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Container Vessel

Shipyard Builds Container Vessel in 54 Days

According to reports, Shanghai Shipyard & Chengxi Shipyard Company Ltd built a 3,500 TEU container vessel in only 54 days, breaking China's record of 60 days for a mid-sized container vessel. The team has already signed orders till the end of 2009. The state-owned Shanghai Shipyard & Chengxi Shipyard Co. updated their traditional shipbuilding skills when they moved to Chongmong Island from Lujiazui area in Pudong. The original technique took more than 140 days to build a 3,500 TEU container vessel. Shanghai Daily News


Diana Charters Containership to Maersk

m/v Great (Photo: Diana Containerships)

Container shipping company Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Maersk Line A/S for one of its Post-Panamax container vessels, the m/v Great.    The charter, expected to commence on August 15, 2015, has a gross rate of $14,750 per day, minus a 5 percent commission paid to third parties, for a period of minimum six months to maximum nine months.  


Lloyd’s Register to Class New Fleet of Container Ships

Lloyd’s Register will class a series of five 8,100teu container ships to be built at Samsung Heavy Industries. The ships, ordered by Seaspan and China Shipping Group, are the largest container vessels to be built in South Korea. Lloyd’s Register, the market leader for construction of this size of container vessel, won this contract with a comprehensive package of benefits relating to each stage of the design, new construction and operation phases.


OOIL Orders Two Containerships For $160M

Orient Overseas (International), the shipping giant controlled by Hong Kong Chief Executive Tung Chee-hwa's family, said two of its subsidiaries have entered into a contract with Samsung Heavy Industries Co Ltd to build two container vessels. The two post-Panamax container vessels, worth a total of $160 million, represent about 20.9 percent of OOIL's net tangible assets, the company said in a published statement. Each can carry 7,400 teu


Containership Giant Calls Hamburg on Maiden Voyage

On February 23 2011, the container vessel CSCL Star called the port of Hamburg on her maiden voyage in their Far East liner service Asia-Europe Express-1/China-Europe-Mediterranean Service (AEX-1/CEM).  CSCL Star with a capacity of 14 074 TEU, based on her container slot capacity, is the largest container vessel ever dispatched in the port of Hamburg. With a length of 1,200 ft and a beam of 168 ft the CSCL Star can load 20 rows of containers. Fully loaded she reaches a maximum draft of 50


Commerzbank Sells 18 Ships for $254.5mln

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 formed the Embarcadero Maritime joint venture in 2013 to invest in distressed shipping assets as several fleets struggled with overcapacity.  


Panama Canal Debuts Revised Measurement, Pricing

Following a recommendation from the Board of Directors of the Panama Canal Authority (ACP), the Cabinet Council of the Republic of Panama today approved a new measurement and pricing system for full container vessels and other vessel types with on-deck container carrying capacity. “The bottom line is that we simply closed a loophole that prevented us from charging for containers carried on-deck,” said Administrator/CEO Alberto Alemán Zubieta


World’s Largest Full Spade Rudder Installed

Reportedly the world´s largest full spade rudder, engineered by Becker Marine Systems, has been recently been successfully installed on the first of a series of 8,400 TEU container vessels currently building at Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea. The vessel is owned by Norddeutsche Vermögen and will be chartered to Hapag Lloyd. The installed twisted TLKSR® rudder measures 67 m2 and is designed for a speed of about 26 knots.


SFL Acquires Two Containerships, Settles Bulker Claim

Ship Finance International Limited (SFL) has announced the agreement to acquire two 5,800 teu post-panamax container vessels built in 2001/2002 in combination with long-term charters. The vessels are expected to be delivered to SFL over the course of the next few weeks, and the annual EBITDA contribution is estimated to be approximately $5.5 million on average during the charter period. The charters include a purchase option with profit share after five years.


