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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.  


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).


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.  


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


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


Port Dues Concession for Box Ships at Singapore

Courtesy  Maritime and Port Authority of Singapore

  In light of the current shipping downturn and to demonstrate the government’s commitment to maintain Singapore as a global hub port, MPA will grant an additional 10% concession on port dues payable by ocean going container vessels carrying out cargo works with port stay of not more than 5 days. This will be for a period of 1 year and will take effect on 15 January 2016. The additional 10% concession is granted on remaining port dues payable after the port dues concession


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.


Diana Containerships, MSC Enter Time Charter Deal

(Photo: Diana Containerships)

Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with MSC-Mediterranean Shipping Co. S.A., Geneva, for one of its Post-Panamax container vessels, the m/v Puelo, a 6,541 TEU container vessel built in 2006.  


Transport via Northern European ports more sustainable

Scatter plot of CO2 emission per TEU per day for vessels according to size and year of build.

On the European continent, the Alps form a natural barrier for international transport. Containers can be transported to Southern Germany, the Czech Republic or Poland cheaper as well as more sustainably via North European ports than via Southern European ports


China COSCO to be First through the Expanded Panama Canal

The Panama Canal Administrator, Jorge L. Quijano, with Zhang Guodong, General Manager, China COSCO Shipping Panama (right) and Paul XU, General Manager, China COSCO Shipping Panama (left). (Photo: Panama Canal Authority)

China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway’s inauguration on Sunday, June 26.  The vessel, which has a maximum capacity of 9,400 TEUs, is 8.25 meters in beam and 299


First Female Deputy Harbor Master at Port of Durban

Pinky Zungu has again made history with her appointment as Transnet National Ports Authority’s first black female Deputy Harbor Master – Nautical for the Port of Durban. (Photo: Philip Wilson)

One of the first three women in Africa to obtain a Marine Pilot open license in 2011, Pinky Zungu has again made history with her appointment as Transnet National Ports Authority’s first black female Deputy Harbor Master – Nautical for the Port of Durban.  


Hempel’s Fouling Defence Product Hempaguard Applied to 500 Vessels

Image: Hempel

 Leading marine coatings manufacturer, Hempel, announces - after only two and a half years on the market -  its award winning innovative fouling defence product Hempaguard has now been applied as a full vessel coating to 500 ships.   


MAN Diesel Ship Engine Production Steady

MAN B&W low-speed diesel engines manufactured at the Tamano Works Machinery Factory Photo MES

Mitsui Engineering and Shipbuilding co., Ltd. (MES; President: Takao Tanaka) achieved production volume of 181 MAN B&W low-speed diesel engines manufactured at the Tamano Works Machinery Factory (Tamano, Okayama Prefecture) in fiscal 2015, representing for 3


UASC, Qatargas and Shell Join to Push LNG as Marine Fuel

Qatargas CEO Khalid bin Khalifa Al Thani (fifth left), United Arab Shipping Company CEO Jorn Hinge (fourth left), and Managing Director and Chairman of Qatar Shell Companies, Michiel Kool (sixth left) along with other officials after the signing ceremony. Photo: Qatargas

 Qatargas, United Arab Shipping Company (UASC) and Shell signed a Memorandum of Understanding (MoU) to explore the development of LNG as a marine fuel in the Middle East region.    This is the second such agreement signed by Qatargas and Shell in as many months and establishes


Guidelines for Determining Containers Weight - DMA

Courtesy Danish Maritime Authortity

The Danish Maritime Authority has – in cooperation with a number of business organisations – drawn up three short guidelines on the regulations on the determination of the weight of packed sea containers. In February, the Danish Maritime Authority informed about future regulations


Maritime Cook Islands Appoints Hastings, Technical Manager

Will Hastings Photo MCI

Maritime Cook Islands (“MCI”), the leading ship registry, has just appointed William Hasting as a Technical Manager serving the European region, and in so doing significantly boosting MCI’s presence in Europe. His appointment takes place with immediate effect.


Port of Long Beach Starts Strong in 2016

Photo: Port of Long Beach

Cargo shipments at the Port of Long Beach were up 6.1 percent for the first three months of 2016 compared to the same period last year, starting the year off strongly. Lifted by big gains in January and February, the quarter was the port’s best since 2007.  


Ports America Ups West Coast Investment

Ports America is continuing its business growth strategy to increase its West Coast presence through additional investments, services and expansion of its terminal capacity. The latest transaction includes a significant expansion and 20-year lease extension of the Husky Terminal in Tacoma, Wash


Wärtsilä to Power 8 CSCL Containerships

CSCL container vessel (Photo: Wartsila)

Wärtsilä has been awarded a contract to supply its Wärtsilä Auxpac 32 generating sets for eight new 13,500 TEU container vessels being built for China Shipping Container Lines (CSCL). Four generating sets are needed for each vessel, making a total of 32 sets in all


EUROGATE Net Profit Up 13%

EUROGATE -Bremerhaven. The company  can look back on a good financial year Photo EUROGATE

EUROGATE can look back on a good financial year, 2015. Despite difficult market conditions the European terminal operators Group increased its net profit by 13.4 percent to EUR 73.5 million (prior year EUR 64.9 million). Container handling at the German EUROGATE locations grew faster than the


TS Taipei Grounding Spill Cleanup to Continue

 Debunkering efforts continue for the TS Taipei, which grounded off Shimen, Taiwan last month, causing a large bunker spill after the vessel fractured in the middle.   Minister of the Ministry of Transportation and Communications (MOTC) Chen Jian-yu said he hopes to see the removal of


UASC Expands Further in S.America

Photo: UASC

 United Arab Shipping Company (UASC) announced the opening of a new joint-venture agency in Uruguay and participation in this year’s Intermodal South America exhibition, opening today in São Paulo and running until 7th April.  






 
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