Day: December 11, 2015

Santa’s sleighs lie idle: Alphaliner warns of Xmas record for unemployed boxships

Dec 11, 2015

The number of 500+ teu containerships idled will hit a record high by the end of the year, according to French analysts Alphaliner. A total of 329 ships equivalent to 1.4m teu – equivalent to 7% of the global fleet – were laid...

China Approves Merger of Cosco, China Shipping

Dec 11, 2015

China’s two state shipping giants will combine their container-shipping assets among other restructuring efforts, as part of a multibillion-dollar merger to strengthen the nation’s competitiveness in an industry battered by weak...