Containers
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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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TS Taipei block catches fire at CSBC
A fire has broken out yesterday on a ship block at Taiwan’s CSBC’s Keelung yard during the dismantling of containership…
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Maersk reportedly to be split into separate energy and transport units
Respected Danish newspaper Berlingske Business is reporting that it knows what the restructuring of the Maersk Group will involve. Not…
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Offshore woes dominate
The dire states of the offshore and container markets dominated the news this week on Splash. Today marks three weeks…
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Panamax boxships as young as 13 being sent for scrap
Boxships as young as 13-years-old are now being scrapped, brokers tell Splash. Panamax ships are the main focus of scrapping…
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Three reasons why global trade will reach its peak
Olaf Merk, a ports and shipping expert with the OECD, warns of very challenging times ahead. Maritime transport is driven…
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Has Hanjin made a breakthrough days ahead of court receivership deadline?
There’s just 19 days to go until Hanjin Shipping must meet stipulations set out by creditors or risk entering court…
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‘We are not doing anything to drive down rates’: Maersk Line CFO
Maersk Line’s CFO Pierre Danet has told Splash that the world’s largest containerline will slash costs further, and dismissed claims…
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NTSB set to begin first phase of examining El Faro’s VDR
The US National Transportation Board (NTSB) on Monday was set to begin examination of the voyage data recorder (VDR) from…
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Zhonggu Shipping inks financial leasing deal with CSSC Shipping
Chinese domestic container shipping company Zhonggu Shipping has signed a framework financing agreement with CSSC Shipping (Hong Kong), the shipowning…
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$50bn blackhole leaves box shipping ripe for further M&As: Drewry
Container industry revenues are contracting faster than carriers can cut costs, Drewry warns in a new report. First-half results so…
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China ups anti-Zika measures for inbound boxes
China, where one in two containers in the world transit, is upping its anti-Zika measures in a move that could…
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Hanjin Transportation may buy Hanjin Shipping’s Long Beach terminal
Hanjin Shipping may sell its container terminal at the Port of Long Beach in California to parcel delivery firm Hanjin…
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‘Unsatisfactory’: Søren Skou’s reaction to his first Maersk quarterlies
Søren Skou has delivered his first quarterlies as the new ceo of the Maersk Group and he is clearly unhappy…
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Euroseas greenlights share offering, buys small boxship
Euroseas’ board has authorised an at-the-market (ATM) offering of up to 15% or around 1.22m of its 8.1m outstanding shares,…
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Navios Partners sells boxship, renegotiates HMM charters
Navios Partners has agreed to sell its containership (13,102 dwt, built 2011) to an unnamed third party for a net…
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Maersk Line quits 10 ports in China
Maersk Line will cease services to and from 10 Chinese ports in what is thought to be an effort to…
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CMA CGM extends charters of Global Ship Lease boxships
Two small containerships owned by Global Ship Lease (GSL) have had their charters to CMA CGM extended by up to…
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