MOL Tribute Loads Record 19,100 TEU in Singapore

The Ocean Network Express's ultra-large containership MOL Tribute has set a new record for the most twenty-foot equivalent containers ever loaded onto a vessel with 19,100 TEU.  The record-setting stow took place at the PSA Singapore terminal on February 11, 2019. It was announced by Navis, part of Cargotec Corporation, which provided the stowage planning … [Read more...]

Carriers Show Reduced Appetite for Megaship Orders, Drewry Says

By Mike Wackett (The Loadstar) - A “reduced appetite” for ordering ultra-large container vessels (ULCVs) and carriers instead aspiring to become global logistics integrators could finally balance container capacity supply with demand, according to new analysis from Drewry. Indeed, at the end of last year Maersk’s chief executive, Soren Skou, told The Financial Times: … [Read more...]

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...]