Maersk Drops Its Fleet Cap as Capacity Passes 4.7m TEU
Maersk has abandoned the 4.0 to 4.4 million teu ceiling that defined its strategy for the decade, with its operated fleet already past 4.7 million teu and CMA CGM closing the gap.
Korean Builder Takes Delivery Of Its First Owned Crude Carrier
A Korean shipbuilder's shipping subsidiary has taken delivery of a 320,000 deadweight tonne very large crude carrier, the first vessel it has owned outright since the unit was established.
Undelivered Tanker Locks In Thirty-Nine Million Dollars Of Charter Revenue
A very large crude carrier still under construction has been fixed on charter at a net rate of about 105,700 dollars a day for twelve to fifteen months, securing close to thirty-nine million dollars of revenue before the ship has been
Freight For A Single Gulf Voyage Reaches Twenty-Five Million Dollars
A single voyage carrying about two million barrels of crude out of the Gulf has been fixed at a freight level implying a bill of roughly twenty-three to twenty-five million dollars, against something closer to two million dollars for
Freight For A Single Gulf Voyage Reaches Twenty-Five Million Dollars
A single voyage carrying about two million barrels of crude out of the Gulf has been fixed at a freight level implying a bill of roughly twenty-three to twenty-five million dollars, against something closer to two million dollars for
Container Lines Now Own The Majority Of Their Operated Capacity
The twelve largest container lines now own roughly 63 percent of their operated capacity, reversing the capital-light chartering model that defined the sector before the pandemic.
DryDel fixes four capesize newbuildings to K Line on five-year charters
Greek owner DryDel Shipping has secured long-term employment for all four of its capesize newbuildings, fixing the vessels to Japan's Kawasaki Kisen Kaisha on five-year time charters that begin on delivery.
Container lines shift decisively towards owned tonnage
Container lines have sharply increased their reliance on owned ships during the 2020s, reducing their exposure to a charter market that has been repeatedly constrained by limited vessel availability.
Petrobras rises up the tanker rankings as Unipec's grip loosens
Brazil's Petrobras has emerged as one of the biggest gainers in the crude tanker market this year, climbing the charterer rankings as Unipec's dominance eased.
New dry bulk outfit emerges in Dubai
A new Dubai-based dry bulk venture, Mayborne Bulk, has launched under industry veterans Jesper Lollesgaard and Parikshit Sial, with an asset-light model focused on the handy, supramax and ultramax sectors.
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