Containers
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Mixed bag good for brokers
All week we’re looking at prospects for 2017. Today, chief correspondent Jason Jiang goes through the various sectors. The year…
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Economou bolsters Danaos stake
George Economou continues to build his stock base in fellow Greek outfit Danaos Corporation. On Friday it was revealed Economou…
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K Line sues APL Logistics over false bankruptcy rumours
Kawasaki Kisen Kaisha (K Line) yesterday took APL Logistics to court in Tokyo, suing the company for falsely stating that…
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Boxship owners send record 700,000 slots for scrap in 2016
Latest statistics from brokers Braemar ACM show that container scrapping has accelerated dramatically in recent weeks with the 700,000 container…
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Ernst Russ builds up stake in troubled Marenave
Troubled German line Marenave Schiffahrts has been given breathing space until January 27 by its creditors. Marenave has also revealed…
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Will shipping prospects improve in 2017?
As the tumultuous 2016 draws to a close we’re asking readers whether next year will be any better for the…
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Gary Vogel joins Ship Finance International board
John Fredriksen’s Ship Finance International Limited has appointed Gary Vogel, the current chief executive of Eagle Bulk Shipping, to its…
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Noteholders reject Rickmers Trust restructuring
Rickmers Trust Management has revealed that holders of the trust’s S$100m 8.45% notes due next year have not agreed to…
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‘Compelling opportunity’: Gerry Wang explains Hanjin boxship quartet acquisition
Gerry Wang, ceo of Seaspan Corporation, has confirmed a Splash report carried a week ago, on the acquisition of four…
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ZIM unveils major restructuring of its global liner services
Israeli containerline ZIM has unveiled a major restructuring of its global liner services effective from next April, reflecting its independent…
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HMM boss outlines 2017 newbuild orders
At a quarterly briefing in Seoul yesterday Yoo Chang-Geun, president of Hyundai Merchant Marine (HMM), outlined plans to order up…
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At least five dead following MSC boxship collision off Peru
Five people are confirmed dead and another six missing after the 13,100 teu containership collided with a small passenger boat…
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PIL makes rare boxship order
Containership orders have been almost non-existent through 2016. Nevertheless, with less than a fortnight of the year to go, Splash…
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BC groups club together to provide some Xmas cheer for stranded Hanjin crew
Various bodies have clubbed together in British Columbia to try and make Christmas more bearable for 13 crewmembers stranded on…
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Euroseas adds to fleet, gets $1m investment from Pittas
Euroseas has acquired German-built 1,645 teu feeder containership from Tennenbaum Capital Partners, a Euroseas shareholder, for around 900,000 shares of…
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HMM eyes new ships
South Korea’s Hyundai Merchant Marine (HMM) has set up a team to start assessing where to place new ship orders…
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THE Alliance gets FMC approval
The Federal Maritime Commission in the US has now approved the creation of new container grouping THE Alliance after the…
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Korea Line reveals transpac routes
Korea Line Corporation (KLC), which became a surprise new entrant on the transpacific box trades last month, has revealed details…
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El Faro audio transcripts capture haunting final moments
Transcripts of audio from the bridge of the sunken cargo ship El Faro were released on Tuesday, revealing a growing…
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HMM paying ‘heavy price’ for 2M deal
Hyundai Merchant Marine (HMM) will pay a “heavy price” for access to the 2M services offered by Maersk and MSC,…
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