Hyundai Merchant Marine on Verge of Bankruptcy as Creditors Reject Debt Rescheduling
By Mike Wackett, (The Loadstar) – Creditors of Hyundai Merchant Marine (HMM) today rejected a rescheduling of the troubled shipping company’s debt,
The Loadstar is an independent, United Kingdom based, supply chain and logistics publication covering freight forwarding, air cargo, ocean shipping, ports, and international trade policy. gCaptain republishes select Loadstar coverage under content partnership terms when stories are materially relevant to maritime and offshore readers. Loadstar stories on gCaptain are clearly attributed and may be edited for house style, formatting, and headline clarity while preserving source reporting.
By Mike Wackett, (The Loadstar) – Creditors of Hyundai Merchant Marine (HMM) today rejected a rescheduling of the troubled shipping company’s debt,
By Mike Wackett, (The Loadstar) – Idled global container capacity has reached a record high of 1.57m teu, according to the latest data from Alphaliner.
By Gavin van Marle, (The Loadstar) – Project logistics and out-of-gauge cargo are the latest specialist shipping targets of container lines looking for
By Alex Lennane, TheLoadStar – The US Coast Guard (USCG), which this week added further confusion to the soon-to-be enforced SOLAS
By Mike Wackett, (The Loadstar) – CMA CGM has confirmed that from the end of May it will redeploy its flagship fleet of 18,000 teu ships on the “most
By Mike Wackett, Ocean carriers cancelled some 230 sailings in 2015 between Asia and North Europe to boost vessel utilisation levels, and, according to Drewry,
By Gavin van Marle (The Loadstar) – The Panama and Suez canals could be the next institutions to be affected by the ongoing crisis in the container
By Mike Wackett (The Loadstar) – Newly-merged Chinese ocean carriers Cosco and CSCL, together with Evergreen, OOCL and CMA CGM are set to form a new
By Mike Wackett (The Loadstar) – DP World’s two UK container terminals at London Gateway and Southampton are to offer shippers container weighing
By Mike Wackett (The Loadstar) – The jury is out as to whether the dramatic fall in oil prices in the past two years has produced a net benefit
By Sam Whelan (The Loadstar) Maersk Line is preparing an awareness campaign to alert shippers to container weighing regulations that come
By Mike Wackett (The Loadstar) – Lower bunker costs are “very welcome in an industry struggling to make a profit”, says shipping industry association
By Mike Wackett (The Loadstar) – Maersk Line is switching a second Asia-North Europe loop vessel to London Gateway this week after concerns over ship and
By Mike Wackett (The Loadstar) – Analysts agree there is no recovery in sight for the beleaguered containership charter market, which is facing its
By Mike Wackett (The Loadstar) – According to shipbroker Braemar ACM, as at the beginning of this week six container vessels, equating to 14,000 teu, had
By Mike Wackett (The Loadstar) – The seemingly never-ending quest by ocean carriers to operate bigger ships was a significant spur for orders for 60
By Mike Wackett (The Loadstar) — Christmas saw the 17,859 teu CMA CGM Benjamin Franklin become the largest container vessel ever to call at a US port
“It was the best of times, it was the worst of times…” This seems to aptly sum up the two halves of 2015 for container lines, which began the year with
By Mike Wackett (The Loadstar) — Poland’s Port of Gdansk Authority is to tender for a new container and general cargo deepwater port able to
By Martin Roebuck (TheLoadstar) AstraZeneca has said it will be using ocean freight for 70% of its international shipments within the next 12-18 months. Julian
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