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Market News - VY KHANG TRADING AND TRANSPORTATION JSC

CMA CGM launches ship finance loan offer

French carrier CMA CGM said it has launched an “innovative financing offer” that enables shippers to access financing without a requirement for credit insurance. SHIPFIN bill of lading (B/L) will benefit shippers who need to access funds before their own customer has paid them, which will most likely mean small to medium sized enterprises. The […]

HMM launches extra loader to ease Suez blockage

HMM has announced the launch of an Asia-Europe extra loader service to alleviate the bottleneck created by the grounding of the Ever Given in the Suez Canal, and to ease the burden on South Korean exporters. South Korea’s largest liner operator said the 4,600TEU HMM Goodwill will set out from Busan on 26 April to […]

Mitsui to send staff to Mærsk Mc-Kinney Møller Center

Japanese technology company Mitsui & Co has agreed to the secondment of specialist technicians to the Copenhagen-based JapanMærsk Mc-Kinney Møller Center for Zero Carbon Shipping, following the signing of a partnership agreement. Mitsui and the centre say they are “committing to a long-term strategic collaboration” to develop zero carbon technologies with other centre partners for […]

Contship New attacked southwest of Nigeria

Security firm Dryad Global is reporting an ongoing incident involving the container ship Contship New which was reportedly boarded by pirates at around 10:30hrs UTC, crew members were reported mustered in the citadel. “This incident follows reports of two sightings of vessels suspected of involvement in piracy on the 21st April. One vessel was tracked […]

Miami box terminal finalises modernisation project

PortMiami’s South Florida Container Terminal (SFCT) has announced that it is close to completing its three-year modernisation project to prepare for future growth. The project focused on transforming the land into a more sustainable operation with new, electric rubber tyred gantry (RTG) cranes and added cargo storage space using a densification model which allows 2.5 […]

Ever Given crew should not be hostages in a legal war

Too often crew are used as a pawn in a legal chess match between owners and authorities. Sometimes that can lead to seafarers being stranded, sometimes for years, as with Mohammad Aisha, through no fault of their own. It is clear that the maritime community must stand in solidarity with these crew who are denied […]

Six days in Suez that altered the trade outlook

Ever Given disrupted the trade bottleneck known as the Suez Canal, which handles around 12% of global trade annually, causing hundreds of vessels to stack up at either end of the waterway in less than a week and has led to US$900 million lawsuit. The Suez Canal blockage prompts us to revisit access arrangements and […]

Sinotrans commissions quartet at Chinese yards

Sinotrans Container Lines (commonly known as Sinolines) has commissioned a pair of 2,400TEU ships from Yangzijiang Shipbuilding and a pair of 1,100TEU ships from China Merchants Jinling Shipyard (Nanjing). The orders were formalised at a contract signing ceremony on 16 April, attended by China Merchants Energy Shipping’s (CMES) chairman Xie Chunlin, CMES deputy general manager […]

Container lines are manoeuvring ahead of EU ETS decision claims NGO

An environmental NGO said that container lines calling for urgent action on market-based measures (MBM) from world leaders and the International Maritime Organization (IMO) are attempting to slow the introduction of the EU Emissions Trading System (EU ETS). Faig Abbasov, Director, Shipping at NGO Transport & Environment, told Container News does not believe that the […]

SeaCube equips its fleet with Carrier digital solution

SeaCube Containers LLC and Carrier Transicold have announced a strategic refrigerated asset management systems platform engagement. As a result, SeaCube will be the first intermodal equipment leasing company to incorporate Carrier’s Lynx Fleet solution into its fleet with an initial deployment of 2,000 PrimeLINE refrigerated container units. The Lynx Fleet solution includes proprietary technology that […]