In the race to chase higher volumes it is often forgotten that headline numbers are not the end all and be all of the shipping business. Hong Kong-based Orient Overseas Container Line (OOCL) with its latest set of results has proven that it is able to maintain the fine balance between utilisation and revenue.
Top container line Maersk is not the only one in the industry that is looking at greater use of blockchain technology, with Orient Overseas (International) Ltd (OOIL) also doing its part to advance the greater use of the technology and looking at various applications using blockchain.
The boxship sector is facing record deliveries of ultra-large containerships (ULCs) newbuildings in 2018 with 10 joining the fleet in January alone.
While the intra-Asia trade has been held up as the next great thing the container industry, there remains debate about the perception that it is notoriously difficult to make money from.
Gigantism is a common trait across shipping with owning the largest of whichever type of vessel, be it a bulker, a tanker, containership, or gas carrier, a badge of honour, even if sometimes the economics are somewhat more dubious. Seatrade Maritime News has compiled a list of the largest vessels across various categories of vessel – most of which are still in service.