Containership capacity is likely to grow by less than 2% this year. But with volumes falling more than 7% already, the gap between supply and demand will get wider. Read More in Lloyd’s List
Container Box
US west coast box port figures show weak rebound
Cancelled sailings are projected to significantly recede as the traditional holiday peak shipping season ramps up during the third quarter. Read more in Lloyd’s List
What Gets Measured Gets Managed: The Poseidon Principles and their Impact on the Shipping Industry
Read the article written by MSI Director James Frew here
Coronavirus demand slump cuts a swathe through boxship charter rates
Ocean container volumes are about to fall off a cliff
The new market outlook of U.K.-based consultancy Maritime Strategies International (MSI) reads like a Stephen King novel geared toward container-line executives. It’s not exactly feel-good reading for cargo shippers either. Cheap freight rates are only attractive if they don’t trigger another Hanjin Shipping-style bankruptcy. Read more
IMO 2020 – lower sulphur means higher freight rates
‘From our discussions with Maritime Strategies International (MSI) and other active participants in the freight market, we now expect a higher uptake of scrubbers. We estimate that 20-25% of the larger Capesize vessels will have scrubbers fitted by end 2020. For the mid-size Panamax vessels, the uptake is lower at 5%.’ Read more
DP World chomps its way toward end-to-end logistics after swallowing up Feedertech
Take a look at Daniel Richard’s comments on the latest with DP world’s acquisition of Feedertech. Read more
Box Line Predatory Pricing undermining rates
BIMCO Proposes Slow-Steaming Alternative to IMO
In the Shipping Herald, MSI’s Dan Richard’s Load Star article is quoted- ‘Liner companies face a “trade-off” between minimising fuel bills, thus cutting emissions, but no longer being able to offer a full network of port pairs.’ Read more
IMO 2020 and blank sailings to define Q4 container markets
MSI argues in Hellenic Shipping News that liner charges to customers, as they introduce the more expensive low sulphur fuels, will define box-shipping markets in the coming months. However, MSI is sceptical of claims that expected fuel price increases in January will lead shippers to front-load cargoes. Read more