Containers
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Shipping by sea? You, your cargo and your embattled carriers
Hard not to feel sorry for the shippers, whose cargo is stuck on the container vessels operated by Hanjin Shipping.…
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CSBC to delay delivery of Seaspan containership damaged in typhoon
Taiwanese shipbuilder CSBC said it would delay the delivery of 14,000teu containership Feng Ming to Canadian shipowner Seaspan as it…
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Investor action could spell the end for Rickmers Maritime
Rickmers Trust Management, the Singapore-listed trustee-manager of Rickmers Maritime, has announced that it has been served with a “notice of…
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APL Logistics blames K Line bankruptcy rumours on a ‘small number’ of employees
Japanese-owned APL Logistics Group has issued a statement via president Beat Simon in response to accusations by Kawasaki Kisen Kaisha (K Line)…
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Maerskelina: Hanjin Shipping and HMM acquisition talk questioned
Yesterday’s comments by an analyst at Jefferies suggesting Maersk Line may look to buy both of South Korea’s top two…
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Hanjin Shipping could still be sold, court says
The court in Seoul overseeing Hanjin Shipping’s receivership has said a sale of the company is one of a number…
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Maersk linked with taking over both Hanjin and HMM
Maersk Line, fresh from announcing plans to seek acquisitions rather than build new ships, is being linked as the white…
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HMM share price jumps on Hanjin fleet fire sale speculation
Shares in Hyundai Merchant Marine (HMM) leapt 6% to close in Seoul today at KRW8,700 on increased speculation that the…
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Zodiac in for bargain box pair
Maritime mammoth Zodiac Maritime has been linked to the purchase of two containerships sold on the cheap. The sale of…
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Turkish general cargo ship sinks off Italy
Turkish general cargo ship sank over the weekend in the Mediterranean Sea around 25 nautical miles southeast off Sicily. The vessel,…
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Hanjin’s demise, commoditisation and a missed opportunity
Mahim Khanna, a regional director with Dutch firm TBA, has his say. This year will go down as the year…
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K Line accuses APL Logistics of spreading false bankruptcy rumours
Kawasaki Kisen Kaisha (K Line) has accused APL Logistics of starting malicious bankruptcy rumours. In a note sent to clients…
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KDB pumps $45m into Hanjin Shipping
Korea Development Bank, the main lender to Hanjin Shipping, has agreed a conditional credit line of KRW50bn ($45m) in a…
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Will there be a chair for HMM when the music stops?
Andy Lane from CTI Consultancy ponders what will happen to South Korea’s other major carrier. Despite all of the denials,…
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‘This could be heaven or this could be hell’: Bankruptcy paranoia roils the industry
Last week I posited in this regular Scuttlebutt column that it looked like we were entering peak bankruptcy season. This…
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K Line dismisses bankruptcy speculation
Representatives at Japanese shipping major Kawasaki Kisen Kaisha (K Line) have rubbished reports from China that the line will shortly…
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A.P. Møller-Mærsk splits in two
As expected Europe’s largest maritime conglomerate will split in two. A.P. Møller-Mærsk will divide its energy and transport divisions in…
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Attention turns to Hanjin Group’s $7bn debts
Beleaguered Hanjin Shipping has received some welcome news in the form of much needed emergency funding to help offload stranded…
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Rickmers Maritime revises debt restructuring plan
Rickmers Trust Management, the trustee manager of Rickmers Maritime, has announced a revised restructuring plan in relation to S$100m 8.45%…
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MPC Capital sells eight boxships for $398m
MPC Maritime Investments, a subsidiary of MPC Capital, has arranged the sale of a portfolio of eight containerships for a…
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