-
Oversupply of ships still major challenge warns ICS
London, UK — Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that avoiding overcapacity and unsustainably low freight rates is still a major challenge 10 years after the massive downturn of 2008.…
-
Drewry: Have we reached peak ULCV delivery?
London, UK — The surge in the amount of ultra-large container vessels (ULCVs) arriving over the next few years has some worried about the extra capacity, but according to Drewry Shipping Consultants, carriers will be able to mitigate the capacity…
-
OOCL and Microsoft team up for AI development
Hong Kong, China — Microsoft Research Asia (MSRA), Microsoft’s world-class research arm, and Orient Overseas Container Line Limited (OOCL) announced their partnership in applying Artificial Intelligence (AI) research to improve network operations and achieve efficiencies within the shipping industry. The…
-
Container lost from cargo ship contains sulfuric acid
Nasg Head, NC — The U.S. Coast Guard says a cargo ship lost 70 of its 30,000 containers off North Carolina’s Outer Banks in 65-mph (100-kph) storm winds and waves up to 30 feet (9 metres) tall. The agency says…
-
Garbage time: container lines will feel the pinch as China restricts import of waste for recycling
London, U.K. – Container shipping lines could lose around 5 million TEU of cargo a year following the recent import ban on a wide variety of waste materials for recycling, according to new research from Drewry Maritime Advisors. China brought in new…
-
Probe ordered into Pacific fleet after collisions with container ships
Singapore — The U.S. Navy ordered a broad investigation Monday into the performance and readiness of the Pacific-based 7th Fleet after an early morning collision between the USS John S. McCain and an oil tanker in Southeast Asian waters left…
-
Idle containership fleet shrinks
London, UK — Having been one of the few fast-growing segments in the containership industry until recently, the idle containership fleet has since dropped considerably, according to shipping consultancy Drewry. The idle fleet has shrunk from 1.7 million TEU in November…
-
A windshield on a containership saves fuel and cuts emissions
Tokyo, Japan — Japanese ocean carrier MOL has successfully completed testing a windshield on the bow of one of its containerships, which it claims has saved fuel and reduced CO2 emissions by around 2%. The windshield was installed on the 2010-built 6,700 TEU MOL Marvel in September…
-
U.S. ports welcome giant ship
Savannah, GA — The largest cargo ship ever to visit ports on the U.S. East Coast is so long the Statue of Liberty and Washington Monument could fit end-to-end along its deck and still leave room for Big Ben. The COSCO Development arrived May…
-
OECD/ITF releases study on impact of mega ships
PARIS, Fra.–Container ships have grown incessantly over recent decades due to a continuous search for economies of scale by shipping lines, says an OECD International Transport Forum released following the annual ITF summit this May. In the past this has…