Regional feeder line SITC firmed up an order for two 1,011-teu gearless container vessels from an unnamed Korean yard and exercised options for two more similar vessels for delivery in 2018 and 2019 respectively.

Maersk Line has confirmed a move to abort feeder services to and from 10 Chinese ports as part of an overall effort to reduce costs, amid the sluggish container shipping market.

Hong Kong’s Ever Harvest Group has proposed to issue around 350m shares to raise funds for acquiring vessels over the next two years.

Guangzhou Wenchong Shipyard has landed an order to build four feeder container vessels for US-based Tropical Shipping.

The sharp decline box rates dragged Regional Container Lines (RCL) into the red in the first quarter of 2016.

UAE-based Admiral Feeders is launching a new service connecting Jebel Ali with Al Maqal Port in Basra.

Oman Shipping Co (OSC) is taking on road transport in the country with a new feeder service that links all ports in the country with the UAE.

Taiwan’s shipbuilder CSBC Corp is hopeful of clinching several newbuilding orders this year including eight feeder boxships, a senior company official was quoted saying.

According to the statistics, the sub-3,000 teu smaller feeder vessel segment is the only one that has been relatively insulated from the plunge in charter rates for container vessels.

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