Containers
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Carriers continue to add transpacific tonnage post-Hanjin
It’s not just Maersk, MSC and Hyundai Merchant Marine (HMM) that have rushed to add capacity on the transpacific trades…
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Super typhoon lays waste to Kaohsiung box terminal
Super Typhoon Meranti, the strongest storm on record anywhere in the world so far this year, wreaked havoc and chaos…
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Hammonia Reederei joins the rush to scrap 13-year-old boxships
Hamburg’s Hammonia Reederei has joined the rush to scrap exceptionally young boxships. Brokers tell Splash the German company sent the…
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Diana Containerships won’t buy new vessels or pay dividends for two years
Diana Containerships has amended its $148m loan agreement with The Royal Bank of Scotland (RBS), which will block the boxship…
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Empty Hanjin containers causing logistical headaches at US West Coast ports
Hanjin containers are reportedly backing up at ports on the US West Coast and are beginning to clog logistical flows,…
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20% of KG-funded boxships are insolvent
Nearly one in five containerships owned by KG funds in Germany are insolvent according to data released by research firm…
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Hanjin ships put up for sale as Italian subsidiary closes
More Hanjin ships have been put up for sale. Citing shipbroking sources, Reuters is reporting that the Hanjin Mar and…
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Marsh forecasts lower charter rates in the wake of Hanjin’s demise
Cargo owners and shipowners are most at risk of suffering financial losses from Hanjin Shipping’s entering into court receivership, according…
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South Korean president warns Seoul will not rescue Hanjin Shipping
Six Hanjin Shipping vessels are confirmed as arrested following the line’s court receivership at the end of last month. Seven…
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Is Hanjin shipping’s Lehman moment?
Is the fall of Hanjin shipping’s Lehman Brothers moment? That’s the point of view of Gerry Wang, the head of…
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Shippers could be sued for up to $300m by Hanjin Shipping
Extrapolating statistics from the bankruptcy of budget boxline The Containership Company (TCC) back in 2011, SeaIntel has warned in its…
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Fire sale surrounding Hanjin Shipping continues
The fire sale related to the Hanjin Shipping fleet is picking up momentum. Two small bulk carriers, which had been…
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US judge extends Hanjin’s protection from creditors as ships start to unload
A US bankruptcy judge on Friday granted Hanjin Shipping the protection it requested for its ships wanting to dock and…
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Taps turned off as Hanjin Shipping edges closer to oblivion
The chaos wrought by Hanjin Shipping’s court receivership – container shipping’s largest ever bankruptcy – stepped up a notch today…
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Boxport model of relentless expansion is over
Jason Jiang argues container terminal returns have peaked and are unlikely to grow quickly again. Cast your mind back 10…
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Cosco sells five boxships for scrap
Cosco Holdings has announced the sale of five containerships for scrapping as part of its fleet optimization plan. The total…
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Hanjin Shipping exclusives getting noticed
I think I have typed more words on Hanjin Shipping in one week than on any other shipping line in…
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HMM and other Korean carriers form Mini Alliance to replace Hanjin
South Korea’s Hyundai Merchant Marine (HMM) and compatriot carriers Korea Marine Transport, Sinokor Merchant Marine and Heung-A Shipping have formed…
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Hanjin vessels moving again amid chaotic global supply chain scenes
Splash has been given exclusive access by BigOceanData to its proprietary system allowing readers to see where all Hanjin Shipping…
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Maersk and MSC add transpacific services in wake of Hanjin bankruptcy
Maersk Line and MSC, who make up the 2M network, have moved to snaffle up business that was previously controlled…
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