Panama Canal Containership Transits Dip in 2019

By Mike Wackett (The Loadstar) - The number of containerships transiting the Panama Canal during its fiscal year ending 30 September declined slightly, by 1.1% to 2,575. But there could be further reductions after ocean carriers announced a number of blanked sailings in the coming weeks on their Asia to US east coast all-water schedules ahead of the slack season. Dry bulk … [Read more...]

Samsung Heavy Industries to Build the World Largest Containerships for Evergreen

South Korean shipbuilder Samsung Heavy Industries will build six of the world’s biggest containerships for Taiwanese shipping company Evergreen Marine Corporation in a deal worth $920 million. SHI says the ships will measure 400-meters in length by 60-meters wide and with a nominal capacity 23,764 TEU, beating MSC Mediterranean Shipping Company’s record-holding MSC Gülsün, … [Read more...]

Global Container Fleet Tops 23 Million TEU as New Megaships Hit the Water

By Mike Wackett (The Loadstar) - A wave of ULCV deliveries this year has pushed the total containership fleet capacity over the 23m teu mark, with the last million slots added in a breath–taking 14 months, according to an Alphaliner report. However, the newbuilds, mostly consisting of ULCVs, have arrived at a time of softening demand growth across the major tradelanes of the … [Read more...]

Failure to Recoup Higher Low Sulphur Fuel Costs Could See Container Lines Blanking More Sailings

By Mike Wackett (The Loadstar) - With IMO 2020 0.5% sulphur cap on marine fuel just over 100 days from becoming law a leading shipping analyst has warned shippers that it is vital that ocean carriers succeed in obtaining their interim BAF surcharges. Container market expert and chief executive of SeaIntelligence Consulting Lars Jensen said that a failure to obtain … [Read more...]

CMA CGM Stays in Red

PARIS, Sept 6 (Reuters) - CMA CGM, the world's fourth-largest container shipping firm, reported a second straight quarterly loss as its takeover of CEVA Logistics weighed on its results, but said its business volumes remained strong thanks to growth in the U.S. economy. The French-based group said on Friday that it expected a better second half of the year, supported by … [Read more...]