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...]

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...]

Maersk Containership Loads World Record 19,038 TEUs in Malaysia

With a load of 19,038 TEU, the Maersk Line ultra-large containership Mumbai Maersk has set a new world record for the largest load ever carried by containership. The accomplishment marked the first time a ship has surpassed the once-mythical 19,000 TEU mark. The Mumbai Maersk, one of Maersk's second generation Triple-E's, set the record this past weekend at the Tanjung … [Read more...]