ombugge
March 30, 2023, 12:19pm
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US Congress is trying to enforce their laws on the world of shipping:
by Laura Curtis (Bloomberg) Container carriers are facing new measures in the US Congress that would strip away a long-standing antitrust exemption and require them to load more exports, even as...
Est. reading time: 4 minutes
Although a Fact finding Investigation by FMC find; "Vigorous’ Competition in Container Shipping:
FMC Commissioner Rebecca Dye on Tuesday released her long-awaited final report from her fact finding investigation into the effects of COVID-19 on the ocean shipping supply chain, formally known as...
Est. reading time: 7 minutes
Predictably the WSC does not agree with this unilateral and extraterritorial decisions affecting how world shipping is conducted:
The World Shipping Council (WSC) has voiced its opposition to the bipartisan Ocean Shipping Antitrust Enforcement Act, introduced this week by U.S. Representatives Jim Costa (CA-21), Dusty Johnson (SD-AL), John...
Est. reading time: 2 minutes
Shipping is an international activity governed by international laws and treaties, not by individual nation states. National jurisdiction ends at their borders and 12 n.miles from the base line.
So does the legislative power of the Parliament/Congress elected within a single entity.
Of course any nation state can refuse entry to their ports to any foreign flag vessel, but it is likely to be met with reciprocal action from other other countries, making world trade almost impossible.
It has been tried before, with disastrous consequences.
PS> Likewise, any shipping company can refuse to serve any port(s) if they find it unprofitable, or involving too much interference with “freedom of shipping”.
The latest:
Two of the main backers of last year’s Ocean Shipping Reform Act (OSRA) in the US have come up with an updated piece of legislation which takes aim at China’s influence in the ocean shipping space. US representatives Dusty Johnson and John Garamendi...
Estimated reading time: 2 minutes
Things looks better for container shipping:
A usually reliable source of container financial forecasts has made a call on 2023 fortunes for the liner industry, suggesting this year could be the third-best combined annual results in the history of the sector. John McCown, whose Blue Alpha...
Estimated reading time: 2 minutes
Scrapping is thus not as likely as forecast:
The predicted wave of boxships heading for demolition is proving to be a trickle. Ships are still making money, whatever their age, and demo candidates are finding new owners rather than the blow torch. Around the start of the year many of container...
Estimated reading time: 2 minutes
Newbuilding orders are still being placed:
COSCO has placed orders for four 16,000 teu ships at its affiliated yard in Yangzhou for an undisclosed price basis delivery in the second half of 2025. According to Maersk Broker, the last vessel in the series will have methanol dual fuel...
Estimated reading time: 1 minute
Meanwhile:
by John Konrad (gCaptain) As concerns over the potential use of Chinese-made cranes for gathering information on U.S. military equipment continue to grow, Members of the House China Select Committee,...
Est. reading time: 3 minutes
So who are going to operate the cranes when it is no longer done by “Shanghai Telephone Heavy Industries ” and the Longshoremen are on strike?
ZPMC has had problems with software before.
With the crane on the Heavy Lift Crane ship Lan Jiang, blt. 2001:
The 3800 MT AmClyde crane made on license by ZPMC had a problem with the the Italian made software installed. Apparently it did not understand Chinese ,or American English.
AmClyde is the leading supplier of heavy-lift cranes, mooring systems, pipelay systems, deck machinery, and specialty equipment, including pipe and cable lay equipment.
PS> ZPMC overcame the problem by developing their own software (and crane design)
There is a growing consensus that container shipping has bottomed out with many indicators on the way back up after nine months of decline. Splash reported eight days ago on how multiple analysts including from banks HSBC and Jefferies had called the...
Estimated reading time: 2 minutes
Container shipping is very much influenced by the political climate on both sides of the Pacific.
Besides, the 2024 campaign is already in full swing and “everybody” want to appear tough on China and to stand up for US business against “greedy foreign shipping lines”.
PS> I didn’t hear the fat lady sing.
