Hyundai to Build Mega Containerships

Friday, January 07, 2005
Hapag-Lloyd today ordered three containerships to enable it to share in the continued growth forecast for the container transport market. It will be expanding its fleet by ten newbuildings to 61 vessels by 2008.
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Container Ships

KPCT Launches New Gulf Service

Containerized volumes are steadily increasing on the East Coast of India. Keeping pace with the growth, Krishnapatnam Port Co. Ltd. (KPCT) now offers a new service to the Gulf sector.

Shipping Freight Rates Drop Amidst Overcapacity

Shipping freight rates on the world's busiest route, from Asia to Northern Europe, fell by the largest percentage amount since 2008, reflecting wild volatility

HSH Bank to Split Off Bad Shipping Loans

German lender HSH Nordbank could split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter.

 
 
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