Wednesday, September 15, 2021
ever ace
Shipping

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. Operated by Taiwanese line...

11 hours ago
Total Views: 3397

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 piloting themselves.  That’s the ambitious goal...

August 31, 2021
Total Views: 2348

Wednesday, July 21, 2021
Shipping

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 days as operators seek...

July 21, 2021
Total Views: 14438

Friday, July 16, 2021
Cosco container ship
Shipping

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 wholly-owned shipyard subsidiary COSCO Shipping Heavy Industry...

July 16, 2021
Total Views: 1470

Wednesday, June 23, 2021
containership sailing
Shipbuilding

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 newbuild orderbook to 39 ships. Seaspan said...

June 23, 2021
Total Views: 2310

Tuesday, June 22, 2021
hapag-lloyd ship
Shipbuilding

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), will have capacity of more than 23,500 TEU with dual...

June 22, 2021
Total Views: 3342

Friday, June 4, 2021
Shipping

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 goods which is expected to...

June 4, 2021
Total Views: 8241

Thursday, May 27, 2021
shipping container
Shipping

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 index showed, underscoring...

May 27, 2021
Total Views: 4086

port of los angeles and long beach
Ports

U.S. Import Boom Hits New Heights with Little Signs of Letting Up

By Gavin van Marle (The Loadstar) – Congestion levels at the major North America container gateways are now expected to persist until the summer, as the consumer-driven import boom continues. April set...

May 27, 2021
Total Views: 1658

Monday, May 24, 2021
autonomous shipping
Shipping

Digital Ocean Freight is 2021’s Biggest Winner

By Nick Carey and Lisa Baertlein (Reuters) – If suppliers in China fail to pick up freight containers to fill an order for MediaShop, Marcel Schneider gets an alert via...

May 24, 2021
Total Views: 4109

Friday, May 21, 2021
Shipping

Federal Maritime Commission Votes to Create New National Shipper Advisory Committee

The U.S. Federal maritime Commission has voted to create a National Shipper Advisory Committee to advise the FMC “on policies relating to the competitiveness, reliability, integrity, and fairness of the...

May 21, 2021
Total Views: 2343

Thursday, May 20, 2021
zim containership
Shipping

ZIM Rides Rising Tide to Record Quarterly Profit

By Gavin van Marle (The Loadstar) Israeli container shipping carrier Zim, recently listed on the New York Stock Exchange, rewarded investors yesterday, reporting first-quarter results that were among some of the best...

May 20, 2021
Total Views: 1222

Wednesday, May 19, 2021
port of los angeles-long beach
Shipping

Forecast Warns Link Between Container Traffic and Global Economic Growth Could Decline in Recovery

By Gavin van Marle (The Loadstar) – As economies continue to rebound, global container trade is expected to grow by 5.8% this year, according to a forecast today from Alphaliner. Recently, the...

May 19, 2021
Total Views: 2855

Monday, May 17, 2021
ONE Container ship
Shipping

Return of Blanked Asia-Europe Sailings as Carriers Bid to Get Back on Schedule

By Gavin van Marle (The Loadstar) – The spectre of blank sailings may be about to return to haunt shippers and forwarders on the Asia-Europe trades, as carrier begin to cancel departures...

May 17, 2021
Total Views: 1625

Thursday, May 13, 2021
Shipping

Containership Time-Charters Break New Records

By Mike Wackett (The Loadstar) – Four-year-plus charter deals are becoming the norm as shipowners ratchet up the pressure on liner companies. As their confidence of the sustainability of currently elevated freight...

May 13, 2021
Total Views: 3116

Wednesday, May 12, 2021
port of los angeles and long beach
Ports

Online Purchasing Drives Port of Long Beach to Record April

The Port of Long Beach reported its busiest April on record as the cargo boom continues. Dockworkers and terminal operators moved 746,188 twenty-foot equivalent units in April for a 43.6%...

May 12, 2021
Total Views: 1201

AFIF Hapag-Lloyd
Shipping

Hapag-Lloyd Reports $1.5 Billion Profit in First Quarter 2021

Germany container shipping company Hapag-Lloyd reported strong start to the year with a net profit of $1.45 billion in the first quarter. This compares to a net profit in the...

May 12, 2021
Total Views: 1401

Tuesday, May 11, 2021
CMA CGM ANTOINE DE SAINT EXUPERY
Shipping

Another ‘New Normal’ as Container Rollover Rates Increase

By Gavin van Marle (The Loadstar) – The number of container rollovers at major box ports continued to climb last month, affecting some 39% of all shipments, according to new data from...

May 11, 2021
Total Views: 7144

Monday, May 10, 2021
container ship at sea
Shipping

Containerships Increasing Speeds as Rates Continue to Climb

By Mike Wackett (The Loadstar) – A new survey by VesselsValue has found a “significant increase” in the average speed of containerships. The maritime valuation and market intelligence service said average laden containership...

May 10, 2021
Total Views: 9141

Thursday, May 6, 2021
shipping container
Shipping

Shippers Brace for Two More Years of Freight Rate Pain

By Mike Wackett (The Loadstar) – Shippers must brace themselves for at least two more years of elevated freight rates and tight supply, according to Drewry. The maritime consultant predicts average rates...

May 6, 2021
Total Views: 4367