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Photo: Zim Integrated Shipping Services

Zim withdraws from Transpacific Stabilization Agreement

Container:

Israeli container carrier Zim is opting out of the TSA – Transpacific Stabilization Agreement – which is the container collaboration on the Pacific.


BY LOUISE VOGDRUP-SCHMIDT
Published 28.12.16 at 15:21

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Rickmers Maritime Trust sells entire fleet to Navios

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Rickmers Maritime Trust is selling its entire fleet of container vessels to a Greek carrier. The sale comes one week after the Singapore-based company announced that it was giving up after battling to survive for months, and would close down.

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One of Maersk Line's competitor's, and member of The Alliance, Taiwan's Yang Ming Marine, is battling to create a sustainable future and shrink its huge debt. Drewry believes it has a long way to go.

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The world's first container ship with a capacity of a little over 20,000 teu has hit the water. The ship belongs to Japan's Mitsui OSK Lines, which could lose the record already this year.

This is how Maersk Line will digitize its fleet

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Maersk Line annually earmarks a double-digit million-dollar figure to roll out a digital strategy for its fleet, says Niels Bruus, the carrier's head of future solutions for fleet management and technology. All Maersk Line's vessels are expected to be digitally linked by 2018.

Zeaborn takes over Rickmers-Linie and NPC Projects

Container:

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Yang Ming books huge loss in 2016

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Media report that Taiwanese container carrier Yang Ming emerged from 2016 with a deficit of USD 493.6 million, almost double the 2015 deficit.

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Kuehne+Nagel CEO: Container industry has a problem

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One of Europe's biggest logistics and forwarding companies, Kuehne+Nagel, will take the container carriers' abilities to go digital into account when signing orders in the future, CEO Detlef Trefzger tells ShippingWatch.

These are the new lenders in shipping

Services:

Since the turn of the year alone, numerous new financing opportunities have emerged for the shipping companies as alternatives to the traditional shipping banks. ShippingWatch provides an overview below.

Singapore wants more investors to enter the field

Services:

Despite its indisputable role as the world's shipping center, financing for maritime companies has been lagging behind in Singapore, and the country will now work to bring carriers and investors closer together. The understanding of shipping as an investment represents one of the challenges.

Bimco: Tanker scrapping will quadruple this year

Tanker:

There has been major growth in the number of scrapped oil and product tanker vessels during 2017, but this is not likely to ease the pressure on the tanker market, writes Bimco in a new forecast.

Media: Norwegian carriers secure wind orders for NOK 4 billion

Carriers:

Last year, Norwegian carriers bagged orders in offshore wind worth at least NOK 4 billion, according to calculations from Norway's Sysla.

Pacific Basin hires CFO from BW Pacific

Bulk:

Pacific Basin has hired a new CFO who is joining the company from tanker carrier BW Pacific. He has a background in the finance sector and will start in his new position in August when the current CFO steps down.

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