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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.  


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


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.  


Diana Containerships Sheds Panamax Boxship

diana containership logo.png

Press release - Diana Containerships has signed a Memorandum of Agreement to sell to an unaffiliated third party the 1995-built vessel "Garnet" (formerly "APL Garnet") for demolition, with delivery due to the buyer by the end of September 2015, for a sale price of approximately $7.85 million before commissions. Upon completion of the aforementioned sale, Diana Containerships Inc.'s fleet will consist of 13 container vessels (5 Post-Panamax and 8 Panamax).


Shipping Oversupply Persists Despite Scrapping Increase: Drewry

file image: a containership underway (credit: Marad)

A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an industry battling over capacity, low demand and falling rates, consultancy firm Drewry said. In 2015, demolitions were less than half of the expected 2016 level but it will not be a real relief for the struggling container shipping industry. "This will only make a dent into the over-capacity built during the 2010-15 period," Drewry wrote in a note.


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.


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


MAN Bags Danaos Shipping Propeller Order

Kappel propellers, Photo MAN

MAN Diesel & Turbo has won the order to supply Danaos Shipping Co. Ltd. with fixed pitch Kappel propellers, propeller boss caps with fins, and Engine Power Limitation for two container vessels – the 8,500 TEU ‘CSCL Europe’ and ‘CSCL America’. Mr. Dimitrios Vastarouchas, Technical Director & Deputy Chief Operating Officer of Danaos said: “At Danaos we look forward to have the vessels upgraded


Cosco Scraps Eight Container Ships

Photo: Cosco Shipping Holdings

 Shanghai-listed Cosco Shipping Holdings sold eight container vessels to scrap during the fourth quarter 2016. The ships correspond to a total tonnage of 409,914 dwt, and the youngest in the pack was 15 years old, says the Chinese carrier.   "The Group had disassembled eight container vessels (Luo Ba He, Jun He, Yue He, COSCO Qingdao, Wan He, Lu He, COSCO Ran and COSCO Sakura) during the fourth quarter of 2016," said a statement from the company.  


Boxship Firms Sign up with Alibaba

File Image: A CMA CGM boxship condusting cargo operations alongside (CREDIT: Marad)

Two container shipping lines, France's CMA CGM and Israel's Zim, have signed up with Alibaba to allow customers to book space on their vessels through the Chinese e-commerce giant, in a bid to boost sales as the sector battles a severe downturn.  


Containership Fire Extinguished in South Africa

Photo: Port of Ngqura

The joint effort undertaken by a Disaster Management team at the Port of Ngqura has helped to avert a potential maritime disaster and ultimately saved the container vessel APL Austria, which caught fire last weekend.    Transnet National Ports Authority, Transnet Port Terminals


New Pilot Boat for the Thames and Medway

Photo: Port of London Authority

Estuary Services Limited (ESL), a joint venture between the Port of London Authority (PLA) and Peel Ports London Medway, is continuing its fleet replacement plan and buying another new pilot boat for its pilot transfer operations serving the ports of London and Medway.   


APM Terminals Boosts Investment in Port Elizabeth

Photo: APM Terminals

 APM Terminals has significantly increased its previously announced USD $70 million investment plans for the APM Terminals Port Elizabeth facility, and now plans an investment total of USD $200 million.    This figure includes ordering four next-generation Ship-To-Shore (STS)


CMA CGM Opens Navigation Hub in Singapore

In the front row: Nicolas Sartini, Chief Executive Officer of APL, and Rodolphe Saadé, Vice Chairman of the CMA CGM Group. Photo: CMA CGM

 CMA CGM Group, a leading worldwide shipping group, announced the opening of its Navigation and Port Operations Center in APL’s corporate headquarters in Singapore.   A ceremony was held on the presence of Rodolphé Saadé, Vice-Chairman of the CMA CGM Group.  


Navios Partners Sheds 13,100 TEU Boxship

Navios Maritime Partners L.P. announced the completion of the previously announced sale of the MSC Cristina, a 2011 South Korean-built Container vessel of 13,100 TEU.   The vessel was sold to an unrelated third party for a total net sale price of $125.0 million.  


Eimskip, RAL Order Containerships from China

Images: Eimskip

Iceland’s Eimskip and Greenland’s Royal Arctic Line (RAL) have signed an agreement to share capacity, and together ordered three new ice-class containerships to be built in China.    Eimskip said it has finalized contracts with China Shipbuilding Trading Company Limited and


DNV GL to certify 50 IHMs for Norddeutsche Reederei

A DNV GL HazMat Expert doing a visual check for pipe gasket sampling. Photo DNV GL

DNV GL and Norddeutsche Reederei H. Schuldt have signed a contract to carry out Inventory of Hazardous Materials (IHM) certifications for the shipping company’s managed fleet of more than 50 vessels. The first vessel to undergo sampling and testing is the 3700 TEU container vessel Northern


Greener Ship Recycling: DNV GL, Norddeutsche Reederei Strike Deal

A DNV GL HazMat Expert doing a visual check for pipe gasket sampling. (Photo: DNV GL)

DNV GL and Norddeutsche Reederei H. Schuldt signed a contract to carry out Inventory of Hazardous Materials (IHM) certifications for the shipping company’s managed fleet of more than 50 vessels. The first vessel to undergo sampling and testing is the 3700 TEU container vessel Northern


Japanese Shipping Companies in Troubled Waters

Pic: Mitsui O.S.K.

 Though the challenging market conditions in the container shipping industry continued to add pressure to Japan’s major shipping companies, turnaround seen as write-downs set to fizzle out, earnings forecasts upgraded, reports Nikkei.  


Hamburg Elbe Dredging Plan Needs Improvement

The port of Hamburg, Germany (CREDIT: AdobeStock)

Plans to dredge the river Elbe in Hamburg must be improved before a stop order on the work is lifted, a German court ruled on Thursday, raising the risk of more delay to work to deepen Germany's biggest port and open it up to new container ships.  


Diana Containerships Charters Post-Panamax to Hapag-Lloyd

Photo Diana Containerships

Diana Containerships Inc. today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hapag-Lloyd AG, Hamburg, for one of its Post-Panamax container vessels, the m/v March, for a period of minimum nine (9) months to maximum fourteen (14) months


CMA CGM Hires Diana Containerships’ M/V Rotterdam

Rotterdam. Photo: Diana Containerships Inc

 Diana Containerships has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CMA CGM S.A., Marseille, for one of its Post-Panamax container vessels, the m/v Rotterdam.   


Navios Maritime sells MSC Cristina to Repay $100 mln Debt

Image:  Navios Maritime Partners L.P.

 In January 2017, following the completion of the sale of the MSC Cristina, Navios Maritime Partners repaid approximately $100 million of bank debt.    Proforma for these repayments, net debt/book capitalization for December 31, 2016, has decreased to 36.5%


Korea Shipping to Buy Up to 10 HMM Vessels

Photo: Hyundai Merchant Marine

The state-backed ship financing company Korea Shipping is looking to buy up to ten container vessels operated by Hyundai Merchant Marine (HMM), and lease them back to the shipping firm, says a report in Yonhap.   “Korea Shipping will provide some 720 billion won  (USD 633






 
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