More Service Cuts Announced as Idle Containership Fleet Hits Record Level
By Mike Wackett, (The Loadstar) – Idled global container capacity has reached a record high of 1.57m teu, according to the latest data from Alphaliner.
By Mike Wackett, (The Loadstar) – Idled global container capacity has reached a record high of 1.57m teu, according to the latest data from Alphaliner.
NYK Line says it has taken delivery of the “cutting edge” newbuild MV NYK Blue Jay, a uniquely-designed 14,000 TEU capacity containership that
By Mike Wackett, Ocean carriers cancelled some 230 sailings in 2015 between Asia and North Europe to boost vessel utilisation levels, and, according to Drewry,
An ultra large containership had to make a controlled grounding in the Solent Saturday night while on its way to the port of Southampton, the second incident
By Mike Wackett (The Loadstar) – The jury is out as to whether the dramatic fall in oil prices in the past two years has produced a net benefit
By Mike Wackett (The Loadstar) – Lower bunker costs are “very welcome in an industry struggling to make a profit”, says shipping industry association
COPENHAGEN, Jan 26 (Reuters) – Global container ship capacity is expected to increase by 4.6 percent in 2016, the slowest growth rate in more than 25
By Mike Wackett (The Loadstar) – The seemingly never-ending quest by ocean carriers to operate bigger ships was a significant spur for orders for 60
International classification society ClassNK has released new guidance for large containerships more than two years after the loss of the MOL Comfort in the
The world’s idle containership fleet swelled to 238 vessels and topped 900,000 TEU in November as owners rapidly lay up containerships as the
A unit of China Shipping Container Lines (CSCL) has entered into bareboat charter agreements for the leasing of six ultra-large containerships with a
By Mike Wackett, The Loadstar The withdrawal of services during the winter slack season will, in the next few weeks, propel laid-up cellular capacity past the
COPENHAGEN, Oct 20 (Reuters) – The world’s largest container shipping company, Maersk Line, plans to raise spot freight rates sharply on
FRANKFURT (Reuters) – Container shipping group Hapag-Lloyd has received bids for all of the shares on offer for its planned stock market flotation
With all this talk about unmanned ships, could this be a glimpse into the future of containerships? Let’s hope not. But seriously… pictured here is
The Triple-E containership Madison Maersk leaves the Port of Rotterdam carrying 17,152 TEU – a record according to Maersk. Maersk says the vessel also
SHANGHAI, Oct 12 (Reuters) – Asian shipping lines including Japan’s Kawasaki Kisen Kaisha and China Shipping Container Lines have
Awesome. Make sure to turn on the 4K setting if you have the
By Gavin van Marle, The Loadstar The second panamax containership to undergo innovative “widening” conversion is set to return to the water next
By Mike Wackett, The Loadstar Some 90,000 teu of cellular capacity was consigned to lay-up in the past two weeks, taking redundant tonnage to its
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