Ships & Shipbuilding

Ships & Shipbuilding

Commentary

Conventional wisdom held that 2015 would represent the end of the five-year wave of ship deliveries. But there seems to be no slowing carriers’ drive for ordering the ever-larger vessels.

News & Analysis

24 Feb 2015
Less container ship capacity is expected to be scrapped this year, as the price of steel continues to drop and the pool of older vessels shrinks, analysts say.
24 Feb 2015
Seaspan’s net profit for 2014 fell 56 percent year-over-year to $131.2 million, although the container ship owner reported that its “normalised net earnings” grew by 14.6 percent to $139.1 once the results were adjusted to account for items it did not consider representative of its operating performance.
17 Feb 2015
While Greece struggles to escape financial ruin and an exit from the eurozone, it has cemented its position as the world’s leading shipping nation.
10 Feb 2015
Danaos Corp.’s most recent earnings highlighted an improving container ship charter market as the Greek ship-owner posted a 56 percent increase in adjusted net income in the fourth quarter of 2014.
container ship engine
05 Feb 2015
The shipping industry — container carriers included — should prepare for a low-sulfur fuel requirement to be imposed on schedule in 2020, a development industry leaders have said will result in carriers incurring tens of billions of dollars annually in higher fuel costs, with no clear mechanism for recovering those costs from customers.
05 Feb 2015
Costamare, the Greece-based container ship owner, is eying further expansion of its 59-vessel fleet this year after reporting a 15 percent year-over-year increase in fourth quarter profit.
31 Jan 2015
Japan's Imabari Shipbuilding Co., Ltd. says it has secured orders for 11 containerships with capacities of 20,000 twenty-foot-equivalent units, and is adding a large dry dock for their construction.
22 Jan 2015
The global container ship fleet this year is set to increase 7.8 percent in terms of capacity, outpacing last year’s 6.3 percent growth, according to Alphaliner.
15 Jan 2015
Sen. John McCain, R-Ariz., has filed an amendment to repeal the Jones Act, which requires U.S. domestic waterborne cargo to be shipped in U.S.-flag ships owned and operated by Americans.
14 Jan 2015
Companies and governments have spent or committed nearly US$7 billion since 2009 to investment in ships, ports and terminals, and waterways infrastructure on the Great Lakes and St. Lawrence Seaway, a new survey reports.