Readers Picks of the Week

first_imgCMA CGM Severs Ties with HanjinFrench shipping major CMA CGM has sent a notice of termination to South Korea’s Hanjin Shipping related to each of the company’s services with immediate effect… Read More Hanjin Files for Court Receivership, HMM to Buy Its AssetsThe financially troubled Hanjin Shipping has succumbed to the prolonged depression in the shipping market as the South Korean carrier decided to file for court receivership… Read More Drewry: Container Shipping Rates See Signs of ReversalVolatility in container shipping freight rates is expected to remain very high as long as over-capacity and carrier industry instability continue… Read More World Maritime News Staff Interview: More Boxships Set to Join Scrap Markets in 4QAs the shipping industry saw an abundance of vessels leading to overcapacity in the shipping industry, accompanied with depressed freight rates, a number of shipowners opted to dispose of their vessels selling them for scrap… Read More Containership on Fire at Port of HamburgThe 2015-built containership CCNI Arauco has ignited at the German port of Hamburg on Thursday, according to data provided by the local fire department… Read More last_img