Hamburg Süd to Start Renewing Fleet in 2017
German container shipping line Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (Hamburg Süd) informed it will begin replacing existing tonnage with reefer newbuildings in the course of 2017.
Matson Eyes Fresh Funds as Part of Its Fleet Renewal
US-based container carrier Matson is looking to raise funds through the issuance of USD 75 million of 11-year final maturity senior unsecured notes as part of its fleet renewal program.
Algoma Collects Funds for Dry Bulk Fleet Renewal
The Canadian shipping company Algoma Central Corporation has decided to sell a part of its real estate portfolio in an effort to inject more funds into the renewal of its domestic dry bulk fleet.