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MPC Container Ships Is Facing Liquidity Concerns In The COVID-19 Scenario The Coronavirus pandemic has crippled the entire world in a state of fear and shock as the death toll is steadily on the rise and it shows no signs of slowing down. The COVID-19 scenario has destroyed many well-established business organizations as everything has come screeching to a sudden halt with little or no business transactions since the start of 2020. MPC Container Ships has gained popularity as being in charge of one of fastest-growing fleets of boxships (around 70 vessels in the current fleet) in the past few years and it is now undergoing liquidity concerns amidst the unfavourable situation that the maritime industry is now inevitably facing. The organization is suffering from reduced charter rates and the low utilization of its boxship fleet that has put a huge amount of strain on its liquidity factors. Ocean Network Express Includes 3,000 New Carrier Units To Its Refrigerated Container Fleet Ocean Network Express (ONE) has recently upgraded its existing refrigerated container fleet with 3,000 new Carrier Transicold PrimeLINE units along with the cooperation of Florens container leasing, in an attempt to tackle the ever-growing demand for perishable cargo items. Carrier Transicold belongs to a global provider of advanced automation technologies when it comes to providing modern-day solutions to heating, refrigeration, ventilating, and air conditioning (HVAC), fire, and security. Though the maritime arena is going through an unprecedented crisis on a long-term scale, ONE does not step back from expanding the reefer fleet as the global trade of refrigerated products is still continuing in full swing. HMM Algeciras Built By MAN Energy Solutions Gains Fame As World’s Largest Containership HMM Algeciras has been constructed by the world-famous MAN Energy Solutions from Germany and the powerful containership includes a MAN B&W 11G95ME-C engine and is now being regarded as the largest container vessel in the whole world. The colossal HMM Algeciras containership measures approximately 400 meters in length (also, 61 meters in beam) and weighs around 26,964 teu was built at the well-known Daewoo Shipbuilding and Marine Engineering (DSME) Okpo Shipyard in Geoje, Korea. The newbuild is currently operating between Europe and Asia through the Suez Canal. Ireland Is All Set To Introduce A Direct Container Shipping Service To The United States Ireland is ready to launch its very first direct container shipping operations to the United States through the first direct ‘container shipping’ link between the two countries. Ireland is hopeful that this improved connectivity will offer not only a quicker but also a far more trustworthy route to accentuate the trading services for smooth functioning of the supply chain. Throwing light on this new development, the Independent Container Line (ICL) is celebrating the launch of the brand-new weekly service in June that will soon start from the Port of Cork . Unifeeder Container Vessel Makes An Entry At The Newest Freight Port In Sweden The newest freight port known as the Stockholm Norvik Port in Sweden has received its maiden call from the Unifeeder Containership called SCA Tunadal. The 32-hectare container terminal is managed by Hutchison Ports and is now fully operational for attending vessel calls as well as shore-based business operations. Sources: https://splash247.com/mpc-container-ships-admits-liquidity-concerns/ https://www.porttechnology.org/news/one-adds-3000-units-to-reefer-fleet-to-meet-demand/ https://www.marinelink.com/news/record-engine-powers-worlds-largest-478892 https://maritime-executive.com/article/ireland-to-get-direct-container-service-to-the-usa https://www.marinelink.com/news/first-containership-arrives-swedens-478842