Containers
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Seacor tables bid for bankrupt International Shipholding
Seacor Capital Corp has made a bid for bankrupt fellow American firm International Shipholding. International Shipholding, which sought bankruptcy protection…
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Analysts welcome Japanese box merger and ponder who’s next in consolidation wave
Shipping analysts have applauded the move from Japan’s big three lines to merge their container divisions, while musing who will…
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Holy scrap!
When one wants to express strong astonishment, ‘Holy mackerel!’ is a nautical expression that does the trick well. We heard…
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NYK, MOL and K Line to merge container divisions
The three Japanese majors who will help form THE Alliance next April are to merge their container operations. Nippon Yusen…
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The 4,923 teu YM Los Angeles sets new boxship scrapping records
Setting a new benchmark, Diana Containerships has moved to scrap a panamax boxship that was delivered less than 10 years…
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Rickmers Maritime’s restructuring gets the nod
Rickmers Trust Management, the trustee-manager of troubled Singapore-listed Rickmers Maritime, has revealed that unitholders attending an extraordinary general meeting have…
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HMM front-runner to take over Hanjin’s transpacific operations
Hyundai Merchant Marine (HMM), Korea Line Corp and three unidentified other parties are in the mix to take over the…
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The tale of two canals – game theory in action
What comes to your mind when you think about the Suez and Panama Canals? Marvels of engineering? An exotic waterway…
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Matson to raise $75m via bonds for fleet renewal
US shipping company Matson has entered into a private placement commitment letter under which it expects to issue $75m of…
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Container rates are climbing: Xeneta
Xeneta, the benchmarking and market intelligence platform for containerised ocean freight, says that in-depth analysis of Q3 container shipping costs…
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Shenzhen Energy orders 16 LNG-powered containerships at Chuandong Shipyard
Shenzhen Energy Group has signed shipbuilding contracts with Chongqing Chuandong Shipbuilding Industry for the construction of sixteen 1,000dwt LNG-powered multi-purpose…
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HSH Nordbank swoops for Hanjin ships and charters them to 2M
German bank HSH Nordbank has swooped for nine neopanamax Hanjin Shipping boxships and is leasing them to the partners of…
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CMA CGM looks to sell NOL’s terminals for $1bn
French boxline is looking to make some quick cash from offloading assets of new acquisition Neptune Orient Lines (NOL). Bloomberg…
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CMA CGM’s Rodolphe Saadé warns of more bankruptcies
While expressing pity for his Korean peer Hanjin Shipping, Rodolphe Saadé, vice chairman of CMA CGM, warned other bankruptcies in…
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Huxley’s Mandarin fixes latest newbuild to X-Press Feeders
Hong Kong-based Mandarin Shipping has fixed its latest newbuilding, the 1, 700 teu , to X-Press Feeders for a period…
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Hanjin seeks to close Europe operations
Embattled Hanjin Shipping’s move to try and forge a future as an intra-Asia operator moves ahead with news the Korean…
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$27bn: IMF estimates bill Korean taxpayers are paying to save local maritime industries
Irate Korean taxpayers reacted with shock Sunday as the full enormity of Seoul’s bailout of the nation’s beleaguered shipping and…
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US regulator gives nod to OCEAN Alliance
US watchdog the Federal Maritime Commission (FMC) on Friday gave its approval to the proposed OCEAN Alliance of four major…
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Reader interaction yielding plenty of fascinating insights
Bankruptcy and restructuring stories dominated Splash once again this week with readers lapping up our reports on Hanjin, Flinter, Ezra,…
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Bangladeshi survives 12 days trapped in a container
An emaciated Bangladeshi man was found in a container from Bangladesh that reached a port in India’s Andhra Pradesh on…
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