Containers
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Storm rising
SeaIntel’s Lars Jensen on the growing volatility plaguing the liner trades. It is by now not news to anyone in…
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Eimskip cancels containership newbuilding
Icelandic container line Eimskip has cancelled its order for a 875-teu containership it had under construction at Rongsheng Shenfei shipyard,…
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Fire breaks out on 13,500 teu UASC boxship
A fire broke out in early this morning on the UASC owned Alula boxship. Firefighters spent three and a half…
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Nan Tsing Container Lines on the rocks, suspends operations
Nan Tsing Container Lines, one of China’s largest domestic container shipping companies, has sent notice to all of its employees…
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Hapag-Lloyd’s IPO moves nearer
The German boxline Hapag-Lloyd is ready to launch preparations for its initial public offering on the Frankfurt Stock Exchange as…
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Euroseas: Patriotism versus practicality
Athens: Aristides Pittas does not want to leave Greece, and says so emphatically. But like many of his colleagues in…
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China Exim Bank provides $690m financing for 10 mega boxships at Jinhai Heavy Industry
China Exim Bank has signed a $690m buyer credit agreement with UK investment firm BCAP for its order of ten…
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Container shipping 2015: Catching the slow winds
The month of August is nearing its end and many people and companies are still running in vacation mode. Not…
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Lines try to push through 156% rate hike to Europe
Despite Asia-Europe container trades being in the severe doldrums, near record lows, the world’s largest boxline is trying to push…
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Box Ships fixtures show improving panamax market
Box Ships has confirmed details of its two latest fixtures, which the NYSE-listed company said shows improving freight rates for…
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Economic slowdown in China and Russia threatens Hamburg throughput
Container throughput at Germany’s Port of Hamburg is expected to fall by 7% due to sluggish economic growth in its…
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UASC dismisses interest in buying NOL as rumours
Another containerline has dismissed links to buying out Singapore’s Neptune Orient Lines (NOL). Reports emerged last month that Temasek, Singapore’s…
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Arkas: Mediterranean shipping under great pressure
Izmir: Lucien Arkas is one of the most important shipowners in Turkey and also an expert of container short-sea transport…
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Wan Hai Lines quits Asia-Europe trades
Taiwanese carrier Wan Hai Lines has decided to completely quit the Asia-Europe tradelanes due to the unfavourable market conditions. The…
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Vietnam cracks down on boxline surcharges
Hanoi is trying to take control of surcharges put in place by containerlines calling at Vietnam. The finance ministry concluded…
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Kenza boxship leaves Cagliari after more than two years
The 724 teu containership Kenza (8,675 dwt, built 1991) left the Italian port of Cagliari today after more than two years in…
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Don’t stop thinking about tomorrow
Winston Churchill said: “Success is going from one failure to the next with no loss of enthusiasm.” The shipping industry…
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UASC and NVOCCs fined for US Shipping Act violations
The Federal Marine Commission (FMC) is going to collect $1,227,500 in civil penalties from United Arab Shipping Company (UASC) and…
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Global Ship Lease and OOCL strike boxship sale-and-leaseback deal
Global Ship Lease (GSL) is to acquire a post-panamax containership for $53.6m from Orient Overseas Container Line (OOCL), which will…
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Diana Containerships charters post-panamax to Maersk
Diana Containerships has fixed a post-panamax boxship on a six- to nine-month timecharter to Maersk. The Great (5,576 teu, built…
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