Shipping Demand Stays Strong Amid Tight Sea Cargo Market

According to Hapag-Lloyd CEO, a robust demand for shipping goods across the world’s oceans shows no signs of slowing down signaling that elevated rates in the tight market for seaborne cargo may extend into the second half of the year, Bloomberg Quint reports.

Surging demand amid strong bookings

Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said “Last week and this week we’ve still seen very strong bookings,” on a conference call April 8. “So I don’t see any signs around the corner than demand is...

Ripples from Suez ending in waves of price rises on all container tradelanes

There are reports of “sharp increases” in Asia-Europe container spot rates this week, as the fallout from the week-long Suez Canal blockage restricts both vessel and equipment capacity in Asia.
Today’s Ningbo Containerized Freight Index (NCFI) North Europe and Mediterranean component jumped by 8.7%, almost matching the 8.6% increase on the Shanghai Containerized Freight Index (SCFI).
“Carriers collectively pushed up rates for April voyages and booking prices rose sharply,” said the NCFI …


Hapag-Lloyd’s 1st LNG Containership Retrofit Enters Service

  • The world’s first conversion of a large containership to LNG as fuel has been completed, German liner company Hapag-Lloyd has confirmed.
  • The 15,000 TEU vessel Sajir, now renamed Brussels Express, departed the Chinese shipyard Huarun Dadong Dockyard Co. and is now heading toward Busan, Korea.

Germany’s Hapag-Lloyd has started using the world’s first ultra-large containership LNG retrofit on its Asia-North Europe trade lane, reports Offshore Energy.

Debut journey to Brussels Express

The 15,000 TEU...

HMM Nuri slated to transit Suez Canal on maiden voyage

The HMM Nuri, a newbuild with a carrying capacity of 16,000 twenty-foot equivalent units (TEUs), is making its maiden voyage — a trip that includes two Suez Canal transits.

Although the 20,000-TEU Ever Given was freed from the Suez Canal on Monday, the backlog of ships waiting to transit will take time to clear. More than 320 vessels were reportedly at anchor waiting for the Ever Given, which had been stuck sideways since March 23, to be moved so they could make their way through the 119-mile...

Η Hapag-Lloyd σχεδιάζει την έκδοση ομολόγου ύψους €300 εκατ.

Δεδομένων των ευνοϊκών συνθηκών της αγοράς, η γερμανική εταιρεία τακτικών γραμμών Hapag-Lloyd, σύμφωνα με ανακοίνωση που εξέδωσε, σχεδιάζει την έκδοση ομολόγου (senior note bond) αξίας 300 εκατ. ευρώ, το οποίο θα συμβαδίζει με τις αρχές της Διεθνούς Ένωσης Κεφαλαιαγοράς (International Capital Market Association ‒ ICMA). Για τον λόγο αυτόν, μια κοινοπραξία τραπεζών ορίστηκε, προκειμένου να έρθει σε επαφή με πιθανούς μελλοντικούς επενδυτές.

Τα έσοδα από την ενδεχόμενη έκδοση του ανωτέρω ομολόγου...

Suez salvage operators consider removing cargo to lighten distressed vessel

Tug boats try to move a big green container ship stuck in the mud.

Efforts continued Sunday to dislodge a massive container ship that ran aground in the Suez Canal during a windstorm six days ago and is blocking hundreds of cargo vessels, but there is no immediate end in sight to the shipping crisis as the ripple effects pile up.

Two more large tug boats joined the operation to refloat the 20,000-TEU Ever Given, and there are reports that the vessel was moved about 95 feet so far with the help of dredging vessels and onshore diggers.  The next refloating effort...

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