Containers
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CMA CGM expects downturn to continue throughout 2023
Container line is seeing a ‘rapid normalisation’ amid ‘challenging market conditions’. The first quarter of the year is likely to be the best financial result of 2023
The Lloyd’s List Podcast: What US-China decoupling means for shipping
ONE chief executive Jeremy Nixon says carriers need to stay ‘lean and agile’ to deal with long-term geopolitical shifts, including widening divisions between the US and China that are changing container shipping trade flows
Suez Canal groundings double this year
While incidents are comparatively higher than previous years, the overall impact on traffic flow is often minimal given the Suez Canal Authority’s quick response time
Charterers turn to newbuildings as boxship supply dwindles
‘Openings in the post-panamax segment are sparse for the rest of the year,’ says Braemar
Shipping starts to embrace energy-efficiency measures to reach net zero goals
The maritime industry has begun seeking alternative methods to increase energy efficiency to comply with new regulations such as the CII and EU ETS
Zero-emissions bunkering shows promise amid tangible demand signals
Rising dual-fuel vessel orders and regional targets for zero-emissions marine fuels increase likelihood of alternative fuel bunkering before 2030
Moody’s maintains ‘stable’ outlook for US ports despite weakening cargo volumes
US ports are in a good position to weather the current cargo lull, but a mild recession in the second half of the year will likely constrain growth. Moody’s maintained a stable outlook for US public ports but said this could change if it expects economic conditions and cargo volumes to worsen or improve
Dry bulk rates soften as caution creeps in
Latest statistics from the World Steel Association show that China’s steel production contracted in April, an early sign that the much-hyped momentum may be fading
Dry cargo sector dominates ship recycling market
Recycling markets have been on an upward trajectory during the past couple of weeks with tonnage supply at a minimum, says cash buyer GMS
Dual-fuel methanol orderbook keeps on growing
Many shipowners are still unwilling to order alternative fuel-capable newbuildings due to fuel supply and cost concerns; meanwhile engine designers are developing a variety of retrofit solutions to help navigate the long road to decarbonisation
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Latest From Ports and Logistics
CMA CGM expects downturn to continue throughout 2023
Container line is seeing a ‘rapid normalisation’ amid ‘challenging market conditions’. The first quarter of the year is likely to be the best financial result of 2023
PSA International makes logistics investment in Vietnam
PSA’s main investment in Vietnam so far is the SP-PSA International Port in Cai Mep, near Ho Chi Minh City. Sotrans Group brings local expertise and key logistics assets to the table
Equipment demand plummets as carriers cut back
Container lines desperate for boxes pushed production up to 7.2m teu of equipment in 2021. This year the global fleet of containers will contract for the first time since 2009
More from Containers
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Latest From Containers
CMA CGM expects downturn to continue throughout 2023
Container line is seeing a ‘rapid normalisation’ amid ‘challenging market conditions’. The first quarter of the year is likely to be the best financial result of 2023
The Lloyd’s List Podcast: US lawmakers continue to look at ocean shipping
Newly introduced bills, while still an early stage, cover a wide range of topics, including antitrust and alliances, data and China. This is a signal that US lawmakers are still interested in ocean shipping
Box freight rates fail to gain momentum in May
After a strong month in April, freight rates have fallen back again. But despite the slow progress, they are now comfortably ahead of pre-pandemic levels
PSA International makes logistics investment in Vietnam
PSA’s main investment in Vietnam so far is the SP-PSA International Port in Cai Mep, near Ho Chi Minh City. Sotrans Group brings local expertise and key logistics assets to the table
Imabari Shipbuilding chief urges Japanese yards to combine design strength
Individual shipyards in Japan should form an alliance or combine their ship design, research and development division under the Japanese Shipbuilding Association, argues influential Imabari head Yukito Higaki
BIMCO and Danish Shipping appoint new heads
Nikolaus Schües takes over from Sabrina Chao as president of BIMCO. Meanwhile, Jacob Meldgaard stands down from Danish Shipping as Torben Carlsen becomes its new chairman
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