Containers
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‘I am most concerned with HMM,’ says South Korea’s finance minister
South Korea’s finance minister has warned the nation’s shipping companies they need to get their acts together or else the…
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Search for El Faro’s VDR resumes today
The search for the missing voyage data recorder of the sunken El Faro ship resumes today, the National Transportation Safety…
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A weighty issue
John Butler, president and CEO of the World Shipping Council, yesterday spoke before the US House Committee on Transportation and…
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Overtonnaging is shipping’s ‘default condition’ long term, survey finds
Recession due to overtonnaging is the default condition of the global shipping industry for the long term, nearly 88% of…
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HMM sells Hyundai Securities stake for $1.1bn
Hyundai Merchant Marine (HMM) has today signed a stock purchase agreement (SPA) to sell its stake in its financial affiliate…
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APL to exit G6 in bid to ease EU antitrust concerns
French containerline CMA CGM is willing to make concessions in order win over the European Union’s antitrust approval for its…
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Tunisia’s Cotunav kicks off $250m fleet renovation
Compagnie Tunisienne de Navigation (better known under the commercial brand CTN or Cotunav) will launch in the near future an…
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Hanjin Shipping link scares Korean Air investors
Hanjin Shipping’s precarious financial position has killed off a bonds issuance from parent Korean Air. Investors have shied away from…
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CIMC to raise $928m for expansion
China International Marine Containers (CIMC) has announced that the board has approved the proposal to issue new shares to raise…
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TS Taipei cleanup to continue for another month
The oil spill cleanup work of the grounded containership TS Taipei is still ongoing and likely to take another month…
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More positive box demand outlook
Container lines and vessel owners had nowhere to hide in Q1 2016 but forecaster Maritime Strategies International is more bullish…
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Patricia Schulte struggling to find a buyer
The 2,800 teu, 10-year-old is struggling to find a buyer. A spokesperson for South Korea’s KMTC has quashed speculation that…
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Hyundai Heavy tipped to win IRISL boxship trio
The Iranian slew of ship orders are due to get underway very shortly with South Korea’s Hyundai Heavy Industries (HHI)…
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Whose piggy bank is feeding the shipbuilding frenzy?
The stream of shipping industry news over the last 18 months could provide enough juicy material for a few episodes…
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Hyundai Heavy hit by exposure to HMM
Hyundai Heavy Industries’ (HHI) decision to help out fellow Korean line Hyundai Merchant Marine (HMM) last year has landed it…
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Rena cleanup declared complete
The cleanup of the Rena containership, which grounded on October 5 2011 off the North Island of New Zealand, has…
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Deloitte Anjin loses HMM contract
Korea Development Bank (KDB) has ditched due Deloitte Anjin to carry out due diligence on Hyundai Merchant Marine (HMM) because…
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Vital boost for HMM from likely brokerage sale
The light at the end of the tunnel just grew brighter for South Korea’s Hyundai Merchant Marine (HMM). Its parent…
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TS Lines refutes claims it mishandled TS Taipei grounding
TS Line has made an announcement stating that the company has been actively coordinating with all relevant agencies to deal…
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Dry bulk to recover before containers and offshore?
The extreme levels of scrapping seen in the dry bulk market in the past few months should see the sector…
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