By Mike Wackett (The Loadstar) - The spectre of overcapacity is clouding recent analyst optimism that ocean carriers could be heading for a period of sustained profitability. During the first six months of this year, 26 newbuild ships of 14,000 teu-plus have been delivered – many of which will have been deployed between Asia and Europe, and according to Alphaliner, at least … [Read more...]
MOL: Containership ‘Windshield’ Achieves 2% Emissions Savings
Japanese shipping company Mitsui O.S.K. Lines says it has confirmed an average 2% reduction in overall carbon dioxide emissions in live tests of its containership "windshield" technology first unveiled by the company in 2015. The in-service demonstration of the windshield, which was co-developed by MOL, was carried out aboard the MOL-operated containership, MOL … [Read more...]
Madrid Maersk, the Latest World’s Biggest Containership, Enters Service in China
The latest ultra-large container vessel (ULCV) to wear the crown for the title of the 'world's largest containership', and one of the first vessels to surpass the 20,000 mark, has entered into service with its maiden port call in China. Maersk Line confirmed Tuesday that on 27 April 2017, Madrid Maersk, a 20,568 TEU containership and the first of Maersk Lines' 2nd generation … [Read more...]
Secondhand Market Heats Up For Small Containerships
By Mike Wackett (TheLoadstar) A lack of orders for smaller containerships over the past few years, with operators focused on large vessels, is attracting new investors into the secondhand market. Hamburg-based asset and investment manager MPC Capital said it had already raised $100m in equity to acquire a fleet of feeder (1,000-2,000 teu) and feedermax … [Read more...]
Fifteen Containers Lost from Cargo Ship in North Sea
A total of 15 containers were lost from a general cargo ship in the North Sea off the Netherlands on Wednesday. The Dutch Coastguard reported the containers were lost from the Marshall Islands-flagged cargo ship Red Cedar while underway northwest of Texel in the Netherlands. The ship was sailing from the Germany to the port of Antwerp at the time. The Coastguard sent … [Read more...]
2010-Built Panamax Containership ‘Hammonia Grenada’ Sold for Scrap
Another 7-year-old panamax containership is headed to the breakers, all but solidifying the death of the panamax-class amid global shipping's downturn and the opening of the expanded Panama Canal. Sources familiar with the matter tell us that 2010-built, 4,250 teu M/V Hammonia Grenada has been sold for about $5.5 million. The ship was spotted today in … [Read more...]
Containership owners may be next to be buffeted by ripples from the Hanjin collapse
By Mike Wackett (The Loadstar) - The next industry casualty of the Hanjin collapse may not be a carrier, but a major non-operating containership owner. In his industry predictions for 2017, Lars Jensen, chief executive and partner at SeaIntelligence, said today, “Non-operating vessel owners holding unwanted container tonnage will be hit particularly hard, and it is likely … [Read more...]