Kalypso Compagnia di Navigazione (KCN), part of the RIF Line Group, has been placed in liquidation following the arrest of one of the ships it operated in Taranto on 14 December 2023. The 2,518 teu ZHONG GU XIONG AN was arrested in Taranto for unpaid bunker bills by its Chinese creditors. It was one of 4 ships chartered by Kalypso from Zhonggu for its Marco Polo service connecting China, Bangladesh and the Mediterranean that has been dormant since October 2023 after Zhonggu refused to allow the
Focus Container Line has become the second casualty of the container market downturn after liquidators were appointed on 14 February 2023 to wind up the company that is based in Brendale in Queensland, Australia. It follows the insolvency of the UK based Allseas Global Project Logistics in October 2022. Both companies suffered from their ill-timed entry into the container shipping markets that have been hit by a collapse in freight rates. Focus Container Line was established in March 2022 but o