Secondhand ship market booming
Alphaliner: 185 boxships, totaling 600,000 TEUs, were bought & sold in the first half of the year
Drewry, spot rates down again this week
The Drewry World Container Index fell 2.7 % to $1,494.46 /FEU on the week before
All quiet on the box front?
Freight rates now seem to have stopped falling. Is a fresh start in sight? , Giorgio Poggio urges caution
Slow steaming’s timeless charm
For the past five months, ships on the Asia-Europe and North America routes have been sailing at reduced speed
Fire breaks out on board the MSC Rita
The ship had moored in the port of Khalifa on 6th June. One sailor was seriously injured.
Wan Hai in the red in 1st quarter
The Taiwanese carrier closed its January-March period with a $68.4 million net loss. Revenues -68.3%
Boxships cutting their sailing speed
-5% compared to last year. Slow steaming has removed up to 6% of the world fleet from the market
Boxships getting slower and slower
According to BIMCO their average speed decreased by 4% in the 1st quarter and could be 10% slower by 2025
MSC scrapping some of its ships again
So far this year the Italian-Swiss carrier has sold six boxships for scrapping. It had not done this since 2018