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

22 Oct 2014
Construction on Crowley’s two vessels powered by liquefied natural gas began today, with the first of the pair slated for delivery in second-quarter 2017 and the second expected later that year.
15 Oct 2014
A record number of ship deliveries will combine with declining scrapping rates and mid-single-digit growth in volume to extend the gap between container ship supply and demand through 2015, according to a leading maritime research consultant.
30 Sep 2014
Nearly $300 million in subsidies were given to four Chinese ship lines today, as the Chinese government begins to roll out parts of a six-year plan to update its shipping industry.
24 Sep 2014
Expansion of the Panama Canal will cause operators of pure car and truck carriers mimic container lines by building larger ships and cascading smaller ones to secondary markets, says consulting group Maritime Strategies International.
22 Sep 2014
TOTE Shipholdings and Saltchuk Resources have secured a $324.6 million Maritime Administration loan guarantee for construction of two container ships that will be fueled by liquefied natural gas.
18 Sep 2014
Global Ship Lease has agreed to acquire an 8,063-TEU container ship from a “leading” though unnamed container line for $55 million, according to the container ship charter company.
16 Sep 2014
Container ship owner-charterer Seaspan Corp. is considering an acquisition of Greater China Intermodal Investments, the Carlyle Group investment vehicle with which Seaspan partnered in 2011 to purchase new ships.
12 Sep 2014
Taiwanese ocean carrier Yang Ming Line has confirmed that the fixed-rate time charter terms for five 14,000-TEU container ships, currently being built by CSBC Corp., will be extended to 10 years, with one two-year option, according to Seaspan.
29 Aug 2014
Rickmers Group said “strained” markets, currency exchange and weak charter rates contributed to revenue and profit declines in the first half of 2014, and that conditions will remain difficult through the rest of the year.
29 Aug 2014
NYK Line in May took delivery of the first post-Panamax car carrier built in Japan. Dubbed the Aries Leader, the new pure car carrier not only boasts a capacity of 7,000 vehicle units, but also a wide range of energy-saving technologies not found on other such vessels.