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Seacon Shipping has struck a deal to buy into the container leasing sector, acquiring a 40% stake in CIMC Xinde Leasing (Shenzhen) for around $67.6m. The Hong Kong-listed, Qingdao-based owner and operator is purchasing the holding from Shenzhen Financial Leasing. Once the transaction is complete, CIMC Xinde will be owned 40% by Seacon, 40% by …
https://splash247.com/seacon-moves-into-box-leasing-with-67m-deal-for-cimc-unit/
https://splash247.com/seacon-moves-into-box-leasing-with-67m-deal-for-cimc-unit/German owner Carsten Rehder Schiffsmakler und Reederei has expanded its methanol-ready multipurpose newbuilding programme in India, contracting four firm units with options for two more at Garden Reach Shipbuilders & Engineers (GRSE). The deal will see the Hamburg-based company pay $62.4m to the Kolkata yard, with deliveries of the firm ships set between June 2028 …
https://splash247.com/carsten-rehder-inks-62m-mpp-order-in-india/
https://splash247.com/carsten-rehder-inks-62m-mpp-order-in-india/Costamare Bulkers has signed a wide-ranging cooperation agreement with Cargill, shifting focus toward steadier earnings while deepening ties with one of the dry bulk sector’s largest charterers. The New York-listed Greek owner said the deal includes transferring to Cargill most of its trading book, covering chartered-in tonnage, cargo commitments, and derivative positions. Four supramax vessels …
https://splash247.com/costamare-and-cargill-set-course-for-joint-dry-bulk-ventures/
https://splash247.com/costamare-and-cargill-set-course-for-joint-dry-bulk-ventures/The reefer sector has the worst Carbon Intensity Indicator (CII) ratings, while boxships currently enjoy having the most vessels within the safe A to C bands, according to new data from VesselsValue. VesselsValue data shows that around two-thirds of the container fleet today has a CII rating ranging between A to C, while 80% of …
https://splash247.com/reefer-fleet-on-thin-ice-as-majority-fail-carbon-intensity-tests/
https://splash247.com/reefer-fleet-on-thin-ice-as-majority-fail-carbon-intensity-tests/There are growing signs that a price war is breaking out in container shipping. Consultancy Linerlytica is already warning that operating margins have already dropped below breakeven on several key routes with carriers still prioritising market share over profitability. The Shanghai Containerized Freight Index and the China Containerized Freight Index have slipped by 70% and …
https://splash247.com/liner-price-war-looms-as-spot-rates-sink-below-breakeven/
https://splash247.com/liner-price-war-looms-as-spot-rates-sink-below-breakeven/China is taking preemptive action against the US’s plans to hike port fees for China-linked tonnage. Chinese premier Li Qiang signed a State Council decree over the weekend, which states that China will take necessary countermeasures against countries or regions that impose or support discriminatory bans, restrictions, or similar measures targeting Chinese operators, vessels, or …
https://splash247.com/china-prepares-retaliation-playbook-ahead-of-us-port-fee-deadline/
https://splash247.com/china-prepares-retaliation-playbook-ahead-of-us-port-fee-deadline/Carnival Corp raised its annual profit forecast on Monday, leaning on strong demand and higher ticket prices for its cruise vacations to offset mounting costs.The cruise operator has been investing heavily to offer more unique and private experiences…
https://www.marinelink.com/news/carnival-raises-profit-forecast-530536
https://www.marinelink.com/news/carnival-raises-profit-forecast-530536Hapag-Lloyd and DHL Global Forwarding have signed a three-year framework agreement for the purchase of Scope 3 greenhouse gas (GHG) emission reductions resulting from the use of sustainable marine fuels within Hapag-Lloyd’s fleet.As part of this agreement…
https://www.marinelink.com/news/hapaglloyd-dhl-partner-cut-scope-530537
https://www.marinelink.com/news/hapaglloyd-dhl-partner-cut-scope-530537US ship agency company T. Parker Host (HOST) has acquired Impala Terminals Burnside (Impala Burnside), a bulk facility located in Burnside, LA, at Mile Marker 169 on the East Bank of the Lower Mississippi River.Effective immediately, the site…
https://www.marinelink.com/news/host-acquires-impala-terminals-burnside-530538
https://www.marinelink.com/news/host-acquires-impala-terminals-burnside-530538The Panama Canal Authority has launched LoTSA 2.0, the next generation of its Long-Term Slot Allocation program.Building on the success of LoTSA 1.0, LoTSA 2.0 packages will transition from a 12-month horizon to a more agile 6-month offering, divided into two 6-month cycles.
https://www.marinelink.com/news/panama-canal-introduces-new-slot-530539
https://www.marinelink.com/news/panama-canal-introduces-new-slot-530539