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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

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).

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.  

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.

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

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

Seattle’s Terminal 5 Closer to Becoming ‘Big Ship Ready’

Photo: Northwest Seaport Alliance

The Port of Seattle has completed the environmental analysis of Terminal 5 and has prepared the Final Environmental Impact Statement (FEIS) on the project to modernize the cargo-handling facility in order to serve larger cargo vessels. The proposed upgrades to Terminal 5 are wharf rehabilitation


ENGIE manages a large LNG supply portfolio and has a significant presence in regasification terminals in Europe and worldwide Image CMA CGM Group

CMA CGM and ENGIE signed a Memorandum of Understanding to promote LNG as the marine fuel for tomorrow’s container vessels. Farid Salem, Executive Officer of the CMA CGM Group, and Isabelle Kocher, CEO of ENGIE, signed the agreement today at the Marseille headquarters of CMA CGM.

Container Shipping Market has Bottomed Out

Photo: CMA CGM

Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a gradual market recovery is now expected, according to the latest annual Container Forecaster and Review 2016/17 report published by global

Caribbean’s Largest Mobile Harbor Crane Delivered

The new Liebherr mobile harbor crane LHM 600 high rise, is ready for transhipment Rostock, Germany to Kingston, Jamaica. (Photo: Liebherr)

Liebherr Maritime Crane has delivered the largest mobile harbor crane of the Caribbean to Kingston Wharves Limited in Jamaica. The LHM 600 is equipped with an elongated tower extension and eases the handling of big container vessels up to Super-Post-Panamax size.  

Gibdock Performs Quick Freight Ferry Repair

Photo: Gibdock

Gibdock has redelivered the Seatruck Ferries container/ro-ro vessel Clipper Point on-time, after a fast turnaround 11-day renewal project for the Clipper Group-owned operator. The ship has subsequently been introduced to Seatrucks’ Irish Sea operations.  

Torched Containership Returned to its Owners

The containership CCNI Arauco caught fire in the aft container hold on September 1. After four intense weeks, Ardent safely returned the vessel to the owners. Ardent discharged the damaged containers out of the vessels cargo hold. These containers were declared as dangerous waste and required special treatment. (Photo: Feuerwehr Hamburg)

Container vessel CCNI Arauco has been returned to its owners after a fire broke out in its aft container hold on September 1.   Ardent emergency response crews worked with local firefighters to extinguish the fire. Other experts from Ardent contained the situation with local authorities and

Con-Green 2000 - Next Generation of Feeder Vessels

Image: DNV GL

 The largest container vessels are designed for the greatest possible efficiency – maximum intake, minimum fuel consumption. Their smaller cousins, however, have not received the same level of attention – but this is beginning to change, says Jai Oh Sun, Engineer / Pre-Contract

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

Los Angeles Pier 400 Ready for Ultra-Large Container Ships

Los Angeles Pier 400. Photo: APM Terminals

 The first of ten ship-to-shore (STS) cranes at the APM Terminals Los Angeles Pier 400 facility was raised 33 feet (10 meters), making it the tallest port crane in North America and will be ready for vessel operations in the next few months.  

Seaspan CEO: Hanjin Fallout Is Like Lehman for Shipping

Photo: Hanjin Shipping Co

 Seaspan Corp  chairman and ceo Gerry Wang has described the bankruptcy of South Korea’s biggest container line Hanjin Shipping Co as the industry’s equivalent of the Lehman Brothers collapse that triggered the global financial crisis, reports Bloomberg.  

Jan De Nul NV expands Jamaican Port

CSD Marco Polo & SHB Concepción

Jan De Nul NV is part of a consortium that is responsible for the expansion of the port of Kingston. In 25 months the access channel and the port basin will be deepened, and the berths on the existing quay walls will be reinforced and renovated

One Hanjin Ship Cleared to Dock at U.S. Port

Port of Long Beach

A Hanjin Shipping Co container vessel idled off the coast of Mexico after the company's bankruptcy has received permission to dock and unload cargo at the Port of Long Beach, industry and union officials said Friday. Authorization for the Hanjin Greece to enter the port came after bankruptcy

AkzoNobel Launches Biocide-free Fouling Control Coating

Switching to more sustainable shipping has been made easier for ship owners and operators following the launch of Intersleek 1000, a new biocide-free fouling control coating developed by AkzoNobel’s Marine Coatings business.   Offering fuel and CO2 savings of up to 6 percent*

Half of Hanjin Boxships Denied Port Access

A Hanjin Containership at Sea (Credit: Hanjin)

Of 98 container ships, 44 blocked from ports. U.S. firms take legal action over unpaid bills. Roughly half of Hanjin Shipping Co Ltd's container vessels have been blocked from ports since the South Korean firm's collapse, putting manufacturers and their customers increasingly on edge about the

Hanjin’s Ships Worth $1.7 Bln -VesselsValue

Photo: Hanjin Shipping

With Hanjin Shipping on the verge of bankruptcy, state run Korea Development Bank stated the shipper’s debt stood at more than $5 billion at the end of June.   However, Hanjin owns 63 vessels, worth today $1.7 billion, including live and newbuilding contracts, as shown by VesselsValue

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