carrier

Asia-Europe Capacity Crunch Pushes Carriers To Increase Freight Rates!

According to a LoadStar article written by Mike Wackett, CMA CGM has announced a $300 increase in FAK rates from Asia to North Europe and the Mediterranean, to $2,000 per 40ft, from 1 June.

Other carriers are rolling out similar hikes as space on the trade gets tighter, following aggressive blanking programmes by all three alliances.

Ships Running Full, Carriers Hike Rates

According to eeSea data, carriers have so far announced the withdrawal of 28% of scheduled headhaul sailings this month,...

https://mfame.guru/asia-europe-capacity-crunch-pushes-carriers-to-increase-freight-rates/

State Bailouts Unfair Competitive Advantage for Carriers!

With Europe’s CMA CGM becoming the latest major container line to tap state aid, there are growing concerns that carriers will not compete on a level playing field post-coronavirus crisis, writes Mike Wackett in an article published in the LoadStar

What is it?
  • The Loadstar reported how CMA CGM secured a loan of  €1.05bn loan from a consortium of banks, 70% guaranteed by the state, and which can be extended by up to five years.
  • This followed South Korea’s $1bn bailout of its shipping sector,...

https://mfame.guru/state-bailouts-unfair-competitive-advantage-for-carriers/

Low Bunker Prices Aiding in Carriers Rerouting Bypassing the Suez Canal!

According to a LoadStar article written by Mike Wackett, with shippers seeking longer transit times during coronavirus lockdowns, carriers are considering routing some Asia-North Europe headhaul voyages via the Cape of Good Hope.

Rerouting Has Begun

It was reported last week that CMA CGM had re-routed its 16,020 teu CMA CGM Alexander Humboldt to Asia via South Africa, taking advantage of plummeting bunker prices and saving Suez Canal tolls.

According to Vessel Finder AIS data, the scrubber-fitted...

http://mfame.guru/low-bunker-prices-aiding-in-carriers-rerouting-bypassing-the-suez-canal/

Carriers Must Hunker Down in the Hope of Supply Manipulation!

Recently, the LoadStar’s Alessandro Pasetti asked Dan Gardner, president of Los-Angeles based Trade Facilitators, to expand on some of the very pertinent topics that he nailed down in a white paper headed “The Novel Coronavirus: China’s ‘Standing 8-Count’”, with a strong focus on the prospects and current dealings of the container shipping companies, in particular. Here’s an excerpt from that session as written by Pasetti in an article published in LoadStar.

But before you start here is a link

http://mfame.guru/carriers-must-hunker-down-in-the-hope-of-supply-manipulation/

Coronavirus Causes Nearly $2bn Loss for Box Carriers!

According to a Loadstar article wirtten by Gavin van Marle, the financial cost of the coronavirus outbreak to container lines is now approaching the $2bn mark, points out a new research conducted by the SeaIntelligence Consulting.

Massive Loss

Up to the beginning of this month, the Copenhagen-headquartered analyst estimates that the industry has lost 1.9m teu in volumes since the onset of the crisis, which dampened demand due to the widespread closure of factories in China.

“At a rough average...

http://mfame.guru/coronavirus-causes-nearly-2bn-loss-for-box-carriers/

2050 Decarbonization Threatens LNG Carrier Prospects!

  • Shippers need to think beyond 2030 and concentrate on new LNG technology
  • LNG carriers will become outdated in 2050 as the world moves to biofuels, hygrogen and ammonia fuels.
  • Future propulsion technology will change heavily making LNG carriers a liability
  • LNG ships sizes have also reached a stability phase.
  • The race to 2050 decarbonization will effect LNG prospects

With 2020 working in full force, the path towards further emission controlling regulations have started. A series of approaches...

http://mfame.guru/2050-decarbonization-threatens-lng-carrier-prospects/

SeaCube adds more Carrier Transicold reefers

SeaCube Containers LLC recently expanded its inventory with 5,000 new 40-foot high-cube containers refrigerated by Carrier Transicold PrimeLINE® systems.

SeaCube’s newest acquisitions include 4,000 containers equipped with PrimeLINE refrigeration units and 1,000 PrimeLINE ONE™ refrigerated containers.

“We continue to specify Carrier Transicold for the majority of our refrigerated containers based primarily on our customers’ preferences,” said Bob Sappio, CEO of SeaCube. “More often than not, our...

https://container-news.com/seacube-carrier-transicold-reefers/

Livestock carrier experiences engine malfunction off Portugal

The Government of Portugal issued a statement concerning a Sierra Leone-flagged livestock carrier that experienced an engine issue off the Portuguese coast immediately after departing from the port of Sines on Wednesday, October 23.

It is estimated that at the time of the incident, the vessel was carrying 1,400 cattle and 2,000 sheep. After the incident took place, the livestock carrier was towed back to the port where it arrived on Thursday, October 24. The ship was then allowed to depart Sines...

https://safety4sea.com/livestock-carrier-experiences-engine-malfunction-off-portugal/

UK’s new aircraft carrier sets sail

UK’s second aircraft carrier, HMS Prince of Wales, set sail for the first time. The 65,000-tonne warship left the basin at Rosyth Dockyard on the Forth, ready to begin sea trials. The ship was laid down eight years ago.

When the ship passes beneath the three iconic Forth crossings and strikes out into the North Sea, then the two largest warships ever built for the Royal Navy will be at sea at the same time. HMS Queen Elizabeth is currently in the North Atlantic preparing for operational training...

https://safety4sea.com/uks-new-aircraft-carrier-sets-sail/

Fincantieri Bay Shipbuilding cuts steel on Great Lakes bulk carrier

Fincantieri Bay Shipbuilding, Sturgeon Bay, Wis., has cut steel on a new 639’x78′ Great Lakes bulk carrier for The Interlake Steamship Co., Middleburg Heights, Oh. A ceremony was held at the shipyard Wednesday celebrating the start of construction on the first U.S.-flagged Great Lakes bulk carrier built in more than 35 years.

After careful preparation by Fincantieri Bay Shipbuilding’s blast and prime team, its fabrication team prepped and then cut the steel with automated precision within the...

https://www.workboat.com/news/shipbuilding/fincantieri-bay-shipbuilding-cuts-steel-on-great-lakes-bulk-carrier/

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