Containers
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Navios Maritime Partners raising $100m for fleet growth
Navios Maritime Partners has agreed with investors to sell around 47.6 million common units in the master limited partnership for…
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FSL Trust firms up its financial position
Singapore shipping trust FSL Trust Management has announced that it will pay down its syndicated loan facility by $20 million…
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No longer a Seaspan bear
Container shipowners have been through a very rough patch. Danaos has been under a microscope among listed shares. And Seaspan…
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SITC acquires two boxships
Chinese containership operator SITC has acquired two 2,474 teu containerships – Kanaga Island and Elba Island – from US owner…
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IRISL eyes London listing
Islamic Republic of Iran Shipping Lines (IRISL) is eyeing a listing on the London Stock Exchange to help push through…
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INTTRA buys European box specialist
INTTRA, the ocean shipping electronic marketplace, has acquired Avantida, the European firm focused on empty container management for ocean carriers.…
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SM Group picked to take over STX Corp
A Samra Midas Group-led consortium was picked today as the preferred bidder for STX Corp. SM Group, best known as…
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Zhonggu Shipping boxship runs aground at Yingkou Port
A 2,480 teu feeder containership, , owned by Shanghai-based Zhonggu Shipping was stranded when it ran aground at Bayuquan port…
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Diana Containerships brings vessel out of lay-up for OOCL charter
Greek owner Diana Containerships is reactivating 2006-built post-panamax container vessel for a 13-month time charter contract with Hong Kong’s Orient…
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HSH Nordbank dismisses Rickmers Maritime’s latest restructuring plan
HSH Nordbank has thrown out the latest Rickmers Maritime restructuring proposal. However, the German bank, which is the largest senior…
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OOCL outlines battle plan for ‘turbulent times’
Orient Overseas (International) Limited (OOIL), the Hong Kong-listed parent of containerline OOCL, reported today its worst full year results since…
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CMA CGM says it has no immediate plans to order new ships, delays trio of deliveries
Announcing its full year results on Friday, France’s CMA CGM has said it has no immediate plans to order any…
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Lomar Shipping exercises options at Yangzijiang
UK owner Lomar Shipping has signed shipbuilding contracts with China’s Yangzijiang Shipbuilding for the construction of two 1,800 teu feeder…
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Vinalines signs service contracts with Vinacomin
The Vietnam National Shipping Lines (Vinalines) has signed a strategic co-operation agreement with Vietnam National Coal – Mineral Industries Holding…
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SM Line eyes US east coast and 10,000 teu ships
SM Line, the world’s newest container shipping company, has eyes on the US east coast. The South Korean offshoot of…
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ZIM finds a replacement for Rafi Danieli
Israeli container carrier has unveiled a new CEO to take over from stalwart Rafi Danieli. Eli Glickman, formerly head of…
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THE Alliance creates first liner emergency fund in the wake of Hanjin’s demise
With just over three weeks till kick off THE Alliance today announced its final network after all needed preparations have…
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SM Group in pole to buy STX
Samra Midas Group (SM Group), the fast emerging white knight among South Korea’s hard hit maritime industries, is being linked…
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Consolidation not enough to bring prosperity back to box shipping: AlixPartners
The outlook for global container carriers remains rocky at the outset of 2017, according to a new study by AlixPartners.…
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FMC eases contract rules to help shippers and clients
The US Federal Maritime Commission (FMC) has announced it is changings its rules regarding Service Contracts and NVOCC Service Arrangements,…
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