Containers
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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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First containership LNG conversion announced
Next year German owner Wessels Reederei will become the first company to convert a containership to use LNG as a…
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Review of first hearings into El Faro disaster is complete
The US Coast Guard (USCG) announced on Wednesday that its Marine Board of Investigation (MBI) has completed its review of…
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Anger grows at $14bn of stuck cargoes on Hanjin ships
The chaos surrounding the receivership of Hanjin Shipping, container shipping’s largest ever bankruptcy, continues to plague shippers around the world…
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Jiangsu Ocean Shipping orders three boxships at Yangzijiang Shipbuilding
Jiangsu Ocean Shipping has signed shipbuilding contracts with Yangzijiang Shipbuilding for the construction of three 1,900teu containerships. The ships will…
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Hanjin Shipping given ray of hope with capital promise
The Hanjin bankruptcy debacle continues to have plenty of twists and turns around the world. The South Korean prime minister,…
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DP World wins Somaliland port concession
Global container terminal network DP World have won a 30-year concession for the Port of Berbera in Somaliland, in which…
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Wan Hai takes 1,700 teu ship for $10.4m
Nissen Kaiun of Japan has sold Wan Hai Lines a nine-year-old 1,700 teu ship. Wan Hai is paying $10.4m for…
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Massive further container consolidation on the cards
There’ll be just six to eight global container carriers by the mid-2020s, a leading box analyst told participants during a…
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Hanjin shares resume trading and slide 30%
Shares of Hanjin Shipping fell by the daily limit of 30% in Seoul today, as trading resumed after South Korea’s…
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