White House puts container shipping alliances in its crosshairs
In its latest briefing on the port congestion issue and its impact on the supply chain, the White House notes good progress in shifting import cargoes through the ports of Los Angeles
containerships
CIT arranges up to $58 million to refinance 4 box ships
CIT Group Inc. (NYSE: CIT) today reports that its Maritime Finance business has arranged to provide up to $58 million to refinance four containerships operated by Leonhardt & Blumberg. The financing includes
New Maersk box ships will be powered by largest-ever methanol fueled engines
The 16,000 TEU methanol fueled containerships just ordered by Maersk mark a substantial scale-up of the methanol powered technology from the previous size limit of around 2,000 TEU. So it is no
Big box ships need big engines, and WinGD is benefiting
Swiss based engine developer WinGD (Winterthur Gas & Diesel) reports thatm as shipowners continue to invest in big containerships, it has booked more than 80 orders of its largest engines in 2021
Seaspan orders another six containerships
Continuing its buying binge, containership leasing giant Seaspan Corporation, a wholly owned subsidiary of Atlas Corp.(NYSE: ATCO), reports that it has entered into an agreement with a major shipyard for six 15,000
Getting set for biggest box ships, GPA places 28-crane order with Konecranes
The Georgia Ports Authority (GPA) has ordered 20 eco-efficient Konecranes rubber tired gantry (RTG) cranes and 8 Konecranes ship-to-shore (STS) cranes for the Port of Savannah. Six of the STS cranes will
Seaspan Corporation orders eight newbuild box ships
Containership leasing giant Seaspan Corporation, a wholly owned subsidiary of Atlas Corp. (NYSE: ATCO), reports that it has entered into an agreement with a major shipyard for the construction of eight newbuild
CIT sole lead arranger on $45 million Mangrove Partners deal
CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven containerships. The financing was arranged on
Boxes lost overboard after “safety feature” triggered engine shut down
Maersk today gave more details of the February 17 incident in which the 13,100 TEU containership Maersk Eindhoven lost 260 containers overboard while en route to the U.S. West Coast. The incident
Hapag-Lloyd places $1 billion order for six ultra large box ships
Hamburg-headquartered Hapag-Lloyd has signed an order for six 23,500+ TEU container vessels with South Kiorea’s Daewoo Shipbuilding & Marine Engineering. Set for delivery between April and December 2023, the vessels represent a