The Loadstar

The ill winds of the winter blew in favour of the new UK container port at London Gateway, when several ships were diverted from Felixstowe to the DP World

By Mike Wackett There were 27 newbuild containerships delivered in July – the highest monthly number since June 2013 and bringing the total so far this year

By Mike Wackett, UK-based containership owner Global Ship Lease (GSL) has revealed it has contracted revenue of $900m in long-term charters on 15 of its fleet

By Mike Wackett, With the usual aversion to publicity relating to its fleet, Mediterranean Shipping Company, the world’s second-biggest ocean carrier,

In the view of transport consultant Drewry, the Chinese regulators’ veto of the P3 Network last week is likely to hamper the much-needed stabilisation of the

In preparation for its container business merging into a “new” Hapag-Lloyd this year, troubled Chilean carrier CSAV is restructuring its liner business,

The extent of the decline in containership time charter hire rates in the past 10 years has been highlighted again with the sub-let of a trio of surplus

By Mike Wackett The number of laid-up containerships has fallen to a 30-month low, according to Alphaliner, which recorded just 146 ships of over 500teu idled

By Mike Wackett, Against the continued toxic mix of oversupply and weak demand, cash-strapped ocean carriers are being forced to consider every creative

By Mike Wackett Bigger and bigger ships operating at slower and slower speeds across the tradelanes of the world are testament to the single-minded desire of

By Gavin van Marle There is absolutely no sign that the overcapacity in container shipping is going to improve any time soon, according to a leading industry

By Mike Wackett Germany’s Hapag-Lloyd’s financial performance in 2013 fell “well short” of expectations, with the ocean carrier reporting a €97.4m

By Mike Wackett Hong Kong-based OOIL saw its net profit slashed by 84% in 2013, compared with the previous year, to $47m as the influx of ultra-large

In the worst-kept secret in container shipping, the CKYH alliance of Cosco, K Line, Yang Ming and Hanjin Shipping is to team up with Taiwan’s Evergreen Line

By Mike Wackett, Greek containership owner Danaos Corporation has revealed more details of its agreement with restructured ocean carrier Zim, which saw the

Japan’s MOL has begun legal action against the shipbuilder of the ill-fated 8,100 teu MOL Comfort, which sank in July last

The diverse business models of Japanese shipping giants NYK, MOL and K Line pulled them through to profitability at the nine-month stage, ending December 31

With the UK buffeted by a succession of storms, it has been an ill wind that has blown London Gateway some good over the festive period with DP World’s

By Gavin van Marle Container throughput in Pakistan could rise dramatically if China succeeds in its ambition to build a new deepwater port in the country

Taiwan’s largest container shipping company, Evergreen, has joined the growing group of carriers selling assets to turn around a year of loss-making