#vessel-capacity
(13 articles)CMA CGM Surpasses MSC With Fastest Fleet Growth in 2024
CMA CGM has emerged as the fastest-growing major container carrier in the first half of 2024, adding 235,500 TEU of capacity and representing a 5.7% fleet expansion. This growth trajectory positions t
BigLift and CY Launch New Heavy Lift Capacity Solution
BigLift and CY have announced the unveiling of a new heavy lift solution, representing a strategic expansion in their combined project forwarding capabilities. This development signals growing investm
Yang Ming's 12,000 TEU Vessel Strengthens Asia-US Freight Corridor
Yang Ming Maritime has deployed a 12,000 twenty-foot equivalent unit (TEU) container vessel as a cornerstone asset in its Asia-United States trade network. This represents a strategic capacity expansi
China-India Container Rates Surge 25-30% on Strong Import Demand
Container freight rates on the China-India trade lane have experienced a sharp 25-30% increase since late May, with spot rates from Shanghai to Nhava Sheva (JNPA) now commanding $2,300-$2,400 per TEU
Ocean Shipping Rates Face 4-Week Climb Despite Iran Ceasefire
Despite recent geopolitical easing through a US-Iran ceasefire agreement, the ocean shipping market continues to face structural headwinds that will keep rates elevated through at least mid-summer. Ac
Eckship Launches Newbuild Program for Six Heavy-Lift Vessels
Eckship has announced a significant fleet expansion initiative, committing to a newbuild program for up to six vessels with 15,200 deadweight tonnage (DWT) capacity. This move represents a strategic i
Brazil's Merchant Marine Fund Finances 70-Vessel Fleet Expansion
Brazil's Merchant Marine Fund has approved financing for the addition of 70 vessels to the country's northern fleet, marking a significant capacity expansion for regional maritime operations. This ini
Oakland Port Exports Outpace Imports in April Amid Vessel Consolidation
The Port of Oakland processed 184,492 TEUs in April 2024, marking a modest 0.7% decline from the previous month but reflecting a stabilizing trend in West Coast container traffic. Notably, exports of
Blank Sailings Surge as Port Congestion Tightens Container Capacity
The ocean freight market is experiencing a significant uptick in blank sailings—canceled scheduled voyages—driven by persistent port congestion and service reliability challenges. This trend reflects
Evergreen Orders Five 24,000 TEU LNG Ships for $1.3B+
Evergreen, the world's seventh-largest shipping line, has finalized a significant procurement order for five 24,000 TEU LNG dual-fuelled container ships valued between $1.3 billion and $1.48 billion f
Chipolbrok Launches Latest Heavy Lift Vessel
Chipolbrok, a prominent heavy lift and project cargo shipping specialist, has launched its latest heavy lift vessel, representing a capacity expansion within the specialized breakbulk segment. This fl
Zim Q1 Earnings Plunge 129% Amid Hapag-Lloyd Merger Uncertainty
Zim's first-quarter financial results reveal the mounting pressure on global liner operators amid market volatility and regulatory uncertainty. With a year-on-year earnings collapse of 129% and a net
Tight Box Ship Fleet Lifts Charter Rates Amid Middle East Chaos
Container shipping markets are operating at near-maximum utilization globally, with commercially idle capacity remaining exceptionally low despite nine weeks of Middle East military disruption. The co