Containers
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Korea Shipowners’ Association warns on heavy impact were HMM and Hanjin to fold
The Korea Shipowners’ Association has estimated that if Hanjin Shipping and Hyundai Merchant Marine were to go bankrupt, 5,400 jobs…
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Wan Hai in for eight Japanese newbuilds
Taiwan’s Wan Hai Lines has signed for eight 1,900 teu ships at Japanese yard Naikai Zosen. The ships will deliver…
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Ocean Yield buys stake in Quantum Pacific mega containerships
Ocean Yield has announced that it has agreed to acquire a 49.5% equity interest in six newbuilding container vessels owned…
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Ansheng Shipping orders eight boxships at domestic yards
Quanzhou-based Ansheng Shipping has signed shipbuilding contracts with Xiamen Shipbuilding Industry and Taizhou Sanfu Shipbuilding for the construction of up…
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Messina hits out at unfair competition brought about by state aid
In Italy it’s harder to work in shipping because of the rigid government policy on state aid, which is not…
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No deal: Gerry Wang refuses to budge on Hanjin charter renegotiations
The chairman of Hanjin Group has met with its lead tonnage provider Seaspan this week, but has failed to get…
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‘Spectre of anticompetitive behaviour’: FMC weighs in on impending SOLAS container rules
The vexing issue of SOLAS container weighing rules, which are set to come into existence on July 1, has just…
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Box Ships delays debt repayments
Box Ships has announced it has reached agreements with two banks to delay the repayments of its debts. The company…
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Shippers worried about carrier ‘uncertainty’
Shippers have stopped celebrating the lowest freight rates in living memory and now concerned about the uncertain state of container…
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Zhonggu Shipping lists on NEEQ
Shanghai-based Zhonggu Shipping, officially listed on the National Equities Exchange and Quotations (NEEQ) yesterday. Zhonggu Shipping is major domestic container…
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Diana Containerships fixes post-panamax to SeaGo Line
Diana Containerships has fixed its post-panamax boxship March (5,576 teu, built 2004) to SeaGo Line for seven to 12 months.…
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Former Hanjin Shipping boss avoids arrest
A court in Seoul threw out a prosecution request yesterday for an arrest warrant for a former Hanjin Shipping boss…
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CMA CGM and PSA confirm container terminal joint venture
CMA CGM and PSA Singapore Terminals have announced the formation of a joint venture company CMA CGM-PSA Lion Terminal to operate…
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Topical survey launches
Technology, the environment, refund guarantees and transparency make up some of the issues carried in our latest topical survey of…
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Sartini takes charge at NOL
As anticipated, Nicolas Sartini has been named CEO of Neptune Orient Lines (NOL) now that CMA CGM has taken majority…
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Seoul financial watchdog refuses to rule out HMM/Hanjin merger
A mega merger story that refuses to die down has reemerged in South Korea today. Lim Jong-ryong, chairman of the…
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Arrest warrant sought for former Hanjin Shipping chairman
Prosecutors on Sunday sought the arrest warrant of the ex-chairman of Hanjin Shipping, who has been hit with insider trading…
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Port of NY and NJ plan upgrade to handle 14,000 teu containerships
The Port of New York and New Jersey will be ready to accommodate 14,000 teu vessels before the end of…
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Price dominates as main reason shippers ditch carriers
Price, risk management and loss of trust are the three main reasons shippers give for switching container carriers, a survey…
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HMM completes charter negotiations, readies boxship orders
Hyundai Merchant Marine (HMM) today announced that the company has reached a de facto agreement regarding its charter negotiations with…
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