Colonial Pipeline outage could bear watching for equities of clean products tanker owners, Jefferies projects
CONTAINERSHIPS
Global Ship Lease cashes in on rampant charter market
New York-listed tonnage provider locks into longer charters at higher rates
Germany’s ‘bad bank’ sheds 10 ships and $477m of loans
Portfoliomanagement, the toxic loan spin-off of the former HSH Nordbank, is accelerating its winding-down process
Minsheng FL splashes out $700m on boxship sextet at DSIC
Booked vessels are believed to be options originally held by Mediterranean Shipping Co
CIT Group seals refinancing for Monaco containership owner
Madison Marine Corp is carrying out debt refinancing on five 4,000-teu boxships through New York financier
Huangpu Wenchong scores $290m in orders for boxships and LPG carriers
Chinese shipowner Tianjin Southwest books LPG vessels, while Schoeller Holdings-linked Green World is behind deal for a series of containerships
K Line scraps dividend and takes $143m charter hit in booming boxship markets
Japanese shipowner decides to write down difference between value of contracts with spin-off ONE and what it could have got in today’s charter market
Shippers Brace for Two More Years of Freight Rate Pain
By Mike Wackett (The Loadstar) – Shippers must brace themselves for at least two more years of elevated freight rates and tight supply, according to Drewry. The maritime consultant predicts average rates…
HMM poised to pull the trigger on $1.4bn order for 12 neo-panamaxes
Owner contacts South Korean yards about 13,000-teu boxships that will run on conventional fuel
Maersk Reports Pandemic-Fueled Record First Quarter
The world’s largest container shipping line A.P. Moller – Maersk reported an “exceptionally strong” first quarter, with the company benefitting from strong pandemic-fueled demand and significant disruptions in global supply…