Goods headed from major trade regions to North America grew at a healthy pace in 2017, and except for a slight decrease on one trade route, this has continued into 2018, reports SeaIntel. But exports fared differently.
The past two years have been remarkable in terms of scrapping, as shipowners in 2016 set a new record for tonnage scrapped. And the ships were younger and bigger, writes SeaIntel in a new analysis. But a shift could be underway.
Newly established company Blockshipping wants to make it easier for carriers to share containers with each other. The company uses blockchain technology and employs several former Maersk employees on its executive team. ShippingWatch has interviewed one of them.
The members of one container alliance in particular have been busy ordering new vessels in the past six months. Looking at ships of more than 16,000 teu, this alliance accounts for 58.6 percent of the orders, writes SeaIntel in a new analysis.
It is a very poor investment to place money in container carriers such as Maersk Line or Hapag-Lloyd, according to a new report from McKinsey. Bad decisions made by the carriers over the past 20 years have burned billions of dollars, says the firm.
For Maersk Line to maintain its position as global leader, the carrier needs to develop its commercial business, says analyst Lars Jensen. Maersk Line has been unable to keep up with the market for three consecutive quarters, says Jensen.
A new waste policy in China could mean that in the near future the country might reject up to five million containers of waste material. This could impact those carriers which have traditionally sailed waste to China, reports Drewry.
Cosco and China Shipping will be the world's largest terminal operator in a few years after their merger. This year, China's billion-dollar investments in the Belt and Road have highlighted the country's power and competitors should take note, writes law firm.
The Japanese container merger ONE marks a new beginning for the Japanese shipping group MOL, stated CEO Junichiro Ikeda in his New Year message. "A full-scale recovery is still in the making," he said.
Container carriers tapped the yards more in 2017, ordering new capacity totaling 671,641 teu. An increase of 140 percent when compared with 2016 – though far from 2015 levels, shows an analysis from Alphaliner.