CMA CGM to Acquire European Shortsea Specialist Containerships

French shipping group CMA CGM has signed to acquire Finland's Containerships from Container Finance Ltd Oy. Containerships specializes in the intra-European shortsea shipping and logistics market. Container Finance’s holdings in Multi-Link Terminals Ltd and CD Holding Oy are also included in the deal and will become part of CMA CGM Group. Containerships has a fleet of … [Read more...]

Idle Containership Fleet Falls Below 100 as Demand for Tonnage Remains Tight

By Mike Wackett (The Loadstar) - The number of containerships in lay-up has dipped below 100, according to Alphaliner. Its latest survey reveals strong demand and tightening availability of tonnage which is putting the brakes on vessel scrapping. As at 8 January, there were 99 vessels, equating to 377,784 teu, anchored in hot or cold lay-up. This compares with 351 ships … [Read more...]

Overcapacity Returns to Haunt Liner Shipping as Newbuilds Queue Up

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...]