Ships & Shipbuilding

Ships & Shipbuilding

Commentary

The port operation challenges associated with mega-container ships, which only will grow as dozens of these ships enter service in the next few years, is a key issue pointing to the likelihood that conditions at ports will get worse before they get better.

News & Analysis

07 Jul 2015
The largest container vessels on order has more than sextupled since 1975 and is set to expand by at least 13 percent by 2020, according to an IHS Maritime & Trade analysis of the order book.
Grimaldi vessel
06 Jul 2015
Italian shipowner Grimaldi has ordered three new car carriers, with an option for a fourth vessel, just three weeks after signing a contract for five ships and an option for seven more, taking its total investment to $465 million and underscoring the revival in the global automotive industry.
26 Jun 2015
As ships grow larger, so does the challenge of finding a port of refuge where they can secure salvage assistance during emergencies.
26 Jun 2015
Fixing in the container vessel charter market is turning patchier as summer draws near, with hire rates for ships with capacities of 2,500–3,000 twenty-foot equivalent units declining in particular. Rates for gearless 2,700–2,800 TEU ships, which remain popular for the growing intra-Asia trade, continued to erode last week when reports emerged that two vessels had been fixed at a cost of $12,000 a day.
24 Jun 2015
A sharp drop in idle container ship capacity during the first half of June is fueling hopes among container ship tramp owners that charter hire rates could pick up again.
19 Jun 2015
Evergreen Line will order 20 new vessels, each with capacity for 3,000 20-foot-equivalent units, Vice Group Chairman Bronson Hsieh said at a shareholders’ meeting Wednesday.
19 Jun 2015
Far from being out of sync with the global market, the mega-ships that are being deployed today are a natural evolution of the growth in global demand, according to an executive of one of the largest container ship chartering companies.
16 Jun 2015
New global requirements on the construction of large container vessels aimed at reducing the risk of catastrophic structural failure will likely increase the price tag for carriers, reducing the economies of scale carrier operators gain via massive ships.
15 Jun 2015
Although the overall capacity of the container ship fleet is growing, the number of smaller capacity ships has declined, which could trigger newbuilding orders in the sector, a senior shipping analyst said.
13 Jun 2015
The worldwide rally in containership charter rates may have lost most of its steam, but not for those with the right ships in the right regions, which right now would be the Atlantic.