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Hapag-Lloyd sees market easing after record first half
Hapag-Lloyd expects conditions that have wreaked havoc on the container shipping sector to ease in the forthcoming quarters as demand slows. Supply growth will soon outpace demand growth
Rising bunker costs mask box spot rate decline
Bunker prices have risen sharply since the situation in Ukraine began to unfold, while freight rates are down a fifth
Boxship sale and purchase market hits summer lull
MSC reported to have purchased 3,500 teu capacity boxship from German owners, while Taiwanese shipbuilder sells a series of speculative newbuildings to Asian owners
Seaspan rejects force majeure from Chinese yard
Seaspan has more than 50 ships, whose sizes range from 7,000 teu to 24,232 teu, on order with Chinese yards. Softening freight rates could prompt carriers to take advantage of postponed deliveries and seek renegotiate or cancel the existing charterparty
Port congestion hits transatlantic trade
Carrier schedules are falling into disarray as congestion mounts on both ends of the transatlantic trade. This is helping reduce capacity from the market
Ports on US Gulf and east coasts report record volumes as congestion persists
About 80 box ships are waiting at anchorage on the east and US Gulf coasts, according to Lloyd’s List Intelligence data
Global container volumes see slight uptick
Pandemic-driven rise in container volume growth appears to be reaching an end. While some regions have stabilised at higher levels of imports, others are seeing steep downturns
The week in newbuildings: Qatar LNG project advances
Six LNG tankers, three LPG carriers, two boxships, a pair of products tankers, one chemical tanker and an FPSO were all contracted last week at Chinese, South Korean and Japanese shipyards
China extends military drills heralding ‘new normal’ for shipping off Taiwan
Added disruptions to shipping are expected due to the escalating tensions in the Taiwan Strait, including vessel rerouting to shun continuing military drills, harassment of Taiwanese or Taiwan-bound vessels, and further supply chain shifts in the longer term
The week in charts: Capesize rates drop | More than 20 ships alongside Ukraine’s ports | Vessels reroute due to China military drills
Capesize rates drop, Russian crews trapped in Ukraine seek repatriation and more than 200 merchant vessels forced to take detours to avoid China’s military exercises
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Latest From Ports and Logistics
Daily Briefing August 12 2022
Ukraine minister says grain exports to reach 3m tonnes in September | JCC sees surge in inquiries to ship grains from Ukraine | Seaspan rejects force majeure from Chinese yard
European Commission calls for evidence on consortia block exemption
Shippers, forwarders and others in the supply chain have been vocal over the role of the consortia block exemption on capacity and pricing. While it won’t expire until 2024, the commission is beginning to seek input ahead of deciding on its future
JCC sees surge in inquiries to ship grains from Ukraine
A dozen ships have left Ukraine so far and four have been authorised to enter in the two weeks that the corridor has been operational. ‘It’s been a good start,’ said the Istanbul-based Joint Coordination Centre’s interim head
More from Containers
Are you sure you'd like to remove this alert? You will no longer receive email updates about this topic.
Latest From Containers
Daily Briefing August 12 2022
Ukraine minister says grain exports to reach 3m tonnes in September | JCC sees surge in inquiries to ship grains from Ukraine | Seaspan rejects force majeure from Chinese yard
Boxship sale and purchase market hits summer lull
MSC reported to have purchased 3,500 teu capacity boxship from German owners, while Taiwanese shipbuilder sells a series of speculative newbuildings to Asian owners
European Commission calls for evidence on consortia block exemption
Shippers, forwarders and others in the supply chain have been vocal over the role of the consortia block exemption on capacity and pricing. While it won’t expire until 2024, the commission is beginning to seek input ahead of deciding on its future
Seaspan rejects force majeure from Chinese yard
Seaspan has more than 50 ships, whose sizes range from 7,000 teu to 24,232 teu, on order with Chinese yards. Softening freight rates could prompt carriers to take advantage of postponed deliveries and seek renegotiate or cancel the existing charterparty
Port congestion hits transatlantic trade
Carrier schedules are falling into disarray as congestion mounts on both ends of the transatlantic trade. This is helping reduce capacity from the market
Hapag-Lloyd sees market easing after record first half
Hapag-Lloyd expects conditions that have wreaked havoc on the container shipping sector to ease in the forthcoming quarters as demand slows. Supply growth will soon outpace demand growth
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