Container

Biden vows to tackle competition issues in liner shipping Biden vows to tackle competition issues in liner shipping
Ever Given weighs anchor and heads towards Europe Ever Given weighs anchor and heads towards Europe
ZIM seals another deal for 10 Seaspan newbuilds ZIM seals another deal for 10 Seaspan newbuilds
Box rates up 332% year-on-year, schedule reliability hits dire new lows Box rates up 332% year-on-year, schedule reliability hits dire new lows
More than 600,000 teu impacted from Yantian fallout More than 600,000 teu impacted from Yantian fallout
MSC takes 1,102 teu sister ships MSC takes 1,102 teu sister ships
Evergreen confirms plans to build 20 boxships Evergreen confirms plans to build 20 boxships
Container line schedule reliability at record low for 6th month running Container line schedule reliability at record low for 6th month running
The oceans are becoming a large container terminal The oceans are becoming a large container terminal
Songa Container fetches bumper price for post-panamax boxship Songa Container fetches bumper price for post-panamax boxship
MSC accelerates secondhand boxship buying spree MSC accelerates secondhand boxship buying spree
ZIM makes disappointing NYSE debut ZIM makes disappointing NYSE debut
Sudden megamax buying binge sees boxship orderbook to fleet ratio nudge past 10% Sudden megamax buying binge sees boxship orderbook to fleet ratio nudge past 10%
Trade lane competition set to feature in 2021 Trade lane competition set to feature in 2021
Container volume at eight major Chinese ports up 13.1% in early Nov Container volume at eight major Chinese ports up 13.1% in early Nov
PIL defaults on notes payment PIL defaults on notes payment
Russian Containership Causes COVID-19 Precautions in South Pacific Russian Containership Causes COVID-19 Precautions in South Pacific
ICTSI connects 31 terminals to TradeLens ICTSI connects 31 terminals to TradeLens
PIL seeks extra breathing space with court trip PIL seeks extra breathing space with court trip
Weekly Broker: MSC leads boxship buying charge Weekly Broker: MSC leads boxship buying charge
Container Haberleri

Biden vows to tackle competition issues in liner shipping

President Joe Biden will shortly order American transportation agencies to address competition in rail and shipping, as shippers struggle with sky high freight rates.

Ever Given weighs anchor and heads towards Europe

A ceremony was held in Egypt to mark an agreement on compensation for the Ever Given fiasco, with the giant boxship now on the move to leave the country where it has been in since a transit of the Suez Canal went badly wrong on March 23.

ZIM seals another deal for 10 Seaspan newbuilds

Seaspan Corporation has entered into long-term charters worth more than $1.5bn with Israeli carrier ZIM for ten 7,000 teu LNG-powered containership newbuilds.

Box rates up 332% year-on-year, schedule reliability hits dire new lows

Shippers might be paying 332% more per box that they were this time last year, according to the latest data from Drewry, yet they’re having to put up with the worst schedule reliability in the history of containerisation.

More than 600,000 teu impacted from Yantian fallout

Estimates suggest more than 600,000 teu has now been affected from the fallout of an outbreak of Covid-19 around Yantian Port in southern China with ports around the world braced for a severe shortage of equipment in the coming weeks, just as the US peak season gets underway.

MSC takes 1,102 teu sister ships

According to Alphaliner data, this latest swoop takes MSC’s secondhand buying spree to 49 ships since last August.

Evergreen confirms plans to build 20 boxships

Taiwanese liner Evergreen has announced that it will order twenty 15,000 teu containerships as part of a major fleet expansion plan

Container line schedule reliability at record low for 6th month running

Container line schedule reliability fell to its lowest level for the sixth consecutive month according to Sea-Intelligence.

The oceans are becoming a large container terminal

We continually read, see and hear news of hundreds of containers fallen into the sea from large containerships with their huge decks full of crumpled teu and feu.

Songa Container fetches bumper price for post-panamax boxship

The vessel was sold for $42.3m, far in excess of the $32.7m valuation according to both VesselsValue and MSI. The buyer was not named. Songa had originally picked the ship up for just $23m.

MSC accelerates secondhand boxship buying spree

Swiss-headquartered containerline Mediterranean Shipping Company (MSC) continues to snap up boxships in the secondhand market according to Alphaliner, acquiring eight vessels in the past three weeks as container shipping rates continue to surge.

ZIM makes disappointing NYSE debut

Israeli carrier ZIM’s IPO fell 23.2% on the first day of trading at the New York Stock Exchange with shares closing at $11.52, having started out at $15.

Sudden megamax buying binge sees boxship orderbook to fleet ratio nudge past 10%

A total of 25 giant megamax containerships were ordered in Q4 last year, nudging the boxship orderbook to fleet ratio into double-digit territory for the first time in a long time, according to data from Alphaliner.

Trade lane competition set to feature in 2021

Shippers should prepare themselves for greater competition between trade lanes in 2021, as global carriers capitalise on having the upper hand in upcoming contract negotiations.

Container volume at eight major Chinese ports up 13.1% in early Nov

The container volume at eight major Chinese ports increased 13.1% year-on-year in early November.

PIL defaults on notes payment

Under pressure Pacific International Lines (PIL) told the Singapore Exchange on Monday it would not pay back S$60m ($44.6m) of notes due yesterday.

Russian Containership Causes COVID-19 Precautions in South Pacific

The Cypriot-flagged container ship Fesco Askold, operated by the Russian Far Eastern Shipping Company (Fesco) is being linked to a new outbreak of the COVID-19. Samoa and American Samoa are rushing to react to the possibility of exposure to the virus.

ICTSI connects 31 terminals to TradeLens

Manila-based port operator ICTSI has connected all of its 31 terminals to TradeLens, a blockchain platform jointly developed by IBM and Maersk.

PIL seeks extra breathing space with court trip

PIL executive chairman SS Teo told Splash today: “As we have formulated a comprehensive restructuring plan with financial lenders, advisors and Heliconia Capital Management, today’s commencement of a scheme of arrangement process is a significant milestone for PIL in the debt-reprofiling plan to ensure the company’s long-term sustainability and success. It is a natural progression and will provide our creditors, noteholders, banks, and other interested parties the assurance that their interests will be treated in a fair and transparent way.”

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