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Danaos completes debt restructuring
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Greek vessel charterer Danaos Corporation has restructured its US$1.25 billion debt, the refinancing reduces the outstanding debt to a single credit facility from the...
Mitsui to send staff to Mærsk Mc-Kinney Møller Center
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Japanese technology company Mitsui & Co has agreed to the secondment of specialist technicians to the Copenhagen-based JapanMærsk Mc-Kinney Møller Center for Zero Carbon...
CULines executing more Asia-Europe services
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The success of China United Lines’ one-off Asia-Europe service was such that the carrier will add more sailings after its first service was sold...
D&D costs cut in half with efficient management systems
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Studies by Maersk into the effectiveness of its own Destination Cargo Management (DCM) programme point to a 50% reduction in exposure to unwanted demurrage...
Desperate shippers swallow contract rates at double 2020 Levels
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Early indications from the annual contract negotiations being closed between beneficial cargo owners and carriers point to shippers paying up to three times as...
Antong marks turnaround with 2020 profit
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Antong Holdings, parent company of China’s second largest domestic liner operator Quanzhou Ansheng Shipping, has capped its restructuring with a net profit for 2020.
The...
Six days in Suez that altered the trade outlook
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Ever Given disrupted the trade bottleneck known as the Suez Canal, which handles around 12% of global trade annually, causing hundreds of vessels to...
Box losses don’t stack up. Part Three
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In Part Two of Box losses don’t stack up the discussion centred around possible regulatory failures, including a look at the loading of ships...
Jinchon Ferry orders new ro-ro ferry after 20 years
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Tianjin-Inchon International Passenger & Cargo Shipping (more commonly known as Jinchon Ferry), which operates a passenger-and-container service between South Korea’s Incheon port, and China's...
Companies in Singapore declaration on emissions research
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Six companies including Singapore’s Ocean Network Express (ONE), Sembcorp Marine, Eastern Pacific Shipping and the Maritime and Port Authority of Singapore (MPA) have signed...
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