Total 36 Posts
Van Son Shipping has reactivated the 1,730 teu VINASHIN EXPRESS 01 on 9 October 2022 and placed the ship on its Haiphong-Cai Mep domestic service. The ship has been laid up since it was delivered June 2013 by the Bach Dang Shipyard in Haiphong. It is a sistership of the NEW VISION [/cms/ghost/#/editor/post/62f36094043625083a08cc6c] that had been re-activated at the end of July 2022 after a 10 year lay up. The VINASHIN EXPRESS 01 was launched in November 2008 but her delivery was delayed by ove
The easing port congestion and a pick up in the number of new ships being delivered has brough the active fleet back above 17m teu for the first time in 12 months. More ships have also entered drydock including ships undergoing scrubber retrofits. Further increases are forthcoming, with new deliveries picking up pace while port congestion continues to ease over the coming 3 months. The number of idle ships has increased to 42 ships for 121,031 teu without employment as at 9 September 2022. 2
Charter rates recorded sharp falls last week, with the negative sentiment in the freight markets finally filtering through to the charter market. With freight rates rapidly collapsing across all tradelanes, charter rates are belatedly catching up with further rate falls to follow given the rising number of vessels available spot and on a prompt basis. Shorter period charters of up to 6 months are no longer commanding any premiums over 12 month rates, while the gap on 24 month rates are also na
Charter rates have continued to ease on the back of lower transaction volumes, with current activity mainly focused on smaller vessel sizes on shorter periods. Rates will continue to weaken in the coming weeks with the summer peak season turning out to be much weaker than expected. The soft charter market has not dampened demand for second hand purchases, with resale volumes remaining high. Wan Hai has confirmed the purchase of 4 newbuildings of 2,800 teu that are under construction at CSBC Ka
The inactive fleet remains largely unchanged at 24 ships for 74,395 teu as at 24 July 2022,which is a historical low level for our data series dating back to 2008. 13 ships for 26,367 teu are idle or awaiting phase in. 4 ships for 13,981 teu are Iranian owned ships. The idle ships list includes the Dioryx owned 4,398 teu MALIAKOS that have been idle since 26 April as the owners are still holding out for better charterer offers and the 9,403 teu JOSEPH SCHULTE that has been stuck at Odessa
June was a bumper month for new ship deliveries with 19 ships delivered for 124,931 teu in total. 6 ships were delivered in the last week alone, including 3 neo-panamax units that were delivered to CMA CGM, MSC and ONE respectively.
The containership orderbook has reached 29.2% of the existing fleet following the latest series of new ship orders by MSC, CMA CGM and ONE over the past month. This is the highest orderbook ratio since 2010...
The active containership fleet increased slightly over the past week due to the reduction in port congestion, with about 400,000 teu coming out of the congestion queue.
Active fleet steady in past week. More ships entered yards for retrofits, after 2-year delay on the extraordinary earning up cycle.
The active containership fleet rebounded to 15.8m teu, 61% of total fleet, as at 1 May due to the improvement in the port congestion situation in China and the US over the past week, with less ships waiting at anchorages.