Containers
Following a substantial newbuilding order for 20 feeder ships, Taiwanese intra-Asia carrier has contracted 16,100 containers.
Evergreen joins rush for feeder vessels, more ships to be taken under long charter.
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.
The association says it will not develop or operate any digital platform, but instead aims to ensure interoperability through standardisation.
Efforts at cost management fail to offset rising bunker costs as losses put pressure on HMM’s management
Skou said synergies following the Hamburg Süd takeover and strong collaboration within its ocean business division is helping improve profitability.
A significant proportion of fixtures seems to be speculative, prompted by reduced rate levels and the anticipation of continued cargo volume growth next year.
Year-to-date feeder ship newbuilding tally exceeds 100 with Wan Hai orders.
A high number of ships have been sold in recent months, weakening fundamentals impact on market.
Liner operator’s main shareholder appears to be losing patience with poor earnings.