Ships & Shipbuilding

Ships & Shipbuilding

Commentary

These are heady days for Hamburg, with its home carrier Hapag-Lloyd on the verge of acquiring the Chilean line CSAV’s container assets to leapfrog a couple of Asian rivals into fourth place in the global rankings just five years after it was rescued from a near-certain bankruptcy and a humiliating takeover by Singapore’s Neptune Orient Lines.

News & Analysis

12 Sep 2014
Taiwanese ocean carrier Yang Ming Line has confirmed that the fixed-rate time charter terms for five 14,000-TEU container ships, currently being built by CSBC Corp., will be extended to 10 years, with one two-year option, according to Seaspan.
29 Aug 2014
Rickmers Group said “strained” markets, currency exchange and weak charter rates contributed to revenue and profit declines in the first half of 2014, and that conditions will remain difficult through the rest of the year.
29 Aug 2014
NYK Line in May took delivery of the first post-Panamax car carrier built in Japan. Dubbed the Aries Leader, the new pure car carrier not only boasts a capacity of 7,000 vehicle units, but also a wide range of energy-saving technologies not found on other such vessels.
28 Aug 2014
An investment consortia including the U.S. private equity giant Kohlberg Kravis Roberts has acquired a portfolio of nine feeder container ships previously owned by German KG funds.
12 Aug 2014
Bulk and tanker shipowner Scorpio Group said today that it will enter the container ship market by helping to build the l
07 Aug 2014
Rickmers Maritime’s profit more than doubled in the second quarter as the Singapore-based container shipowner got a 20 percent discount on an early loan repayment.
06 Aug 2014
The idle container ship fleet has fallen to a three-year low but likely will start to grow again at the beginning of the fourth quarter as the peak shipping season draws to a close, according to Alphaliner.
01 Aug 2014
More than a year after the container ship MOL Comfort and its 4,382 containers sank in the Gulf of Aden, shippers are watching developments in a Japanese court and awaiting a classification society’s report on the sinking.
25 Jul 2014
Costamare’s revenue and net income grew in the second quarter as the Greek container shipowner boosted its fleet of chartered vessels.
23 Jul 2014
German banks’ toxic shipping loans are a matter of concern ahead of the European Central Bank’s stress tests, the International Monetary Fund warned.