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Standard Container News

22 Aug 2022

Container Prices, Leading Rates Decline

Copyright DifferR/AdobeStock

Average container prices have declined by more than half from the last year in August as China picks up containerized trade volumes more recently, according to an analysis published by Container xChange.Trade in China was impacted in the first half of the year, but the containerized trade seems to have picked up since July (2022) according to the analysis put together by Container xChange. “Shippers are once again hoping that the exports will restore in full swing as the industry prepares for the peak season.

18 Aug 2022

Average Container Prices and Leasing Rates Decline in China

© Kalyakan / Adobe Stock

Average container prices have declined to more than half from the last year in August as China picks up containerized trade volumes more recently, according to an analysis published by Container xChange, a technology marketplace and operating platform for container logistic companies. The analysis is a part of the monthly container logistics report published by Container xChange titled ‘Where Are All The Containers’.The decline in average container prices and leasing rates offer…

11 Aug 2022

Hapag-Lloyd More Than Trebles H1 Net Profit, Sees Economic Uncertainty

(Photo: Hapag-Lloyd)

German container shipper Hapag-Lloyd on Thursday posted a net profit of 8.7 billion euros ($8.94 billion) for the first half of 2022, more than three times as much as a year earlier, but said war in Ukraine and the coronavirus crisis somewhat clouded its prospects.The company, the world's fifth-biggest container line, upheld forecasts made on July 28 for full year 2022 earnings before interest, tax, depreciation and amortization to range between 18.2 billion and 20.1 billion euros, and for earnings before interest and tax to come in between 16.3 billion and 18.2 billion euros.But the forecast

12 May 2022

Hapag-Lloyd Net Profit More Than Triples

(Photo: Hapag-Lloyd)

German container shipping group Hapag-Lloyd on Thursday reported first-quarter net profit of 4.2 billion euros ($4.4 billion), more than triple the number a year ago and, forecast another strong performance for the second quarter."The year has got off to an exceptionally strong start on the whole, and whilst there have been first signs that the market has passed its peak, we also expect a strong second quarter," Chief Executive Rolf Habben Jansen said.Jansen also said that currently global supply chains remained under significant pressure…

12 Nov 2021

Hapag-Lloyd Profit Soars 10-fold on Record Freight Rates

(Photo: Hapag-Lloyd)

German container shipping line Hapag-Lloyd reported a more than 10-fold surge in nine-month net profit on Friday, citing record freight rates amid scarce transport capacity and rising transport volumes.The world's fifth biggest operator said net profit climbed to 5.6 billion euros ($6.41 billion) in the January-September period, from 538 million euros a year earlier.It expects earnings momentum to remain at a high level for the rest of the year while operators and customers across…

12 Aug 2021

Container Shipping Giant Hapag-Lloyd Posts Near 10-fold Profit Rise in H1

Credit: Björn Wylezich/AdobeStock

German container shipping line Hapag-Lloyd on Thursday reported a nearly 10-fold increase in first-half net profit, citing surging freight rates amid scarce transport capacities.The group, the world's number five in the industry, said net profit climbed to 2.7 billion euros ($3.28 billion) from 285 million euros a year earlier.It said it did not expect any normalization in global supply chains which have seen severe infrastructure bottlenecks due to the coronavirus crisis."We are naturally pleased by this extraordinary financial result," said chief executive Rolf Habben Jansen."But the bottlen

27 May 2021

Alfa Laval PureBallast Deckhouse Solutions Gets DNV Nod

Image courtesy Alfa Laval

DNV issued a Type Approval Design Certificate for Alfa Laval PureBallast 3 Ex deckhouse solutions, the first design approval for the installation of ballast water treatment systems on the weather deck, a potentially attractive installation solution for many ship owners and shipyards alike.According to the manufactuers, placing ballast water treatment systems in a deck-mounted enclosure is necessary on many modern tankers due to lack of a pump room or other suitable internal space.

13 May 2021

Hapag-Lloyd Reports Strong First Quarter

© Mariusz / Adobe Stock

German container shipper Hapag-Lloyd said on Wednesday it increased its net profit in the first quarter to 1.2 billion euros ($1.45 billion) and kept up its guidance for "clearly higher" full year earnings."We concluded the first quarter with a very positive financial result and look back overall on a solid start to the year," said Rolf Habben Jansen, chief executive of Hapag-Lloyd, the world's number five container liner.Its net profit had slumped to 25 million euros a year ago as the coronavirus pandemic hit.Citing high demand for container transport and higher freight rate income, the compa

12 Apr 2021

Ever Given Fiasco Illustrates Importance of the Shipping Container

(Photo: Suez Canal Authority)

