Containers
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CKYHE and Korea Inc scramble to avoid Hanjin supply chain meltdown
With claims against bust containerline Hanjin Shipping flying in and its ships around the world facing arrest, the South Korean…
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HMM picks up Hanjin slack, will not be drawn on takeover
Hyundai Merchant Marine (HMM) will not be drawn on whether it will pick up assets from bust compatriot line Hanjin…
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Gerry Wang dismisses impact of Hanjin bankruptcy
One of the key players in the four-month lead up to the world’s largest ever container shipping bankruptcy has distanced…
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Hanjin’s demise and the need for liner rehab
If you’d asked me at the start of the year who’d be the sacrificial lamb between Hanjin Shipping or Hyundai…
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Borrowed time comes to an end as Hanjin Shipping files for court receivership
Hanjin Shipping today became the most high profile casualty of the container shipping downturn with management opting for court receivership…
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Hanjin Shipping and the futility of throwing more fuel on a fire burning out of control
You don’t normally get advance warning of an attempt to put a company over a barrel and call in bankruptcy…
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‘If we buy vessels at current prices, we are never going to make losses’: Brave words from departing SCI boss
“If we buy vessels at current prices, we are never going to make losses.” Bold words for the departing boss…
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Chinese exporters are hurting
China’s trade with just about everyone is off, writes Paul French. Amid the seeming chaos and news grabbing headlines of…
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Hanjin Shipping shares suspended as creditors walk away
Hanjin Shipping’s shares were suspended today after slumping 29% after its restructuring plans were rejected by creditors, putting the nation’s…
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Samskip boosts Norway reefer presence with acquisition of Euro Container Lines
Samskip has completed the acquisition of Norway’s Euro Container Lines (ECL) from Wilson for EUR2.5m.. “The ECL acquisition aims to…
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Korea Shipowners’ Association weighs in on Hanjin Shipping losses
This is the week where Hanjin Shipping will find out if it has done enough to avoid court receivership with…
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Seaspan relents in charter negotiations with Hanjin Shipping
Hanjin Shipping has announced major progress in negotiations with tonnage providers and lenders, suggesting it will survive the September 4…
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Hapag-Lloyd shareholders pave the way for UASC merger
Hapag-Lloyd shareholders on Friday approved all items on the AGM agenda, paving the way for the merger with Middle Eastern…
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Container shipping losses accelerate, could hit $10bn for full year
Lars Jensen, ceo of SeaIntelligence Consulting, has warned the accelerating losses seen in the container sector in the second quarter…
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China Cosco Holdings’ interims are the worst of any mainland listed firm in the past decade
Reports of the troubled merger mandated by Beijing between Cosco and China Shipping have manifested in the interim results of…
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Matson orders two new vessels for $511m
US container carrier Matson announced on Thursday that its subsidiary Matson Navigation has ordered two new combination container and roro…
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Seaspan raises $80m in public offering
Seaspan has raised gross proceeds of $80m in a public offering, which it said may be used to buy a…
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Hanjin Shipping makes key creditor deadline
A spokesperson for Hanjin Shipping has confirmed to Splash that the line is submitting to lead creditor the Korea Development…
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Federal Maritime Commission voices concern about new Ocean Alliance
The creation of the Ocean Alliance – a new container grouping involving China Lines, OOCL, Evergreen, APL and CMA CGM,…
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El Faro sank 10 minutes after captain had called to abandon ship
The US’s National Transportation and Safety Board (NTSB) has revealed the harrowing, scary lead up to the sinking of the…
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