Industry News
INTERNATIONAL: Seanergy agrees three more ship sales with its bank
Seanergy Maritime has agreed to offload another three vessels, wiping $39moff its bank debt as it moves closer to completing its restructuring exercise.INTERNATIONAL: Second-quarter catastrophe looms for carriers
Maersk’s container activities contributed $204m to APMoller-Maersk group’s first-quarter results, based on an average rate of $1,385 per teu.INTERNATIONAL: Asia-Europe box rates dip into negative territory
The average spot rate on the Asia north Europe container trade is now too low to cover the average bunker surcharge, as rates dipped below the $700 per teu mark last week, hitting their lowest level in more than a year.ASIA: Indian ports tied up in red tape
Indian ports have endured a turbulent few years, with major concession deals falling apart and industry players split over the future role of a regulator that sets box-handling tariffs.Insurance
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