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Daewoo Shipbuilding Eyes Maersk Boxship Order

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


Philippine Shipyard to Build 10 Container Ships

Photo credit HHIC

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


LR Debuts Container Ship Focus

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 Shippers Join Forces for Safety

Photo courtesy of CMA CGM

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


ClassNK Drafts Amendments to Containership Rules

MOL Comfort (File photo: TMC Marine)

Classification society ClassNK has released draft amendments to its rules and guidance for container carriers, with the aim of implementing more comprehensive rules for increased ship safety. The amendments were approved by the ClassNK Technical Committee in Tokyo on November 19.   The ClassNK Technical Committee is made up of representatives from the shipping and shipbuilding industries as well as scholars and experts to discuss matters relating to the establishment and revision of


MacGregor, Maersk Team Up to Develop Container Securing Systems

Courtesy Maersk Line

  MacGregor, part of Cargotec, and Maersk Line, part of the Maersk Group, have agreed to cooperate on the development of the next generation of container securing systems. MacGregor, leading provider of cargo and load handling solutions, and Maersk have had a cooperation within securing systems since the container ship sizes started to grow from feeder sizes to the present ultra-large container ships. "Maersk Line is the world's leading container shipping company


CSIS Launches New Tools for Schools

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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


Container Ship Adrift Off Portuguese Coast

Gerd Maersk: Photo credit Maersk

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


Korean Shipyard Building 18,000 TEU 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


Four Taken Off Troubled 'Issues with Hull' MSC Ship

MSC Monterey: Photo Wiki CCL

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.


S. Korean Court Mulls Sale of Hanjin

Photo: Hanjin Shipping Co

 The South Korean bankruptcy court handling the insolvency proceedings of Hanjin Shipping Co. said Wednesday a sale of the troubled company is possible, say media reports. However, the court has yet to reach a decision.   "The sale of Hanjin is one of the options we're considering


Maersk, Danske and Nordea to shed Ship Finance Stakes

A.P. Moller-Maersk , Danske Bank and Nordea Bank will sell their shareholdings in shipping lender Danish Ship Finance worth 4.25 billion Danish crowns ($638.05 million) to a consortium of Danish investment funds, the company said Wednesday.


COSCO Ports Arm Inks Terminal Deal in Abu Dhabi

Photo: Abu Dhabi Ports

Abu Dhabi Ports has signed a container terminal concession agreement with COSCO SHIPPING Ports Limited - Abu Dhabi (CSPL SPV), a wholly-owned subsidiary of container terminal operator COSCO SHIPPING Ports Limited, a subsidiary of China COSCO SHIPPING Corporation Limited.  


Container Shippers Raided in S.Africa over Suspected Collusion

File photo: Maersk Line

Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said.   The development comes as global container lines struggle in


China COSCO Shipping Not to Hike Freight Rates

Photo: China COSCO Shipping

 China COSCO Shipping will not raise its shipping prices as it had planned, reports Caixin quoting shipping agency representatives at Shanghai’s port.   The shipping giant has given up its plan to take advantage of Hanjin Shipping’s bankruptcy by raising prices after a


COSCO Sees Piraeus in Top Thirty by 2018

Photo: Piraeus Port Authority

COSCO Shipping, plans to ramp up container volume at Greece’s biggest port in Piraeus by 35 percent by 2018, the port’s new managing director, Fu Cheng Qiu, said, reports Reuters.   China's biggest shipping company, which owns the world's fourth-largest container shipping fleet


S.Korea: Hanjin Cash, Parent Support Should Cover Offloading Fees

A Hanjin Boxship underway (File image: Hanjin)

Cash from top shareholder, executives should cover offload costs. South Korea's government said cash held by Hanjin Shipping Co Ltd and funds pledged by its parent group should meet the costs of unloading some $14 billion in cargo stranded on vessels operated by the troubled container line.


Fitch: Maersk Gets Little Solace from Sectoral Diversification

Photo: Maersk Line

 The decision by A.P. Moeller-Maersk A/S to split into two separate divisions - Transport & Logistics and Energy - reflects the challenging fundamentals in the sectors in which it operates, and diminishing counter-cyclical benefits of operating in them in the current economic cycle


Agility, Maersk Join to Slash CO2 Emissions

​From left to right: Mark Guenter, Key Client Manager, Maersk Line; Michael Hansen, Global Head of Sales, Maersk Line; Cas Pouderoyen, Senior Vice President for Global Ocean Freight, Agility Logistics; Vincent Clerc, CCO, Maersk Line

 Agility Logistics, a leading global logistics provider, has signed an agreement with Maersk Line, to cut CO2 emissions by 15% per container transported for Agility shipments by 2020.   The agreement is part of Maersk’s Carbon Pact Challenge


HMM Mulls Buying Hanjin's 37 Boxships?

Photo: Hanjin Shipping

Hyundai Merchant Marine (HHM), South Korean’s second largest shipping line, is believed to be looking into buying troubled carrier Hanjin Shipping's 37 container vessels, reports WSJ.   HHM will be the first to look at Hanjin’s vessels, with the focus on five 13


On the Majestic Maersk, mega-ship dreams obscure cloudy future

File Image (Maersk)

For Captain Dick S. Danielsen, the childhood dream has been to sail the world's biggest ships. The Danish seaman got his chance three years ago when he was asked to helm the Majestic Maersk, a mammoth, baby blue-painted vessel that at 400 meters (1


Shipping Confidence on the Rise -Moore Stephens

Greiner Richard (Photo: Moore Stepehens)

Shipping confidence, notably on the part of charterers and managers, improved for the second successive quarter in the three months to end-August 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.  


Drewry: What Next for THE Alliance?

Photo: Hanjin Shipping

 Hanjin’s bankruptcy leaves the proposed carrier grouping THE Alliance at a size disadvantage to both its future rivals. Might a replacement be called up?    Drewry says that the container shipping industry is in a state of flux at the moment and nobody can honestly say they


Pile Driving Begins for Tacoma’s Pier 4 Upgrade

Photo: Northwest Seaport Alliance

Manson Construction of Seattle has begun driving the first of 1,241 piles to align Pier 4 with an adjacent pier to create one contiguous berth capable of serving two 18,000-TEU container ships within the Port of Tacoma. The upgrade will help the port support larger container cranes and vessels


South Africa Raids Boxship Operator's Offices

File Image: a CMA CGM boxship alongside and loading cargo. (Credit: Marad)

Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies comprise local subsidiaries of Denmark's Maersk






 
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