Calculating Capacity

Secondary trades suffer as carriers continue to chase the big bucks

The cellular fleet grew by 4.5% last year, to 24.97m teu, but capacity was cut on some routes as carriers re-deployed as much tonnage as they could on the more lucrative east-west tradelanes.
According to today’s Alphaliner data, the transpacific carriers deployed a further 1.3m teu of capacity on the Asia-North America trade last year than in 2020, a huge 31% increase in slots – albeit that about half the extra …

The post Secondary trades suffer as carriers continue to chase the big bucks...

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On the wires: Your move, Cosco & ONE, as 2021’s capacity battle ends

Yesterday, the inevitable happened – MSC overtook Maersk to become the world’s largest shipping line, as measured by teu slot capacity.
It’s on all the news headlines – yesterday, Alphaliner’s Top 100 registered MSC’s fleet capacity at 4,284,728 teu, compared with Maersk’s 4,282,840 teu, the difference equivalent to a 1,888 teu mid-sized feeder ship.
[Editor’s note – the table above was published on 5 January, the day before MSC overtook Maersk]
Everyone in the …

The post On the wires: Your...

https://theloadstar.com/on-the-wires-your-move-cosco-one-as-2021s-capacity-battle-ends/

Carriers ‘scraping the barrel’ for tonnage as charter supply squeeze goes on

Carriers are “scraping the bottom of the barrel” for available tonnage, as the percentage of the global containership fleet commercially idle and not in dry dock has fallen to just 0.8%.
And according to the latest Alphaliner survey, the severe shortage of open tonnage is obliging potential charterers to significantly streamline the assessment process of candidates.
The consultant counted only 56 container vessels, for a capacity of 205,000 teu, as inactive, which …

The post Carriers ‘scraping...

https://theloadstar.com/carriers-scraping-the-barrel-for-tonnage-as-charter-supply-squeeze-goes-on/

Vessel-hungry MSC set to take Maersk’s crown as world’s largest box line

Based on box ship orderbooks and its aggressive purchasing in the second-hand market, MSC is set to usurp 2M partner Maersk next year to become the world’s largest container line.
According to Alphaliner data, the capacity gap between the two carriers currently stands at around 225,000 teu, with the Danish carrier operating a fleet of 709 ships for 4,121,964 teu, while MSC’s 588-ship fleet has a capacity of 3,897,002 teu.
However, the …

The post Vessel-hungry MSC set to take Maersk’s crown as...

https://theloadstar.com/vessel-hungry-msc-set-to-take-maersks-crown-as-worlds-largest-box-line/

‘The sky’s the limit’ for charter rates – that’s if you can find a ship

Containership owners are instructing their brokers not to entertain fixture offers of less than 12 months, and some are insisting on minimum two-year charters.
The charter market boxship boom that began in the larger sizes has filtered through to the smallest sectors, with Alphaliner reporting on several 24-month employments for vessels under 1,000 teu.
The consultant noted the new fixture of the 803 teu Jork Ruler by Peel Ports-owned feeder operator BG …

The post ‘The sky’s the limit’ for...

https://theloadstar.com/the-skys-the-limit-for-charter-rates-thats-if-you-can-find-a-ship/

Strong second half gives Yang Ming newfound financial confidence

Like its industry peers, Yang Ming saw profits soar in the final quarter of last year, recording a surplus of $343m, pushing full-year net profit to $405m.
Despite a 6.6% decline in liftings, to 5.1m teu, the Taiwanese carrier’s turnover improved 1.4% year on year, to $5.11bn, as freight rates leapt in the second half of the year while fuel costs remained low.
Yang Ming achieved its first profitable quarter in over …

The post Strong second half gives Yang Ming newfound financial confidence...

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As market overcapacity subsides, shipowners start to order newbuilds again

Container carriers and non-operating shipowners (NOOs) appear to have finally reacted to the severe capacity constraints in the global vessel fleet with a surge of new orders with shipyards.
According to new Alphaliner analysis, after a sustained period in which few new shipbuilding contracts were signed, with the industry struggling to manage structural overcapacity, “the last two quarters have seen a massive wave of fresh containership newbuilding orders, especially for ultra …

The post As...

https://theloadstar.com/as-market-overcapacity-subsides-shipowners-start-to-order-newbuilds-again/

How box lines can break free of the ‘boom-and-bust treadmill’ to stay profitable

Ocean carriers are enjoying a bull run of profitability, thanks to demand spikes and inflated freight rates, and now there is a unique opportunity for them to break out of the boom-and-bust industry cycle.
According to consultant AlixPartners’ 2021 Container Shipping Outlook, “the fundamentals that would support a breakaway from that cycle are in place”, adding: “Long the sick man of the transport ecosystem, the container shipping industry stands on the brink …

The post How box lines can break...

https://theloadstar.com/how-box-lines-can-break-free-of-the-boom-and-bust-treadmill-to-stay-profitable/

HMM’s newbuild box ships set to boost capacity on Asia-Europe FE4

HMM is strengthening its status within THE Alliance with the earlier-then-expected deployment of its eight 16,000 teu class newbuilds next month.
When ordered by the South Korean carrier in 2018, the vessels were described as having a maximum intake of 15,300 teu and were stemmed for delivery in the first half of this year.
The first, the 16,010 teu HMM Nuri, is on sea trials and expected to be phased-in to THEA’s …

The post HMM’s newbuild box ships set to boost capacity on Asia-Europe FE4...

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