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Container Ship
The Houthis sank a ship. But their attacks may be less disruptive for now
Over the past few months, the Red Sea has shifted from a highly trafficked maritime passage to something more like a battleground. Attacks on cargo vessels by Houthi rebels have threatened both regional stability and the arteries of global commerce.
On March 2, the Rubymar finally sank. The cargo ship had been targeted by Houthi militants on Feb. 18 and had been taking on water in the days since. It’s the first vessel lost to the Houthi attacks in and around the Red Sea, which began in November...
2 dead after fire aboard container ship at Port Houston
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Two crew members died and a third was injured after a fire aboard a container ship at Port Houston.
Th...
https://www.freightwaves.com/news/2-dead-after-fire-aboard-container-ship-at-port-houston
Container Shipping Lines Brace For Impact Amidst Imminent Fee Hikes
- Container shipping lines are set to see another spike in costs next year.
- Suez Canal Authority (SCA) announced that it would increase fees on northbound transits by 15%.
- The increases will not apply to eastbound vessels returning to Asia whose last port call was at the Straits of Gibraltar.
The same hikes, which will take effect on 15 January, also apply to all other types of vessel except ro-ro ships, which will be subject to a 5% increase, sources Loadstar.
Hefty Cost IncreasesHowever,...
https://mfame.guru/container-shipping-lines-brace-for-impact-amidst-imminent-fee-hikes/
OneGlobal Shipping Market Report for October 2023
The attack by Hamas on Israel in October 2023 led to uncertainties in the oil supplies and global economic risks. The WTO reduced global trade projections, and during this time Chinese investors divested US assets at a four-year high level. Various developments were witnessed in the maritime and energy sectors including LNG and maritime industry changes.
Economy:- There is increasing concern about global oil supply due to the Hamas attack against Israel.
- Wo...
https://mfame.guru/oneglobal-shipping-market-report-for-october-2023/
Changing Consumer Behavior Affecting Container Shipping
As we near the end of the traditional peak season, the spot rate declines over the past 2 weeks are a very clear indicator that the peak season did not really materialize. Further to that, there are dark clouds looming over the horizon for the Transpacific trade, in part linked to US consumer behavior.
Changing Consumer BehaviorOne element is the change in consumer behavior we saw during the pandemic (from services to goods), which is very likely to change back and...
https://mfame.guru/changing-consumer-behavior-affecting-container-shipping/
COSCO’s Green Initiative to Transform Maritime Industry
COSCO Shipping Lines, a prominent Chinese shipping company, has marked a significant milestone by unveiling its first fully electric inland container ship in Yangzhou. This revolutionary vessel, known as N997, boasts a 700 TEU capacity and is powered by innovative container-sized battery units, setting a new standard for sustainable shipping.The report from engine.online.
- COSCO Shipping launches its first fully electric container ship, N997, powered by...
https://mfame.guru/coscos-green-initiative-to-transform-maritime-industry/
Container Shipping ‘Maxed Out’ Highlights Leading Shipping Analyst
Alphaliner head analyst Jan Tiedemann says “for the first time in history”, the latest fleet additions are replacement vessels rather than designed to boost global capacity.
Record DeliveriesWith record container ship deliveries expected this year and next, most analysts have predicted further heavy downside pressure on container shipping freight rates to be offset by carriers’ efforts to reduce capacity by slow steaming, layups or, alternatively, by a...
https://mfame.guru/container-shipping-maxed-out-highlights-leading-shipping-analyst/
World’s Largest Container Ship Sets Sail For The First Time
On March 16, MSC, the largest container ship in the world, set sail on her first trip from Ningbo Zhoushan Port, the port with the highest cargo throughput volume in the world, as reported by Asia News.
Largest containershipThe ship can carry up to 24,116 TEUs and is 399.99 metres long, 61.5 metres wide, and 33.2 metres high (20-foot equivalent units).
After being launched earlier this month in Shanghai, the ship, which was constructed by China State...
https://mfame.guru/worlds-largest-container-ship-sets-sail-for-the-first-time/
Superyacht Made From A Container Ship
The nautical take on erecting a residence out of cargo containers.
Comfort and safetyNothing is worse for the nouveau riche than realising the old guard at the yacht club doesn’t actually respect them. Buy this elegant $72 million pleasure vessel instead of those other old-money jumpers so you can really put them in their place. This is the Vard 1-08 Kilkea, a “pedigree-builder” superyacht formerly a container ship.
VARD 1- 08 KILKEA has unmatched seakeeping...