Tag: ULCS

APM Terminals increases Port Elizabeth investment plans to USD $200 million, in preparation for ultra large container ships. This investment will further enable global trade at the largest container terminal on the east coast of the United States.

According to Drewry, carriers received some respite last week as Asia to Europe spot rates surged after weeks of decline

Three ULCS with nominal respective capacities of 13,000 TEUs each, called APM Terminals Pier 400 Los Angeles

EU's TEN-T will invest in a design and safety study to welcome ULCS in the Port of Dunkirk

ClassNK has announced it will carry out a joint research project aimed at improving safety standards for ultra-large container ships

DP World has welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubaiservice efficiency and reliability

Capital Ship Management Corporation applyies, the key principles and goals of the IMO's Strategy for Sustainable Maritime Transport Systems

Worlds Largest Container Ships at Port of Felixstowe, First port in the UK to handle 18,000 TEU vessel

Its deployment of over 10,000teu capacity has a disproportionate impact on the market Aggressive pricing by Ultra Large Container Ship (ULCS) operators threatens Asia-Europe rates this year and next.The introduction of ULCSs is the primary driver of bearish Asia-Europe container freight rates this year, according to one leading analyst, who told IFW the market could further deteriorate in 2012 when deliveries peak.Janet Lewis, Regional Head of Industrials & Shipping Research in Asia at Macquarie Capital Securities, said that overall demand on the Asia-Europe trade had been robust this year but the deployment of ULCSs of over 10,000teu capacity was having a disproportionate impact on the market.Theres pressure from owners to fill them, she said. If you replace an 8,000teu capacity vessel with one of 12,000teu and you want 90% utilisation, then theres the temptation to discount because your cost per teu is lower.We believe that operators who have introduced the new vessels have been aggressive in pricing to attract cargo, putting more pressure on the Asia-Europe routes.All-in spot rates on services from Shanghai to northern Europe were down to $892 per teu last week, less than half of the rate a year earlier, according to the Shanghai Containerised Freight Index ...