Container Shipping

SEOUL, Dec 19 (Reuters) – Korean Air Lines Co Ltd plans to raise 3.5 trillion won ($3.33 billion) over two years by selling assets such as shares in

Diana Containerships Inc. (DCIX) took everybody by surprise, announcing the sale of its 18-year old Panamax containership “Spinel“ (Ex “APL

Navios Europe Inc. announced today they have acquired ten vessels from debtors of HSH Nordbank AG including five product tankers and five Panamax and

The chief executive of TUI AG , a shareholder in German shipper Hapag-Lloyd , said he viewed as positive the talks between the shipper and Chilean rival

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) announced today the winning of a newbuild order for six, 10,000 TEU containerships

The China Navigation Company (CNCo), the deep sea shipping arm of the multinational Swire Group, has announced today the signing of a conditional sale and

Taiwan’s largest container shipping company, Evergreen, has joined the growing group of carriers selling assets to turn around a year of loss-making

JERUSALEM, Dec 15 (Reuters) – Standard & Poor’s Maalot lowered its rating for Israeli shipping firm Zim to “CC” from

By Mike Wackett The G6 Alliance’s plan to expand its scope on transpacific and transatlantic trade lanes is scheduled to be approved on January 16,

United Arab Shipping Company (UASC) has announced today plans to retrofit its future fleet of ultra-large (14,000 – 18,000 TEU) containerships with

By Gavin van Marle in Dubai Ports in the Gulf region need to prepare for much larger vessel sizes as a result of the cascading effect taking place as

HAMBURG, Dec 9 (Reuters) – German shipping company Hapag-Lloyd’s merger talks with Chile’s Vapores may herald further deals with other peers,

Talks are focused on whether “a possible business combination or any other form of association would be of mutual interest,” Hamburg-based

John Cota, the former San Francisco pilot who infamously crashed the M/V Cosco Busan into the San Francisco-Oakland Bay Bridge on a typical foggy morning in

New Zealand's maritime safety authority, Maritime New Zealand (MNZ), has been put under the microscope for their response to the October 2011 MV Rena

The members of the G6– a merger of the New World and Grand Alliances – have announced plans to go head-to-head with the P3 network by expanding

Cia. Sud Americana de Vapores SA surged the most in more than a year after Die Welt newspaper reported that Latin America’s largest container shipper is

By Gavin van Marle The 14 container lines subject to the latest EC anti-trust investigation are Maersk, CMA CGM, MSC, China Shipping, Cosco, Evergreen,

Samsung Heavy Industries has won a KRW 447.6 billion ($421.53 million) order for five containerships from an unnamed Asian shipowner according to a regulatory

Crowley Maritime Corporation on Monday announced that it has placed groundbreaking order for a pair of LNG-powered combination container-Ro/Ro, becoming the