" /> August 2018 - Page 2 of 8 - Canadian Sailings

Container leasing market under pressure as carriers cut back

By Mike Wackett

After a strong first six months with container drop-offs at an exceptionally low level, container leasing companies face a tougher second half. Financially stressed ocean carriers are closing loss-making routes and postponing new services. July’s Drewry Container Census & Leasing annual review and forecast report expects the return for the sector to be “squeezed”, due to the higher cost of newbuild equipment and static leasing rates. “With little change in lease rates anticipated over the next few years, investment returns are forecast to remain under pressure,” said Andrew Foxcroft, Drewry’s lead analyst for container equipment. “Although we have seen returns edge up to near 10 per cent in the first half of this year, we do not expect these levels to be sustained given the recent build-up of factory stocks.” (more…)

Scrapping may make a comeback as smaller containerships lose their appeal

By Mike Wackett

Non-operating owners of aging gas-guzzling small containerships are likely to renew their interest in scrapping as the charter market makes an unexpected U-turn. The latest idle tonnage report by Alphaliner records 131 ships of 500-5,100 TEU in hot or cold lay-up seeking employment, compared with just 56 in February.

The consultant notes an “alarming increase in spot tonnage under 1,000 TEU”, with some 25 ships seeking fixtures, more than double the number it recorded in mid-June. Alphaliner’s idle tonnage total at 23 July was 142 vessels for 341,229 TEUs, representing 1.6 per cent of the global fleet. At the end of May, the numbers were 85 vessels for 205,829 TEUs. (more…)

Antonov reaps the benefits of U.S. routes as revenue and growth soar

By Alexander Whiteman

Antonov Airlines has recorded an 81 per cent upturn in revenue for 2017, with the carrier seemingly benefiting from its advantages over rival Volga-Dnepr. Citing a strategic partnership with Dreamlifts and the establishment of its UK headquarters, Antonov said it was the only AN-124 operator able to operate to and from the U.S. under open skies agreements. “Under Open Skies, between Ukraine and the U.S., Antonov is the only AN-124 operator granted blanket exemption for unlimited flights,” it said. (more…)

Designer freighters with no pilots may become a reality, says Boeing strategy chief

By Alexander Whiteman

Developments in technology and demand for freight capacity is enhancing the prospects of aircraft being designed solely to carry cargo, without a pilot at the controls. Boeing VP for Product Strategy and Future Airplane Development Mike Sinnett told attendees at the Farnborough International Airshow that cargo-specific aircraft designs could become a reality. “We’ve always started with development of a passenger aircraft and then strip it back to cater to cargo,” said Mr. Sinnett. “But looking at modern technology, you can now think about developing aircraft specifically for the cargo market.” He said purpose-cargo designs would allow for significant remodelling and there would no longer be a need to consider that at some point these aircraft would carry passengers. (more…)

Boeing gets a boost from air cargo boom as its freighter orderbook bulges

By Alexander Whiteman

Confidence is flying high in air cargo, with Boeing buoyed by the strength of its freighter orderbook for the next two decades. At July’s Farnborough Air Show, Boeing’s Vice-President of Marketing, Randy Tinseth, said: “Air cargo is back”.

Driving the sector’s strong growth is not only the e-commerce phenomenon but also high levels of consumer confidence and a balancing of global trade. “As well as the market returning, we have seen this boost in consumer confidence and, importantly, there is an improving balance in trade in and out of China,” said Mr. Tinseth. “I’d say the marketplace across the world is as strong as we have ever seen it, and I believe these trends will certainly continue.” (more…)