Grounded Boxship Suspends Northbound Convoys in Suez

Image Courtesy: Dredging Suez Canal

Northbound convoys in the Suez Canal have been suspended following grounding of a 153,514 DWT containership ...

read more →

Containership Scrapping to Pick Up in 2016

Image Courtesy: NGO Shipbreaking Platform

Containership scrapping is expected to intensify in 2016 as charter market demand for Panamax ships is bound ...

read more →

KDB, Partners Earmark USD 1.2 Bn to Fund Boxships

KDB, Partners Earmark USD 1.2 Bn to Fund Boxships

The Korea Development Bank (KDB) together with four other financial institutions have signed a Memorandum of ...

read more →

Pirates Try to Hijack Maersk Line’s Containership

Illustration
Image Courtesy: Safmarine

The Nigerian Navy has prevented a group of pirates from hijacking the 28,844 dwt containership Safmarine Kuramo ...

read more →

Alphaliner: Containership Growth to Hit Record Low

Image Courtesy: World Shipping Council

This year’s global containership capacity is expected to grow at a pace of only 4.6%, the lowest ever ...

read more →

MOL Sees Few Prospects for Recovery

Image Courtesy: MOL

Japanese shipping company Mitsui OSK Lines’ (MOL) CEO Junichiro Ikeda said that the company sees “few ...

read more →

November Containership Reliability at 77.2 Pct

Image Courtesy: Evergreen

Containership reliability was broadly unchanged in November as the average on-time performance across all trades ...

read more →

To Lay-Up or Not to Lay-Up

Drewry To Lay-Up or Not to Lay-Up

As shipowners continue to lay up containerships as the market slows, the size of the idle fleet is expected to get ...

read more →

Costamare Partners Gives Up on IPO Plans

Costamare Partners Gives Up on IPO

Athens-based containership owner Costamare Partners LP, a wholly-owned subsidiary of Costamare Inc, cancelled its ...

read more →

Felixstowe Makes Room for One More Mega Ship

Port of Felixstowe Berth 9 opening at Port of Felixstowe, Suffolk, United Kingdom

Britain’s Port of Felixstowe will now be able to accommodate two of the world’s largest containerships ...

read more →

Danaos Sets Sights on Acquiring Second-Hand Post Panamaxes

Danaos

Danaos Corporation, Piraeus-based containership charter owner, reported an adjusted net income of USD 43.8 million ...

read more →

OOCL Takes Over Final 8,888-TEU Boxship Newbuild

OOCL Takes Delivery of Final 8888 TEU Boxship Newbuild

Orient Overseas Container Line (OOCL) has welcomed into the fleet the final 8,888 TEU class containership from a ...

read more →

Yang Ming Adds Five More Boxships to the Tally

Yang Ming Adds Five More Boxships to the Tally

Taiwanese container shipping company Yang Ming Marine Transport has returned to Japanese builder Imabari ...

read more →

Alphaliner: Containerhips Idling Away

Containerhips Idling Away

Idling of containerships across the global fleet has soared to new high in 2015 reaching 500,00 TEU capacity mark, ...

read more →

Boxship Kamala Ablaze in East China Sea

Boxship Ablaze in East China Sea

A Liberia-flagged container ship caught fire around midnight, July 11, some 220 miles west of the Japanese island ...

read more →

DSME Confirms Talks on Mega Order

DSME Confirms Talks on Mega Order

South Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering (DSME) confirmed today that it is in ...

read more →

Drewry: Carriers Bolster Supply in Asia-ECNA Trade

Carriers Bolster Supply in Asia-ECNA Trade

Upward spiralling headhaul freight rates earlier this year have lured most carriers to place a significant amount ...

read more →

Container Lines Cutting Carbon Footprint

Container Lines Carrying More while Polluting Less

At least three factors have substantially cut the fuel consumption of containerships: slow-steaming, the trend ...

read more →

BIMCO: Containership Rates Take a Nosedive

Container Ship

The containership freight rate including ocean freight and surcharges, i.e. was quoted at USD 466 per TEU for the ...

read more →

Rickmers Reederei Invests in Containerships

rickmers

Rickmers Reederei investing up to USD 260 million in three state-of-the-art container ships.

read more →

Infographic: 50 Years of Containership Growth

ContainerShipGrowthInfographic2015_1000X1125

The infographic presents you with containership growth starting from 1968 forecasting the next generation of ...

read more →