Huge containership orders show no signs of easing, despite the recent slide in earnings for global liners. According to Maersk Broker, Taiwan’s Evergreen has released a tender for twenty-four 16,000 teu methanol dual fuel ships, spending some...
Estimated reading time: 1 minute
Shipyards have until May 17 to submit bids with the Danish broker suggesting each unit will likely cost $180m.
The orderbook has now increased for 10 straight quarters, reaching a new record high in each of the last four quarters, and at 7.54m teu it now equals 28.9% of the existing fleet, with BIMCO, having taken scrapping into account, predicting the global box fleet will shortly exceed 30m teu for the first time, up 16% compared to today.
Orders are placed for methanol fueled Container feeders at Chinese yard:
Germany’s Reederei Nord has placed an order for two firm 1,930 teu containerships at Guangzhou Wenchong Shipyard for an undisclosed price basis delivery 2025. The order comes with options for two more vessels. According to Maersk Broker, a...
Estimated reading time: 1 minute
Container Art.
The famous Rotterdam based soccer club Feyenoord became “Lands kampioen” in The Netherlands last Sunday:
Which was also celebrated by Maersk as seen left and right with the container in the figure FEY onboard the VUOKSI MAERSK in the port of Rotterdam:
Container shipping is in the crosshairs of a superpower tussle that could divide the world and reshape trading networks:
What does all of this have to do with container shipping?
Well, as the grease that facilitates world trade and commerce, global ocean carriers have to navigate seamlessly around trade disputes. Lines enabled the march of globalisation with huge investment in capacity and infrastructure; any change in the status quo will cause immense disruption and potential impairment of asset values.
Lines are caught in the crosshairs of this latest superpower battle and are left guessing, along with the rest of us, where it might lead.
Container shipping has been relying on one of its top tricks in its playbook to rein in the worst of the markets by going super slow. According to Clarksons Research, the container fleet moved at all-time slow speeds in Q1, with analysis from...
Estimated reading time: 3 minutes
Those with long memories may remember when the selling point for container lines was speed.
In the 1970s container ships sailed at 20-24 kts.:
Fully cellular container ships were also designed to sail faster, reaching cruising speeds of 20-24 knots, making them more competitive for the dry, typically manufactured and higher value goods transported in shipping containers when compared to the slowly more energy efficient converted bulk carriers, tankers or their competing break bulk vessels whose cruise speeds would be closer to 16-20 knots.
Source: The evolution of container ships and their sizes - Largest container ships
ONE has found a blank spot:
This giant magenta-coloured flagship features 25 container bays, with the Japanese liner making the most of recently installed windshields.
All 24,000 teu class ships thus far have been 24 container bays long, and 24 bays wide. Designers at Nihon Shipyard in Japan managed to add a 25th container bay, which is 16 rows wide, onto the forecastle, atop the mooring deck of the ONE Innovation , giving it an extra slot capacity of 128 teu.
The ship’s extra bay is protected by a wraparound windscreen, a piece of technology that rival CMA CGM is also increasingly adopting.
Source: ONE’s latest boxship features extra container bay - Splash247
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West Coast dockers conflict has been settled. Here is the cost to consumers:
Details of the deal hatched between unions and employers covering 22,000 workers at 29 US west coast ports have emerged. After a fraught 13 months of stalled negotiations, walk-outs and cargoes emigrating to alternate locations, the new...
Estimated reading time: 1 minute
Anybody looking for a job requiring minimum of studies for maximum of pay?:
Prior to this wage rise, the average full-time port worker had an annual salary last year of $211,000, when benefits such as pensions and health care are included.
For comparison:
The average University Lecturer salary in the United States is $64,284 as of October 25, 2023, but the salary range typically falls between $54,240 and $94,430.
More mega ships joining the fleet:
Spotted near Shanghai, 2 newbuilding units for CMA CGM The CMA CGM BUZIOS en CMA CGM BAHIA. Photo: Hans Semeins o/b Coral Acropora ©
Note the construction of the bow shield: