Containers
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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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Matson rounds off busy week raising $100m
US carrier Matson rounded off an interesting few days by announcing on Friday plans for increased borrowing. The borrowing will…
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Diana Containerships buys two post-panamax boxships
Diana Containerships is to acquire two Japan-built post-panamax boxships that were formerly owned by China’s bankrupt Nautilus Holdings for a…
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NOL ekes out a profit
Singapore’s Neptune Orient Lines, in the spotlight for its possible For Sale tag, managed to return to the black in…
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Matson slapped with $15m fine for giant molasses spill
Matson Navigation has agreed to fork out $15m to pay for a 2013 molasses spill in Honolulu. The fine is…
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Matson to invest $30m in upgrading Alaskan business it bought from Horizon Lines
US carrier Matson is planning to invest more than $30 million in the Alaskan business it acquired from Horizon Lines…
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China Shipping Container Lines orders eight 13,500-teu boxships
China Shipping Container Lines (CSCL) has ordered eight 13,500-teu boxships from Shanghai Jiangnan Changxing Shipbuilding for a combined $934.4m. The…
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Diana Containerships sells panamax boxship
Diana Containerships is to sell its panamax boxship Cap Domingo (3,739 teu, built 2001) to an unnamed buyer for a gross…
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MOL invests in Thai barge terminal
Japan’s Mitsui OSK Lines (MOL) has signed a joint venture agreement with SahaThai Terminal, a container terminal operation company in Thailand,…
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China Sea Rates: New Silk Road plans threaten liner industry
Caringbah: China’s plans to build more and more land links with Europe could seriously harm shipping lines in five years’…
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Boardroom shuffle at UASC
Dubai: Fast expanding containerline United Arab Shipping Company (UASC) has announced the appointment of Dr Nabeel Al-Amudi as the new…
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Borealis and KKR add 18 vessels with Hanseatic Ship Asset Management acquisition
Hamburg: London-headquartered Borealis Maritime and US global investment firm KKR have acquired Hanseatic Ship Asset Management from Commerzbank for a…
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