Maritime News

Mario Moreno
U.S. containerized imports in 2015 will increase a paltry 1.7 percent, dragged down by West Coast port congestion, JOC Economist Mario Moreno told the 15th annual TPM Conference in Long Beach on Monday.

"K" Line ship stack
Japan’s third-largest shipping line, Kawasaki Kisen Kaisha, announced Monday it would be beefing up its LNG and bulker vessels over the next four years, while downsizing its container shipping fleet.

Spot rates on the Asia to the Middle East and South Asia are being undermined as carriers on the trades struggle to maintain load factors to support freight rate increases, according to Drewry Container Insight.

MOL on Monday confirmed orders and charters for six 20,150-TEU vessels that catapults the Japanese carrier into the ranks of the operators of the world’s largest container ships.

Hamburg Sud in Port of Santos
SeaLand, the hallowed container shipping brand relaunched by Maersk Line in January, sees an opportunity to gain market share in the Latin American lanes resulting from two mergers — between two German container lines and two Chilean carriers.

A premium shipping market awaits container lines who would be willing to offer premium service at a higher price than commoditized service offered by most carriers today, Kuehne+Nagel Chairman Karl Gernandt told TPM 2015.

Rickmers Group, the leading German ship owner and manager, said it has successfully concluded negotiations with its bankers to restructure 1.28 billion euros (US$1.43 billion) of loans.

Maersk Line CEO Soren Skou said ships with capacities of 25,000 20-foot-equivalent units are possible but not practical today, and that he expects 18,000- to 19,000-TEU container ships to remain the largest afloat for years to come.

Maersk reefer container overseas
Growth in the global reefer market this year will likely outpace the lukewarm performance of the past few years, according to industry analysts.