Boxship

Boxship Inactivity Leads To Increase in Charter Activity

  • Inactive boxship has peaked, and there has been a sudden uptick in chartering activity.
  • It has decreased by 110,000 teu to 521 ships totalling 2.61m teu.
  • This downward trend will continue in the foreseeable future.
  • Carriers progressively resume suspended services and reinstate selected sailings initially planned to be blanked.
  • Demand for VLCS units of 7,500 teu and over entirely vanished at the peak of the COVID-19 crisis.

According to an article published in Splash 247 and authored by Sam...

https://mfame.guru/boxship-inactivity-leads-to-increase-in-charter-activity/

World’s Largest Liner Puts Megamax Order Plans on Ice

Hapag-Lloyd has delayed its 23,000 teu newbuild plans as the liner faces up to the realities of plummeting demand for container transport due to coronavirus, reports Splash247.

Giant boxship orders on hold

Hapag-Lloyd had been expected earlier this year to join MSC, CMA CGM and HMM in ordering six giant boxships. But, CEO Rolf Habben Jansen recently said that the plans were put on hold.

Habben Jansen said, “We will need the big ships sooner or later, but no one should expect such an order in the...

http://mfame.guru/worlds-largest-liner-puts-megamax-order-plans-on-ice/

Increasing Ocean Carriers Idle Container Ships Due To Falling Demand

  • More than 10% of the global boxship fleet is anchored as Western markets due to lockdown.
  • Container ship operators have idled a record 13% of their capacity over the past month.
  • Alphaliner canceled 250 scheduled sailings in the second quarter alone.
  • Up to a third of capacity taken out in some trade routes.
  • The cutbacks have hit the world’s main trade lanes – Asia-Europe and trans-Pacific routes.
  • More than 20,000 containers each now is less than half full.
  • Warm layup vessels are anchored and...

http://mfame.guru/increasing-ocean-carriers-idle-container-ships-due-to-falling-demand/

Rise in Backhaul Box Rates Due To Coronavirus

freight index chart
  • The shortfall for cargo has risen due to cancellations of fronthaul container-ship sailings.
  • The ships sailing from China to the U.S. and Europe remained cancelled due to virus threat.
  • 77 container-ship sailings had been blanked including 48 trans-Pacific and 29 Asia-Europe.
  • The record cancellation of sailings has backhaul rates on many routes already starting to climb.
  • Head haul rates remain unchanged because coronavirus is limiting outbound cargo volumes.
  • The shutdown had a negative impact...

http://mfame.guru/rise-in-backhaul-box-rates-due-to-coronavirus/

Open Loop Scrubber Puzzle for Boxship Operators at Chinese Ports!

  • Vessels with open-loop scrubbers are expecting operational disruptions at chinese ports as there is no clear procedure insight.
  • Open-loop scrubber installed vessels are quired to switch to LSFO as they approach the coastal areas of China
  • But this automatic switch seems impractical and chinese port authorities will be preoccupied with coronavirus outbreak to look into the matter
  • While traveling outside the coastal areas in China, the shipowner must provide port state control letter as they are...

https://mfame.guru/open-loop-scrubber-puzzle-for-boxship-operators-at-chinese-ports/

Box Export Rates To Be Capped As China Slowly Goes Back To Work

freight index chart

Coronavirus fallout is beginning to show up in freight rates for outbound containerized cargoes from China, says an article published in Freight Waves.

Market Situation Right Now
  • The price to ship a forty-foot-equivalent unit (FEU) container on various trade lanes is tracked by the Freightos Baltic Daily Index.
  • The price to ship from China to the North American West Coast (SONAR: FBXD.CNAW) is down 7.9% over the past week, the price from China to the U.S. East Coast (SONAR: FBXD.CNAE) is down...

http://mfame.guru/box-export-rates-to-be-capped-as-china-slowly-goes-back-to-work/

Fire Alert: Containers Catch Fire Aboard APL Boxship!

According to an article published in The Maritime-Executive, a container fire broke out aboard the boxship APL Le Havre off the coast of Gujarat, prompting a response from the Indian Coast Guard.

What happened?

The APL Le Havre departed Karachi, bound for Nhava Sheva, a port complex outside Mumbai. A fire broke out in a container stack aft of the deckhouse while the vessel was at a position about 40 nm Porbandar, Gujarat.

Fire brought under control

The cutter ICGS Sangram diverted to the scene to...

http://mfame.guru/fire-alert-containers-catch-fire-aboard-apl-boxship/

Boxship Capacity Spikes on Scrubber Retrofits Withdrawn

According to an article published in Ship and Bunker News, the amount of boxship capacity withdrawn from service spiked in July as tonnage headed into shipyards for scrubber retrofits.

Scrubber retrofit work in progress

Alphaliner data indicates that as of July 30, 2019, there were 31 container vessels with a combined total capacity of 350,000 TEU out of service for scrubber retrofit work.

This compares to less than 50,000 TEU of capacity out of service due to scrubber retrofits
at the start of...

http://mfame.guru/boxship-capacity-spikes-on-scrubber-retrofits-withdrawn/

Despite Challenges CSBC Completes OOCL Boxship Scrubbers Retrofit

In a major development, the Taiwan’s state-owned shipbuilder CSBC Corp has announced that they have completed an installation of a scrubber into a 13,000-teu containership owned by Hong Kong’s Orient Overseas Container Line (OOCL), reports Seatrade Maritime News, Asia Correspondent, Lee Jong Liang.

About the work
  • The retrofitting job on the large ship took about one-and-a-half months to complete, according to the local news report.
  • The vessel docked on 22 May and the work was completed on 9 July.

http://mfame.guru/despite-challenges-csbc-completes-oocl-boxship-scrubbers-retrofit/

Scrubber-Equipped Tonnage Now Accounts for 36% of Box Ship Capacity

As the global maritime industry is sailing towards a new sulphur regulations imposed by the International Maritime Organisation (IMO), boxships are set to operate with scrubbers as part of their approach for compliance, reports Ship & Bunker.

Boxships set for compliance

There are now 844 box ships set to operate with scrubbers as part of their approach to IMO2020 compliance, according to the latest estimates from Alphaliner.

Of those, 73 vessels are already operating with the technology, 181 are...

http://mfame.guru/scrubber-equipped-tonnage-now-accounts-for-36-of-box-ship-capacity/

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