Containers
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Secondhand boxship sales on the rise but recycling remains muted
The containership sale and purchase market is picking up after the summer slowdown, with MSC continuing to snap up ships. Meanwhile, there is little sign of any upturn in boxship recycling because of relatively high secondhand values, due to strong demand for tonnage
One Hundred Ports: Box ports tread water as the ‘tepid 20s’ persist
A second successive year of subdued volume growth is seen by the global container port sector as the industry settles into post-pandemic norms
Secondhand boxship sales on the rise but recycling remains muted
The containership sale and purchase market is picking up after the summer slowdown, with MSC continuing to snap up ships. Meanwhile, there is little sign of any upturn in boxship recycling because of relatively high secondhand values, due to strong demand for tonnage
Red Sea reroutings uproot traditional transhipment trends
The onset of Houthi attacks has prompted a complete repositioning of container transhipment activity at ports either side of the Suez, in a trend that has brought a wealth of impromptu box traffic to some ports and a imposed a hefty hit on trade to others
Bab el Mandeb transits see first meaningful increase since start of Red Sea crisis
It would be reasonable to expect transits through the Bab el Mandeb to continue to fall given the threat posed by the Houthis remains largely unchanged, but risk appetite is dynamic, and there is likely an element of risk normalisation that is making Red Sea voyages less daunting — and even appealing — for some
The week in newbuildings: Orders valued at $13bn signed
Newbuilding contracts for 123 ships valued at some $14bn were signed in the past two weeks
Shanghai on track to breach 50m teu barrier
China’s colossal container hub on the brink of becoming the first port to post annual teu figures above the 50m teu mark. Shanghai was among nearly all of the top 10 ranked ports to report strong growth in box number in the first half of the year
Now that Panama Canal drought is over, it’s time to prepare for next drought
ACP administrator Ricaurte Vasquez talks lessons learnt amid the historic drought and what happens when rainfall inevitably falls short again in the next El Nino
Containership data signals very strong August for Los Angeles-Long Beach
If you look at spot rates, it appears peak season is on the wane. But spot rates are also affected by newbuilding deliveries. If you look at vessel traffic indicators, the flow of cargo into Los Angeles and Long Beach is still very strong
Shipping still faces fallout despite end to Canada rail shutdown
Rail disruptions are ending as a result of Canadian government intervention. Even so, shipping will see some supply chain disruptions for container cargoes, as well as outbound flows of grain, potash, coal and forest products
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Latest From Ports and Logistics
Watch out for box service changes ahead of Gemini alliance, shippers warned
Flexport warned that shippers cannot assume freight prices will fall as containership capacity increases, since carriers could reroute or blank sailings
Libyan port of Brega remains open for export despite oil blockade
Frontline chief executive Lars Barstad confirms Libyan port of Brega is operating as normal after tanker Front Jaguar loads and heads to UK
Carriers not sticking to long-term contracts with shippers
A majority of long-term container shipping contacts are not being honoured, as carriers break contracts in search of profits, Flexport said
More from Containers
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Latest From Containers
Laskaridis plans up to four reefer newbuilds with Chinese partner
Newbuildings set to become Greek operator’s first new reefer order for more than 20 years
Watch out for box service changes ahead of Gemini alliance, shippers warned
Flexport warned that shippers cannot assume freight prices will fall as containership capacity increases, since carriers could reroute or blank sailings
Container volumes maintain strong growth through July
Latest CTS figures show year-to-date volumes tracking 7.1% above last year through the first seventh months of 2024, as pre-peak season surge is prolonged
Carriers not sticking to long-term contracts with shippers
A majority of long-term container shipping contacts are not being honoured, as carriers break contracts in search of profits, Flexport said
Secondhand boxship sales on the rise but recycling remains muted
The containership sale and purchase market is picking up after the summer slowdown, with MSC continuing to snap up ships. Meanwhile, there is little sign of any upturn in boxship recycling because of relatively high secondhand values, due to strong demand for tonnage
Chinese ports halt operations amid Typhoon Yagi
Terminals in Guangdong and Hainan are shutting down partly or fully to prepare for the impact of the storm
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