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Major container ship newbuilding unlikely despite record freight rates

Newbuilding orders for container ships could remain stagnant despite freight rates surging to record high levels this year as shipping firms pursue a strategy of limiting capacity. As the economic outlook for the sector remains uncertain and environmental regulations place new requirements on ships, it makes more sense for container lines to charter or buy …

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BIMCO ‘Shiplease’ Term Sheet

The ever-growing importance of sale and leaseback transactions as an alternative to financing ships by way of loan, makes it both timely and welcome that BIMCO has produced a standardised term sheet. There was strong Asian representation on the drafting committee. Reflecting the position of Chinese leasing companies in the market, the committee included representatives …

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The CMA CGM Jacques Saadé, the world’s largest liquefied natural gas-powered containership, has set a new world record for the number of full containers loaded on a single vessel

• The CMA CGM JACQUES SAADE, the world’s first LNG-powered containership with a capacity of 23,000 containers (twenty-foot equivalent units), has set a world record for the number of full containers loaded on a single vessel. • On her departure from Singapore last week, the CMA CGM Group’s new flagship was carrying a record 20,723 …

The CMA CGM Jacques Saadé, the world’s largest liquefied natural gas-powered containership, has set a new world record for the number of full containers loaded on a single vessel Read More »

WFW joins Rainmaking’s Trade and Transport Impact programme as Ecosystem partner

Watson Farley & Williams (“WFW”) is pleased to announce that it has joined Rainmaking’s Trade and Transport Impact programme as an Ecosystem Partner, to provide legal support and input for ventures and programme partners. Rainmaking is a corporate innovation and venture development firm working with the world’s most influential businesses to build, accelerate and invest …

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Swancor Renewable Energy signs floating wind MOU in Taiwan

Swancor Renewable Energy and Taiwan’s Metal Industries Research & Development Centre (MIRDC) have signed a Memorandum of Understanding (MOU) on floating offshore wind. Under the MOU, the two parties will cooperate on advancing the deployment of floating wind technology in Taiwanese waters and supporting the development of a local supply chain for floating wind. The …

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