Liner freight rates sink

News

These are worrying times for ocean carriers, with spot rates in many trades at historic lows. Data published by the Shanghai Containerised F...

Mitsubishi shipping fund

News

Japan-based Mitsubishi Corporation (MC) has raised US$300M for its MC Seamax Shipping Opportunities Fund (SSOF), which will acquire, manage ...

Box demand to rise

News
The demand for new containers is expected to strengthen in the next two/three years according to Charles-Hadrien Lassalle, associate directo...

CLUK sets the record straight

News
Bill Harrison, managing director of specialist European container leasing company, Container Leasing UK Ltd, has issued a statement ending m...

Shuffling aces in Russia’s pack

News
It looks as though Fesco wants to concentrate shipping and logistics operations over facilities on the Russian Far East. This is a dramatic ...

Singamas warns of “significant loss”

News
Based on a preliminary assessment by its management, container manufacturer Singamas has warned of a “significant loss” in its 2009 resu...

Eimskip pulls out of Containerships

News
Bringing an end to months of speculation (see, for example, WorldCargo News October 2008, p23), Eimskip, Iceland’s troubled container ship...

Decent year for Hempel

News
Denmark-based coatings manufacturer Hempel says it had a “decent” year in 2008 despite the downturn in the global economy that affected ...

Box builders under the cosh

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The full extent of the downturn in the container manufacturing sector is revealed in preliminary fourth quarter and full year 2008 figures j...

Downturn hits decal suppliers

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Although the majority have other business activities to help fill the gap, the loss of substantial container-related production has had a si...

Seacastle reefers sold

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Auriol Global Container Fund, a Luxembourg-registered fund managed by Deutsche Bank affiliate Luxembourg Financial Group (LFG), has bought 6...

CIMC/Singamas buy shares

News
The current lull in container production in China would appear to have prompted the world’s two biggest builders, China International Mari...