Containers
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Cyprus Maritime seals the containership deal of the year
In a year where seemingly every last transaction sets a new container shipping S&P record, Cyprus Maritime has pulled off…
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X-Press Feeders makes initial $3.6m payment over Sri Lankan sinking
X-Press Feeders, operators of the burnt containership , through the vessel owner’s P&I insurers, have made an initial payment of…
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Fat cows, foolish virgins, and the snows of yesteryear
The carriage of goods by sea is one of the things that Sir Richard Branson hasn’t tried (yet) so the…
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US FMC and DoJ sign MOU to collaborate on antitrust issues
The US Federal Maritime Commission (FMC) and the antitrust division of the Department of Justice have signed a memorandum of…
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Ever Given departs Port Said, set to reach Rotterdam 110 days later than originally scheduled
The 20,388 teu finally got underway, leaving Egyptian waters this morning having spent the past five days at an outer…
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Carriers play down Biden’s competition threat
Carriers have sought to play down US government fears on competition and erroneous charges. President Joe Biden has issued an…
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Steering failure likely cause of Malaysian ship collision
A steering system failure is suspected to be the cause of a collision between a panamax bulk carrier and a…
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Biden vows to tackle competition issues in liner shipping
President Joe Biden will shortly order American transportation agencies to address competition in rail and shipping, as shippers struggle with…
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Arne Fredly buys into MPC Container Ships
Norwegian tycoon Arne Fredly has emerged as a major shareholder in Oslo-listed MPC Container Ships. Fredly, who controls tanker firm…
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Ports and carriers plan to add up to 50,000 chassis in southeast US
The ports and carriers that are part of the South Atlantic Chassis Pool (SACP) have signed a letter of intent…
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Jebel Ali port rocked by containership explosion
An explosion and subsequent fire rocked DP World’s Jebel Ali terminal in the United Arab Emirates last night. Social media…
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Ever Given undergoing inspections at Port Said
After a packed media send-off, the headed north yesterday, arriving at Port Said in the evening where it anchored at…
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Samudera Shipping offloads feeder boxship
Singapore-listed Indonesian owner Samudera Shipping Line has struck a deal to sell its 2008-built feeder boxship to an undisclosed third…
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Ever Given weighs anchor and heads towards Europe
A ceremony was held in Egypt to mark an agreement on compensation for the fiasco, with the giant boxship now…
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More than 1m teu worth of boxships have changed hands so far this year
Records keep falling across every segment of the container shipping industry. In sale and purchase, 1.025m teu of secondhand tonnage…
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ZIM seals another deal for 10 Seaspan newbuilds
Seaspan Corporation has entered into long-term charters worth more than $1.5bn with Israeli carrier ZIM for ten 7,000 teu LNG-powered…
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TS Lines selects Shanghai Waigaoqiao for 7,000 teu quartet
The mid-sized containership sector orderbook, almost starved of any newbuilds nine months ago, is beginning to look lengthy. Taiwan’s TS…
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NBOSCO in for trio of 3,300 teu newbuilds
Ningbo Ocean Shipping Co (NBOSCO) has been identified by Alphaliner as the company placing recent orders at Yangzijiang Shipbuilding for…
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Tufton offloads containership for more than double the purchase price
Tufton Oceanic Assets has scored a significant profit by selling a containership purchased three years ago. The London-listed firm has…
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Liners on track to secure up to $100bn profit this year
Drewry’s latest Container Forecaster report has carried out a massive upgrade of liner profits for the full year. Drewry is…
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