Search results for: Container shipping

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  • 22 May 2017
    Business & Finance

    MPC Container Ships AS, the recently established subsidiary of MPC Capital AG, has acquired seven container ships with capacities ranging between 966 TEU and 2,824 TEU for USD 38 million, and has agreed to add six more vessels to its fleet. The acquired fleet consists of the 2007- and 2008-built sister ships AS Laetitia and AS Laguna, both […]

  • 15 January 2019
    Business & Finance

    Drewry: The industry’s supply-demand balance will benefit from a reduced appetite for ULCVs among major carriers.

  • 13 February 2017
    Business & Finance

    Although the container shipping sector saw a huge amount of consolidation in 2016 driven by the persistent pressure in the industry, the sector is still not that consolidated, according to Clarksons Research. On the basis of start 2017, this fairly fragmented shipping industry counted 88,892 ships in the world fleet, which were spread across 24,267 owners. That works […]

  • 16 October 2017

    The container shipping industry is steaming its way toward making an operating profit in the region of USD 6 billion this year, with that sum rising again next year, Drewry said in its latest report on container shipping industry. As disclosed, for now, “the industry is moving in the right direction.” World container port handling […]

  • 11 September 2017
    Business & Finance

    Driven by better market fundamentals and greater pricing discipline, carriers are now finally getting their strength back and looking forward to a potentially golden era of profitability. Most container shipping lines returned to profitability in the second quarter as expected, but significantly the recovery is more broad-based, according to shipping consultancy Drewry. This time last […]

  • 2 November 2017
    Business & Finance

    Norwegian containership owner MPC Container Ships AS has entered into an agreement to acquire HS Liszt, a 1,350 TEU vessel built in 2008. The vessel has been acquired at a price of USD 6.2 million, the company said. The ship was part of the fleet of Germany’s Hansa Treuhand KG, according to the data provided […]

  • 16 May 2016

    The container shipping fleet could break through the 20 million TEU barrier shortly and, with an estimated net addition of 0.68 million TEU of capacity for the full year, the milestone could be reached in June, according to BIMCO. Over the last decade, the fleet size in TEU increased by 240% and reached 19.7 million TEU at […]

  • 7 July 2017
    Business & Finance

    Japan’s three major container shipping companies established a holding and operating company on July 7 as they move toward the integration of their container shipping businesses. Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines (MOL), and Kawasaki Kisen Kaisha (K Line) was planning to set up the joint venture company at the strt of July, however, […]

  • 12 December 2017
    Business & Finance

    MPC Container Ships has agreed more second-hand vessel acquisitions, raising its fleet to 39 ships.

  • 4 January 2019
    Business & Finance

    Alphaliner: 2018 was a year of contrast for the containership market.

  • 3 January 2017
    Business & Finance

    The latest phase of mass consolidation continues to see the container shipping industry sailing in uncharted waters and has emphasized the extent to which liner companies are having to restructure their business models in order to survive, according to Maritime Strategies International (MSI). MSI said that the actions taken by liner companies, both in terms of […]

  • 9 October 2015
    Business & Finance

    The container shipping market may find comfort in the fact that global volumes were up by 1.1% in the first six months of 2015, but only two major trade routes actually saw a rise in volumes for the period, according to BIMCO. The story of U.S. East Coast imports was the only positive one on […]

  • 9 October 2015
    Business & Finance

    The container shipping market may find comfort in the fact that global volumes were up by 1.1% in the first six months of 2015, but only two major trade routes actually saw a rise in volumes for the period, according to BIMCO. The story of U.S. East Coast imports was the only positive one on […]

  • 15 June 2015
    Business & Finance

    The demand situation in the container shipping market is developing a tad slower than what the market had anticipated as the volumes have failed to pick up markedly, BIMCO said in its latest market report. According to BIMCO, global volume growth in Q1 was just 1.8%, nevertheless, things are moving in the right direction and […]

  • 5 February 2018
    Business & Finance

    Market share aggression among carriers saw spot rates collapse in the final months of 2017.

  • 31 August 2017
    Business & Finance

    MPC Container Ships, a Norway-based owner and operator of container vessels formed in April 2017, has acquired six boxships in a portfolio transaction from various owners. As informed, the newly purchased fleet comprises one 2,700 TEU and five 1,300 TEU vessels. “The company’s investment for this fleet totals USD 57 million, including working capital and […]

  • 25 April 2019
    Business & Finance

    MPC Container Ships signed a USD 40 million credit facility agreement at “attractive terms”.

  • 8 April 2019
    Business & Finance

    Drewry: Degree of uncertainty in the container shipping industry is probably the highest in a decade.

  • 13 June 2016
    Business & Finance

    Although container shipping spot rates should be more stable through the rest of the year, presuming carriers have ended their rate war, the average rates in 2016 are expected to be lower than last year, according to shipping consultancy Drewry. In recent weeks there have been some large increases in spot rates in the major container lanes, particularly in the […]

  • 16 March 2018
    Business & Finance

    MPC Container Ships ASA continues its ambitious fleet buildup campaign.

  • 26 October 2017

    Increased consolidation among carriers driven by a continued oversupply of vessels could bring some order to the market, however, the recent mergers and mega alliances may lead to oligopolistic structures, UNCTAD warned in its latest report on maritime transport. “A slower demand than earlier projected, coupled with a large influx of vessels, has led to a […]

  • 18 February 2015
    Business & Finance

    Malaysian-based shipping company Hubline has decided to exit the container shipping business and focus on break bulk.