Containers
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UASC seeks approval for possible ‘business combination’ with Hapag-Lloyd
Shareholders in United Arab Shipping Company (UASC) will vote soon to approve a “business combination” agreement with Germany-based container line Hapag-Lloyd. The…
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Former El Faro captain had concerns about vessel’s stability and reliability of its boiler
A former captain of El Faro on Tuesday said he had had concerns about the cargo vessel’s boiler, its stability…
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Another strike begins at APM Terminals Gothenburg
Mediation between the Swedish Dockworkers’ Union (Hamnarbetarförbundets) at the Port of Gothenburg and APM Terminals has broken down, which will…
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Hyundai Merchant Marine may offer debt-for-equity swap in charter rate negotiations
Hyundai Merchant Marine (HMM) must renegotiate a 28.4% cut in charter rates before May 20 or will likely enter court…
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‘Too many cooks’: Drewry’s verdict on THE Alliance
Shipping consultant Drewry has echoed comments made by other analysts on the potentially unwieldy nature of containershipping’s new grouping, THE…
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El Faro captain planned to ‘shoot under’ fateful storm, panel hears
The US Coast Guard’s (USCG) Marine Board of Investigation’s probe into the El Faro disaster started its second phase on…
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Australia welcomes new shipping line
Australia has a new shipping line. Great Southern Shipping Australia (GSS) and China’s Rizhao Port Group are joining forces and…
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Global box fleet set to surpass 20m teu next month
BIMCO expects the container shipping fleet to break through the 20m teu barrier as soon as next month. 2016 will…
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HMM’s lead creditor comes out in support of orphaned liner
While many might have felt that Hyundai Merchant Marine’s (HMM) exclusion from today’s big box news, the creation of THE…
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Safmarine Meru towed into port after collision, fire extinguished
Maersk Line’s containership Safmarine Meru (4,300 dwt, built 2006) has been towed safely in the Port of Ningbo, after colliding with another…
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THE Alliance formed by Hanjin, Hapag-Lloyd, K Line, MOL, NYK and Yang Ming
Container shipping operators Hanjin, Hapag-Lloyd, K Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming have confirmed the creation of a new…
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Hyundai Merchant Marine confident it will join THE Alliance
Hyundai Merchant Marine (HMM), which looks like the loser in the game of container alliances at the moment, has been…
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Maersk sends two boxships to Alang
Maersk is sending two boxships to Alang in India for scrapping, a key trial for the Danish group’s recycling plans…
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Details of new container alliance emerge
The make up of a third global container alliance has been revealed by the Wall Street Journal. Japan’s Nippon Yusen…
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Philippine owner takes pair of ships originally earmarked for scrap
The Southeast Asian owner, Oceanic Container Lines, Inc (OCLI) from the Philippines, has rescued to two smaller multipurpose ships from…
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New container alliance to be revealed this week
A new container alliance will be revealed in the next couple of days. William Doyle, from the US’s Federal Maritime…
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Investigators step up insider trading probe at Hanjin Shipping
The office and home of Choi Eun-yeong, former chairman of Hanjin Shipping, were raided this morning as prosecutors pursue insider…
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CMA CGM ditches 18,000 teu transpacific ship experiment
CMA CGM’s grand experiment, deploying ultra large container vessels on the transpacific, has come to a quick end. The French…
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HMM debt-to-equity swap plan to be discussed
Creditors next week will start discussing a debt-to-equity swap plan with Korean line Hyundai Merchant Marine (HMM), its lead creditor…
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SITC pays $8m for 1,000 teu ship
Hong Kong-listed shipping firm SITC International Holdings has laid down around $8m for the 11-year-old 1,043 teu , according to…
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