Evergreen Line has launched a new digital platform to allow clients to access instant quotes and get secured space on its ships. The GreenX platform officially debuted yesterday after a soft launch in January from the Taiwanese line, the world’s seventh largest carrier. The digital platform is...
The nine founding members of the CargoSmart-led Global Shipping Business Network (GSBN) have signed a shareholders agreement as the pioneering blockchain grouping moves nearer to an official launch. The group has set out to come up with shared digital solutions for the shipping industry. It...
The coronavirus has set a new record for the amount inactive container tonnage around the world, smashing the huge volumes of idled boxships seen at anchorages in the wake of the global financial crisis or in the months after the collapse of Hanjin Shipping in 2016. Data from Alphaliner shows as of...
https://splash247.com/coronavirus-creates-record-amount-of-idled-tonnage/
NYSE-listed containership operator Seaspan Corporation has sealed a deal to acquire four secondhand 12,000 teu containerships for around $367 million in cash. The acquisition sees the Seaspan fleet pass the 1m teu mark. The vessels, three of which are built in 2018 and one in 2017, are scheduled...
https://splash247.com/seaspan-passes-1m-teu-capacity-with-acquisition-of-four-secondhand-boxships/
A.P. Moller – Maersk has secured a new $5bn revolving credit facility through a syndicate of 26 selected banks linked to the company’s performance in reducing emissions. The facility, which will become part of the company’s liquidity reserve, has a tenor of five years and may be extended by up to...
https://splash247.com/maersk-seals-5bn-credit-facility-linked-to-emissions-reductions/
The coronavirus is set to wipe a “chilling” 1.7m teu of container business, according to new research from Copenhagen-based Sea-Intelligence. Using what the consultancy admits as a “very rough” average of $1,000 per teu in freight rates, the Wuhan-originated illness translates into a $1.7bn...
https://splash247.com/coronavirus-wipes-away-1-7m-teu-of-liner-business/
Danish ship investment firm Navigare Capital Partners has acquired a 13,800 teu mega containership as it continues to expand its boxship fleet. VesselsValue data shows Navigare has brought in the 2014-built from Greek owner Nikolas Lemos-led Enesel for an undisclosed price. The vessel is valued at...
https://splash247.com/navigare-snaps-up-mega-boxship-from-enesel/
Maersk, the world’s largest containerline, is set to more than double the amount of heavy fuel oil (HFO) its fleet consumes by the end of the year. During an investor call at yesterday’s 2019 results briefing, Maersk, previously in the anti-scrubber camp, revealed it is now signed up to a large...
https://splash247.com/maersk-makes-late-scrubber-run-set-to-increase-hfo-use-by-150/
The ongoing doldrums in both the dry bulk and tanker market has failed to curb the appetite of buyers in the S&P market this past week with a fair amount of deals concluded. However, a slowdown in concluded deals was seen compared with volumes in prior weeks, especially in the larger size segments....
https://splash247.com/weekly-broker-the-bottom-of-the-market/
Container Corporation of India (Concor), the nation’s top container train operator, is rapidly diversifying. Having entered the domestic feeder shipping space a year ago with a pair of 700 teu ships, Concor is about to embark on its first international shipment. Concor will operate a service from...
https://splash247.com/container-corporation-of-india-goes-international/