More news from Sea

Marine insurance

Lloyd's sets conditions for return of Hormuz cover

The Lloyd's Market Association has outlined the preconditions its members require before extending cover to ships and cargoes transiting the Strait of Hormuz. Chief executive Sheila Cameron and head of marine and aviation Neil Roberts called for…
Ship orders

Carriers step up heavy-lift newbuilding orders

The heavy-lift and project cargo shipping sector is undergoing a wave of newbuilding activity after years of near-stagnation, with multiple orders placed in recent weeks for vessels across all size categories. The investment push reflects a…
Sea

MSC widens lead in container shipping

The Swiss shipping line set a new benchmark in May, controlling 21.5 per cent of global container shipping capacity, according to an analysis by Alphaliner. No carrier has previously held a larger share of the market. The previous record belonged to…
Looming overcapacity

Container shipping braces for biggest capacity wave since 2008

The container shipping industry is on the verge of the largest fleet expansion since the order boom of 2008, according to a DVZ International analysis of global orderbook and fleet data. From June, monthly deliveries will rise sharply from around…
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