Containers
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MSC and CMA CGM buy up more chartered containerships
CMA CGM is reported by brokers to have exercised a purchase option for a long-term chartered sub post-panamax. Meanwhile, MSC has brought its tally of secondhand containership buys since the beginning of 2023 to some 65 vessels
Red Sea rerouting hits east Mediterranean transhipment hubs
The closure of the Red Sea route to the Mediterranean has seen larger vessels skip the region; this in turn has sent transhipped volumes elsewhere
MSC and CMA CGM buy up more chartered containerships
CMA CGM is reported by brokers to have exercised a purchase option for a long-term chartered sub post-panamax. Meanwhile, MSC has brought its tally of secondhand containership buys since the beginning of 2023 to some 65 vessels
No evidence more Chinese or Russian ships transiting Bab el Mandeb
Transits of China- and Russia-affiliated ships through the Bab el Mandeb Strait have dropped as the situation has become increasingly unstable
Cargo interests face long wait over Dali general average call
General average shares the cost of a salvage between the shipowner and cargo owners. How much is eventually paid will not be known until long after the cargo has been delivered
Shipping faces more fallout in wake of Iran’s attack on Israel
The risk of a full closure of the Strait of Hormuz, while still unlikely, has increased. The more likely scenario, according to analysts, is that the Strait of Hormuz will become more like the Red Sea, with some ships continuing to transit and others steering clear
The week in newbuildings: China continues to win bulk of orders
Newbuilding contracts for seven dry cargo carriers, four containerships, six MPVs, one deck cargo carrier, two heavy lift ships, eight gas carriers and eight tankers were signed in the past week
Panama Canal finally begins to rebound after drought-driven dive
Despite positive momentum in March, neopanamax locks transits were 18%-20% below levels in the same month in 2022 and 2023, and panamax locks transits were down 36%. The nascent recovery has far to go
Resilient US economy continues to buoy container shipping demand
America’s economy remains a relative bright spot for container shipping demand. US imports held firm at healthy levels in March and are now aligning with the growth trend seen prior to the pandemic
APM Terminals steps up port efficiency drive as new alliance launch looms
Better productivity at transhipment hubs will improve throughput for the entire network and bolster resilience against continuous disruptions, port operator’s Asia chief Jonathan Goldner tells Lloyd’s List
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Latest From Ports and Logistics
Portland container terminal to close in October
Teu volumes at the port hit zero in 2017, and despite a revival during the pandemic, Portland’s Terminal 6 will cease operations later this year
Antwerp-Bruges box volumes show signs of recovery
Economic conditions in Europe remain weak, with muted growth prospects. But Belgium’s port complex is seeing a great share on container volumes
US consumer demand bolsters port of Long Beach volumes
A resilient US economy and strong consumer demand are supporting US container import demand. Port of Long Beach’s reported its best first-quarter volumes outside of the pandemic era, with imports increasing 9.6% on the same period in pre-pandemic 2019
More from Containers
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Latest From Containers
Hapag-Lloyd wins low-emission freight tender
German carrier Hapag-Lloyd won the first tender by the Zero Emissions Maritime Buyers Alliance to deliver 90% emissions reduction for cargo owners for two years starting in 2025. A second tender is being designed to drive the market for e-fuels instead of scarce biofuels
US Trade Representative heeds calls to probe China’s maritime dominance
The USTR has initiated a Section 301 investigation into ‘China’s targeting of the maritime, logistics, and shipbuilding sectors for dominance’ after labour unions filed a petition calling for the investigation last month. If it finds the allegations are true, the White House could hit China with tariffs or other trade curbs. China dismissed the investigation as politically motivated and called on the US to respect facts and multilateral rules
MSC and CMA CGM buy up more chartered containerships
CMA CGM is reported by brokers to have exercised a purchase option for a long-term chartered sub post-panamax. Meanwhile, MSC has brought its tally of secondhand containership buys since the beginning of 2023 to some 65 vessels
Portland container terminal to close in October
Teu volumes at the port hit zero in 2017, and despite a revival during the pandemic, Portland’s Terminal 6 will cease operations later this year
CMA CGM to partner with UN World Food Programme
The CMA CGM Foundation has already shipped more than 38,000 tonnes of humanitarian aid since its creation in 2005
World Shipping Council appoints new president
Container shipping’s trade association sees a changing of the guard as Joe Kramek is appointed to the top job
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