Container shipping

Containership fires: it is time to take action, says IUMI

Helle Hammer, IUMI Policy Forum Chair

Containership fires: it is time to take action, says IUMI

This year has already seen an alarming number of container ship fires including Yantian Express, APL Vancouver, Grande America, E.R. Kobe and KMTC Hong Kong. The escalation is of growing concern to IUMI (International Union of Marine Insurance) who used a recent forum to call for an urgent improvement to onboard firefighting systems.

At a conference in Arendal, Norway, organised by marine insurer and...

http://www.allaboutshipping.co.uk/2019/10/18/containership-fires-it-is-time-to-take-action-says-iumi/

Port Of Long Beach Breaks September Cargo Record, Surpasses 707,000 TEUs

port of long beach

The docks were busy last month in Long Beach, lifting the Port to the best September in its 108-year history. Dockworkers moved 706,956 twenty-foot equivalent units (TEUs) in September, 0.8% more than the same month a year ago.

Imports were down 0.7% to 354,919 TEUs, while exports were up 1.4% to 123,215 TEUs. Empty containers moved out of the United States to be reused in the global supply chain rose 2.9% to 228,822 TEUs.

“We saw increased ship calls in September,” said Port of Long Beach...

https://www.marineinsight.com/shipping-news/port-of-long-beach-breaks-september-cargo-record-surpasses-707000-teus/

Drewry: New Risks Heap More Pressure On Beleaguered Container Market

containership representation imge

The mood-music surrounding the container market has deteriorated further in the last three months, resulting in Drewry downgrading its outlook for world container port throughput for the current year and the rest of the five-year horizon in the Container Market Annual Review and Forecast 2019/20, recently published by Drewry Shipping Consultants.

Drewry now expects global port throughput to rise by 2.6% in 2019, down from the previous 3.0% expectation.

“The weight of risks pressing down on the...

https://www.marineinsight.com/shipping-news/drewry-new-risks-heap-more-pressure-on-beleaguered-container-market/

Performance Shippig sells post-panamax contship “Pucon”

PERFORMANCE SHIPPING INC. ANNOUNCES the sale of A  POST-panamax container VESSEL, the m/v PUCON

ATHENS, GREECE, September 27, 2019 – Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2006-built vessel “Pucon”, with delivery to the buyer latest by December 5, 2019, for a...

http://www.allaboutshipping.co.uk/2019/09/27/performance-shippig-sells-post-panamax-contship-pucon/

Hybridization is an attractive option for feeder vessels

Hybridization is an attractive option for feeder vessels

Dear Viewers,

The shipping industry must cut GHG emissions. A new joint study demonstrates how hybrid power systems can make a difference.

MAN Energy Solutions, DNV GL and Corvus Energy looked into hybridization options for larger cargo vessels with fluctuating energy needs. The ship chosen for the investigation was a 1,700 TEU diesel-powered container feeder vessel. The study showed that at current market conditions, using batteries as...

http://www.allaboutshipping.co.uk/2019/09/20/hybridization-is-an-attractive-option-for-feeder-vessels/

BIMCO Shipping Market Outlook: Container shipping sector and Macroeconomics September 2019

Peter Sand

BIMCO Shipping Market Outlook: Container shipping sector and Macroeconomics September 2019

MACROECONOMICS

Low growth persists amid trade tensions and a slowdown in global manufacturing

Global economic growth continues to slow with recession warnings sounding in many corners of the world, none of which points to high global trade volume growth for the time being.

The Global Manufacturing PMI (Purchasing Manager’s Index) reported by IHS Markit, has been under the threshold level of 50 in...

http://www.allaboutshipping.co.uk/2019/09/16/bimco-shipping-market-outlook-container-shipping-sector-and-macroeconomics-september-2019/

iContainers: Two Extra Factors To “Further Disrupt” The 2019 Peak Season

Drewry_container ship representation image

Digital freight forwarder iContainers says there are two extra factors this year that are set to “further disrupt” and throw a wrench in the day-to-day management of the shipping peak season.

The ocean freight industry has recently been operating under a cloud of uncertainty from Brexit and the unpredictable US-China trade war.

According to iContainers, these usual culprits aside, this year’s peak season is expected to be hit by two more contributing factors that could eventually affect global...

https://www.marineinsight.com/shipping-news/icontainers-two-extra-factors-to-further-disrupt-the-2019-peak-season/

How a global recession could impact ocean shipping

Are we approaching another global recession? The signs certainly don’t look good. Freightwaves has, however, put together a useful report on how the “pending” economic slump would hit the shipping sector. And it ain’t good. The financial crisis that hit in 2008 crippled ship owners with the aftershocks continuing to jolt the industry in ways it didn’t want to be jolted. In theory, consolidation could help – consolidated liners equates …

The post How a global recession could impact ocean shipping

https://theloadstar.com/how-a-global-recession-could-impact-ocean-shipping/

World’s Largest Container Ship Completes First Voyage From Asia To Europe

World's Largest Container Ship Completes First Voyage From Asia To Europe

MSC Mediterranean Shipping Company today announced that MSC Gülsün, the world’s largest container ship, has arrived in Europe after completing its landmark maiden voyage from the north of China.

MSC Gülsün is the first of a new class of 23,000+ TEU* vessels to be added in 2019-2020 to the global shipping network of MSC, a world leader in transportation and logistics.

Built at the Samsung Heavy Industries (SHI) Geoje shipyard in South Korea, MSC Gülsün sets a new standard in container shipping, in...

https://www.marineinsight.com/shipping-news/worlds-largest-container-ship-completes-first-voyage-from-asia-to-europe/

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