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 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
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
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
Cheap bunker prices are tempting hard-pressed shipowners to send ships “the long way round” and avoid expensive Suez and Panama Canal transit fees. In response, the authorities of both canals are offering
South Korean shipbuilder Hyundai Mipo Dockyard (HMD) has won a KRW 110 billion (about $95 million) order to build four 1,800 TEU containerships for Taiwan’s Evergreen Marine Corporation. The vessels, each of
JANUARY 28, 2019 — The CMA CGM Group reports that the first LNG fueled vessel in its fleet was successfully bunkered with LNG January 24 at the Port of Rotterdam. The vessel,
NOVEMBER 13, 2018 — Taipei, Taiwan, headquartered Wan Hai Lines has placed orders for 20 new containerships, split between Japan Marine United Corporation and China’s Guangzhou Wenchong Shipyard and China Shipbuilding Trading
JULY 18, 2018 — Marseilles headquartered container shipping giant CMA CGM has contracted France’s BIO-UV Group to supply its Bio-Sea ballast water treatment systems (BWTS) to 17 containerships. The company’s nine 22,000
APRIL 10, 2018 — South Korea’s Hyundai Merchant Marine (HMM) says that, following announcement of the Korean government’s Five Year Plan for Rebuilding Korean Shipping, it is to order a series of
