Bondholder wants MPC to withdraw crisis plan

Feeder shipping line MPC Container Ships should withdraw its proposal for a refinancing plan, says one of the shipping company's bondholders, which says the current proposal favors shareholders, reports Norwegian media.

Søren Toft announces starting date at MSC

There has been little news on Søren Toft since he, garnering much attention from the international shipping world, quit his job as COO at Maersk to become CEO of MSC. Toft is now ready to name a date for when he will start his new job in Geneva.

Hapag-Lloyd halts waste shipments to China

New Chinese legislation causes several container shipping lines to halt waste shipments to the country. Hapag-Lloyd is just the latest company to join that list, writes Reuters.

Container lines blank more sailings in third quarter

Container shipping companies blank even more sailings in the third quarter. Container carriers particularly pull capacity from the North Atlantic routes, which, according to Sea-Intelligence, indicates that the economy has yet to see a structural improvement.

Maersk hires new head of Asia Pacific from DB Schenker

A.P. Møller-Maersk appoints a new regional managing director of Asia Pacific, who comes from logistics company DB Schenker. He replaces the current regional managing director, who will take over Maersk's office in Latin America.

Container carriers have taken Moody's by surprise

Container carriers such as Maersk, Hapag-Lloyd and CMA CGM have managed and operated their fleets in a way which makes Moody's reconsider its rather pessimistic view of the sector in light of the coronavirus, the credit rating bureau tells ShippingWatch.

MPC will raise USD 15 million to weather corona storm

German container line MPC Container Ships is in urgent need of fresh capital to withstand the market downturn that followed the coronavirus outbreak. Without a deal, the carrier risks a fire sale of ships and, in the end, bankruptcy.

New technology in shipping is often used incorrectly

New technology and digitalization in shipping are often used incorrectly or end up being a stress factor for officers, a new report from Danish university Aarhus University concludes based on data from eight vessels. At worst, it may lead to accidents.

Container carriers resume voided sailings

Several of the sailings that were previously planned to be blanked are now being reinstated, writes Alphaliner. The inactive container fleet has thus reached a peak and is slowly receding again.

RAL's "paradigm shift" prompts new jobs

Royal Arctic Line has hired new employees at its Aalborg and Nuuk terminals to become more efficient after its partnership with Iceland's Eimskip officially took off. "It didn't make much difference before whether we arrived two hours early or late," RAL CEO tells ShippingWatch.

Kontainers sold in million-dollar transaction

Software firm Kontainers has been sold in a transaction that could amount to USD 12 million. The digital company has previously announced deals with container major Maersk and logistics companies Toll and Ceva.

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