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.

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Pacific International Lines (PIL) has gone from black to red again, but this time in hull colour, not on its balance sheet.

Red is the new black for PIL - Splash247

Started in 1967 as a typical family owned company of the time, with two small former Dutch Interisland ship blt. 1949, trading localy to East Malaysia and Indonesia.
'Kota Singa’:

https://www.shipspotting.com/photos/1333008

‘Kota Naga’, blt. :

https://www.shipspotting.com/photos/3656248?navList=homeMostPopular

The fleet expanded quite quickly, with larger tweedeckers from various European owners. The trading area also expanded to China, India, Australia and Middle East.

Source: About PIL | PIL - Pacific International Lines

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Maersk commences Ukraine weekly feeder service - Splash247

Ukraine has gradually been plugged back into the global container trades this year. After more than 800 days since Russia embarked on its full-scale invasion of its neighbour, global carriers led by Hapag-Lloyd and Mediterranean Shipping Co (MSC) made a return to Ukraine in late May, even as the nation’s ports remain under attack.

The 1,702 teu A. Obelix is being deployed on the route, set to arrive in Chornomorsk next Tuesday.

A. Obelix: https://www.shipspotting.com/photos/2547914

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Maersk Defies Russian Port Attacks, Resumes Regular Service to Ukraine

Big Blue continues it’s good tradition of sending time charetered vessels in some mega-shit places.

And Greeks will never miss a chance to grab a buck or two even at elevated risk as long as PH or UKR serve on board as sacrificial goats. 100K -150 K (Master) life insurance offered by greedy Greek managements is peanuts.

As to the term full scale invasion. Mr Sam Chambers should be urgently sent for full scale familiarisation with full scale invasion to Ghaza or Beirut to get some hands on experience of what full scale invasion is.

In case He has no cojones for live experience then I would suggest study of some historical archives of Iraq invasion, Barbarosa ops, D Day just to mention a few.

Calling it full scale invasion is an insult to all those who survived an/or participated in such events.

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Maersk confirms fleet renewal plans with orders for 20 ships - Splash247

“We are pleased to have signed agreements for 20 vessels and thereby completed the acquisition of 300,000 teu capacity as announced in August. These orders are a part of our ongoing fleet renewal program and in line with our commitment to decarbonisation, as all the vessels will have dual-fuel engines with the intent to operate them on lower emissions fuel,” said Anda Cristescu, head of chartering and newbuilding at Maersk.

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A “fishy” story:

COSCO launches Nordic Fish Express - Splash247

Customers can access real time information on temperature, humidity and power supply for their shipments.

PS> Frozen Norwegian farmed salmon in portion packs has caught on in China.
It is cheaper than fresh filets by air-freight and better quality than whole frozen salmon processed in China:
https://www.hofseth.no/news/new-technology-provides-great-environmental-benefits-and-better-quality-for-the-consumer

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Premier Alliance launch delayed as US demands more details - Splash247

The Premier Alliance, made up of Yang Ming, Ocean Network Express (ONE), and HMM, was meant to start marketing on Thursday ahead of its official launch on February 1. However, the Federal Maritime Commission (FMC) in Washington DC has put their plans on hold.

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How the Houthis fired liner earnings to extraordinary highs - Splash247

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MSC takes orderbook above 2m teu with Hengli megamax orders - Splash247

It is not just newbuilds where the Soren Toft-led line has been highly active. MSC has now surpassed 400 secondhand ship purchases since it embarked on a historical buying spree in August 2020. MSC now commands a global liner market share in excess of 20%, becoming the first liner in the world to break multiple size records such as surpassing 5m teu, then swiftly afterward 6m teu.