Maersk is the target of a lawsuit brought by a North American marine terminal operator after the Danish shipping giant cancelled a terminal services...

Rates & Surcharges

Savvy lines act to protect cash flow

n.savvides - April 23, 2020 0

Shipping lines have learned the lessons of the substantial fall in demand experienced during the financial crisis in 2008/9 and have managed capacity in...

Most Visited - Newsletter

NYK container ship robbed in Manila

n.savvides - April 22, 2020 0

A 2,664TEU container ship operated by pan-Japanese carrier Ocean Network Express (ONE) was robbed while anchored in Manila. The incident on NYK Joanna happened around...

Most Visited - Newsletter

Lack of guards gave Tommi Ritscher pirates a free hand

n.savvides - April 21, 2020 0

A lack of guards on vessels could have allowed the pirates to attack the 5,000TEU container ship Tommi Ritscher on 19 April, according to...

News

Volatile oil prices see VLSFO dip below HFO for the first time

n.savvides - April 21, 2020 0

The price of VLSFO has dipped below the price of HFO for the first time this week as the volatility of crude oil prices...

Rates & Surcharges

Beibu Gulf develops SE Asia logistics links

n.savvides - April 21, 2020 0

Guangxi Beibu Gulf Economic Zone Planning Construction and Administration Office is striving to increase container throughput along the Beibu Gulf Rim to develop China’s...

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Eight crew held hostage in West Africa attack

n.savvides - April 20, 2020 0

An armed attack on the Portuguese registered, German owned container ship Tommi Ritscher has seen eight crew taken hostage and a further 11 seafarers...

News

Hin Leong fails to disclose US$800 million losses

Container News Team - April 20, 2020 0

The founder and director of major Singapore oil-trading company Hin Leong Trading Pte Ltd (HLT) directed the firm not to disclose hundreds of millions...

Most Visited - Newsletter

HMM launches US$592m bond issue for new containers, working capital

n.savvides - April 20, 2020 0

South Korean mainline operator HMM is issuing KRW720 billion (US$592.3 million) in convertible bonds, raising funds for capital investments in new containers as well...

News

Maersk launches cold store in Russia

Container News Team - April 20, 2020 0

Maersk has announced that the largest cold store in St. Petersburg, whose construction commenced in June 2019 is now operational. The three-chamber warehouse operated...

News

Florens sees upsurge in container demand

n.savvides - April 17, 2020 0

Container lessor Florens Asset Management Company (Florens) has reported a surge in container orders at its factory in China’s Lianyungang Port, since Chinese ports...

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