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South Korea will lease ships to HMM at "reasonable price"

Maersk Line and MSC's South Korean partner HMM now confirms the agreement made with state-owned bank Korea Shipping. The bank will buy ships from HMM and lease them back at a "reasonable price," informs the container carrier.

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SSY after Danish acquisition: "Hopefully 2+2=5"

Getting a foot in the door of Danish shipping was decisive for UK-based shipbroker Simpson Spence Young, which on Friday acquired Denmark's Bidsted & Co. "We're a good match," Chairman Mark Richardson tells ShippingWatch.

MSC to increase capacity of 11 vessels at Chinese yard

Container carrier MSC has signed a deal with a Chinese shipbuilder to increase the length of its 11 container ships, to boost their capacity to 17,000 teu. Competitor CMA CGM has also made a deal with the same yard, report several media.

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