A spokesperson confirmed to Fairplay that shipping company is in talks with Blackrock but 'nothing is definite yet'.
Taiwan’s shipping company Wan Hai Lines cancels eight container ship orders from Japanese shipbuilder owing to significant changes in newbuilding rules and environmental regulations.
The head of Maersk Line said the industry as a whole would benefit by carriers holding off making any large container ship orders for another next two years.
A steadily improving market has pushed Maersk Group to a profit in Q2, although a possible USD300 million loss from the cyber attack will dent earnings in the next quarter.
Terminal business says it lost liner business at some of its terminals and rates were hit by industry consolidation and overcapacity in certain markets.
Singapore’s Pacific International Lines (PIL), port operator PSA International Pte Ltd, and technology giant IBM Singapore Pte Ltd work together to develop supply chain blockchain solutions
Chinese vessel CSCL Jupiter, which ran aground while departing from Antwerp and blocked the river gateway to the busy European port, has been refloated.
Signs are growing that the Lomar-owned 2,194 teu Kea Trader, grounded 90 nm southeast of New Caledonia, is developing into a constructive total loss for insurers.
Container lines have waited almost two years for a five-year block exemption from the city's competition law that was finally granted on 8 August.
China's top 10 container ports handled a combined 80.7 million teu in the first half of 2017.