South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) is in talks with a unit of A.P. Moller-Maersk for a potential order to build ultra-large container ships, a DSME spokesman said on Monday. DSME is close to winning an order for some 11 container ships of 20,000 TEU (20-foot equivalent units) from Maersk for about $151 million per vessel or more, South Korean newspaper Korea Economic Daily reported last week, citing unnamed shipbuilding industry sources and foreign media. British shipbroking house Clarkson also confirmed the deal, which is worth $1.66 billion in total. The ships would be delivered in 2017, Clarkson said in a shipping industry report on Friday. The spokesman for DSME declined to confirm or deny other details, adding that nothing has been decided. "Maersk Line never comments on rumours," a spokesman from Maersk Line, the container shipping unit in Danish conglomerate A.P. Moller-Maersk, said. DSME won orders totalling $3.9 billion from Maersk in 2011 to build 20 so-called Triple-E container ships of 18,270 TEU, which at the time were the biggest container ships ever ordered. Reporting by Joyce Lee
Hanjin Heavy Industries & Construction's Philippine Shipyard wins contract to build mid-size container ships for European owners Despite the current global economic slowdown, Hanjin Heavy Industries & Construction (HHIC)-Phil's Subic Shipyard has won a bid to build mid-size container ships for the first time this year. The shipbuilder recently announced that it has signed a USD 450 million contract to build ten 5
Lloyd’s Register (LR) has published the first issue of Container Ship Focus magazine. The publication contains 12 pages of information and news relevant to the container ship sector. The magazine will be distributed at the Boxship 2005 conference on September 20-21, 2005 in Hamburg, Germany and will also be available later in the year in a German-language edition.
Container Shipping Information Service (CSIS) is launching a new set of resources designed for schools. Its aim is to provide teachers with the tools and information to introduce discussions on global trade and container shipping into the classroom. Among the new resources is an interactive animated video which allows users to follow the journey of certain products from source to store with quizzes and information pit-stops along the way
DSME begins work on construction of the world's largest container ship Daewoo Shipbuilding and Marine Engineering has begun constructing the world's largest container vessel after receiving the order from Denmark's AP Moller-Maersk, the shipbuilder has announced. When completed, the 18,000 TEU container ship will measure 400 m in length and 59 m in width, with a deck wide enough to accommodate four football fields
The Container Ship Safety Forum (CSSF) has been launched as a global business-to-business network that aims to improve safety performance and management practices in the container shipping industry. Founding members CMA CGM Group, Costamare Shipping Company S.A., E.R. Schiffahrt GmbH & Cie. KG, Hamburg Südamerikanische Dampfschiffahrts-Gesellschaft KG, Maersk Line, Rickmers Shipmanagement and Zodiac Maritime Agencies Ltd
On January 1, M.V. Cosco Europe, the second 10,000-TEU-Class container ship of Cosco, was delivered at Hyundai Heavy Industries shipyard. The ship left the shipyard for the port of Dalian on the same day. The ship will be added to the service between the Far East and Europe.
Maersk container ship disabled, drifting off the coast of Portugal after engine failure. Tug ordered just in case. Maersk Line container ship Gerd Maersk, on passage from the Far East to Bremerhaven, following engine failure, was drifting about 20 miles northwest of Porto. The ship's engineers are working to repair the damage, while a small tug - Castelo de Obidos - lies in the readiness of hundred meters from the Danish-flagged container ship
The joint rescue co-ordination centre in Halifax says four people have been taken off a container ship about 60 kilometres south of Portugal Cove South, N.L. CTV News reports, citing Canadian Coast Guard spokesman Maj. Martel Thompson, who also informed that the container ship 'MSC Monterey' was having issues with its hull. Two Cormorant helicopters from Gander, N.L., are on the scene of the threatened container ship off eastern Newfoundland.
A container shipping organisation urged companies on Monday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU), corresponding to an increase of 14.2 percent from current levels, from Sept. 1. TSA (Transpacific Stabilization Agreement) said the planned increase follows strong cargo demand and high vessel utilization levels in recent months, which forward bookings suggest will continue through September.
The dry bulk market looks set for a solid show, although conditions remain more than challenging, analysts with Macquarie said in a note, reports WSJ. As the amount of iron ore and other goods carried by these ships races ahead of new capacity
Singapore's Neptune Orient Lines Ltd (NOL) swung to a tiny net profit in its second quarter after six straight quarters of losses but said it had seen severe freight rate erosion. "The group's container shipping business continued to face a challenging environment characterised by
Container shipping line Hapag-Lloyd AG’s supervisory board has appointed Thorsten Haeser as a new executive board member in charge of Hapag-Lloyd’s global sales activities as chief commercial officer (CCO). Haeser, a law graduate, is currently managing director of Versatel GmbH
China Shipping Container Lines has placed orders for eight 13,500 twenty-foot-equivalent container ships at Shanghai Jiangnan Changxing Shipbuilding, continuing the aggressive fleet expansion began last year. As agreed, Jiangnan Changxing will design and build eight 135
A flotation of a minority stake could value the world's fourth-largest shipping group German-Chilean Hapag-Lloyd AG at more than 5 billion euros ($5.5 billion) and could take place as early as autumn. Hapag-Lloyd AG has already mandated investment banks Deutsche Bank AG
Mumbai-based Shreyas Shipping and Logistics Ltd (SSL), part of global conglomerate Transworld Group, has acquired two container ships to boost its fleet to 8 vessels from earlier 6 vessels. In a filing to the stock exchange, the company said that the newly acquired ships would be
The port of Antwerp handled 104,529,242 tonnes of freight in the first six months of this year, up 6.4% on the same period last year. The strong performance during the half year was mainly due to the impressive growth in container freight (up 9.5% in TEU and 7
The Port of Jacksonville (JAXPORT) has welcomed the 4,400 teu AS Mariana, the first ship in Maersk Line’s new weekly service to Asia through at the port’s Blount Island Marine Terminal. JAXPORT has officially announced the addition of the world’s No
Government of Canada and Port Metro Vancouver announce funding for shore power for container vessels; installation of facilities at two Port Metro Vancouver container terminals will reduce emissions and noise Funding for the installation of shore power facilities for container vessels at two
KKR & Co LP's Embarcadero Maritime unit will pay $254.5 million to buy 18 dry bulk and container ships from Commerzbank AG's Hanseatic Ship Asset Management GmbH, the companies said on Thursday. U.S. private equity firm KKR and London-based independent ship operator Borealis Maritime
Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) saw a 2.1% dip in total container shipping volumes in the second quarter of 2015 when compared to the same period last year. Total revenues decreased by 9.3% to USD 1,362.4 million
National Marine Dredging Company (NMDC), the UAE's leading dredging and marine construction company, has announced the completion of the New Suez Canal project following its successful trial run on Saturday (July 25). A total of six container ships from around the world
Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 22.8 percent to $400 per 20-foot container (TEU) in the week ended last Friday, data from the Shanghai Containerized Freight Index showed.
As the shipping operator BG Freight Line is set for a new freight service connecting the links, Scotland’s food and drink, chemical and manufacturing industries are looking for a boost. BG Freight Line, wholly-owned by Clydeport owner Peel Ports
Ocean cargo shipper Matson, Inc. said it is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services. The company expects to invest more than $30 million in new equipment planned by Horizon prior to its acquisition.