Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
Sinokor Merchant Marine is said to have sold four panamax box ships to MSC for $350m, earning more than a seven-fold profit.
Brokers said that at the end of January, MSC bought the 2005-built 7,471 teu Baltic Bridge, 2010-built 4,432 teu Baltic South, 2006-built 4,298 teu North Bridge and 2002-built 4,253 teu Singapore Bridge.
Sinokor, South Korea’s largest non-listed shipowner, operates in intra-Asia lanes and tends to deploy feeder and sub-panamax vessels. Where larger boxships are concerned, it is active as a tonnage provider, ...
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