A.P. Moller – Maersk has penned an agreement with Debo Energy in China for the supply of green methanol as fuel for its containerships under construction in South Korea. The letter of intent with Debo would see the Danish shipping giant purchase 200,000 tons of green methanol annually from the...
Reports have emerged of another sizeable fire onboard a boxship. Insurance firm WK Webster carries news of a fire on the 8,586 teu 10 days ago in the Indian Ocean. Tracking from MarineTraffic (see below) shows the ship made for Colombo after the fire erupted, where the ship remains today. The fire...
https://splash247.com/hundreds-of-boxes-damaged-in-latest-containership-blaze-off-colombo/
Reefer container freight rates across global trades rose over 50% in the year to Q2, matching gains made in dry cargo pricing, and are estimated to increase further in Q3, outpacing dry box rates, according to a new report from British consultancy Drewry. Drewry warns that some stabilisation is...
https://splash247.com/reefer-container-freight-rates-to-outpace-dry-box-pricing-drewry/
Chastened by statistics from insurers that suggest a major fire takes place on a boxship every 60 days, Danish carrier Maersk has been taking plenty of action on this issue in recent years. Maersk, which has suffered a number of fires across its fleet in recent years, including the deadly blaze on...
https://splash247.com/maersk-invests-in-fleet-wide-firefighting-tech/
The capacity size gap between the largest carriers and the rest of the field is now bigger than ever, according to data carried in the latest weekly report from Alphaliner. Today, the top 10 carriers operate 21.8m teu, versus 2.5m teu for the next 20 ranked lines, a far cry from the fragmented...
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Hamburg’s newest shipping line has broken cover to detail its goals. Splash reported last week on the creation of CARRIER53’, a carrier backed by German leasing firm Lotus Containers, focusing on the shipment of oversized 53 foot containers from China to the US. To date, the carrier has...
John Butler, the president and CEO of Washington DC-based liner lobbying group, the World Shipping Council, has come out with a robust defence of tonnage tax schemes, while others are suggesting carriers are getting away with the same light taxation touch afforded to tech giants. Splash reported...
https://splash247.com/liners-defend-existing-tax-systems-as-pressure-builds/
The issue of liner shipping and taxation is once again in the news during a record Q2 earnings season for global carriers. This month has seen Maersk post profits of $8.6bn and Hapag-Lloyd report a EUR8.7bn ($8.94bn) profit amid a host of spectacular results that are seeing some politicians...
https://splash247.com/tax-contributions-from-liner-billionaires-questioned/
South Korean intra-Asia operator Namsung Shipping has signed with Hyundai Mipo Dockyard for the construction of two 2,500 teu vessels, according to Clarksons Research. No price has been revealed for the vessels, which come with a notably early delivery date in the second half of 2024. Namsung is a...
