IUMI Calls for More Action to Tackle Containership Fires

Image Courtesy: Polizei Hamburg

Two recent onboard containership fires have fueled concerns from International Union of Marine Insurance (IUMI) ...

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Rickmers Maritime to Restructure Debt amid Liquidation Fears

Image Courtesy: Rickmers Maritime

Singapore-listed containership owner Rickmers Maritime will not be able to pay USD 179.7 million of senior debt ...

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Containership on Fire at Port of Hamburg

Image Courtesy: Polizei Hamburg

The 2015-built containership CCNI Arauco has ignited at the German port of Hamburg on Thursday, according to data ...

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Authorities Remove TS Taipei Wreck from Shimen Reef

Image Courtesy: MOTC

The wreck of the containership TS Taipei, which grounded in March when it lost propulsion, was removed from the ...

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Drewry: Mega-Alliances Could Help Transhipment Hubs

Image Courtesy: MPA Singapore

The world’s largest transhipment hubs are exposed to numerous risks, from poor underlying demand to increasing use ...

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Alphaliner: Boxship Orderbook Ratio Drops Like It's 1999

Image Courtesy: MSC

The containership orderbook, measured as a percentage of the existing fleet, has fallen to its lowest level since ...

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Seaspan Corp Eyes Fresh Funding

Image Courtesy: Seaspan Corporation

Hong Kong-based containership owner Seaspan Corporation revealed its plans to offer its Series H Preferred Shares ...

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Drewry: Idle Boxship Fleet Increases across All Ship Sizes

Image Courtesy: UASC

Growing overcapacity is causing an increase in the idle containership fleet across all ship sizes and apparently in ...

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Costamare Secures Financing for Two New Boxships

Image Courtesy: MSC

During the second quarter of 2016, the Athens-based containership owner Costamare Inc. secured USD 88 million of ...

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Seaspan Corp's Quarterly Earnings Halved, Revenue Up

Image Courtesy: Seaspan Corp

Despite the addition of a number of boxships during the second quarter, the Hong Kong-based containership owner ...

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Seaspan Buys Boxship Newbuilding Duo from GCI

Image Courtesy: Seaspan Corporation

Hong Kong-based container ship owner and operator Seaspan Corporation has bought two newbuilding 11,000 TEU vessels ...

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Global Container Volumes Will See Little Impact from Brexit

Image Courtesy: Port of Gothenburg

The United Kingdom’s decision to exit the European Union is expected to have little direct impact on the ...

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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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