ONE folds Hong Kong regional HQ into Singapore
Ocean Network Express is consolidating its Asian regional management in Singapore, folding its Hong Kong-based East Asia headquarters into a new Asia Pacific operation from…
Macquarie reveals $99m Technomar boxship refinancing
Macquarie has disclosed a $99m senior debt facility for George Youroukos-led Technomar covering the refinancing of seven containerships. The Australian financial group said the funding…
Berlin blocks COSCO takeover of German freight forwarder
Germany has blocked COSCO Shipping’s planned acquisition of an 80% stake in Hamburg freight forwarder Konrad Zippel, overriding an earlier competition clearance on national security…
Splash Wrap: Drones, driverless trains and the future of shipping
Maritime war spread far and wide in the Black Sea and the Middle East this week, attacks increasing both in number and geographical scope. This week’s Maritime CEO interview was…
Hapag-Lloyd exits MSC and ONE Asia–South America pact
Mediterranean Shipping Co (MSC) and Ocean Network Express are restructuring their vessel-sharing partnership between Asia and South America’s east coast, with Hapag-Lloyd dropping out of…
Baltic states push for EU-wide ban on Russian grain transit
Estonia, Latvia and Lithuania have called for an EU-wide ban on Russian grain transit, seeking to block Moscow from redirecting agricultural exports through European transport…
Zhonggu steps up boxship investments with larger newbuilds
China’s Zhonggu Shipping Group has signed up for two 14,000 teu containerships at Hudong-Zhonghua Shipbuilding, moving into significantly larger tonnage as investment across the group…
Guangzhou and Hong Kong open electric container shuttle
Guangzhou Port has launched the Greater Bay Area’s first zero-carbon container route, putting a battery-electric vessel into cross-border service between Nansha and Hong Kong. The…
China Merchants and COSCO move to exit Qingdao ore terminal
China Merchants Port and COSCO Shipping Ports are joining forces with IMC to sell a controlling stake in an iron ore terminal at China’s Qingdao…
Hai An lines up $70m feeder newbuild investment
Vietnamese shipowner Hai An Transport and Stevedoring has approved an investment of up to $70m in two feeder containerships at a Chinese shipyard, adding another…
Iraqi Line returns to Gulf container trade after 50 years
Iraq’s national shipping line is returning to scheduled container services in the Gulf after more than half a century, as the country seeks to rebuild…