MAN Hired for World’s First Megaship Conversion to LNG Fuel

MAN Energy Solutions has signed a contract for the conversion of a 15,000 TEU container vessel to dual-fuel LNG operation. The container vessel MV SAJIR is owned by Hapag-Lloyd, one of the world's leading liner shipping companies, and normally serves a route from Asia to northern Europe via the Suez canal. The pilot project will entail the conversion of an existing, … [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...]

MSC to Close Capacity Gap on Maersk in 2019

By Mike Wackett (The Loadstar) - MSC is set to receive some 330,000 teu of newbuild tonnage this year and will close the gap on its 2M partner, Maersk Line, in the capacity rankings. According to new analysis by Alphaliner, MSC has the largest newbuild pipeline of all ocean carriers this year, with 20 vessels expected, for an aggregated total capacity of 334,550 teu. It … [Read more...]

Slowing Growth and More New ULCVs Widen Container Supply and Demand Gap

By Mike Wackett (The Loadstar) - Sluggish growth, combined with the delivery of more ultra-large container vessels (ULCVs) in the past month, has widened the gap between supply and demand. According to Alphaliner data, 1.21m teu of new container tonnage hit the water in the first 10 months of this year, of which 83% was for ships of 10,000 teu and above. Moreover, the … [Read more...]