Take a look around you.Perhaps you’re snacking on a banana, sipping some coffee or sitting in front of your computer and taking a break from work to read this article. Most likely, those goods—as well as your smartphone, refrigerator and virtually every other object in your home—were once loaded onto a large container in another country and traveled thousands of miles via ships crossing the ocean before ultimately arriving at your doorstep.Today, an estimated 90% of the world’s goods are transported by sea…

18 Mar 2021

Hapag-Lloyd Avoids Forecast Due to Coronavirus Uncertainty

© Wolfgang / Adobe Stock

German container shipper Hapag-Lloyd said on Thursday it almost tripled its net result in 2020 due to lower costs and higher freight rates, but shied away from specifying 2021 results due to uncertainty in the coronavirus crisis.The net result in 2020 amounted to 935 million euros ($1.12 billion) compared with 373 million euros in 2019 after revenue rose 3% and freight rates increased 4%, it said in a statement.Hapag-Lloyd, the world’s fifth largest container line, expected to…

14 Jan 2021

Energy Storage Systems Continue to Expand in North American Maritime Markets

Corvus Orca Energy, the world’s most widely deployed maritime ESS, is versatile for a wide range of applications and scalable from 80-10,000 kWh. (Photo: Corvus Energy)

North America is increasingly adopting energy storage systems (ESS) to use in combination with combustion engines or as the sole energy carrier in fully electric-powered systems.We clearly see a transition from ‘consideration’ to ‘execution’ of hybrid and all-electric maritime projects. Stakeholders want to explore how to make vessels more energy efficient and less polluting. Corvus Energy has deployed over half of the ESSs aboard vessels globally, totaling over 300 megawatt hours (MWh).In North America, Corvus has deployed 24 MWh of energy storage capacity, and there are 13 vessels under U.S.

05 Nov 2020

Plug & Play: 'Microgrid in a Box' Promises to help Power Maritime's Future

Sterling PBES’ new containerized Energy Storage Solution (ESS) is designed to deliver simple electrification for virtually any vessel.

As the maritime industry searches for the means to meet ever tightening emission regulations, battery power sits at the center of future paths to decarbonization. Sterling PBES launched CanPower, an all-encompassing energy storage system (ESS) microgrid. The CanPower 'Microgrid in a Box' promises to add energy storage to virtually any vessel, without the need for complex design and build times.According to Sterling PBES, two of the main hurdles facing shipowners wishing to install ESS’ are the physical footprints of the systems and the complexity of the installation.

28 Nov 2019

Jongen Deploys Damen's Mobile BWTS

German maritime waste specialist Jongen GmbH has taken delivery of a Damen InvaSave 300 mobile ballast water treatment system (BWTS), which will protect the Elbe from invasive Species.Jongen can now offer IMO-certified ballast water treatment services to ship operators needing to comply with the latest ballast water regulations that came into effect on 8 September 2019.Jongen GmbH delivers waste oil, waste water, and the waste removal services for maritime traffic in the Port of Hamburg. The company’s services include the cleaning of the ships’ storage tanks and machinery along with the management and cleaning of oil spills.The addition…

11 Jul 2019

Will High-Speed Container Transport Ever Work?

Figure 2 is a first pass sketch of what it may look like (I already see various areas for improvement on this sketch, but for illustrative purposes it will do). Photo credit: Martin & Ottaway, Inc.

Every few years I am handed a high-speed container transport proposal. Generally it consists of some type of high speed vessel design that would be able to move containers at high speed and thereby attract a new market by taking a chunk out of the air cargo market and the premium ocean market. Occasionally we are asked to look at the economics for potential investors, and it always falls short of being economically viable. While it is possible to move containers a little quicker over the ocean with faster vessels…

19 Oct 2018

CMA CGM Enters Sustainability Partnership with Panalpina

French ocean carrier CMA CGM and Panalpina, the world’s fourth biggest ocean freight forwarder by transport volumes, have signed a sustainability agreement aimed at reducing their respective carbon emissions by 2025.As of 2020, newbuild LNG-powered mega-vessels with a capacity of 22,000 twenty-foot containers (TEUs) will help achieve the environmental goals.Aiming at responsible development in ocean freight, Panalpina and CMA CGM have signed a sustainability agreement for maritime transport.“Partnering with strategic partners such as CMA CGM that are technology driven and share a similar vision of sustainability, and using them to transport our customers’ cargo will help us achieve our ambitious sustainability goals…

25 Sep 2018

CMA CGM Estimates Low-sulphur Rule Will Cost $160 Per TEU

(Photo: Eric Haun)

Container shipping group CMA CGM said it estimates the cost for it to comply with a new global low-sulphur shipping fuel regulation at around $160 per TEU, or standard container, at current conditions.In a statement on Monday, the French firm, one of the world's largest container lines, said the cost would be absorbed by adjustment of fuel surcharges for customers.CMA CGM reiterated it would use several solutions to meet the low-sulphur standard, which will come into effect on Jan.

