Search results for: container carriers

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  • 11 January 2017
    Business & Finance

    The harsh conditions in the container shipping market during the 2016 have led to a drop of large-scale international carriers to 17 as at January 2017, down from 20 a year ago, according to Alphaliner. Namely, the reduction is a result of the acquisition of Singapore-based carrier APL by French major CMA CGM, as well as […]

  • 7 September 2017
    Business & Finance

    Now that the results for the second quarter of 2017 have settled in, it can be deduced that the container shipping market has entered fairer winds when compared to the horrendous second quarter of 2016. Ten carriers posted black figures, while only two have reported losses for the quarter, those being Hyundai Merchant Marine (HMM), which booked […]

  • 8 March 2017
    Business & Finance

    As the container shipping industry continues to be plagued by the same challenges since the onset of the 2008 financial crisis, the outlook for global container carriers remains grim at the start of 2017, consulting firm AlixPartners said. Sluggish demand levels are exacerbating supply-and-demand imbalances, while mega vessels continue to join the growing global fleet. Additionally, […]

  • 29 July 2015
    Business & Finance

    Container carriers are returning their operations to Iran following the deal with P5 +1 powers on lifting of nuclear sanctions against the country. Under the deal, sanctions against Iran’s oil export industry are to be lifted in exchange for additional restrains on the country’s nuclear program. However, even though it will take some time before Iran’s tanker […]

  • 4 May 2016
    Business & Finance

    The eight container carriers left out of the two major alliances, the 2M and Ocean Alliance, could team up under a single arrangement that would represent a serious counterweight on the East-West corridors, according to Alphaliner. The companies at stake are Hapag-Lloyd, Hanjin, Hyundai Merchant Marine, MOL, NYK, ‘K’ Line, Yang Ming, and UASC, along with Hamburg Sud […]

  • 31 March 2017
    Business & Finance

    China’s National Development and Reform Commission (NDRC) has suspended its investigation into a number of container shipping giants as it allowed the companies to settle by lowering their charges. The investigation, which included up to 18 container carriers, was dropped after the firms said they would decrease their terminal handling charges. With these changes, the carriers are […]

  • 29 July 2015
    Business & Finance

    Container carriers are returning their operations to Iran following the deal with P5 +1 powers on lifting of nuclear sanctions against the country. Under the deal, sanctions against Iran’s oil export industry are to be lifted in exchange for additional restrains on the country’s nuclear program. However, even though it will take some time before Iran’s tanker […]

  • 29 June 2018
    Business & Finance

    Star Bulk secures financing for Newcastlemax newbuilding trio acquired from Oceanbulk Container Carriers.

  • 17 October 2016
    Business & Finance

    As the Asia-East Coast South America spot rates are starting to level off after a huge spike induced by big capacity cuts, container carriers will need to squeeze more capacity out of the system if they want to maintain high load factors and prices, according to shipping consultancy Drewry. Carriers undertook a major downsizing in capacity […]

  • 7 November 2016
    Business & Finance

    Driven by the need to stop the cost competitive advantage of the bigger lines growing, a second, smaller wave of mergers and acquisitions involving medium-sized container carriers is a high probability, according to shipping consultancy Drewry. While the current wave of M&As among container lines does not directly solve industry-wide overcapacity, only their ability to […]

  • 15 September 2016
    Business & Finance

    Fears of capacity shortages created by Hanjin Shipping’s demise have faded, as some nine extraloaders are already en-route or planned on the Asia-US West Coast route in September, with a further six sailings currently scheduled in October, according to Alphaliner. On the Asia-Europe route, only one extra sailing was mounted while initial plans by South Korean carrier Hyundai Merchant […]

  • 18 April 2014
    Business & Finance

    Tsuneishi Group has received orders for four 1,020 TEU container carriers from the Hong Kong-based subsidiary of Shanghai International Port (Group) Co., Ltd. (SIPG). The four ordered vessels feature latest improvements in fuel efficiency. Reductions in both fuel consumption and nitrogen compounds contained in gas emissions are achieved by applying an engine in which fuel […]

  • 15 February 2017
    Business & Finance

    The container market has seen an inflection point in late 2016, with demand rising above supply during the fourth quarter, ushering in the start of a period of strengthening earnings for carriers, Danish boxship giant Maersk Line believes. As a result, Maersk Line predicts that carriers’ earnings could improve in 2017. The Danish shipping major expects its net […]

  • 13 October 2009

    Container carriers with reefer containers generate 27 per cent more emissions of greenhouse gases than specialised reefer carriers, according to a study carried out by the Agribusiness and Economics Research Unit (AERU) of Lincoln University in Christchurch, New Zealand, reports fruitnet.com.

  • 29 May 2017
    Business & Finance

    The majority of container shipping lines lost money in the first three months of 2017, but higher rates and fast-growing demand will soon show on the bottom line, according to shipping consultancy Drewry. In its last Container Forecaster report, Drewry said that the industry would make an operating profit of about USD 1.5 billion in […]

  • 15 June 2006

    Yesterday, on 14 June 2006, the christening ceremony of a Container Carrier ordered by Baltic Container Shipping took place at Aker Yards shipyard in Rauma. The vessel to be managed by Rederi AB TransAtlantic was christened as “TransPaper” by Mrs. Marjatta H

  • 4 August 2017
    Business & Finance

    South Korean container carriers have joined forces to form a cooperation body named Korea Shipping Partnership aimed at strengthening the country’s shipping industry. The move comes amid overall stagnation of the South Korean shipping market which has had its reputation marred following the collapse of Hanjin Shipping. The 14 national carriers, including Hyundai Merchant Marine […]

  • 30 May 2014
    Business & Finance

    The advent of ultra-large container carriers and mega-alliances among liner shipping companies will be dominant talking points at this year’s TOC CSC Europe conference, taking place 24-26 June at London’s ExCel Centre under the headline theme “Making Sense of Scale”. Two of the senior industry analysts speaking on this topic are Martin Dixon, Director and […]

  • 12 April 2017
    Business & Finance

    Despite the freight rate improvements that followed the collapse of Hanjin Shipping in late August, the average operating margins of 13 main container carriers remained negative in the second half of 2016, according to Alphaliner. Due to the tough operating environment, only three carriers recorded positive operating results for the full year 2016, while the […]

  • 18 June 2014

    FESCO group has expanded its fleet with a new 133.5-meter vessel named FESCO Navarin, which was received at the Port of Rotterdam on June 11th 2014. The container carrier FESCO Navarin will operate under the flag of the Russian Federation and will then be registered in Vladivostok. The vessel’s full capacity is 707 TEU, and […]

  • 4 November 2016

    Rather than joining an alliance, container liners should use a blend of global mergers and smaller merger and acquisition (M&A) deals that can help reduce costs, consulting firm Boston Consulting Group (BCG) said.  Beyond the increase in scale that a merger brings, it can also unlock synergies, which will prove critical, according to BCG. Companies should […]

  • 1 December 2016
    Business & Finance

    Container shipping lines are in danger of putting future port investment at risk in their demands for terminal handling cost reductions, according to the recently launched Ports and Terminals Insight report published by global shipping consultancy Drewry. Terminal operators face a “perfect storm” of rising costs due to bigger ships, greater business risks from larger […]