CMA CGM Frees up $533 Million in Cash, Sells Stake in Terminal Link
PARIS–CMA CGM, the world’s third-largest container shipping company, Friday said it sold a 49% stake in its port operator Terminal Link to China
gCaptain’s full coverage of the global container shipping industry.
PARIS–CMA CGM, the world’s third-largest container shipping company, Friday said it sold a 49% stake in its port operator Terminal Link to China
SHANGHAI–Many in the shipping industry see a sluggish year ahead for Chinese exports, a cornerstone of the world’s No. 2 economy, despite other
New York-listed Seaspan Corporation (NYSE: SSW) announced Wednesday that it has signed contracts for the construction of four fuel efficient 10,000 TEU
Jan. 23 (Bloomberg) — Chile’s richest family has turned the world’s worst-performing container shipper into a champion by shedding rented
Orient Overseas Container Lines announced today the christening of two 13,208-TEU container ships, the M/V OOCL Brussels and the M/V NYK Helios, at a ceremony
Hyundai Heavy Industries (HHI) announced today the signing of a newbuild contract with Vancouver-based Seaspan Corp. for five 14,000 TEU containerships,
Jan. 15 (Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s largest container line, said the industry needs to raise prices by as much as
Earnings for ships that haul liquefied gases, cars and oil products are most likely to recover this year amid a continued glut of merchant vessels that may
A.P. Moeller-Maersk A/S, owner of the world’s largest container line, rose the most in six weeks in Copenhagen trading on bets a deal on the U.S. budget
By Scott Hamilton European container-shipping operators such as A.P. Moeller-Maersk A/S may benefit little from higher volumes next year as carrier lines
Julie Cruz TUI AG rose in Frankfurt after its shipping unit Hapag-Lloyd said it is discussing a possible merger with Hamburg Sud. TUI shares advanced as much
By Ivana Sekularac ZEEBRUGGE, Belgium – CMA CGM, the world’s third-largest container group, plans to list shares on the Paris Stock Exchange to get
On December 12, 2012, aka 121212, the world’s largest containership by teu capacity, CMA CGM Marco Polo, called on the port of Hamburg, marking the
Scary moments again off the coast of the Netherlands- this time on Sunday night, when the 170-meter M/V Ocean Victory cargo ship lost propulsion and was
The CMA CGM Marco Polo, now the world’s largest containership, arrived in Southampton on Sunday loaded with containers from China, officially marking
By Marc Levinson (Bloomberg) — Striking clerks at the nation’s largest port complex, in Southern California, agreed to return to work on Dec. 5,
General Dynamics NASSCO announced today the signing of a historic a contract with TOTE, Inc. calling for the design and construction of up to five 3,100 TEU
The world’s largest containership, CMA CGM’s M/V Marco Polo transited the Suez Canal over the weekend while on her maiden voyage from the Far East
Not to be outdone by their friends in Hong Kong, Los Angeles-based investment management firm, Oaktree Capital, and the Rickmers Group have joined forces
(Bloomberg) — Carlyle Group LP and Tiger Group Investments’ ship fund is in talks about financing new vessels with five container lines as higher
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