Charter rates are dropping fast for post-Panamax ships because of low demand, with rates for some midsize vessels dropping to 2013 levels.
27 May 2015
Rising charter rates helped Greek container shipowner Box Ships narrow its first-quarter loss close to break even.
12 Jan 2015
Drewry has estimated 100,000 TEUs of scheduled new container ship capacity did not arrive on time in 2014 and will spill into this year, increasing supply pressure on an already heavily over supplied industry.
28 Nov 2014
United Arab Shipping Co. today named the industry’s first-ever LNG-ready ultra-large container vessel at Ulsan in Korea, with Sajir becoming the first of 17 vessels ordered by the carrier.
25 Nov 2014
The idle container ship fleet has fallen to its lowest level since the global financial crisis erupted in late 2008 , as port congestion on the U.S. West Coast and in Manila keeps vessels in work.