With one eye on industry shifts due to the changes in the key liner alliances, Malaysian port operator Westports Holdings is forecasting conservative container growth of between 1% and 5%…
First Ship Lease Trust (FSL Trust) has sank into the red for 2016 as the shipping trust took a $44.14m impairment loss on eight ships.
The Port of Singapore is set to be the big winner on the Asia – Europe trade following container shipping alliance reshuffles from 1 April according to Alphaliner.
Taiwan’s shipbuilder CSBC Corp has received an order cancellation from Syra Shipping for a feeder container vessel.
Containership owner Danaos slumped to a $366.2m loss in 2016 as it took hefty impairments including $205.2m related to bankrupt Hanjin Shipping.
Fourteen container lines including CMA CGM and Evergreen Marine have been fined by China’s ministry of transport over their failure to be transparent over the disclosure of their freight rates.
The weak global container shipping market is expected to recover gradually over this year as freight rates are inching up, according to Anchor Chang, chairman of Taiwan’s Evergreen Marine.
Hanjin Shipping has been officially declared bankrupt, closing the book on the world’s seventh largest container shipping line.