Bing Chen, Chairman, President & CEO of Seaspan Corporation

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 provided Purus with ammonia carrier acquisition financing

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

Suez and Panama Canals cut owners breaks to keep ships transiting

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

HMD to build four 1,800 TEU Con-Green box ships for Evergreen

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

Shell bunkers first LNG fueled vessel in CMA CGM Group fleet

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,

Taiwan’s Wan Hai Lines orders 20 containerships plus 8 options

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

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