Container rates increase again
Container index SCFI increased again after sliding last week. The increase happens despite a setback on routes between the Far East and Europe.
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Container index SCFI increased again after sliding last week. The increase happens despite a setback on routes between the Far East and Europe.
Voksende usikkerhed om verdenshandlen får nu Drewry til at sænke sine forventninger til containervæksten i 2019. Handelskrig mellem USA og Kina og de kommende svovlregler spiller ind.
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The consultancy firm adjusts its expectations for container market growth in 2019 on the basis of growing uncertainty about world trade due to factors like the US-China trade conflict and the upcoming sulfur regulations.
Blockshipping, founded by a number of former Maersk executives, enters partnership with a new developer and furthermore secures funds from the Danish Maritime Fund. However, the company is still some way off target after the original financing plan failed.
Orders for what might end up being 15 new mega-vessels from Hapag-Lloyd and Evergreen, announced last week, will not have a significant impact on the market, says Lars Jensen, CEO of Seaintelligence Consulting. Sources confirm Hapag-Lloyd's interest in six new vessels to ShippingWatch.
If EU Commissioner for Transport Violeta Bulc has her way, the container sector's consortia block exemption regulation should be extended, she says in an interview with ShippingWatch. The regulation gives liner companies certain competitive edges, and it is currently being reviewed.
Hvis det står til EU's transportkommissær, Violeta Bulc, bør containerindustriens særordning forlænges, siger hun. Ordningen giver rederierne bestemte konkurrencefordele og bliver gransket lige nu.
Hvis det står til EU's transportkommissær, Violeta Bulc, bør containerindustriens særordning forlænges, siger hun i et interview med ShippingWatch. Ordningen giver rederierne bestemte konkurrencefordele, og bliver gransket lige nu.
The liner companies' acquisition and consolidation race is "approaching its end," says one of the world's largest credit rating bureaus, Fitch. The bureau applauds the companies' venturing into logistics, but also points to several considerable challenges.
Hapag-Lloyd and Evergreen are getting ready to place orders for ultra-large container ships. Combined, this could entail orders worth USD 2.2 billion, writes The Wall Street Journal. Market sources confirm Hapag-Lloyd's interest in mega-ships to ShippingWatch.
The largest container ships have driven fleet growth in the container industry for many years, and this trend is set to continue. Meanwhile, demand for smaller container vessels will continue to decline, estimates Alphaliner.
De allerstørste containerskibe har i mange år drevet flådevæksten i containerindustrien, og sådan vil det også være fremover. Samtidig vil efterspørgslen på mindre containerskibe fortsætte med at falde, vurderer Alphaliner.
More than four times as many container ships have been scrapped so far this year than at the same time last year, according to numbers from shipbroker Braemar.
The container sector could face a significant shortage of smaller container ships in the years to come, projects Sea-Intelligence. Upwards of 600 ships should be ordered at the yards.
Liner major Hapag-Lloyd will equip all its 100,000 reefer containers with new tracking technology in a program dubbed Hapag-Lloyd Live. A key component of the technology comes from a small startup that was launched in 2016.
A new accounting standard has effected a significant rise in shipping companies' debt obligations, writes analyst firm Alphaliner. One carrier has increased its debt by over 100 percent following the new standard.
The container shipping lines have installed or ordered more than 840 scrubbers. According to Alphaliner, this shows that the exhaust cleaning systems are the preferred alternative to new fuels.
Liner majors CMA CGM and MSC now join Maersk and IBM's Tradelens platform. This marks the first time that Maersk's top competitors validate the platform.
A three-fold increase in the need for transport ahead of 2050, as projected by OECD, will put the shipping industry's climate targets under severe pressure, project manager for ports and shipping at OECD tells ShippingWatch.
A fire broke out on a South Korean container ship in Thailand this weekend. The first inspections show that the fire erupted in containers which contained a notorious chemical bleach. A video shows the scope of the fire.
Container freight rates have surged, and this has helped increase revenue at Israeli container line ZIM, though transported volumes have decreased.
A weaker growth in the first quarter combined with the escalating trade dispute between the US and China makes Alphaliner lower its expectations for growth in container shipping.
Maersk is expected to report an improved but far from spectacular result when the company publishes its interim report Friday, note several analysts, pointing to an uncertain future for the container shipping sector overall.
Consultancy firm McKinsey & Company has presented two scenarios for the container industry's evolution toward 2050. The outcomes are very different, and developments in India are a common key factor.
"It's not a 1:1 relationship between us and the shipping lines," says the European Shippers' Council, noting that the concentration among liner companies has only tilted the balance even further. Now the shippers hope that the EU can force changes through.
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