18 Jul 2018

The Jones Act is Good for Puerto Rico -Report

(File photo courtesy Crowley)

After Hurricane Maria struck Puerto Rico with devastating force on September 20, 2017, a number of news reports claimed that the Jones Act had severely damaged the Puerto Rican economy, both over time and in the immediate aftermath of the storm. Now a new report examining the role of the Jones Act shipping industry before, in the immediate aftermath of and in the months that followed the hurricane asserts that the Jones Act fleet delivers a dedicated and reliable flow of goods…

19 Apr 2018

New DOP Dredger Series from Damen

Damen Dredging Equipment has launched a new DOP Dredger Series following the success of the DOP submersible dredge pump, which has proved its versatility across the globe. Damen has built more than 20 DOP dredgers on a one-off basis and at least 380 DOP pumps. The DOP submersible dredge pump has been such a great success over the last 25 years because of its simple concept, which is based on a well-proven dredge pump, directly driven by a hydraulic or electric motor, assembled in a rigid housing with the ability to attach all kinds of specialised suction devices, such as mining heads or cutter units. Moreover, the DOP can easily be connected to excavators, cranes, etc.

22 Jan 2018

Group Ocean Orders Two Damen Workboats

Multi Cat 1205 (Image: Damen)

Dutch based Damen Shipyards Group said it has signed a contract with Canada’s Group Ocean for the delivery of two new workboats that will provide dredging support services at an oil sands project in northern Canada. The new vessels, both Modular Multi Cats 1205, are made of standard, container-sized units that enable easy transport. The versatile Multi Cat workboat used in many sectors for operations such as towing and anchor-handling, dive support, marine engineering, offshore energy operations and for dredging and dredging support.

23 Mar 2017

Crowley’s New STS Cranes Arrive in San Juan

Photo: Crowley

Three new ship-to-shore cranes that were constructed in Ireland were delivered to Crowley Puerto Rico Services’ Isla Grande Terminal in San Juan on Wednesday. The cranes are a key element of the $130 million Crowley is investing in infrastructure improvements to its Isla Grande Terminal, and their arrival marks the first time new, specialized gantry cranes have been received for operation in the San Juan Harbor in five decades. “With the delivery of these state-of-the-art cranes…

08 Nov 2016

Boom at Port Everglades Continues

Broward County's Port Everglades exceeded one-million TEUs (20-foot equivalent units, the industry's standard container measurement), for the third consecutive year, reporting a total of almost 1.04 million TEUs and maintaining its status as Florida's number one container port, according to preliminary data for the fiscal year ending September 30, 2016. Compared to the prior fiscal year 2015, total TEUs were down by 2 percent from 1.06 million, which Port officials attribute to market fluctuations. However, Port Everglades posted its best September ever with 90,641 TEUs compared to 80,550 TEUs in 2015. Looking at growth over the past five years, TEU throughput is up almost 18 percent from FY2011 to FY2016.

08 Jun 2016

Damen Introduces New Range of Naval Multi-Role Auxiliary Vessels

During the Oceanographic Survey Vessel Conference in London, Damen Shipyards Group announced the introduction of a new range of Multi-Role Auxiliary Vessels (MRAV). The common theme running through the series is the provision of a basic platform offering reliable and cost-effectivemulti-role potential and hydrographic survey capabilities to naval clients. With the addition of supplementary modular mission equipment, this new family of Damen vessels can be mobilised in numerous, mainly littoral, naval tasks such as: explosive ordnance clearance and disposal, diving operations, torpedo recovery and overhaul, ROV and UAV deployment, SAR, coastal infantry and submarine support. The largest version of the range will be able to operate worldwide, on the ocean as well as in littoral waters.

23 May 2016

Hapag-Lloyd: 50 Years of Container Shipping in Germany

This is one of the first containers of Hapag-Lloyd. (Photo: Hapag-Lloyd)

50 years after the beginning of modern container shipping in Germany, international trade is handled by 6,397 containerships, with a capacity of 21.1 million TEU. Hapag-Lloyd’s container fleet numbers among the largest in the industry. The revolution reached Germany 50 years ago. And even if no gunshots were heard, there was still a loud bang. On May 5, 1966, the Fairland, owned by the American shipping company Sea-Land, called at Bremen’s Überseehafen (overseas port). On the next day…

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