Maersk Could Lose Biggest Carrier Crown

By Mike Wackett (The Loadstar) - MSC is on course to overtake alliance partner Maersk as the biggest ocean carrier by capacity within the next two years. A new order for five 23,000 teu ULCVs from the South Korean Daewoo yard will take the Geneva-based carrier’s orderbook to 16 vessels, for a massive 305,352 teu, according to Alphaliner data. A disclosure from Daewoo this … [Read more...]

Tariff Delay May Mean Relief for U.S. West Coast Ports

By Alexander Whiteman (The Loadstar) - West coast US ports suffered last month, but there may be some relief with the news that the US government is rethinking plans for further tariffs in September. The port of Long Beach experienced a 9.7% volume drop in July, handling 621,780 teu, and executive director Mario Cordero pointed the finger of blame in just one … [Read more...]

End of Shipping Alliances Would Send Freight Rates Soaring

By Gavin van Marle in Rotterdam (The Loadstar) - Shipper opposition to deepsea liner shipping alliances may be dangerously misplaced, delegates at the TOC Container Supply Chain event in Rotterdam heard yesterday. Lars Jensen, chief executive and partner of SeaIntelligence Consulting, said efforts by some to bar container lines from operating in alliances, claiming they have … [Read more...]

After Lackluster First Quarter, Second Quarter Could Be Even Worse for Container Lines

By Mike Wackett (The Loadstar) - With the second quarter now two-thirds done ocean carriers look to be heading for a second successive H1 loss, making a good peak season more essential than ever for the sustainability of the liner industry. Last week CMA CGM completed the set of container lines that publish their financial results recording a less than inspiring $22m net … [Read more...]

More Carriers Turn to Scrubbers Ahead of IMO 2020

By Mike Wackett (The Loadstar) - Around 16% of the ocean carrier global fleet – equating to 36% in terms of teu capacity – will be equipped with exhaust gas cleaning scrubber systems to comply with the IMO 2020 0.5% sulphur cap, according to Alphaliner. Ships with approved scrubber systems installed will be allowed to continue to burn heavy fuel oil (HFO) after 1 January … [Read more...]