Containership Charter Market Sets Fresh Record
If the container shipping market is showing signs softening, ship charter rates have yet to receive the memo. The HARPEX index, which tracks pricing in the
If the container shipping market is showing signs softening, ship charter rates have yet to receive the memo. The HARPEX index, which tracks pricing in the
Greek containership operator Euroseas has announced its latest head-turning charters for two of its ships at “more than twice” the rate their
Containership leasing company Seaspan Corporation announced Monday it has entered into an agreement with another for ten new containerships, bringing its
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.
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
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
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
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
Hapag-Lloyd has ordered another six ultra-large containerships in South Korea. The vessels, ordered from Daewoo Shipbuilding & Marine Engineering (DSME),
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
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
By Gavin van Marle (The Loadstar) – Congestion levels at the major North America container gateways are now expected to persist until the summer, as
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
The U.S. Federal maritime Commission has voted to create a National Shipper Advisory Committee to advise the FMC “on policies relating to the
By Gavin van Marle (The Loadstar) Israeli container shipping carrier Zim, recently listed on the New York Stock Exchange, rewarded investors yesterday,
By Gavin van Marle (The Loadstar) – As economies continue to rebound, global container trade is expected to grow by 5.8% this year, according
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
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
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
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
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