A “reduced appetite” for ordering ultra-large container vessels (ULCVs) and carriers instead aspiring to become global logistics integrators could finally balance container capacity supply with demand, according to new analysis from Drewry. Indeed, at the end of last year Maersk’s chief executive, Soren Skou, told The Financial Times: “We for sure have to do some…
As we welcome in 2019, Drewry have shared their thoughts on the key issues and trends likely to affect the container ports and terminals sector in the year ahead. Demand: We will see a softening of the global container port demand growth rate, down from an estimated 4.7% in 2018 to just over 4% in…
The prospect of unmanned container vessels serving global container supply chains has taken another step forward. Sea Machines Robotics, a US developer of autonomous vessels, announced it had raised $10m from venture capital funds. The investors were led by Accomplice VC and Eniac Ventures, but also include Toyota AI Ventures, TechNexus Venture Collaborative, NextGen VP, Geekdom Fund,…
China's newest and largest container ship has ABB turbochargers installed to help to ensure optimal performance and fuel efficiency. The flagship in Cosco Shipping Line's Universe mega containership series, the 21,000+ TEU COSCO Shipping Universe, was delivered in June 2018 by Chinese shipbbuilder Jiangnan Shipyard (Group) Co. Ltd. The vessel is equipped with three ABB A180-L two-stroke…
Drewry’s latest five-year global container port demand forecast is 4.3% per annum, up from last year. The maritime consultancy made the announcement in its summary of the key trends and developments in the global container port and terminal industry. Projected port capacity expansion is 2.7% per annum, so average utilisation levels will rise, said Drewry.…
Following on from our earlier article concerning shipping emissions, over 170 countries reached agreement on Friday (13 April) to reduce CO2 emissions from shipping by "at least" 50% on 2008 levels by 2050, ending years of slow progress. Despite opposition from nations including Brazil, Saudi Arabia and the US, the states came to a final…
The first magenta containership of the Japanese merged containership business, Ocean Network Express (ONE), has been launched at Imabari Shipbuilding in Japan. The 14,000 TEU ship is named ONE Manato and will now undergo final touches before it gets delivered in December 2018, data from VesselsValue shows. It is the first tailor-made boxship for the company,…
Next week, countries are supposed to finalise a deal on limiting greenhouse gas (GHG) emissions from international shipping. The International Maritime Organisation (IMO) environment meeting in London is expected to set a concrete target for shipping emissions in the coming decades. After the Paris Agreement and a deal on emissions from International Aviation, shipping is…
The Karachi Port Trust (KPT) has ordered investigations into the collision between two container ships that took place at the Karachi port this week. The incident occurred on Monday at a private terminal - South Asia Pakistan Terminals - affiliated to Karachi Port when a cargo ship during berthing slightly hit an anchored cargo ship.…
The 2018 marine forecast for transpacific and other major shipping trade routes notes that full recovery depends on a number of political, economic and technological factors. China is also a concern. “I know analysts have been harping on about it for years,” said Transport Intelligence Ltd. economist David Buckby, “but I think given what the…
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