Wednesday, January 18, 2023

Cascading Tonnage Threatens Smaller Box Ships

By Mike Wackett (The Loadstar) – Ocean carriers are busy cascading bigger ships on to secondary trades in order to absorb some of their surplus tonnage

January 18, 2023
Total Views: 1640

Wednesday, January 11, 2023
Marty Walsh and Gene Seroka

How Did The Port Of Los Angeles Go From Boom To Bust?

By Laura Curtis (Bloomberg) A year ago this week, a record 109 container ships carrying US imports surrounded the twin ports of Los Angeles and Long Beach,

January 11, 2023
Total Views: 4759

Wednesday, December 14, 2022

Feeder Containerships Seen as Strong Candidates for Scrapping

By Ira Breskin – With operators of feeder containerships likely in 2023 to reduce capacity of vessels serving secondary ports, they effectively would cut

December 14, 2022
Total Views: 3152

Thursday, November 3, 2022

Idled Boxship Fleet Sails Past 1 Million TEUs as Blankings Fail to Stop Freight Rate Erosion

By Mike Wackett (The Loadstar) – The idled containership fleet has breached the 1m teu capacity milestone – and is set to jump significantly higher as

November 3, 2022
Total Views: 5489

Wednesday, October 19, 2022
container ship port

Idled Containership Fleet Set to Grow as Market Turns

By Mike Wackett (The Loadstar) – The number of carrier-controlled container vessels in lay-up is increasing exponentially as liner networks are

October 19, 2022
Total Views: 5551

Monday, July 4, 2022

Hong Kong Region Sees Jump in Ships in Aftermath of Typhoon Chaba

By Kevin Varley Jul 4, 2022(Bloomberg) –Typhoon Chaba has upset shipping after passing through the Hong Kong area over the weekend, creating a blip

July 4, 2022
Total Views: 1347

Thursday, June 2, 2022
south korean shipbuilding

Tight Shipbuilding Capacity in Asia Leaves Little Room for LNG Carriers

By Joyce Lee and Florence Tan SEOUL, June 2 (Reuters) – Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for

June 2, 2022
Total Views: 1280

Friday, March 18, 2022

Pay-Anything Mentality Grips U.S. Importers Fearful of More Shipping Woes

By Laura Curtis (Bloomberg) — U.S. importers, straining under a tapped-out supply chain, are increasingly offering top dollar for long-term shipping

March 18, 2022
Total Views: 1727

Monday, March 7, 2022
ship loads grain at the port of Odessa, Ukraine

Ukraine Uncertainties Cause Divergent Views for Shipping Markets

With the continued fighting in the Ukraine, and the uncertainties surrounding sanctions, port closings, embargoes, and other disrupters, the shipping markets

March 7, 2022
Total Views: 3568

Friday, February 4, 2022
Containership docking Port of Long Beach

Containership Charter Market Sets Fresh Record

If the container shipping market is showing signs softening, ship charter rates have yet to receive the memo. The HARPEX index, which tracks pricing in the

February 4, 2022
Total Views: 3185

Wednesday, December 29, 2021
container ship

Euroseas Announces New Containership Charters at More Than Twice the Rate of Existing Contracts

Greek containership operator Euroseas has announced its latest head-turning charters for two of its ships at “more than twice” the rate their

December 29, 2021
Total Views: 2754

Monday, September 27, 2021

Seaspan Adds 10 Containerships to Massive Newbuild Orderbook

Containership leasing company Seaspan Corporation announced Monday it has entered into an agreement with another for ten new containerships, bringing its

September 27, 2021
Total Views: 1611

Wednesday, September 15, 2021
ever ace

New World’s Biggest Containership Makes Maiden Call in the UK

The Ever Ace, the unofficial new title holder for the rank of the world’s largest container ship, has made its maiden call in the United Kingdom.

September 15, 2021
Total Views: 9732

Tuesday, August 31, 2021
Ship Design

First Autonomous Cargo Ship Faces Test With 236-Mile Voyage

By River Davis and Tsuyoshi Inajima (Bloomberg) — In just two decades from now, half of all domestic ships plying Japan’s coastal waters may be

August 31, 2021
Total Views: 2521

Wednesday, July 21, 2021

Containership Scrapping Tanks as Carriers Seek Out ‘Anything That Floats’

By Mike Wackett (The Loadstar) – Despite a 30% spike in prices for scrap, just 1,300 teu of cellular tonnage was sold for demolition in the past 60

July 21, 2021
Total Views: 14724

Friday, July 16, 2021
Cosco container ship

COSCO Shipping Places $1.5 Billion Order for 10 Containerships

Cosco Shipping has announced a $1.5 billion order for ten new containerships. The order was placed by COSCO Shipping Holdings at COSCO Shipping’s

July 16, 2021
Total Views: 1573

Wednesday, June 23, 2021
containership sailing

Seaspan Adds to Containership Orderbook

Hong Kong-based Seaspan Corporation today announced that it has entered into agreements for the construction of two new 12,000 TEU containerships, bringing its

June 23, 2021
Total Views: 2332

Tuesday, June 22, 2021
hapag-lloyd ship

Hapag-Lloyd Places New Order for Ultra-Large Containerships

Hapag-Lloyd has ordered another six ultra-large containerships in South Korea. The vessels, ordered from Daewoo Shipbuilding & Marine Engineering (DSME),

June 22, 2021
Total Views: 3405

Friday, June 4, 2021

CMA CGM Reports Soaring Profit of $2.1 Billion in First Quarter

French shipping giant CMA CGM, the world’s number three ocean carrier, reported Q1 2021 net profit of $2.1 billion driven by strong demand for consumer

June 4, 2021
Total Views: 8336

Thursday, May 27, 2021
shipping container

Container Rates Top $10,000 From Asia to Europe

By Brendan Murray (Bloomberg) — The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an

May 27, 2021
Total Views: 4111