New York-listed firm has…
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Biden pressured to fix US port congestion issues
America’s National Retail Federation (NRF) yesterday asked president Joe Biden to step in and help fix port congestion as retailers…
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X-Press Pearl captain arrested
The Russian master of the fire-ravaged 2,700 teu was arrested yesterday and granted bail later in the day. Sri Lanka…
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SFL seals charter deal for newly acquired boxship pair
John Fredriksen’s SFL Corporation has sealed an agreement to acquire two 6,800 teu container vessels in combination with long-term charters…
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Home Depot charters in ship to battle supply chain pitfalls
The enormous strains felt by retailers in the US, struggling to get stock on their shelves, has taken an extraordinary…
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Records tumble for listed liners
Listed global carriers recorded a combined $16.2bn in operating profits in the first quarter this year, with seven of the…
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Two Chinese carriers launch transpacific services
With rates in record territory the size of a ship on the main east-west trade lanes is no longer a…
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Thailand dusts off national shipping line plans
Thailand is dusting off old plans to create a national flagship carrier. The Port Authority of Thailand (PAT) will conduct…
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Sri Lanka lodges $40m claim against X-Press Feeders
Sri Lankan authorities said over the weekend they will seek $40m in damages from the operator of the , a…
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More than 300 liners waiting for berth space, container congestion mapped globally
From Shekou to Seattle, Amsterdam to Auckland, containerships are backing up like never before in the 65-year history of the…
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Chief mate gets seven years in jail for smuggling $1.3bn worth of cocaine on MSC ship
The chief mate, Bosko Markovic, on the when it was arrested in Philadelphia in 2019 with a record haul of…
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