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Hyundai Merchant has scaled back after 2M arrangement

Hyundai Merchant Marine has reduced its capacity by 28 percent in the period from April to June, according to Alphaliner. HMM has chartered nine vessels to the 2M alliance members Maersk Line and MSC, with whom the South Korean carrier has formed a vessel sharing agreement.

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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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