Containers
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HMM setback as Korea Line wins latest Hanjin bid
In another setback to Hyundai Merchant Marine’s (HMM) plans to bolster its fleet by picking up parts of the defunct…
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X-Press Feeders boxship runs aground in Rotterdam
A 868 teu containership owned by Singapore’s X-Press Feeders ran aground in Rotterdam yesterday morning around 7:30am local time. The…
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Pakistani PM inaugurates China-Pakistan Economic Corridor
Pakistan’s prime minister Nawaz Sharif was on hand yesterday to inaugurate a trade route linking southwestern Gwadar port to the…
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HMM and Korea Line vie for Hanjin’s US assets
It’s come down to a straight shot between Hyundai Merchant Marine (HMM) and Korea Line Corp for the assets of…
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Hanjin readies further layoffs as liquidation rumours grow
Hanjin Shipping has handed 560 crew redundancy notices effective December 10 with the remaining 2,000 crew linked to the Korean…
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Maersk’s latest EEEs larger than reported at more than 20,000 teu each
“The only way to tell the real capacity of a Maersk ship is to count the boxes on their Christmas…
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Noteholders fail to agree Rickmers Trust Management’s restructuring plans
Embattled Rickmers Trust Management (RTM) suffered another reversal today in Singapore with noteholders today failing to agree to pass an…
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Board exodus continues at FSL in protest of CFO appointment
Another director has quit beleaguered First Ship Lease Trust over the appointment this September of a new cfo. Simon Davidson,…
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Indonesia’s Temas Line takes its largest boxship
Alphaliner is reporting Temas Line from Indonesia has paid Germany’s Gebab $6.5m for the 11-year-old 2,800 teu . The ship,…
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Marenave Schiffahrts edges closer to financial oblivion
Marenave Schiffahrts is a step away from financial oblivion with the board revealing two creditors have vetoed the Hamburg-based owner’s…
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THE Alliance unveils service offerings
Hot on the heels of rival OCEAN Alliance announcing its service network for next April, another container grouping THE Alliance has…
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Hanjin sliding out of the top 20 liner list fast
Hanjin Shipping, the seventh largest containerline in the world when it filed for bankruptcy at the end of August, will…
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Shipping growth outlook ‘uncertain’: UNCTAD
The United Nations Conference on Trade and Development (UNCTAD) annual report on shipping warns that future growth looks uncertain. Seaborne…
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Zim puts global network up for sale
The Wall Street Journal is reporting Israel’s largest shipping line Zim Integrated Shipping Services is looking at selling its global…
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KDB assembles 4 Hanjin boxships in Hong Kong for sales inspections
Brokers in Hong Kong have been invited to inspect four Hanjin boxships that lead creditor Korea Development Bank has put…
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The scramble to join container shipping’s exclusive millionaire’s club
1.3 million. That’s the new threshold in teu where a carrier can feel just about safe, according to Splash contributor…
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South Korea’s HMM sets sail as a ‘true flag carrier for the nation’
After what has been a traumatic year at Hyundai Merchant Marine (HMM) the line is now ready for a “new…
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Ocean Alliance sets out its stall
The members of the Ocean Alliance which launches next April have outlined their global network plans. Cosco Shipping, CMA CGM,…
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Norway gets a new liner company
Northern Europe has a new container liner. Alphaliner reports Norwegian logistics firm ColliCare will start a regular liner service between…
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Eimskip acquires Nor Lines
Icelandic shipping firm Eimskip has announced that it has entered into an agreement to acquire the Norwegian shipping and logistics…
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