The ongoing China-US trade war has hit container volumes from China to the US, with China containerised exports to US ports dropping by 6.5% in the first five months of 2019 compared to the previous corresponding period, according to data by Alphaliner.
As much as 16% of the global containership fleet by vessel count and 35.7% in terms of capacity have been equipped with scrubbers as at end-May, seven months ahead of the implementation of the IMO 2020 regulation, according to Alphaliner data.
The Far East – West Coast South America (WCSA) container trade is set for a whopping 18% increase in capacity this year according to Alphaliner.
The extended shares trading suspension of Cosco Shipping Holdings prompting media reports of an imminent acquisition of Orient Overseas Container Line (OOCL) have thus far turned out to be “unsubstantiated speculations” and an actual deal “is still far from certain to go through”, according to analyst Alphaliner.
The outlook for container shipping may further brighten up with throughput growth anticipated to outpace supply growth for a second consecutive year in 2017, as global port throughput growth has been revised upwards in view of a strong first quarter, according to Alphaliner.
New carrier Djibouti Shipping Lines (DSL) plans to launch a container shuttle service in April connecting Djibouti to Berbera (Somaliland), according to Alphaliner.
Zim lost substantially less through impairments for cancelling boxship newbuildings ordered at the top of the market than it would have taking delivery of the ships according Alphaliner.