Record Container Ordering in 2021 Created Equipment Surplus, Drewry Says
Container lessors and ocean carriers ordered a record number of containers in 2021 as congestion across global supply chains kept equipment tied up for longer,
gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.
Container lessors and ocean carriers ordered a record number of containers in 2021 as congestion across global supply chains kept equipment tied up for longer,
July 15 (Reuters) – Russia’s proposals on how to resume Ukrainian grain exports were “largely supported” by negotiators at talks this
By Áine Quinn (Bloomberg) — The Russian-occupied peninsula of Crimea is shipping more than 50 times the volume of food it usually does at this time
A CMA CGM-operated mega containership apparently lost an undisclosed number of containers overboard while underway in the Indian Ocean off the coast of
By Mike Wackett (The Loadstar) – Dockers walked out of German ports at six o’clock this morning at the start of a 48-hour strike that will paralyse
By Jonathan Saul LONDON, July 14 (Reuters) – Marine and energy equipment maker Wartsila will roll out its first methanol-powered engine in a new ship
South Korea’s flagship shipping line HMM will invest approximately $11 billion in the coming years to expand its fleet of container and bulk ships,
By Beril Akman, Megan Durisin and Daryna Krasnolutska (Bloomberg) — Negotiations over unblocking millions of tons of Ukraine’s grain exports were
By Augusta Saraiva and Ngai Yeung (Bloomberg) — The White House is monitoring labor talks in the logistics industry as unions representing 115,000 rail
Port of Los Angeles Executive Director Gene Seroka says clearing cargo—rail cargo, in particular— is critical to avoiding nationwide logjam during peak
The Russia-Ukraine conflict is driving bulk carrier congestion at Europe’s busiest port, according to a new report from VesselsValue. Since the outbreak
By Ellen Zhang and Ryan Woo BEIJING, July 13 (Reuters) – China’s exports rose at the fastest pace in five months in June as factories
More reporting today that the Indonesian Navy is seizing ships and holding captains for allegedly anchoring illegaly in its waters. By Stanley Widianto and Joe
With the IMO yet to finalize its climate change strategy, two Congressmen from California have introduced a bill seeking to eliminate greenhouse gas emissions
July 12 (Reuters) – Ukraine sparked hopes Tuesday for an increase in grain exports despite Russia’s blockade of Black Sea ports, noting that
By Sam Whelan (The Loadstar) – With mass testing again underway, there are renewed fears that Shanghai could go back into lockdown and disrupt peak
Euronav and Frontline on Tuesday announced a definitive agreement to combine the two companies, potentially creating a leading independent crude tanker
By Barry Parker (gCaptain) – As the “R” word, “recession” is increasingly being used by economic forecasters, questions are abounding regarding
The Biden Administration is continuing funding to improve the nation’s maritime networks and infrastructure, with the Department of
By Scott DiSavino July 11 (Reuters) – The United States, the world’s top natural gas producer, wants to send more liquefied natural gas (LNG) to
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