• New mega-containership arrivals risk upsetting the balance on box trades

    Aug 20, 2020 — Despite the containership orderbook at an historic low, the top carriers have a backlog of 86 ships of over 10,000 teu stemmed for delivery over the next two to three years. The orders were placed before the pandemic stunted global growth, but with considerable uncertainty over the speed of a recovery against the recessionary background, the deployment of 1.47 million teu of capacity on the newbuild ULCVs could prove challenging.
  • Container Costs Risk Spiraling Out Of Control

    Aug 20, 2020 — Container shipping costs and service levels are at risk of spiralling out of control, according to Drewry. As well as a massive withdrawal of capacity since the start of the Covid-19 crisis – 468 blanked departures on east-west trades – the analyst said schedule reliability had been “extremely low”.
  • Inactive boxship fleet to surpass 3m teu for the first time

    Apr 8, 2020 — The sudden massive volume of blanked sailings announced in recent days is set to create new records in terms of the inactive containership fleet, which analysts at Alphaliner are now saying will breach the 3m teu mark for the first time meaning some 13% of the entire global box fleet will be out of work. The inactive containership fleet had actually been dropping for most of the last month having hit a record of 2.46m teu at the start of March.
  • Joint Association Letter – Emergency Financial Support Needed for the Defense Personal Property Program (DP3)

    Apr 7, 2020 — IAM and AMSA signed a joint letter to the USTC Commander, GEN Stephen Lyons, asking for any advocacy/assistance he could provide for this industry to work with DoD to get financial support.
  • COVID-19 Relief Package Clarification

    Apr 7, 2020 — For companies whose operations have been curtailed or otherwise impacted by COVID-19 related restrictions, several clarifying guidance and forms were issued over the weekend, connected to programs created under the first three legislative relief packages to pass the Congress.