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Container Ship

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


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


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.


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


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


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


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.


Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up efforts to cut costs as new vessel orders slide amid a volatile global economy.


Hapag-Lloyd: UASC Merger Benefits to show in 2017

file image (Credit: Hapag Lloyd)

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from the planned merger with Arab rival UASC already next year, chief executive Rolf Habben Jansen told investors on Friday. Addressing a shareholders meeting which will decide on


Asia’s Biggest Container Shipper Posts Loss

Photo: China COSCO Holdings Company Limted

 Asia’s largest container shipping company China Cosco Holdings Co  posted a net loss of Yuan7.2bn ($1.1bn) for the first six months of 2016, reversing the Yuan2bn net profit seen during the same period last year as excess capacity dragged down cargo rates.  


Giant CMA CGM Ship Vasco De Gama Runs Aground

File photo: Vasco De Gama

 CMA CGM’s mega containership Vasco De Gama ran aground off the Port of Southampton on the UK’s south coast just after midnight on August 22, 2016, reported Fleetmon.   The damages of the  2015-built, 17,859 teu giant vessel are being assessed


Big Tankers' Need for Retrofit Slows Use of New Panama Canal

Photo: Panama Canal Authority

The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected because many ships must first undergo inconvenient retrofits to transit through the new locks, shipping industry experts said.  


Mobile Crane for ICTSI Congo

Matadi Gateway Terminal (MGT), the new container and general cargo terminal on the Congo River, DR Congo, has received the first of two new mobile cranes scheduled to go into service at the terminal.   The Terex Model 5 crane is the largest member of the medium size crane family available


Maersk Break-Up Soon ?

Photo: Maersk Line

 A.P. Moeller-Maersk A/S, in its strategic review, is considering several options including a two-way split into an energy and a transport company, says a Bloomberg report.   According to Danish daily Berlingske, the shipping group is likely to break up into transportation and energy


New Container Service from New Orleans to S. America

4,298-TEU capacity CMA CGM Jamaica (Photo: Port of New Orleans)

The world’s third largest container shipping company initiated a new direct service from the Port of New Orleans to the west coast of South America this week. Marseille, France-based CMA CGM launched its Med Americas service with the arrival over the weekend of the container ship Pomerenia


First Suezmax Tanker Transits Expanded Panama Canal

Photo: Panama Canal Authority

The first Suezmax crude oil tanker that was slated to go through the newly expanded Panama Canal began its transit on Thursday, a public relations official told Reuters.   The Aegean Unity, a Greece-flagged Suezmax vessel coming from the U.S


Crowley Adds New Container Shipping Service

Photo: Crowley

Crowley Maritime Corporation announced that it is launching a new weekly fixed-day container shipping service between Jacksonville and Costa Rica.   The service’s two containerships will call at the Jacksonville Port Authority’s Talleyrand Terminal


Low Freight Rates Hit Maersk Line

Photo: Maersk Line

 Record low freight rates have driven the World’s largest container carrier Maersk Line to report a second-quarter loss of US$151 million.   The second quarter result and revenue both fall year-on-year as average freight rates hit record low levels


Shipping Industry Slumps, but Ship Scrapping Looks Up

Alang, Gujarat: Worlds biggest ship breaking yard. Photo from Youtube video

 While the shipping industry struggles through a historic downturn, ship scrapping business is seeing accelerating demand, reports WSJ.   The global economic slowdown is putting shipping through its most bruising period since the 2008 financial crisis.   


Maersk Cautions on U.S. Protectionism

Photo: Maersk Line

 Danish conglomerate  A. P. Moeller-Maersk A/S, the world’s largest container shipping company, has voiced its concern as a potential shift in U.S. policy threatens to reduce global trade, reports Bloomberg.   Maersk group's chief financial officer Trond Westlie said any


Maersk Paints a Gloomy Picure

Photo: Maersk Line

 Danish shipping conglomerate A.P. Moeller-Maersk A/S has reported a plunge in profits in the second quarter in the face of tough market conditions.    Maersk's quarterly net profit dropped 89 per cent to $118m compared with a year earlier


Cost Cuts Ease Pain of Maersk's Gloomy Shipping Forecast

File photo: Maersk Line

Net profit below forecasts, operating figure above; group hit by low freight rates and low oil prices. A.P. Moller-Maersk's progress in cutting costs reassured investors on Friday after the Danish shipping and oil giant reported a sharp decline in quarterly profit and its new chief executive






 
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