Containers
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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)…
Read More » -
Rickmers Maritime tells investors to put up or wind up
Rickmers Trust Management, the trustee-manager of Singapore-listed Rickmers Maritime, has called an extraordinary general meeting where noteholders will vote on…
Read More » -
HMM makes transpacific service permanent in wake of Hanjin bankruptcy
South Korea’s Hyundai Merchant Marine (HMM) is making emergency transpacific services permanent in the wake of Hanjin Shipping’s bankruptcy. HMM…
Read More » -
Hanjin Shipping vessel involved in collision off Singapore
Hanjin Shipping containership has dragged anchor off Singapore colliding with MSC containership MSC Claudia, The New Paper reports. The incident…
Read More » -
Costamare gets new $87m loan and reschedules repayments
Costamare has secured new financing and re-arranged some of its existing loan agreements to reduce its balloon payments due in 2018…
Read More » -
Hanjin lays off staff from its US HQ
Some 127 workers have been laid off from Hanjin Shipping’s American headquarters in Paramus, New Jersey, reports say. The redundancies…
Read More » -
Hanjin Shipping could have survived with creditor support: Cho
Hanjin Group chairman Cho Yang-Ho said today that Hanjin Shipping could have survived had creditors provided the company with aid,…
Read More » -
Tote ignores warnings on Hurricane Matthew, one year on from El Faro sinking
Tote Maritime says they plan to continue their regular liner schedule despite Hurricane Matthew wreaking havoc in the Caribbean, reports…
Read More » -
Hanjin mulls mass layoffs in intra-Asia ploy
Hanjin Shipping is increasingly having to plan ahead for a future as just an intra-Asia operator. South Korea’s largest shipping…
Read More » -
Container shipping in its most uncertain period ever
In the 60 years since Malcom Mclean first whacked a box on a converted tanker and ushered in the era…
Read More » -
Esben Poulsson quits FSL Trust board over disagreement
Singapore shipping trust First Ship Lease has announced the resignation of Esben Poulsson from its board. Poulsson, who is chairman…
Read More » -
Fundraising for Ship Finance International
Ship Finance International will offer $200m worth of convertible senior notes due 2021. The notes will pay interest quarterly in…
Read More » -
ITF highlights plight of Hanjin crew being denied shore leave in US
Seafarers’ labour union the International Transport Workers’ Federation (ITF) said on Wednesday it will report to authorities in Washington D.C.…
Read More » -
Six container shipping lines investigated for price fixing in South Africa
South Africa’s Competition Commission conducted a search and seizeure operation yesterday at the premises of six major global container shipping…
Read More »