File Photo: tcly / Shutterstock By Mike Wackett (The Loadstar) - Idled containership capacity is expected to reach a record high of 3m teu within weeks, in the “worst capacity crisis the industry has ever seen”, according to new data from Alphaliner. With over 250 sailings already withdrawn in the second quarter, the consultant forecasts that the lay-ups will push the … [Read more...]
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Blanked Sailings Could Cost Carriers $23 Billion
Photo: Avigator Fortuner / Shutterstock By Gavin van Marle (The Loadstar) - The container shipping industry could lose as much as $23bn this year from reduced demand in the wake of the coronavirus pandemic. Demand for unitised shipping services is set to nosedive as a result of the economic devastation wrought by large swathes of the world forced into social … [Read more...]
Congestion Looms at U.S. Ports
File Photo: Port of Los Angeles By Ian Putzger in Toronto (The Loadstar) - The repercussions of Covid-19 have begun to hit US imports. As retail outlets, as well as many manufacturing operations, in North America are shuttered, anticipation of a surge of imports to compensate for China’s extended lunar new year hiatus are quickly disappearing. Instead, as more … [Read more...]
MSC Ship Busted Breaking HFO Carriage Ban
MSC Joanna. File Photo: MarineTraffic.com/ARATINO By Mike Wackett (The Loadstar) - MSC has become the first major ocean carrier to fall foul of the IMO’s ban on carrying non-compliant fuel. The 9,784 teu post-panamax MSC Joanna has been prohibited from operating in UAE waters for one year and its master banned indefinitely and facing legal action from the … [Read more...]
MSC Sending World’s Biggest Containerships to U.S. to Pick Up Empty Boxes
MSC Mia. File Photo: MarineTraffic.com/Rafael Marin By Mike Wackett - MSC is deploying the world’s biggest ships to evacuate empty containers from China to the US, as carriers on the transpacific try to overcome imbalances after weeks of coronavirus disruption to their box control systems. There have been reports of severe equipment shortages in the US and Europe as a … [Read more...]