Diana Containerships Takes Delivery of YM Great

Diana Containerships, a global shipping company specializing in the ownership of containerships, has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v “YM Great”, a 2004-built Post-Panamax container vessel of 5,576 TEU capacity that the company entered into an agreement to purchase on August 7, 2014.   As previously announced, the “YM Great” is chartered to Yang Ming (UK) Ltd., at a net charter rate of US$12,000 per day


Peel Ports introduces Training Simulator on Site

Peel Ports - The crane simulator

  In anticipation of the arrival of five of the world’s largest cranes at the Port of Liverpool in the autumn, Peel Ports has introduced a state-of-the-art ‘virtual’ training simulator on site, designed to ensure all operators are ready to manoeuvre the giant structures


Ship of the Future: Container Feeder

(Photo: Deltamarin)

More Cargo, Less Fuel, Greater Flexibility are Design Hallmarks Deltamarin debuted a design that it dubs the first state-of-the-art container vessel of its series, the A.Delta2300. With extensive R&D the maritime design house delivers what it believes to be a 'best-in-class' design


Asia-Europe Box Rates Plunge Again

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 23.2 percent to $640 per 20-foot container (TEU) in the week ending on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.


Maersk Orders Advisory Software for 140 Ships

Photo: Maersk Line

ABB and Dutch weather forecasting specialist MeteoGroup have won an order to outfit 140 Maersk container vessels with software to optimize routes   Power and automation group ABB informs it is working with MeteoGroup to equip 140 containerships from Maersk Line with advisory software to


UASC Appoints New Board Leaders

M.V. Barzan (Photo: UASC)

United Arab Shipping Company (UASC) announced the appointment of Dr. Nabeel Al-Amudi as the new Chairman of the Company’s Board of Directors, and Sheikh Ali bin Jassim bin Mohammad Al-Thani, as Vice-Chairman. Dr. Al Amudi, Al-Thani and the rest of the board will be responsible for


Diana Containerships Sells Panamax Ship

Diana Containerships Inc. sells Panamax containership, the m/v Cap Domingo   Diana Containerships Inc. today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2001-built vessel m/v Cap Domingo


Diana to Acquire Two Post-Panamax Containerships

Diana Containerships Inc. announced that yesterday it signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated third party two Post-Panamax container vessels, the m/v Rotterdam and the m/v Hamburg.


China Shipping Orders Eight 13500 TEU Box Ships

Image: China Shipping Container Lines

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


CMA CGM Vivaldi Docks at Halifax Port

CMA CGM Vivaldi. Photo by CMA CGM

 The Port of Halifax, Nova Scotia, may be getting a new lease on life with the arrival on August 3 of the CMA CGM Vivaldi at Halterm International Container Terminal.    The 8478-TEU, 334-metre long Vivaldi is the largest container vessel to berth at Halterm and on Canada’s


Maersk Welcomes Suez Canal Expansion

Photo: Maersk

As the largest customer of the Suez Canal with more than 1,400 transits in 2014, the Maersk Group welcomes the expansion of the Suez Canal and the advantages it entails.   Egypt has all through the 20th and 21st century acted as the bridge between Europe and Asia thereby enabling global


Hanjin Starts Calling at SOHAR

Photo: SOHAR Port and Freezone

 Sohar Port and Freezone has added South Korea’s container line Hanjin Shipping to its list of global shipping lines offering direct links to this Omani deepsea port.   Hanjin started its container service to Sohar from Far East


Asia-Europe Box Rates Plunge 25 pct

A Maersk containership (file photo: Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 24.9 percent to $833 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.


Hong Kong Issues Note on Container Handling Safety

Loading containers Photo JN Port

  Hong Kong’s Marine Department has issued a reminder about safe handling of containers following the investigation into the death of a sailor on board a container vessel during cargo unloading operations. The incident occurred while containers were being discharged from the cargo


APM Terminals Acquires Reefer Terminal S.p.A.

Vado Ligure Reefer Terminal to be upgraded, and operated as a single unit with the new deep-water semi-automated container terminal scheduled for completion in January 2018

  APM Terminals and GF Group are pleased to announce the acquisition of 100% of Reefer Terminal S.p.A. by APM Terminals has been completed today.  Terms and price were not disclosed.   Reefer Terminal, the largest refrigerated terminal in the Mediterranean for more than thirty


Virtual Crane Helps Liverpool Prep for Mega Ships

Inside the crane simulator (Photo: Peel Ports)

£500k investment in technology set to deliver world class operator training as Peel Ports prepares for mega ships at the Port of Liverpool   In anticipation of the arrival of five of the world’s largest cranes at the Port of Liverpool this autumn






 
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