Containers Weekly Round Up: Contract Negotiations in the Spotlight

November has turned out to be a tug of war contest for the global front haul routes as the annual contract negotiations take the...

CMA CGM’s €250 Million High Yield Bond Issuance

Shearman & Sterling represented BNP Paribas and HSBC as initial purchasers on CMA CGM’s €250 million issuance of 5.250% senior notes due 2025. The...

Fully Electric Cargo Ship Launched in Guangzhou

The world's first 2,000-metric-ton all-electric cargo ship has been launched in Guangzhou, the capital of Guangdong province.The ship, manufactured by the Guangzhou Shipyard International...

Sulphur-limit Clock is Ticking!

Shipowners must take decisions on their fuel strategy in the light of new International Maritime Organization (IMO) regulations.But according to one bunker broker, installing scrubbers...

Panama Canal Expansion Pits East Coast vs. West Coast

Asian shippers are siding with the Notorious B.I.G.’s declaration of regional loyalty from the 1997 hit “Goin’ Back to Cali”: “If I got to...

Fitch: Tanker Shipping Oversupply to Keep Rates Low

Oversupply in the tanker shipping market is expected to keep the rates low in 2018 while a glut can be noticed in delivering new...

Poor Stevedoring Contributed To Unsecured Cargo Stack Collapse

Summary On 18 December 2016, the bulk carrier ‘Graig Rotterdam’ was discharging a deck cargo of packaged timber at anchor in Alexandria Port, Egypt.That day,...

[Watch] ABS Internal Tank Drone Inspection

Cyberhawk Innovations, the world leader in inspection and survey using unmanned aerial vehicles (UAV), has been certified as an External Specialist by the American...

WinGD Engines to Power LNG Fueled Box Giants

CMA CGM’s LNG fueled box giants are all set to be powered by Winterthur Gas & Diesel Ltd.The WinGD engines comprise of a 12-cylinder...

Cargo Ship Drifted Across Darsena Port

On November 13, a cargo vessel reportedly drifted across the port of Darsena after breaking away from its mooring due to strong winds. What happened? The...