Ships & Shipbuilding

Ships & Shipbuilding

Ship and shipbuilding news as it pertains to the shipping industry, such as orders for newbuilds by container lines, new ship designs, mega-ships or maritime accidents.

Ocean carrier decisions to build ships/add to the fleet, all other factros being equal, can signal a strengthening market. Some of the world's largest shipbuilders are Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and CSBC.

Webcasts

US-Canada Trade: Analyzing the Outlook
May 2, 2019 2:00PM EDT
US-Mexico Trade: A New Era Takes Shape for Importers and Exporters
May 16, 2019 2:00PM EDT

Commentary

Yilport, which signed a memorandum of understanding with the Mississippi State Port Authority in February, is promising to invest hundreds of millions of dollars in the state’s Port of Gulfport, for which it sees serving a distinct purpose. 

News & Analysis

20 Jul 2018
Amid a slew of low water-level carrier surcharges, the Port of Montreal said concern that its future is limited by its shallow draft is overplayed.
18 Jul 2018
Declining volume is forcing capacity cuts and heaping additional pressure on carriers battling to cope with rising operating costs.
A Hapag Lloyd ship.
30 May 2018
Concerning the peak season fee, at the same time that Hapag-Lloyd added a $1 fuel surcharge, the ocean carrier surprised the market with a peak season surcharge of $55 per TEU that it said will be levied from June 1 on all trades out of China.
A CMA CGM ship.
25 May 2018
Rodolphe Saadé, group CEO of CMA CGM, announced the surcharge along with first-quarter results, which saw revenue surge. Despite that increase in demand, fuel costs resulted in a $77-million net loss for the quarter.
Maersk and MSC vessels pass each other outside the Port of Rotterdam.
25 May 2018
With such a sharp increase in bunker fuel prices that dragged carriers into a loss-making first quarter, it is no surprise that Maersk and Mediterranean Shipping Co. will levy an emergency bunker surcharge from June 1.
23 May 2018
The Canadian East Coast’s very stable market has recently changed significantly: it’s in a state of turmoil with many container port projects being considered — Quebec City (Beauport); Dartmouth, Halifax; Montreal (Contrecoeur); Melford, Nova Scotia; and Sydney, Nova Scotia (Novaporte).
A Hapag-Lloyd ship.
18 May 2018
A sharp increase in fuel prices is placing carriers under pressure, and they've responded with rate increases planned for June 1.
14 May 2018
Port congestion at some Asian ports is delaying cargo.
The Port of Los Angeles.
03 May 2018
In 2017, marine terminals continued to struggle with the demands presented by larger ships, but implied in that are several encouraging statistics regarding the condition of global trade.
Port of Antwerp.
02 May 2018
Ports in North Europe had the biggest increase in average call size in 2017, but Southeast Asia and Latin America also had impressive average growth increases.