Containers

Aristides Pittas, CEO, Euroseas
CEO has pointed out that secondhand prices for 10-year-old container ships have fallen recently.

A Wan Hai Lines container ship
Following a substantial newbuilding order for 20 feeder ships, Taiwanese intra-Asia carrier has contracted 16,100 containers.

Anchor Chang, Evergreen Marine chairman
Evergreen joins rush for feeder vessels, more ships to be taken under long charter.

MPC’s AS Laetitia
MPC has placed firm orders for five units from an unnamed supplier for installation prior to the implementation of the global 0.5% sulphur cap on marine fuels on 1 January 2020.

A CMA CGM container ship
The association says it will not develop or operate any digital platform, but instead aims to ensure interoperability through standardisation.

Hyundai Merchant Marine CEO Yoo Chang-keun
Efforts at cost management fail to offset rising bunker costs as losses put pressure on HMM’s management

An exterior view of a Maersk office building
Skou said synergies following the Hamburg Süd takeover and strong collaboration within its ocean business division is helping improve profitability.

Cargo aboard a container ship
A significant proportion of fixtures seems to be speculative, prompted by reduced rate levels and the anticipation of continued cargo volume growth next year.

The Wan Hai logo on the side of a ship

Year-to-date feeder ship newbuilding tally exceeds 100 with Wan Hai orders.


Ship scrapping in the Asian sub-contentinent

A high number of ships have been sold in recent months, weakening fundamentals impact on market.