Containers
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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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CMA CGM takes control of NOL, shuffles the board
CMA CGM has taken majority control of Singapore’s Neptune Orient Lines (NOL, parent of boxline APL. NOL’s majority shareholders –…
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Bumi Laut: Ready to order MPPs, but not on home soil
Athens: Senior management from one of Indonesia’s oldest shipping lines has been at Posidonia all week looking to order a…
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‘Slow and reluctant to change’: Departing NOL boss admits mistakes
High costs, the wrong business model, too small ships – these were all listed by the chief executive of Singapore’s…
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Marenave might be forced to sell off its fleet
Marenave Schiffahrts has warned its shareholders it might have to sell its fleet of 13 ships as creditors demand it…
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Korea aims to be world’s third-largest shipping industry despite billion-dollar losses
South Korea’s shipping industry brought in revenues of $34.5bn during 2015, some $7.8bn behind the 2012 figure due to the…
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Former Hanjin chairman faces prosecutors’ insider trading charges
Choi Eun-young, the former head of Hanjin Shipping, appeared before prosecutors in Seoul today, accused of insider trading. Choi, and…
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