Containers
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Elbe grounding of giant boxship draws ire
With two attempts to dislodge it, the giant is likely to remain stuck on the bed of the river Elbe…
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19,000-teu containership is still stuck, rescue attempt abandoned
One of the world’s largest containerships is still aground in the River Elbe outside Germany’s Port of Hamburg after a…
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Posthumous presidential commendation for Chang Yung-fa
Taiwan’s outgoing president Ma Ying-jeou honoured Evergreen Group founder Dr Chang Yung-Fa with a posthumous commendation in recognition of his…
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19,000 teu vessel hard aground on the Elbe
One of the world’s largest containerships has run hard aground on the Elbe river as it headed towards the Eurogate…
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Capital Product Partners secures charters for boxship pair
Greece’s Capital Product Partners has signed new time charter contract for a pair of 8,266 teu containerships. The two vessels,…
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Maersk Line shifts Asia HQ to Hong Kong
As part of Maersk Line’s massive restructuring it is switching its Asia headquarters from Singapore to Hong Kong. Its two…
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HMM chair will use her own cash to save line
The chairman of Hyundai Group, which controls struggling Hyundai Merchant Marine (HMM), is willing to inject her own capital to…
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ZIM restructures to focus on profitable areas
ZIM Integrated Shipping Services, which has changed shape like plasticine in recent years, has announced another restructuring. The Israeli containerline…
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HMM readies fire sale to stave off bankruptcy
Investors in South Korea reacted positively today to Hyundai Merchant Marine’s (HMM) decision to offload stakes in a number of…
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Jungerhans Maritime orders eight feeder boxships at Zhoushan Changhong
Zhoushan Changhong International Shipyard has signed shipbuilding contracts with German owner Jungerhans Maritime Services for the construction of four 1,000teu…
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Japan’s big three lines slash full year forecasts
The full scale of the dire shipping markets has been shown in today’s results from Japan’s big three shipping lines…
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CMA CGM first to tie up with IRISL
In front of the leaders of France and Iran at the Elysee Palace, the heads of CMA CGM and Islamic…
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World’s largest reefer operator shifting to container ships
A new report out by Dynamar on the reefer trades looks at how the world’s largest reefer operator, Seatrade Chartering,…
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Ocean 5: the sequel
An updated infographic (see below) from California-based BCO consultants 10xoceansolutions shows the Ocean 3 alliance as the potential big winners…
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Cosco’s takeover of CSCL due by March 1
March 1 would appear to be the outside date for Cosco’s take over of China Shipping Container Lines. Cosco Container…
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CKYHE to be decimated by merger mania
Analysis from California-based BCO consultants 10xoceansolutions shows both the huge confusion shippers face as the transpacific renewal period closes in…
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Tote pays out to 10 familes over El Faro sinking
The families of 10 seafarers who died when the El Faro sank in a storm near the Bahamas last October…
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Grounded MSC containership refloated
The Transportation Safety Board (TSB) of Canada announced that the 1993-built containership had been successfully refloated after running aground in…
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As Seoul cuts financial lifeline, merger talk reemerges between HMM and Hanjin
The debt situation at South Korea’s two largest shipping lines is causing serious concern in local circles with authorities stating…
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Goldenport suspends debt servicing, begins negotiations with lenders
London-listed Goldenport Holdings has suspended the servicing of its debt and is in talks to restructure its loan facilities. The…
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