Container Shipping News

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Shanghai futures market shows liner fortunes plummeting - Splash247

“Although the drop is not as severe as the freight rate collapse seen at the end of 2022, current freight futures prices anticipate continuous declines over the coming 12 months, with no rebound expected at the end of this year and no repeat of this year’s post Chinese New Year rate rally in 2025,” Linerlytica suggested in a market update.

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China State Shipbuilding Corporation (CSSC) debuted the world’s largest container ship at the SMM Hamburg Maritime Exhibition, unveiling GREEN SEALION 27500 with a box capacity of 27,500 TEUs.

China State Shipbuilding Corporation unveils world’s first 27,500 TEU container ship - Container News (container-news.com)

and who would believe their awkward beginings looked sth like below some 25-30 years ago

(1830) Ship Launching Video || Ship Launching using air bags || LPG Carrier Ship Launching - YouTube

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Changes are acomming in container shipping:

Winners and losers from next year's great global liner reshuffle - Splash247

From the end of January next year, MSC is ditching Maersk in the 2M vessel sharing agreement to largely go it alone, and Germany’s Hapag-Lloyd subsequently exiting THE Alliance to join the Danish carrier in what will be called the Gemini Cooperation.

Also announced yesterday ahead of what is set to be the biggest reshuffle of global liner agreements for a decade, THE Alliance will become the Premier Alliance from next February, with Ocean Network Express (ONE), HMM and Yang Ming Marine Transportation as partners, and MSC helping plug gaps on Asia-Europe tradelanes.

Existing liner group Ocean Alliance, made up of CMA CGM, COSCO, Evergreen and OOCL, has agreed to continue its vessel-sharing agreement until the end of March 2032.

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How big is too big?:

China preps for 32,000 teu boxships - Splash247

Remember the ULCC of the 1970/80? They proved too large for practical use as trading tankers.

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CMA CGM becomes first foreign liner to operate on Philippine domestic box...

CMA CGM Philippines Shipping employs a 100% Filipino crew in compliance with local regulations.

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44% of record global liner orderbook is replacement tonnage - Splash247

Boxship newbuild contracting already exceeded the 2023 full-year total as of the end of August with hundreds of thousands of more slots booked in the intervening weeks.
While the global container fleet will grow significantly in the years ahead, Alphaliner data (see chart below) does show that nearly half of the ships on order among the big 10 liners will actually be replacement tonnage.

The global liner vessel fleet reached 30m teu for the first time in history this June.