Containerships

Hyundai Heavy Wins US$ 1.2-billion Order

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 to Build World’s Largest Containerships

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

HMD Holds Naming Ceremony for Containership

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 Adds Containership

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

Collision of Containership MOL Maneuver

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 Adds 8,530 TEU Containership

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 Wins $294M In Orders

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 Sales Projected To Rise

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)

Danaos Corp Share Repurchase Program

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)

Kvaerner Lands $67.7 Million Containership Contract

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.