Record containership demolition exceeds 500,000 TEU
07 November 2016Containership demolition reach all time high and provides a positive surprise for the struggling container shipping industry.
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Container Shipping - High level of business adjustments ongoing as the industry intensifies the hunt for profitability
17 June 2014During the past eighteen months, a couple of trends seem clear in the freight market for container shipping. Primarily, the demand for imported containerised goods in Europe and US is going up, reflecting the clearly improved economic development. Secondly, the vessels become larger and larger as the quest to lower unit costs is high on the agenda everywhere. Thirdly, the major freight rate volatility is mostly on European-bound containers.
Substantial demolition of panamax containerships
30 June 2016Demolition of containerships almost tripled in the first 5 months of the year 2016 in comparison to the same period of last year.
Containership fleet on the brink to break through the 20 million TEU barrier
13 May 2016BIMCO expects the container shipping fleet to break through the 20 million TEU barrier shortly.
Container Shipping: Weak demand growth in Q1 increases pressure on the industry
06 May 2016The demand for container shipping is stalling at the moment. Indicators for growth in the first months of 2016 point to limited overall demand and huge variations from trade to trade.
Container Shipping - Owners rush to the yards despite a distressed market
11 October 2013Following five weak months of demand growth (January-May), transported container volumes are finally growing on the Far East to Europe trading lane – as much as 1.9% y-o-y in the first seven months of 2013.
Best year ever for container imports on the US East Coast
17 February 20162015 was a busy year for container traffic on the eastern coast of the US. 7.9 million TEU of loaded containers entered the US East Coast in 2015, a 12.6% increase - compared to 7 million in 2014.
Container Shipping - Little progress in demand and record-sized ships
19 August 2013The balancing act continues, as demand moves forward at snail’s pace while a new record-sized containership is deployed in the Asia-Europe trading lane
Container Shipping: A difficult market is helped along by low supply growth in 2016
25 January 2016Overall, container volumes being moved around the world have grown by an average GDP-to-trade multiplier of just 1.1 since 2010 and we expect this to continue in coming years. With IMF expecting GDP growth of 3.4% in 2016, this translates into container demand of 3.5-4%.
Is the lack of demand for containerships a manageable challenge?
17 September 2015The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry.
