A disgruntled individual bondholder of bankrupt Rickmers Maritime has dropped a suit aimed blocking the sale of the trust’s fleet to Navios Maritime Partners.
The record for the world’s largest containership has fallen for the third time in just two months with Orient Overseas Container Line (OOCL) smashing the 21,000 teu barrier.
While rising from a relatively low base, the container port industry seemed to spike in April with overall volumes at Cosco Shipping Ports rising 10.1% to 8.67m teu from 7.87m…
South Korea’s Hyundai Merchant Marine (HMM) announced late on Tuesday that it has finalised a KRW850bn ($758.4m) sale-and-leaseback deal involving 10 containerships with Korea Shipping & Offshore.
MSC set the record for the largest container ship to ever call an Israeli port last Friday.
A Rickmers Maritime Trust bondholder has brought an “unprecedented” injunction in attempt to stop the sale of its fleet to Navios Maritime Partners.