Sovcomflot ship sales start to emerge

Sovcomflot came out on Friday, publicly saying it was looking to sell some of its older tonnage, but dismissed earlier reports that up to one-third of its 122-strong fleet was being put on the chopping block as it wrestles western sanctions that limit repaying outstanding loans and make operations very hard with class and insurers shunning Russia’s largest shipping line.

Container orderbook breaks more records

As of May 1 this year the capacity on order as a percentage of the fleet has breached 30%, with 7.5m teu of capacity now on order.

MSC orders 20 boxships in Asia

Clarksons is reporting Soren Toft-led MSC has ordered fourteen 8,000 TEU LNG capable boxships at Chinese yard New Times Shipbuilding and a further six 7,900 TEU units at South Korea’s HD Hyundai, the yard formerly known as Hyundai Heavy Industries. All units are due to be delivered in 2025.
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