Containers
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What does an expanded Panama Canal actually mean for global trade?
Every time I think about the Panama Canal, I cannot resist wondering what the international shipping would look like if…
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Authorities investigate HMM’s share price slide
The Financial Supervisory Service and the Korea Exchange are investigating the extraordinary plunges this week in the share price of…
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Container weight verification is for safety, not surcharges, say shippers
The Global Shippers’ Forum (GSF) has blasted shipping lines, forwarders and terminal operators using the mandatory container weight verification process…
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Ron Widdows tipped to take top job at HMM
Industry veteran Ron Widdows is one of the frontrunners for the vacant CEO position at Korea’s Hyundai Merchant Marine (HMM),…
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Shipping cycles: something nasty in the woodshed?
Before reading on, do take a look at what I wrote yesterday about shipping cycles. There are two nasty things…
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Hyundai Merchant Marine shares take record dive
Just as Hyundai Merchant Marine (HMM) might have thought it had weathered the worst of the financial storm, today it…
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Pokémon GO and the world of container shipping as we knew it
Rahul Kapoor, head of Drewry Financial Research Services, tries to decipher the effects of the evolving consumer psyche and how…
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Mission to recover El Faro VDR set to begin
The delayed mission to recover sunken cargo vessel El Faro’s voyage data recorder (VDR) is set to begin. National Transportation…
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International Shipholding Corporation files for Chapter 11
The American shipowner International Shipholding Corporation has filed for relief under Chapter 11 at a court in New York. The…
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Zhonggu Shipping establishes financial leasing arm
Chinese domestic containership operator Zhonggu Shipping has established a fully-owned financial leasing unit, Tianjin Zhongrong Hengtai International Leasing, at Tianjin…
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Feeders in the spotlight as global boxship fleet surpasses 20m teu
This week containership fleet capacity has passed the 20m teu mark, which Clarksons Research described as “another milestone in the…
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Global Shipper Forum plans to stop shipping surcharges within five years
Members of the Global Shipper Forum (GSF) aim to stop container shipping surcharges within five years and plan to take action…
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NYK, MOL and K Line all revise downwards full year forecasts
Japan’s so called Big Three shipping lines have all revised downwards their full year forecasts today reflecting the continued dire…
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‘We’ll not entertain the rate reduction’: Gerry Wang remains firm on Hanjin charters
Gerry Wang, the head of Seaspan Corp, has firmly reiterated his stance that he will not budge in charter renegotiations…
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Freightos Marketplace: Comparing freight providers made as easy as booking a flight
Logistics tech firm Freightos this week launched what it claims is the world’s first online international freight marketplace. “Starting today,…
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China Cosco Shipping vows to stop transporting shark fins
China Cosco Shipping, the nation’s largest shipping line, has vowed to ban transporting shark fins. The new policy was announced…
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Korean Air arrives with Hanjin Shipping rescue package
In what is likely to be another crucial week for the survival of Hanjin Shipping, reports are emerging in Seoul…
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HMM takes another step towards financial redemption
The path to financial redemption for South Korea’s Hyundai Merchant Marine (HMM) moved ahead yesterday with news the line had…
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Criminals using 3D printing present growing threat to global shipping
Security firm G4S warns on a new enterprising way that thieves are getting into containers. Criminal gangs are making use…
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MSC under fire over state aid allegations
A few weeks after the European Commission opened an in-depth investigation questioning whether the Italian government propped up Italian shipyard…
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