The ULCV knock-on effect

As market overcapacity subsides, shipowners start to order newbuilds again

Container carriers and non-operating shipowners (NOOs) appear to have finally reacted to the severe capacity constraints in the global vessel fleet with a surge of new orders with shipyards.
According to new Alphaliner analysis, after a sustained period in which few new shipbuilding contracts were signed, with the industry struggling to manage structural overcapacity, “the last two quarters have seen a massive wave of fresh containership newbuilding orders, especially for ultra …

The post As...

https://theloadstar.com/as-market-overcapacity-subsides-shipowners-start-to-order-newbuilds-again/

Neglected: ageing mid-sized box ship fleet in ‘acute need of renewal’

The ageing fleet of small to medium-sized containerships needs replacing but carriers and non-operating owners have neglected to invest in these crucial workhorse vessels, according to Alphaliner.
“Over the past years, carriers have primarily placed orders for very large and ultra-large containerships,” said the consultant, noting that both the shipping lines and NOOs had “neglected the medium sized sector from 4,000-9,000 teu”.
A carrier contact admitted to The Loadstar recently that it …

The...

https://theloadstar.com/neglected-ageing-mid-sixed-box-ship-fleet-in-acute-need-of-renewal/

Transpacific rates hit new heights – now three times higher than Asia-Europe

Transpacific container shippers are paying more than three times as much as their Asia-North Europe counterparts, as freight rates on the headhaul leg from Asia to the west coast North America hit unprecedented highs.
According to new analysis from Alphaliner, after the Shanghai-Los Angeles SCFI spot rate reached a record $3,758 per feu on Friday, North American shippers and forwarders are now paying carriers $0.64 per nautical mile.
In contrast, North European …

The post Transpacific rates hit...

https://theloadstar.com/transpacific-rates-hit-new-heights-now-three-times-higher-than-asia-europe/

Blanked sailings and Covid-19 bounce-back bring new congestion at ports

As social lockdowns in Europe and North America continue to be eased, ports in the regions face increased congestion as activity picks up.
According to the International Association of Ports and Harbours’ latest Covid-19 Port Barometer report, published today, major container ports in Europe and North America are having to contend with a higher number of of moves per ship than ever before, as a result of the wave of blank …

The post Blanked sailings and Covid-19 bounce-back bring new congestion...

https://theloadstar.com/blanked-sailings-and-covid-19-bounce-back-bring-new-congestion-at-ports/

HMM awash with box ships as the other top ocean carriers cut capacity

Every deepsea carrier has reduced its operated capacity this year, except South Korea’s HMM, which is taking delivery of a series of the world’s largest vessels.
And, in a double-whammy, the carrier has also seen nine ships, amounting to nearly 100,000 teu, returned from its former 2M partners, according to new research from Alphaliner.
As part of a cooperation agreement signed in 2017, 2M partners Maersk and MSC had chartered the vessels …

The post HMM awash with box ships as the other top...

https://theloadstar.com/hmm-awash-with-box-ships-as-the-other-top-ocean-carriers-cut-capacity/

More blanked voyages certain on transpacific and east-west trades

South Korean carrier HMM’s latest ULCV, the HMM Algeciras, which at 23,964 teu is the world’s largest boxship, made its maiden call at Hamburg yesterday, exchanging some 13,600 teu in a single call.
The fate of the vessel remains unclear however, as it has been deployed on THE Alliance’s Asian-North Europe FE4 service, which is shortly to be merged with the FE2 string; alliance members rationalising capacity in the wake of …

The post More blanked voyages certain on transpacific and east-west...

https://theloadstar.com/more-blanked-voyages-certain-on-transpacific-and-east-west-trades/

HMM set to take delivery of the latest ‘world’s biggest boxship’ in April

South Korean carrier Hyundai Merchant Marine (HMM) is set to take the crown as operator of the world’s largest containership in April when it takes delivery of the HMM Algeciras.
According to a research note from Alphaliner today, the line disclosed that the new vessel, the first in a series of seven under construction at the DSME yard in South Korea, will have a nominal capacity of 23,964 teu.
The largest box …

The post HMM set to take delivery of the latest ‘world’s biggest boxship’ in April...

https://theloadstar.com/hmm-set-to-take-delivery-of-the-latest-worlds-biggest-boxship-in-april/

Hamburg set to see more ULCV calls as Elbe ‘passing box’ is completed

Ocean carriers serving the port of Hamburg will benefit from a significant reduction in vessel downtime following the completion of widening projects on the river Elbe.
Yesterday saw the opening of a 7km, 385-metre-wide ‘passing box’ on the river, between Wedel and Wittenbergen, allowing ships with a combined width of 98 metres to pass one another, thereby easing delays caused by time consuming one-way traffic restrictions.
Additionally, the fairway along a 36km …

The post Hamburg set to see...

https://theloadstar.com/hamburg-set-to-see-more-ulcv-calls-as-elbe-passing-box-is-completed/

Growth in global container demand dries up as trade war heats up

Global container demand growth slowed to just 1% over the first nine months of the year, as the US-China trade war put the brakes on liner expansion.
According to the latest review of the container sector by Bimco’s chief shipping analyst, Peter Sand, this sluggish growth compares with a much healthier 3.8% for the same period last year.
“The slowdown in demand is showing no signs of easing, and should the latest …

The post Growth in global container demand dries up as trade war heats up...

https://theloadstar.com/growth-in-global-container-demand-supply-dries-up-as-trade-war-heats-up/

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.