Hyundai Heavy Industries wins a USD 1.2 billion order to build ten 13,800 TEU containerships for a Greek shipowner The containerships, measuring 368 m in length, 51 m in width, and 29.9 m in depth, are scheduled to be delivered from the second half of 2013 to the second half of 2014. The vessels will use 10% less fuel compared to existing similar class containerships. Since LNG carriers, drillships and semi-submersible drilling rigs have been the bright spot of the global shipbuilding market recently, Hyundai Heavy’s winning of the ultra-large containerships order draws special attentions from the market. An official at Hyundai Heavy said, “These orders are noteworthy considering the current sluggish shipbuilding market. With the extensive know-how and technology we have accumulated by building more than 500 containerships over the last 40 years, we will continue to build ships tailored to the needs of our clients and the market.” Evergreen Marine will charter these megaships.
Hyundai Heavy Industries (HHI) announced the Company won a $700 million order for five 18,400 TEU containerships from China Shipping Container Lines (Hong Kong) Co., Ltd. The world’s largest containerships will feature an electronically-controlled main engine and two EcoBallast seawater treatment system. The electronically-controlled main engine will maximize fuel efficiency, and reduce noise, vibrations, and carbon emissions by automatically controlling fuel consumption to suit
Hyundai Mipo Dockyard held a naming ceremony for a 4300 TEU Class Containership, Hull No. 0408, the first of five 4300 TEU Panamax containerships ordered by E.R. Schiffahrt GmbH & CIE. KG of Germany. This containership was named Ital Mattina Mattina by the ship owner. Senior Executive Vice President of HMD, Kim Choon-gon, and many representatives of E.R. Shiffahrt attended the ceremony. On June 25th there was another naming ceremony for Hull No. 0320
Danaos Corporation Adds One More 8,530 TEU Containership to its Fleet. Danaos Corporation, an international owner of containerships, announced that on October 26, 2011, it took delivery of one more newly built containership, the CMA CGM BIANCA, expanding its operational fleet to a total of 58 containerships aggregating 282,619 TEU. The CMA CGM BIANCA, built at Shanghai Jiangnan Changxing Heavy Industry, has a carrying capacity of 8,530 TEU, is 335 meters long, 42
Mitsui O.S.K. Lines, Ltd. announced that the MOL-operated containership MOL Maneuver collided with the containership Zhen He while under way on the open seas southeast of Hong Kong, on February 22, 2012, at around 17:45 p.m., Japan time. None of the crew was injured and no oil leak has been observed. The MOL Maneuver is capable of sailing under its own power. Meanwhile, MOL is investigating the situation on the other ship
Danaos Corporation (NYSE: DAC) on August 22, 2011 took delivery of a new containership, the CMA CGM TANCREDI, expanding its operational fleet to a total of 57 containerships aggregating 274,089 TEU. The CMA CGM TANCREDI, built at Shanghai Jiangnan Changxing Heavy Industry has a carrying capacity of 8,530 TEU, is 335 meters long, 42.8 meters wide and has a speed of 25.80 knots. The CMA CGM TANCREDI has commenced its 12-year time charter at a fixed charter rate immediately upon delivery
Hanjin Heavy Industries won orders totaling $294 million to build 10 ships for a Dutch firm, a German firm and one other European company. Hanjin Heavy said in a statement that Dutch firm Vroon B.V. ordered two 1,600 teu containerships and two 30,000 dwt chemical ships, worth a total of $96 million. It said Germany's Rickmers Reederei GmbH & Cie KG had ordered four 1,200-teu containerships worth $78 million and one other European company had ordered two 5
Hyundai Merchant Marine has set a 2001 sales target of 5.9 trillion won ($4.67 billion) up 15.5 percent from an estimated 5.1 trillion won last year. The company expects sales from containership operations to rise 17.9 percent to 2.93 trillion won and non-containership sales to rise 13.1 percent to 2.96 trillion won, a spokesman said. - (Reuters)
Corporation (NYSE: DAC) announced that its Board of Directors has approved a share repurchase program and authorized the officers of the company to repurchase, from time to time, up to 1,000,000 shares of the company's common stock (par value $0.01). Danaos Corporation is an international owner of containerships. It currently has a fleet of 39 containerships, aggregating 156,275 TEUs. (www.danaos.com)
Anglo-Norwegian engineering group Kvaerner said on Wednesday it had won a contract valued at 627 million crowns ($67.7 million) from Hamburg-based Oskar Wehr GmbH to build two containerships. Kvaerner said in a statement its German subsidiary Kvaerner Warnow in Rostock would build the two ships for delivery in the third and fourth quarter 2002. Kvaerner said the contract comes on top of an existing contract to deliver four similar ships to Oskar Wehr.
