Container ship fleet sees fastest growth in 15 years

Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6 million TEUs.

“Compared to one year ago, the capacity has risen 11% to 29.5 million TEUs, the fastest fleet growth in 15 years,” mentioned Niels Rasmussen, Chief Shipping Analyst at BIMCO.

During the first half of 2024, the delivery of new ships reached a new high. A total of 264 ships with a combined capacity of 1.6 million TEUs have been delivered from shipyards, two-thirds more than during the first...

PIL upgrades its eBL solution

Pacific International Lines (PIL) is partnering with WaveBL, a provider of digital trade solutions, to provide a wider range of electronic Bill of Lading (eBL) solutions to its customers.

WaveBL’s solution is expected to improve the ease, security, efficiency, and sustainability of PIL’s trade documentation process. Additionally, it is anticipated to provide a fuss-free experience for customers who will not be required to pre-register, making it a seamless transition to using eBL for shipments.


Shifts in Container Rankings: ZIM surpasses Yang Ming, CMA CGM set to overtake Maersk

MSC and ZIM Line are the fastest-growing mainline operators, according to the latest Alphaliner’s report.

MSC’s fleet has now crossed the 6 million TEU mark, thanks to aggressive newbuilding orders and recent purchases of second-hand, albeit elderly vessels.

The Swiss-Italian operator’s latest newbuilding is the 16,616 TEU MSC Juliette, which Guangzhou Shipyard International delivered on 18 July, making it the 17th large Post-Panamax addition to MSC’s fleet this year.

Last week, the Aponte...

San Pedro Bay Ports container dwell times remain low in June

Τhe average dwell time for containers moving by truck through the Ports of Los Angeles and Long Beach remained low and steady in June, compared to the previous month.

The average rail-destined cargo dwell time saw positive improvement with a decrease of approximately two days.

Cargo traveling through the San Pedro Bay Port Complex and destined for local delivery via truck spent an average of 2.70 days at port terminals in June, compared to the average of 2.47 days in May, according to a Pacific...

Protectionism will raise transport costs, says Dimerco

Taiwan-headquartered freight forwarder Dimerco, which knows a thing or two about building companies and reputations, with over 50 years of experience in the forwarding business, believes this market is the most challenging it’s ever been.

Alvin Fuh, VP of Dimerco’s ocean freight told Container News that beneficial cargo owners (BCOs) these days have to deal with a much more challenging and complex environment in their global supply chain networks, with black swan events, geopolitical disruptions...

Trump’s proposed US tariffs could impact Los Angeles port, director says

The proposed tariffs recommended by former president and Republican presidential nominee Donald Trump could “change the landscape for the future” of the Port of Los Angeles, the port’s executive director Gene Seroka said recently during the monthly presentation of port volumes.

Should he be re-elected this November, Trump is proposing a 10% tariff across all imported goods and a 60% tariff on goods from China for the more than US$3 trillion worth of goods coming into the United States, according...

SeaLead-operated boxship dodges Houthi assault

A container ship operated by SeaLead Shipping was attacked by Houthi missiles and drones on 20 July. The 2006-built, 5,059 TEU vessel Pumba was deployed to SeaLead’s Five Seas Express service connecting China to the Red Sea and the Mediterranean.

Vessel-tracking data shows Pumba departed Saudi Arabia’s port of Jeddah on 17 July and was likely heading towards Egypt’s Port Said.

The United Kingdom Maritime Trade Operations said that missiles, an air drone and a sea drone assaulted the ship, which...

Seafarer dies in blaze on Maersk-chartered ship

A seafarer has lost his life in the inferno of the newly built container ship Maersk Frankfurt, as firefighters continue to battle the flames three days after the fire broke out on 19 July.

The Panama-flagged 5,920 TEU Maersk Frankfurt, delivered to Japanese tonnage provider Tokei Kaiun from Imabari Shipbuilding in June, is on a three-year time charter to Maersk Line. Bernhard Schulte provides technical management to the ship.

Manned by 21 seafarers, Maersk Frankfurt sent a distress call while it...

Global IT outage disrupts operations at European box terminals

A global IT outage, caused by a software update from American cybersecurity technology company CrowdStrike, has prompted disruptions in several European container terminals, including Poland’s Baltic Hub, UK’s port of Felixstowe and the Dutch port of Rotterdam.

Baltic Hub informed that on the morning of July 19, the terminal was affected by difficulties caused by an operating systems failure.

“The failure was global in nature and involved a third-party software provider used by Baltic Hub,” noted...

Houthis fire projectiles at CMA CGM-operated ship

The Houthis have attacked a container vessel operated by French shipping company CMA CGM.

The Maritime and Port Authority of Singapore (MPA) said that it was informed around 10.30am local time today (19 July) that the 2001-built Singapore-flagged 2,078 TEU Lobivia was struck by unidentified projectiles while transiting the Gulf of Aden.

The resulting fire onboard was extinguished by the 24-man crew.

UK maritime security consultancy Ambrey said that Lobivia, which had three armed guards on board,...

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