Container Shipping News

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US regulator hands out more fines in shipping crackdown

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Chinese ports move over 230 million TEUs in 2023 9M - Container News

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Mini multimodal:

TEU capacity not stated.

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US containerized agriculture exports falls year to year

‘Union Pacific has not experienced a meaningful reduction in container flow to major population centres on our network,’ said Union Pacific ‘We are also still transporting empty containers back from the inland points to the west coast.’

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Just over 300 TEU capacity separate #1 and #5.

[jdcavo]

Ever Alot? As in “that’s alot of containers?”

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War is good for container shipping business:

The World Container Index increased by 15% this week as per Drewry | Freight...

The composite World Container Index increased by 15% to $3,072 per 40-foot container and this is 44% higher than the same week in 2023.

PS> But longer transit time add to the cost per container.

[tugsailor]

I suspected that the Houthis Suez Route disruption would be very very profitable for shipping.

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Record number of new container ships delivered in 2023:

Rekordmange nybygninger skaber fortsat ubalance i containermarkedet

This year is predicted to see an even larger fleet increase:

Record new boxships to push global fleet over 30m TEU

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Shakeup in the container shipping alliance system:

THE Alliance members left with few options in wake of Hapag-Lloyd's departure...

“Partnerships are formed as per headquarters geography more than has been the case in past years.”
Sand said the corporate marriage between Maersk and Hapag-Lloyd was a “fine cultural match”.

The new cooperation between Hapag-Lloyd and Maersk will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4m teu; Maersk will deploy 60% and Hapag-Lloyd 40%.
The cooperation will comprise 26 mainline services, covering seven trades: Asia / US west coast, Asia / US east coast, Asia / Middle East, Asia / Mediterranean, Asia / North Europe, Middle East – India / Europe and the transatlantic.

Charles Moret, a partner at CTI Consultancy, maintained, via a post on LinkedIn, that the decision to put just 290 ships into the new alliance – from a combined pool of nearly 1,100 vessels – was a smart play from the two European liners.

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‘Robust cooperation throughout 2024’: THE Alliance members bid to quash...

“THE Alliance members are in a jam and will be desperate to fill the Hapag-Lloyd void,” Simon Heaney, senior manager of container research at UK consultancy Drewry, told Splash last week.
Finding a suitable replacement and having zero leverage will prove challenging, he suggested.

[spowiednick]

PR or propaganda stow… Quite impressive is it not???

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Alliances: the blatant cartel? - Splash247

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Lidl is a brand name not normally associated with shipping:

Lidl’s Tailwind crowned fastest-growing boxline in the world - Splash247

Linerlytica data now places Tailwind, founded two years ago, as the 38th largest liner in the world with 15 ships and just over 40,000 slots. Two of the vessels are owned. It has also has two ships on order.
The company has also just concluded a three-year term for its largest ship, taking the 6,881 teu Kea, with the reported rate standing at $39,000, marking a notable 15% increase from the last similar vessel fixed approximately a month ago. The vessel is owned by Monaco-based, Embiricos family-controlled International Maritime Enterprises.

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“Astrid Mærsk” on a trial trip the other day outside Busan, Korea:

Both photos: Jan Plug

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Beyond the Houthis’ attacks on shipping: The absurdity of the India-Middle...

I will end this article with a curiosity—the Yiwu-Madrid train, by far the longest railway in the world. Inaugurated in 2014, stretching 13,052 km from Yiwu (China), the world’s largest wholesale market, to Madrid, crossing eight countries: China, Kazakhstan, Russia, Belarus, Poland, Germany, France and Spain. Even this train is not a dry canal: all the cities where it unloads are final destinations or are close to them. And let’s not forget: The Yiwu-Madrid train carries… 100 containers. The train did not stop running after the Russian invasion of Ukraine.

In short, let’s not talk about a corridor between India and Europe, but only about highways and railways linking the countries of the Middle East, provided that peace finally comes to the region.

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MSC faces financial penalty of over US$63 million relating to reefer...

The Office of Enforcement said, “For years, MSC used its market power and wielded heavy-handed tactics to define standard bill of lading terms such as ‘merchant’ to justify billing nonconsenting and non-contracting third parties for detention and demurrage. In this case, MSC invoiced third parties listed as ‘notify parties’ found on its standard bill of lading, regardless of their contractual or beneficial cargo status.

Shipper, Consignee, and Notify Party: Understanding the Differences

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Crowley Unveils New LNG-fueled Containerships

The 1,400 TEU vessels were ordered in 2022 by Singapore-based Eastern Pacific Shipping (EPS) for scheduled delivery from South Korea’s Hyundai Mipo Dockyard in 2025.
EPS will charter the ships out to Crowley, who will deploy them on its U.S.-Central America trade connecting U.S. markets to Nicaragua, Honduras, Guatemala and El Salvador. Each ship will feature 300 refrigerated unit plugs.

PS> It doesn’t state the type of charter, but one MAY assume Bare Boat Charter.(??)

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Container port ranking

Shanghai stretches lead at the top of the boxport rankings to 10m teu -...

Shanghai has been the world’s largest container port for the last 14 years, beating Singapore into second place. It now stands on the cusp of being the first place in the world to handle 50m TEUs in a calendar year.

The second fastest grower of the top 30 last year was Morocco’s Tanger Med, overtaking venerable Hamburg in the process. Volumes for Africa’s largest boxport have risen 80% since 2019, according to Alphaliner.

Want to know more?
Here is a list of the 25 busies Container ports in the World, w/details on each port:

25 of the World's Largest Shipping Ports in 2023

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Latest list of top 20 container shipping companies worldwide