xem truc tiep bong da keo nha caiNews Highlights week: 17 - 2023

Lower volumes and freights on xem truc tiep bong da keo nha cai company’s China service were xem truc tiep bong da keo nha cai main driver of xem truc tiep bong da keo nha cai decline: China volumes fell 35.4% year-on-year, a result of xem truc tiep bong da keo nha cai discontinuation of its CCX service in September 2022 and lower demand on its remaining CLX and CLX+ services.
Matson expects improved trade dynamics on xem truc tiep bong da keo nha cai transpacific in xem truc tiep bong da keo nha cai second half of 2023 but promised more year-on-year declines in volumes and rates in xem truc tiep bong da keo nha cai second quarter, as retail companies remain conservative over replenishing inventories.
xem truc tiep bong da keo nha cai contrast with 2022 is stark: Matson logged shipping operating income of USD 416.2 M in Q1 2022, and company net income of USD 339.2 M. Net income is predicted at USD 29-34 M for Q1 2023.
Boxships ordering slows down, but ‘talks’ continue
In spite of an already massive container ship orderbook and far out delivery dates for ships that would be ordered later this year, carriers seem keen on a number of additional newbuilding deals.
For now, activity has slowed down, but industry sources suggest that talks between shipowners and yards continue.
Yang Ming for example, xem truc tiep bong da keo nha cai only major carrier without any new ships in xem truc tiep bong da keo nha cai pipeline, is reportedly making progress with negotiations for a set of 15,000 teu ships to be ordered from a Korean builder.
xem truc tiep bong da keo nha cai Taiwanese carrier already disclosed to xem truc tiep bong da keo nha cai stock exchange that it had launched a procurement process for such tonnage, but it has not placed any actual orders so far.

Originally, Yang Ming invited xem truc tiep bong da keo nha cai yards to provide offers for LNG-dual fuel tonnage, but ship broker reports now suggest that xem truc tiep bong da keo nha cai carrier asked xem truc tiep bong da keo nha cai potential candidates to offer methanol-dual fuel ships instead. xem truc tiep bong da keo nha cai shipping line appears to have reconsidered its ‘green fuel’ options since methanol has recently gained traction as an alternative pathway to cleaner and more sustainable shipping.
Methanol was initially championed by Maersk, but others have joined xem truc tiep bong da keo nha cai methanol train with a fair number of orders for big ships. This includes CMA CGM and COSCO-OOCL.
Methanol is also being considered for a number of deals for small and mid-sized ships in xem truc tiep bong da keo nha cai size range from 2,000 to 4,000 teu that are currently under negotiation. Details of these ‘talks’ however remain scarce for xem truc tiep bong da keo nha cai time being.
Demolition sales slower than expected in early 2023
Demolition sales have increased at a slower pace than anticipated in xem truc tiep bong da keo nha cai first months of 2023, with only 28 container ships of 500 teu and above for a total of 48,555 teu sold for recycling since 1 January. This is however much higher than last year at xem truc tiep bong da keo nha cai same time, when zero vessels were sold to breakers.
xem truc tiep bong da keo nha cai average age of vessels disposed was at xem truc tiep bong da keo nha cai elevated level of 28 years with most sales concentrated in xem truc tiep bong da keo nha cai 1,000-2,000 teu range at over 80% of transactions by number (23 units). xem truc tiep bong da keo nha cai smallest ship sold for recycling was xem truc tiep bong da keo nha cai 591 teu LEVANT HORIZON and xem truc tiep bong da keo nha cai biggest was xem truc tiep bong da keo nha cai 6,572 teu FLORA. Eighteen of xem truc tiep bong da keo nha cai demolition sales concerned three carriers: Wan Hai disposed of ten of its 1990s-built 1,088-1,368 teu ‘160’ and ‘200’ series ships and xem truc tiep bong da keo nha cai Transworld Group of Singapore sold four 1990s-built 1,600-1,700 units.

Meanwhile, MSC returned to xem truc tiep bong da keo nha cai scrapping scene after a long absence, selling three 1980s-built vessels, xem truc tiep bong da keo nha cai 1,911 teu MSC FLORIANA and 2,098 MSC GIOVANNA, as well as xem truc tiep bong da keo nha cai 4,809 teu MSC VERONIQUE, a former Maersk ship (see page 2). A fourth vessel, xem truc tiep bong da keo nha cai 1,837 teu MSC NORA II, built in 1999 was also sold in xem truc tiep bong da keo nha cai last few days and more sales could follow in xem truc tiep bong da keo nha cai coming months.
While demolition sales to date have now exceeded xem truc tiep bong da keo nha cai total for xem truc tiep bong da keo nha cai previous two years, xem truc tiep bong da keo nha cai pace remains so far below even modest scrap years such as 2019 and 2020. This is mainly xem truc tiep bong da keo nha cai result of an unexpectedly strong charter market, with some owners keen to prolong xem truc tiep bong da keo nha cai commercial life of ships that would have otherwise been torched. However, Alphaliner believes scrapping will continue to gain momentum in xem truc tiep bong da keo nha cai coming months, especially as xem truc tiep bong da keo nha cai massive influx of newbuild tonnage will put rising pressure on tonnage supply, while xem truc tiep bong da keo nha cai CII remains unfavourable for xem truc tiep bong da keo nha cai least efficient, older units.