Playing the asset game

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/

On the wires: Mærsk vs MSC – adult thumb-sucking

Kudos to the writers at ShippingWatch for noticing how narrow the gap between Mærsk and MSC has become in terms of fleet size: “MSC could be one ship away from overtaking Maersk as world’s largest container line”.
Firstly, stories with headlines like this always win readers (I’m a complete sucker for them, no matter how pointless they sometimes seem) because everyone supposedly loves a league table, and few spectacles are as …

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Market Insight: Goodbye sea forwarders, says carefree Mærsk (but we can sell you air!)

The worst nightmare of a brilliant CFO who talked to me well before Covid-19, behind close doors four years ago – when still so many referred to the freight forwarders as the smart ones in the chain – has become reality.
“They own the assets”
And that mere thought, you could tell from his eyes and body language, sent shivers down his spine as his company’s margins – yes those of a …

The post Market Insight: Goodbye sea forwarders, says carefree Mærsk (but we can sell you air!) appeared first on T...

https://theloadstar.com/market-insight-goodbye-sea-forwarders-says-carefree-maersk-but-we-can-sell-you-air/

MSC buys more second-hand ships and may be eyeing Seaspan newbuilds

The world’s largest non-operating containership owner, Seaspan Corporation, has ordered five newbuild 12,200 teu vessels, backed by 18-year charters with a major ocean carrier.
“All five vessels will commence long-term charters with a leading global liner company and are subject to vessel purchase obligations at the conclusion of the charters,” said Seaspan.
But it gave no details of the charterer, other than that it is a “long-standing customer”, or the construction yard.
“Executing …

The post M...

https://theloadstar.com/msc-buys-more-second-hand-ships-and-may-be-eyeing-seaspan-newbuilds/

MSC ‘returns to its roots’ with $260m spend on second-hand vessels

Geneva-headquartered shipping line MSC is “going back to its roots” with its recent purchase of 16 second-hand box ships, according to Alphaliner.
It was alluding to the first 25 years of MSC’s existence, when the carrier grew rapidly through second-hand vessel acquisitions before receiving its first newbuildings in 1996.
In the past four months, MSC has splashed over a quarter of a billion dollars on second-hand boxships as it prepares to usurp …

The post MSC ‘returns to its roots’ with $260m...

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Supply chain radar: Danaos, Seaspan & Costamare – winter’s coming but a bumper harvest seen

The mania sweeping the container shipping markets is now infecting its supplier sub-sectors, and the next six months could be a real sweet spot for non-operating shipowners (NOOs) with tonnage available for hire.
Who would have thought it only 12 months ago.
Background
On a preliminary basis, it’s useful to compare two sectors sharing the common trait of playing the asset game – non-operating shipowners (NOOs) and container leasing companies.
While their key customers …

The post Supply chain...

https://theloadstar.com/supply-chain-radar-danaos-seaspan-costamare-winters-coming-but-a-bumper-harvest-seen/

Danaos a big winner as box ship charter rates hit ‘phenomenal’ levels

With freight rates soaring, ocean carriers are prepared to pay more than double previous daily hire rates for chartered ships to secure tonnage and grab market share.
According to Greek-based containership non-operating owner Danaos Corporation’s CEO, John Coustas, current market rates are “phenomenal”.
He said Danaos had recently refixed seven vessels with carriers for 12-month periods or longer at considerably higher rates than last done.
“Ships coming off charters in the range of …

The post Da...

https://theloadstar.com/danaos-a-big-winner-as-box-ship-charter-rates-hit-phenomenal-levels/

MSC on ‘massive buying spree of second-hand tonnage’ to build capacity

With the containership charter market virtually sold out across all sizes, MSC is continuing to expand its fleet with a series of opportunist boxship purchases.
It is thereby closing the capacity gap on its 2M partner, Maersk.
According to Alphaliner, MSC has “embarked on a massive buying spree of second-hand tonnage worth around $180m, anticipating asset price rises, on the back of a fast-improving charter market”.
The consultant described the daily hire rates …

The post MSC on ‘massive buying...

https://theloadstar.com/msc-on-massive-buying-spree-of-second-hand-tonnage-to-build-capacity/

Charter market still soaring: ‘We’ll beat any rate to secure a panamax’

Containership charter rates continue to soar against a backdrop of tight supply across most sectors.
This is reflected in the latest idle tonnage report from Alphaliner showing 23 fewer ships (for 123,462 teu) in the idle fleet.
This is now down to 140 vessels, for 520,831 teu, representing just 2.2% of the global fleet.
The 23 includes 14 vessels undergoing scrubber retrofits “to fill sailing gaps in regular services or perform extra sailings” …

The post Charter market still soaring: ‘We’ll...

https://theloadstar.com/charter-market-still-soaring-well-beat-any-rate-to-secure-a-panamax/

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