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- Release on2022-10-18
- After Daewoo Shipbuilding decided to sell as a whole, the privatization of South Korea's largest shipping company HMM (formerly Hyundai Merchant Marine) has become a topic of great concern to the Korean government and opposition. Due to the surge in HMM's performance last year and this year, the company's valuation has risen sharply, and this once loss-making "state-owned enterprise" has become a "monster" that is difficult for any company to easily acquire. And as the super boom period of the global shipping industry is coming to an end, now, HMM's performance declines and may even suffer losses next year. The market situation reversed overnight, making HMM miss the best window for selling....Read More>>
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- Release on2022-10-18
- Hong-Kong based shipping company Seaspan Corporation has priced a USD 80 million public offering of its 8.2% Series G Preferred Shares at USD 25 per share. ...Read More>>
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- Release on2022-10-18
- All passengers and crewmembers from the passenger/car ferry Caribbean Fantasy, which ignited earlier today, were safely disembarked from the ship and brought to San Juan’s Pier 6, according to the United States Coast Guard’s twitter account....Read More>>
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- Release on2022-10-13
- Shipping lines are bracing for the harshest liner service cuts since the outbreak of the pandemic as demand levels on global trade lanes plummet and freight rates plummet....Read More>>
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- Release on2022-10-13
- It is reported that on October 6, workers of South African port terminal operator Transnet launched a strike over a wage dispute, and then the operator declared force majeure at the port. This could lead to the paralysis of port services and disruption of exports, which will also affect its rail freight network....Read More>>
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- Release on2022-10-12
- On October 12, Ningbo Zhoushan Port Co., Ltd. (abbreviated as "Ningbo Port", 601018) issued the "Announcement on Terminating Cooperation with Vale in the West Three Areas". The twenty-sixth meeting of the fifth board of directors was held, and the "Proposal on Termination of Cooperation between Ningbo Zhoushan Port Co., Ltd. and Vale on the West Third District Project" was reviewed and approved....Read More>>
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- Release on2022-10-11
- DREWRY Financial Research Services says it believes that CMA CGM of France is best positioned among the major carriers to be a perfect suitor for Orient Overseas (International) Limited (OOIL), the parent company of Hong Kong-based Orient Overseas Container Line (OOCL)....Read More>>
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- Release on2022-10-11
- Taiwanese intra-Asian operator teams up with Japanese liner giant to boost Thai-Indonesia links....Read More>>
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- Release on2022-10-10
- It is reported that despite the active measures taken by shipping companies to suspend shipping to reduce the supply of shipping capacity, the freight rates of major routes such as the United States and the West are still accelerating....Read More>>
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- Release on2022-09-30
- Factors such as global inflation, aggressive interest rate hikes in the United States and the war between Russia and Ukraine continue to impact the purchasing power of consumers in Europe and the United States. Container shipping rates have fallen for 15 consecutive weeks....Read More>>
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- Release on2022-09-29
- It is reported that at 4:30 a.m. local time on September 27, the container ship "GSL GRANIA" and the oil tanker "ZEPHYR I" collided in the waters between Malacca City and Singapore in the Straits of Malacca....Read More>>
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- Release on2022-09-29
- It is reported that MSC, the world's largest shipping company, announced that it has begun to develop air cargo solutions and enter the air transport market. In response to customer demand, MSC said it has started developing a new air freight solution, "MSC Air Cargo", as a complementary service to its container shipping solution....Read More>>
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