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Oslo: SinOceanic Shipping (SinOceanic) is nearing a deal to refinance $205m of junior debts as negotiations continue between 81.9% owners Sinindo Holdings (Sinindo), creditor Oceanus International (Oceanus) and a Chinese…
The $5.25bn expansion of the Panama Canal has entered its most critical years with the conclusion of the new locks construction scheduled for the first quarter of 2015.
New York: Maersk’s Group's ceo Nils Andersen (pictured), visiting New York this week, was honored by ringing the opening bell at the NASDAQ marketplace, adjacent to the iconic Times Square.
Chittagong: Bangladesh-based Western Marine Shipyard inked a deal to build two new small container vessels for Neepa Paribahan and Mir & Islam Enterprise.
Shanghai: ZIM is set to upgrade its Asia-South America East Coast (ASE) service in mid-May, jointly with Cosco and Evergreen, deploying 8,500teu vessels.
Tokyo: Japan's three leading container carriers are poised to get more than $500m boost to their earnings as a result of the weak Japanese yen, reports said.
The administrator of the Panama Canal Jorge L. Quijano has defended its pricing structure as “fair”, and said the decision by Maersk Line to switch its Asia – US East…
Kaohsiung: Container carriers Coscon Container Lines, Evergreen Lines, Pacific International Lines (PIL) and Wan Hai Lines are jointly cooperating in the Asia-West Coast South America service.
Busan: Maersk Line will add South Korea's Busan port to its schedule of Asia-Europe (AE10) service from 29 April as the carrier expects rising volumes from the container port.
Shanghai: Taiwanese carrier Evergreen Line is joining forces with China's Cosco and Israel's Zim to upgrade their fleet operating in the Far East – South America Service (ESA).
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