Containers
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Surging secondhand prices see value of the world fleet surpass $1trn
The value of the global merchant fleet has surpassed $1trn this month on the back of surging secondhand prices in…
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North America responsible for the world’s container shortages
New analysis from Danish consultancy Sea-Intelligence shows just how much North America is to blame for the severe equipment imbalances…
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MSC linked to Awilco boxship pair
Geneva-headquartered line Mediterranean Shipping Company (MSC) has returned to this week’s broker reports, resuming its incredible secondhand boxship buying spree…
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Maersk Growth among investors in Torch short-haul freight network
Maersk Growth and several venture-capital companies have together invested $3.5m in Torch, a 3PL platform focused on the short-haul segment.…
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Last orders: Heineken gives its transport providers until 2040 to go carbon neutral
Another major shipper has today set its transport providers a deadline to ensure its supply chains are carbon neutral. Dutch…
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Evergreen confirms Ever Given arrested pending $916m claim including $300m for loss of reputation
Taiwanese liner Evergreen confirmed on Wednesday that the 20,388 teu has been arrested by a court in Egypt this week.…
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Hapag-Lloyd spends $550m on new containers
Hamburg-based liner Hapag-Lloyd has splashed approximately $550m on new containers, making it one of the largest orders in the company’s…
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No sound economic case for LNG retrofits
Retrofits to make ships LNG capable are currently prohibitively expensive with little appetite among shipowners to follow Hapag-Lloyd’s pioneering first…
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Geest Line sold
The world’s largest owner of conventional reefer ships, Seatrade, and Caribbean logistics specialist Jamaica Producers Group have bought out UK-headquartered…
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Convictions handed down in giant MSC cocaine bust
Convictions are being handed down in one of the US’s biggest ever drugs busts. A record-breaking 20 tons of cocaine,…
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Global Shipping Business Network seals first banking tie-up
Blockchain grouping Global Shipping Business Network (GSBN) has teamed with Bank of China (Hong Kong) in a bid to help…
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Arnt Vespermann headhunted by Claus-Peter Offen
In big executive recruitment news from Hamburg, Dr Arnt Vespermann has been headhunted to take over day-to-day operations at the…
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Drewry sees liner bonanza stretching through into 2022
British shipping consultants Drewry are predicting container shipping will smash last year’s record profits in 2021, with 2022 also tipped…
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Euroseas charters out feeder boxship at more than double the previous rate
Nasdaq-listed Greek containership owner Euroseas has sealed a new time charter contract for 1999-built 1,732 teu boxship . The new…
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MSC rolls out new ocean-rail service from Asia to Europe
Swiss-headquartered containerline Mediterranean Shipping Company (MSC) is expanding its services portfolio with the launch of a new intermodal solution between…
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Suez blockage sparks box spot rate rally
Shippers have another reason to rue the . The repercussions of the giant ship’s grounding on the Suez Canal late…
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Shipping celebrates best Q1 since 2008
Shipping has enjoyed its best Q1 since before the global financial crisis, with the second quarter on track to post…
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European shortsea fleet in urgent need of replacement
Hamburg shipbrokers Toepfer Transport have started issuing regular European shortsea reports. Among key takeaways from the first 14-page report, published…
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CMA CGM opts for biomethane
CMA CGM is rolling out the first liner offering based on biomethane in May this year. The French containerline giant…
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CMA CGM Jacques Saade sets new teu world record
The , the world’s largest LNG-powered containership, has broken its own world record, carrying the highest number of full containers…
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