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 5,000TEU container ships (options included) with ship owners in Europe. These days, large vessels have been the mainstream in the container ship market with little demand for mid-size container ships (5,000TEU). Because of high expectations of an economic recovery and excessive bidding for very large container ships, mid-size container ships have become more popular. HHIC says that it hasn’t been able to win a decent bid since early last year. Based on recently dramatic improvement in cost competitiveness, however, HHIC-Phil's Subic Shipyard has finally been able to win this bid. The container ships HHIC-Phil's Subic Shipyard have signed up to deliver are 255m in length, 37m in width and 22m in depth with a speed of up to 21.5 knots. They are to be state-of-the-art, environment-friendly ships.
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
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
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
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
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.
The new super long-stroke MAN B&W S90ME-C9 engine to be built in China Seaspan Corporation has placed an order for 7 + 18 newbuildings of 10,000 teu container ships at Jiangsu YangZiJiang Shipbuilding. These will be powered by the new super long-stroke engine type MAN B&W 10S90ME-C9, which will be built by the Chinese engine builder CMD. Traditionally, MAN Diesel & Turbo K98-type engines have been used as prime movers by 8,000-10,000 teu capacity container vessels
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.
China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman. The state-backed shipping conglomerate, which controls China COSCO Holdings Co Ltd , had a profit of 5.04 billion yuan ($809
Container shipping line United Arab Shipping Company (UASC) has ordered 2,000 reefer containers from Daikin. As part of the emerging global carrier’s investment in the cutting-edge, energy-efficient solutions for the carriage of frozen and chilled cargoes
The world’s largest financier of ships HSH Nordbank AG wants to move forward in 2015 with the removal of bad shipping loans that racked up during a seven-year glut in the global container fleet, reports Bloomberg. The bank plans several transactions in which external shipping
Maersk Line, part of Denmark's A. P. Moller-Maersk, plans to increase shipping freight rates for transporting containers from ports in Asia to Northern Europe by $400 per 20-foot container (TEU) from Feb. 1, it said on Tuesday. Rates on the route, the world's busiest for container shipping
While on her maiden voyage in the AEX1 service, the container vessel China Shipping Container Lines Globe, currently the world’s - or the “globe’s”- largest container vessel, moored at the port of Zeebrugge.
China’s Shanghai retained its title as the world’s busiest container port for a fifth consecutive year after widening the gap with its closest rival Singapore, according to a report from Bloomberg. While, Singapore handled 33
China Ocean Shipping (Group) Company has received a $1.75 billion loan from the Export-Import Bank of China to buy 53 new ships, which it plans to order from Chinese shipyards, the firm said on Monday. The state-backed shipping conglomerate, which controls China COSCO Holdings Co Ltd
Crowley Maritime Corporation’s liner services group will add a 400 FEU capacity, flat deck barge to its South Atlantic Puerto Rico service in the first quarter, increasing the rotation between Jacksonville, Fla., and San Juan to four sailings each week
Vesper Marine has been awarded the contract to provide Virtual Automatic Identification System (AIS) Beacons to mark seven reefs hazardous to shipping in the Bay of Plenty, as well as provide a coastal monitoring capability. The beacons will alert ships’ crews and the local
Eyeing strong growth in China-Myanmar trade, State-owned China Shipping Container Lines (CSCL) and MCC Transport, a subsidiary of AP Moeller-Maersk Group, plan to launch services direct services from Shanghai to Yangon on January 25. CSCL and MCC Transport will deploy smaller vessels without
DNV GL has opened a new office in Nanjing, China, covering most of the Jiangsu Province and following the Yangtze River upstream to Chongqing and Sichuan. Headed by area manager Chen Keng, DNV GL Central China aims to support business growth in the area and act as center for operations in Central
Reederei Hamburger Lloyd GmbH & Co KG (RHL), signed a contract with BASS on December 31, 2014, for virtually the full suite of BASSnet software solutions for its fleet of 28 container ships and chemical tankers. BASS said its shipping software solutions cover all major aspects
The U.S. Navy and Japanese authorities are working to refloat a Military Sealift Command vessel after it ran aground Thursday off the coast of Okinawa. The Sgt. Matej Kocak, a Military Sealift Command ship led by a civilian crew, ran aground off the coast of Uruma at 11:30 a.m
Nils Andersen, chief executive of AP Møller-Maersks, has warned that global trade will never return to scorching pre-crisis growth rates, in part because western companies are looking to manufacture more goods closer to home, says a report in the Financial Times.
Federal Maritime Commissioners Richard A. Lidinsky, Jr. and William P. Doyle met with transportation officials from China on January 14, 2015 in Washington, D.C. Members of the delegation included Professor Yu Shicheng, Chairman of the Shanghai Maritime University Council and Director of the