Containers
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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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Shipping welcomes the Irelandmax, the latest word in green technology
There’s a new word to shipping’s ever expanding lexicon – the Irelandmax. Needless to say, these ships are promoted as…
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Giant CMA CGM boxship suffers grounding off Southampton
One of the world’s largest boxships is being inspected for any damages following a brief grounding incident in the UK…
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MC Seamax pays $80m for two-year-old 9,000 teu ship
Tonnage provider MC Seamax has snapped up a UASC boxship with a decent charter to boot. The American firm is…
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Hanjin misses key deadline, moves closer to receivership
Hanjin Group has missed an August 20 deadline to outline to creditors how it will help fund Hanjin Shipping’s liquidity…
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Shipping Corp of India taps Essar’s Sharma for top posting
New Delhi has tapped Essar Shipping’s managing director Anoop Kumar Sharma to head the state-run Shipping Corporation of India (SCI),…
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Seaspan scraps another 13-year-old boxship
Seaspan continues to scrap barely teenage boxships. Clarksons Research details now the Canadian tonnage provider has sent the 3,700 teu…
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