Containers
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ICTSI to develop and operate Umm Qasr port in Iraq
International Container Terminal Services (ICTSI) is to operate, develop and expand container facilities Iraq’s Umm Qasr port and will invest…
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Korea Development Bank takes over HMM
Korea Development Bank (KDB) is taking over troubled local line Hyundai Merchant Marine (HMM). HMM said it decided today to…
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UASC delays vote on Hapag-Lloyd merger
United Arab Shipping Company (UASC) has delayed a shareholder vote on the proposed merger with German shipping line Hapag-Lloyd. UASC said…
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Russia’s top aluminum producer signs with Maersk Line
Russia’s top aluminium producer Rusal has signed signed a three-year letter of intent for long-term cooperation with Maersk Line. “Under…
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Three more families of El Faro victims settle with Tote
Three more families of crew members who died in last year’s sinking of the cargo vessel El Faro have accepted…
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Tropical Shipping orders four feeder boxships at Huangpu Wenchong
CSSC-affiliated Guangzhou Huangpu Wenchong Shipbuilding has signed shipbuilding contracts with US-based Tropical Shipping for the construction of two 1,100teu containerships…
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CMA CGM orders four small boxships at Cosco
CMA CGM has ordered four 3,300-teu containerships from Cosco (Zhoushan) Shipyard in China for an undisclosed price. The four vessels…
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Bondholders boost HMM’s alliance hopes
Hyundai Merchant Marine (HMM) announced that it has successfully completed all five bondholders’ meetings held on May 31 and June…
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Sino-Global Shipping partners with Shandong Hi-Speed TEU Logistics
Nasdaq-listed Sino-Global Shipping America has announced that it has entered into a strategic partnership with Shandong Hi-speed TEU Logistics (Shandong…
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‘Groundless rumour’: HMM slams Hanjin merger talk
Hyundai Merchant Marine (HMM) has slammed reports linking it to a merger with compatriot Korean line Hanjin Shipping. Local media…
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HMM urged to merge with Hanjin Shipping to join THE Alliance
THE Alliance, a brand new grouping of six containerlines, only has room for one South Korean member, according to a…
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CMA CGM moves to complete NOL takeover
French containerline CMA CGM today announced its firm intention to make an all-cash voluntary conditional general offer for all the…
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200 Shipping Corp of India seafarers enter third day of hunger strike
Around 200 seafarers have entered their third day of a hunger strike, demonstrating against state-run Shipping Corporation of India’s (SCI)…
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HMM says charter negotiations will reach ‘swift agreement soon’
Hyundai Merchant Marine (HMM) has just announced that its charter negotiations with foreign shipowners are “expected to reach an agreement…
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Second round of El Faro hearings comes to an end
A National Transportation Safety Board (NTSB) investigator on Friday attempted to re-cast his Thursday comment about the “colossal failure” of…
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HMM and Hanjin share prices soar on optimistic charter talks
The share prices of South Korea’s leading two shipping lines rocketed today on speculation that significant advances had been made…
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Myanmar looks to ease port congestion
Myanmar is pushing ahead with a variety of new rulings aimed at easing congestion at its ports. Customs teams at…
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El Faro sinking an ‘accident’, not a ‘colossal failure of management’
A senior executive of ship owners Tote on Thursday told the US Coast Guard hearing into the El Faro sinking…
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Vessel arrest ratchets up pressure on Hanjin Shipping
In a sign of just how tough a financial position hard-up Hanjin Shipping really is in, one of its ships…
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Siem Shipping renews contract for banana run
Siem Shipping has renewed its contract for Star Reefers to continue to provide a regular weekly service from Ecuador to…
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