Germanischer Lloyd (GL) has signed a classification agreement with Hyundai Heavy Industries (HHI) for the construction of five 18,400 TEU containerships. The so far largest container vessels are ordered by China Shipping Container Lines (CSCL).
Mitsui O.S.K. Lines, Ltd. (MOL) announced the completion of a tabletop drill done in cooperation with the fifth Regional Coast Guard Headquarters. The scenario entailed a containership operated by MOL Liner Division (Hong Kong) and managed by an MOL Group ship management company (Hong Kong)
The Department of Defense, has issued the following relevant Navy contracts. Container ship charter Teras BBC Ocean Navigation Enterprise Houston, LLC, Bellaire, Texas, is being awarded a $9,847,700 firm-fixed-price contract with reimbursable elements, for the worldwide charter of one U.S
The Board of Directors of leading US carrier in the Pacific, Matson Inc., declares its second quarter cash dividend of $0.15 per share. "I am pleased to announce that our Board of Directors have authorized our second quarter 2013 dividend," said Matt Cox
ABS hosted its Annual Meeting in New York on April 23, 2013. ABS Chairman, Robert D. Somerville reported that, "despite the uncertainties of the global economy and of the shipping and offshore markets, ABS turned in yet another record performance."
Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, announced that it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 1989-built vessel Maersk Madrid (to be renamed
Erma First ESK Engineering Solutions S.A. has concluded the installation of its Ballast Water Management System "Erma First" in two container ships being built at Zhejiang Ouhua Shipbuilding for Greek owner Evalend Shipping Co. S.A.
The $50 million in additional port deepening funds proposed by Georgia Gov. Nathan Deal has been approved by the state legislature and now awaits the governor’s signature. Along with previous funding, Georgia has allocated $231.1 million toward the state’s portion of the Savannah
Diana Containerships Inc. has taken delivery of the m/v “Hanjin Malta”, a 1993-built Panamax container vessel of 4,024 TEU capacity. The Hanjin Malta is time chartered to Hanjin Shipping Co. Ltd., Seoul, for a period of minimum thirty-six and a half months to maximum thirty-eight
The crew on the Abeille Bourbon successfully completed towing operations on the CMA CGM Marco Polo, the jewel in CMA CGM’s crown and the largest containership in the world (capable of carrying up to 16,020 TEUs(*)), as part of an exercise organized by the Atlantic French Maritime Prefecture
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) has announced that the company has built additional training facilities and cabins on CADET training vessels and started a new onboard intensive training program, called Cadet Actual Deployment for Education with Tutorial (CADET Training).
The first of 20 giant Triple-E ships for Maersk Line comes out of Daewoo Shipbuilding & Mechanical Engineering Co. drydock for fitting out alongside. The name "Triple E" is derived from the class's three design principles: "Economy of scale
CMA CGM, announced that passengers cabins are now available on board the massive CMA CGM Marco Polo containership (16 020 TEUs). These original cruises offer travelers the possibility to live a unique experience by discovering oceans, seas and continents to the beat of international trade and
Greek-based Euroseas Ltd., drybulk and container ship owners and operators, publish their Q4 & full year 2012 financial results. Full year 2012 Highlights: Net loss of $13.2 million or $0.34 net loss per share basic and diluted on total net revenues of $52.5 million
Matson, Inc., a leading U.S. carrier in the Pacific, declares a first quarter 2013 cash dividend of $0.15 per share. "The strong cash flows generated from our core businesses allow us to support a solid dividend to our shareholders," said Matt Cox