Report: EU Ready to Settle with Liner Giants on Price Hikes

Image Courtesy: MSC

The European Commission is considering to accept the offer submitted by fifteen container shipping ...

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Brexit to Limit Capital for Dry Bulk and Boxship Sectors?

Image Courtesy: Diana Shipping

Shipping executives and analysts are warning of negative implications for the dry bulk and containership sectors in ...

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OOCL Belgium Out of Action Due to Main Engine Issues

Image Courtesy: Shipspotting

The 1998-built containership OOCL Belgium is currently undergoing unscheduled maintenance in the port of Montreal, ...

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COSCON Cuts AAC Service Due to Weak Transpacific Demand

Image Courtesy: China Cosco Holdings

Shanghai-based shipping company COSCO Container Lines Co. Ltd. (COSCON) has suspended the America – Asia ...

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Sulphur Cap to Push Boxship Operators' Costs Up to USD 30Bn

Image Courtesy: Maersk Line

Depending on the ship size, speed and fuel price, containership operators saw an increase of some USD 500 million ...

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Seaspan Corp Secures USD 540 Mn Worth of Financing

Image Courtesy: Seaspan Corporation

In an effort to secure funding for its vessels currently under construction and finance general corporate ...

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Pirates Prevented from Boarding Boxship in Gulf of Aden

Image Courtesy: Oceans Beyond Piracy (OBP)

A number of pirates were repelled from boarding a container ship as they approached the vessel in five skiffs while ...

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Drewry: Boxship Rate Erosion Worse than Expected

Image Courtesy: Hapag-Lloyd

The container shipping freight rates crashed harder than it was expected, according to Container Forecaster from ...

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Grounded Boxship Suspends Northbound Convoys in Suez

Image Courtesy: Dredging Suez Canal

Northbound convoys in the Suez Canal have been suspended following grounding of a 153,514 DWT containership ...

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Containership Scrapping to Pick Up in 2016

Image Courtesy: NGO Shipbreaking Platform

Containership scrapping is expected to intensify in 2016 as charter market demand for Panamax ships is bound ...

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KDB, Partners Earmark USD 1.2 Bn to Fund Boxships

KDB, Partners Earmark USD 1.2 Bn to Fund Boxships

The Korea Development Bank (KDB) together with four other financial institutions have signed a Memorandum of ...

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Pirates Try to Hijack Maersk Line’s Containership

Image Courtesy: Safmarine

The Nigerian Navy has prevented a group of pirates from hijacking the 28,844 dwt containership Safmarine Kuramo ...

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Alphaliner: Containership Growth to Hit Record Low

Image Courtesy: World Shipping Council

This year’s global containership capacity is expected to grow at a pace of only 4.6%, the lowest ever ...

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MOL Sees Few Prospects for Recovery

Image Courtesy: MOL

Japanese shipping company Mitsui OSK Lines’ (MOL) CEO Junichiro Ikeda said that the company sees “few ...

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November Containership Reliability at 77.2 Pct

Image Courtesy: Evergreen

Containership reliability was broadly unchanged in November as the average on-time performance across all trades ...

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To Lay-Up or Not to Lay-Up

Drewry To Lay-Up or Not to Lay-Up

As shipowners continue to lay up containerships as the market slows, the size of the idle fleet is expected to get ...

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Costamare Partners Gives Up on IPO Plans

Costamare Partners Gives Up on IPO

Athens-based containership owner Costamare Partners LP, a wholly-owned subsidiary of Costamare Inc, cancelled its ...

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Felixstowe Makes Room for One More Mega Ship

Port of Felixstowe Berth 9 opening at Port of Felixstowe, Suffolk, United Kingdom

Britain’s Port of Felixstowe will now be able to accommodate two of the world’s largest containerships ...

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Danaos Sets Sights on Acquiring Second-Hand Post Panamaxes


Danaos Corporation, Piraeus-based containership charter owner, reported an adjusted net income of USD 43.8 million ...

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OOCL Takes Over Final 8,888-TEU Boxship Newbuild

OOCL Takes Delivery of Final 8888 TEU Boxship Newbuild

Orient Overseas Container Line (OOCL) has welcomed into the fleet the final 8,888 TEU class containership from a ...

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Yang Ming Adds Five More Boxships to the Tally

Yang Ming Adds Five More Boxships to the Tally

Taiwanese container shipping company Yang Ming Marine Transport has returned to Japanese builder Imabari ...

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