LEADING container lines are diverting ships to Lebanon's smaller terminal of Tripoli after the devastating explosion at Beirut's port that...
- Carriers divert to Port of Tripoli 43 miles away after Beirut blast
- Increased tonnage afloat will result in rate slide, says Alphaliner
SOME 313 containerships, or 1,555,959 TEU, remained laid-up as of July 20, representing 6
- Global shipyards face crisis with receding box ship orders
WITH global demand expected to contract by some 10 per cent this year, due to the impact of the pandemic, blanked sailings are likely to be...
- Wilhelmsen acquires 50pc stake in MPC Capital ship management company
NORWAY's Wilhelmsen Ship Management (WSM) is taking a 50 per cent stake in MPC Capital's technical ship management unit Ahrenkiel Steamship...
- Seaspan spends US$146m in cash for a pair of secondhand 13,000-TEUers
SEASPAN Corporation, a subsidiary of Atlas, has acquired two secondhand containerships for approximately US$146 million in cash in a deal backed by...
- Yang Ming to boost fleet with three new 11,500 TEU vessels
TAIWAN-BASED Yang Ming is to expand its fleet with three 11,500 TEU ships being built by Japan's largest shipyard
- Box ship demolition increases, but scrap prices have fallen 25pc this year
CONTAINERSHIP demolition sales have picked up, but scrap prices have fallen 25 per cent this year, reports London's Loadstar
- Cai Mep ready to gain from supply chain exit from China
VIETNAM's Cai Mep-Thi Vai container port, which now routinely handles 14,000 - 16,000-TEUers, recently saw the maiden call of 2M's TP17...
- Covid-19 cuts Spanish bunker sales 26pc, box ships suffer less
BUNKER sales fell by more than a quarter in Spanish ports in April as Covid-19 lockdowns weighed heavily on demand, reports London's Argus Media,...
- Danaos CEO says firm is 'well insulated' from the charter market crash
SHORT-TERM containership charter rates have plunged by up to 40 per cent since the beginning of the year, as ocean carriers rush to off-hire surplus...
- Indian scrap yards brace for new wave of ship demolitions
DEMOLITION markets in the Indian subcontinent have now largely reopened and are preparing for a new wave of containerships for scrapping
- HMM Algeciras becomes world's largest megaship to arrive in Europe
THE 24,000 TEU-class HMM Algeciras arrived in Rotterdam setting a new record as the largest ship to enter a European port
- Hapag-Lloyd quarterly profit off 73.9pc to US$27 million as revenue rises 6pc
GERMAN shipping giant Hapag-Lloyd's first quarter net profit fell 73
- DP World Posorja in Ecuador receives quay crane plus three RTGs
ECUADOR's DP World Posorja terminal has received four new cranes further increasing the operational productivity of the deepwater facility,...
- Yangzijiang captures US$360m worth of newbuilding orders in Q1
YANGZIJIANG Shipbuilding has secured new orders for seven vessels with a total contract value of US$360 million during the first quarter of 2020
- Seaspan adds on four 12,000 TEU box ships to its fleet
HONG Kong's non-operating containership owner Seaspan Corporation, a wholly owned subsidiary of Atlas Corp, has taken delivery of four 12,000 TEU...
- HMM Names World's Largest Container Vessel, HMM Algeciras
HMM held a naming ceremony for a 24,000 TEU-class containership ‘HMM Algeciras’, the world’s largest containership, at the DSME (Daewoo...
- US west coast seaports remain operational albeit at lower demand levels
RUMOURS have been swirling that the US biggest ports were closing after business was dented by the US-China trade war and now rattled by the global...
- HMM ends 2M link, now to inject 100,000 TEU capacity to new VSA
HYUNDAI Merchant Marine (HMM) is to take back nine ships that Maersk Line and Mediterranean Shipping Company (MSC) sub-chartered in March 2017 as...
- Transworld buys 4,872-TEU box ship for US$10.65 million
THE Transworld Group has bought its largest containership to date, after paying Conti Reederei US$10