Containers
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Hanjin to axe 400 staff in South Korea
Hanjin Shipping will lay off about 400 land-based employees in South Korea as it fights for survival. The news follows…
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New Malaysian containerline launches
Malaysia has a new container carrier. BMS Line has entered the domestic trade between Peninsular Malaysia and East Malaysia, analysts…
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Flinter pushed to the edge of bankruptcy by ING
Flinter Group, one of the top ten largest shipowners in the Netherlands, is on the ropes. The multipurpose shipowner has…
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In wake of Hanjin demise, Samsung Electronics eyes the Trans-Siberian
Samsung Electronics, stung by the sudden demise of compatriot Hanjin Shipping, has moved to diversify its supply chain tactics. The…
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HMM in the mix for Hanjin’s transpacific operations
Hyundai Merchant Marine (HMM) has come out and said it is likely to bid for the transpacific assets of troubled…
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Rickmers Group moves to separate itself from trust as D-day looms
Rickmers Group has moved to separate itself from Rickmers Trust Management just two weeks before investors vote to decide if…
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CMB turns bearish on panamax boxships, sends 12-year-old twins for scrap
Belgium’s Bocimar has turned bearish about prospects for panamax container vessels, becoming the latest owner to scrap 12-year-old boxships. The…
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Shipowners warned on risks of carrying lithium-ion batteries
The Standard Club is warning shipowners to be carerful when transporting lithium-ion batteries in the wake of widespread reports of…
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Hanjin’s longest voyage yet
“Time is the longest distance between two places,” concludes the Tennessee Williams’ character at the end of the play The…
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Suez Canal negotiating radical pricing rethink
In a radical shift for its pricing mechanism, the Suez Canal Authority is in discussions with a number of the…
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Hanjin insurance pay out could hit $1.8bn: Credit Suisse
Credit Suisse analysts are warning the insurance fallout from the demise of Hanjin Shipping could be one of the largest…
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Cocaine found on PIL containership at Mexican port
Mexico’s navy has seized 136 kilos of cocaine on a container ship owned by Singapore’s Pacific International Lines at the…
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HMM will become South Korea’s ‘flagship’ line
After leaving Hanjin to flounder, the South Korean government is to develop Hyundai Merchant Marine (HMM) as the country’s ‘flagship’ shipping…
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Hanjin Shipping asset sale under way
The ‘for sale’ sign has officially been placed up at Korean line Hanjin Shipping today after the local court approved…
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Court set to announce Hanjin Shipping fire sale
Seoul Central District Court, which is overseeing Hanjin Shipping’s receivership process, plans to publish a notice to put the bankrupt…
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Idle containership fleet swells with redelivered Hanjin vessels
Bankrupt Hanjin Shipping has redelivered the majority of its chartered-in vessels with more to follow, which is swelling the global…
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Container shipping impairment losses could top $35bn: Alphaliner
Alphaliner says that NYK Line’s move last week to report a loss of JP¥100bn ($972m) on its containership assets could…
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Shipping still lost at sea when it comes to big data
The world of container shipping is going through a prolonged period of instability due to oversupply of new ships entering…
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Hanjin’s intra-Asia focus pushes ahead with likely transpacific sale
Plenty more is unfolding in the Hanjin Shipping saga with a court in Seoul now mulling selling the Korean line’s…
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Claxton reveals new gig at Magsaysay Transport and Logistics Group
Shipping veteran Ian Claxton has taken up the role of president and CEO at Magsaysay Transport and Logistics Group (MTLG)…
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