More boxships sold as Red Sea crisis continues

The Red Sea crisis has rejuvenated the sales and purchases of container ships as vessel demand soars, according to Alphaliner’s latest report.

Some 141 ships of 572,600 TEUs were bought and sold between January and June, an average of 23 units per month. This compared to an average of 15 sales per month in the second half of 2023.

When Iran-backed Houthi rebels began attacking ships in response to Israel’s invasion of Palestine in November 2023, container ships began avoiding the Suez Canal and...

https://container-news.com/more-boxships-sold-as-red-sea-crisis-continues/

Boxship newbuildings still in demand despite high deliveries

Record newbuilding deliveries of 3.1 million TEUs this year have not discouraged new orders, according to Alphaliner’s report.

However, operators and tonnage providers are shifting their focus to mid-sized vessels of 8,000 to 17,000 TEUs, rather than the megamax ships commissioned during the Covid-19-induced boom.

Year-to-date, 64 boxships of 543,500 TEUs have been ordered, as the resurgent freight market and stricter environmental regulations have made market players renew their fleets.

The...

https://container-news.com/boxship-newbuildings-still-in-demand-despite-high-deliveries/

Booming May rates mask the looming capacity bomb

Massive increases in container shipping rates since 2 May are the consequence of Asian port congestion, US import demand, reduced Asia to Europe capacity and the ongoing geopolitical risks seen in the Red Sea, sending rates soaring by 28.8% in two weeks.

Drewry Shipping consultants said that average container freight rates had fallen week-on-week by 2.6% between 25 January and early May, boosting the top line of container shipping companies and their share prices by 19% this year so far.

However,...

https://container-news.com/booming-may-rates-mask-the-looming-capacity-bomb/

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