Ships & Shipbuilding

Ship and shipbuilding news as it pertains to the shipping industry, such as orders for newbuilds by container lines, new ship designs, mega-ships or maritime accidents.

Ocean carrier decisions to build ships/add to the fleet, all other factros being equal, can signal a strengthening market. Some of the world's largest shipbuilders are Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and CSBC.

Commentary

Yilport, which signed a memorandum of understanding with the Mississippi State Port Authority in February, is promising to invest hundreds of millions of dollars in the state’s Port of Gulfport, for which it sees serving a distinct purpose. 

News & Analysis

20 Jul 2018
Amid a slew of low water-level carrier surcharges, the Port of Montreal said concern that its future is limited by its shallow draft is overplayed.
18 Jul 2018
Declining volume is forcing capacity cuts and heaping additional pressure on carriers battling to cope with rising operating costs.
A Hapag Lloyd ship.
30 May 2018
Concerning the peak season fee, at the same time that Hapag-Lloyd added a $1 fuel surcharge, the ocean carrier surprised the market with a peak season surcharge of $55 per TEU that it said will be levied from June 1 on all trades out of China.
A CMA CGM ship.
25 May 2018
Rodolphe Saadé, group CEO of CMA CGM, announced the surcharge along with first-quarter results, which saw revenue surge. Despite that increase in demand, fuel costs resulted in a $77-million net loss for the quarter.
Maersk and MSC vessels pass each other outside the Port of Rotterdam.
25 May 2018
With such a sharp increase in bunker fuel prices that dragged carriers into a loss-making first quarter, it is no surprise that Maersk and Mediterranean Shipping Co. will levy an emergency bunker surcharge from June 1.
23 May 2018
The Canadian East Coast’s very stable market has recently changed significantly: it’s in a state of turmoil with many container port projects being considered — Quebec City (Beauport); Dartmouth, Halifax; Montreal (Contrecoeur); Melford, Nova Scotia; and Sydney, Nova Scotia (Novaporte).
A Hapag-Lloyd ship.
18 May 2018
A sharp increase in fuel prices is placing carriers under pressure, and they've responded with rate increases planned for June 1.
14 May 2018
Port congestion at some Asian ports is delaying cargo.
The Port of Los Angeles.
03 May 2018
In 2017, marine terminals continued to struggle with the demands presented by larger ships, but implied in that are several encouraging statistics regarding the condition of global trade.
Port of Antwerp.
02 May 2018
Ports in North Europe had the biggest increase in average call size in 2017, but Southeast Asia and Latin America also had impressive average growth increases.
13 Apr 2018
The annual blanket of fog has been wreaking havoc at the busy ports of Shanghai and Ningbo.
Port of Gulfport.
04 Apr 2018
Yilport, which signed a memorandum of understanding with the Mississippi State Port Authority in February, is promising to invest hundreds of millions of dollars in the state’s Port of Gulfport, which it says has the potential to feed volume, particularly refrigerated goods, between Gulfport and Yilport terminals in Ecuador and Peru.
16 Mar 2018
The biggest ship in CMA CGM's fleet called at Hamburg this week, but even though the port has the infrastructure to handle mega-ships, the delay in dredging the Elbe River access channel continues to hold back volume growth.
12 Mar 2018
Maersk Line will make alternative vessels available to European exporters after a fire crippled the Maersk Honam in the Arabian Sea.
A container ship in San Francisco Bay.
08 Mar 2018
The IMO’s Marine Environment Protection Committee is working on a strategy to reduce greenhouse gas emissions from ships, which includes a list of short- and long-term measures.
A CMA CGM container ship.
28 Feb 2018
CMA said the plan provides door-to-door coverage for 30 days before loading and after discharge of goods on and from a CMA CGM vessel. However, the risk cover is restricted to single-shipper bills of lading.
28 Feb 2018
HMM says mega-ships will be ordered in the first half of 2018 but provided no info on the number of vessels or their sizes.
Port of Melbourne
02 Feb 2018
Container ships are getting too wide and too deep for Australian container ports, officials say. And that leaves the nation with a choice: find ways to accommodate bigger container ships or risk a negative outcome.
26 Jan 2018
The mega-ships continue to flood in to the Asia-North Europe container trade lane.
19 Jan 2018
The supply-demand balance will become more favorable to carriers in the second half, believes Jefferies.
12 Jan 2018
The orders come after Cosco and Yang Ming delayed delivery of roughly 200,000 TEU of capacity to 2019 amid signs overcapacity remains in the market.
Container shipping capacity is something shippers pay close attention to as the supply-demand balance has a direct impact on freight rate levels.
10 Jan 2018
As capacity floods into service, some carriers have started to delay the delivery of new mega-ships.
19 Dec 2017
SM Line is hoping to partner with its larger Korean rival HMM as the carrier plans to launch a new trans-Pacific service.