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Largest Container Ships

MOL Comfort Loss: ClassNK Report Due Soon

MOL Comfort prior to sinking: Photo India Coast Guard

Japanese ship classification society ClassNK says that in response to the casualty of containership “MOL COMFORT” which occurred on 17, June 2013, it established an 'Investigative Panel on Large Container Ship Safety', comprised of leading experts from shipbuilders, shipowners and academic institutions. The Panel was charged to carry out the following course of action: (1) Investigate the possibility of casualty occurrence (2) Consider and examine safety of large container ship structure ClassNK explains that the Panel has met six times so far over the course of its investigation, and is currently consolidating its findings and observations into a report, which is scheduled to be released simultaneously in both English and Japanese on the ClassNK website at www.classnk.com by the end of September 2014.


Laid-Up Container Ships

A sharp contraction in world trade has idled more than 200 container ships, threatening the survival of many companies, according to The Journal of Commerce. "The slump in container shipping appears certain to extend into 2010 or beyond. Some companies won't survive," said Joseph Bonney, editor-in-chief of The Journal of Commerce. Carriers operating from Asia to Europe, the world's busiest container trade route, are expected to lose up to $5b this year


Sungdong Shipbuilding Wins $583M Order

According to a Jan 31 report from Reuters, South Korea's small and medium-sized shipbuilder Sungdong Shipbuilding and Marine Engineering Co Ltd  won orders worth $582.6m to build six large container ships. (Source: Reuters)  


Wreck Removal Costs More Nowadays

Insurers, Lloyd's of London, say in a new report that the cost of dealing with shipwrecks is rising as ships grow in size. The report, 'The challenges and implications of removing shipwrecks in the 21st century', warns that the cost of dealing with shipwrecks is spiralling and the increase in removal cost is often passed to insurers, reinsurers and ship owners. Recent examples of expensive wreck removals include the container ship Rena which sank off New Zealand in 2011


Taiwan's Evergreen Plans Mega-Containership Fleet Upgrade

Evergreen Line vessel: Photo courtesy Evergreen Lines

Evergreen Marine Corp, Taiwan's largest container shipping company, plans to charter seven new vessels with capacity of 14,000 twenty-foot equivalent units (TEU) to upgrade its fleet at lower unit costs, while disposing of smaller and older vessels, reports the Taipei Times, . The seven vessels — owned by Sumitomo Corp, a leading integrated trading company in Japan — are scheduled to be delivered to Evergreen in 2016 and 2017, with a 10-year term of tenancy.


Korean Yard to Build World's Largest Container Ship for CSCL

Shipyard workers: File picture

Hyundai Heavy Industries (HHI) say they have begun building the first of five 19,000 TEU container ships for China Shipping Container Lines (Hong Kong).   HHI explain that the shipowner upgraded the original order for five 18,400 TEU containerships to ones capable of delivering 600 more containers, and thus these new ships will be the largest container ships ever built they claim. The new container ships will feature 77


Container Ship Capsizes in Belgian Port

Photo Credit: International Marine Consultancy According to the Herald Tribune, a large container ship capsized during loading Thursday in Belgian port city Antwerp, officials said. No injuries were reported. The cause of the capsizing of the Republica di Genova, a roll on/roll off vessel of the London-based Grimaldi Lines, was not immediately clear, authorities said. Grimaldi Group vessels carry containers and Fiat cars from Italy to Antwerp.


New Abu Dhabi Container Terminal Receives First Ship

Khalifa Port: Photo credit ADT

Khalifa Port commences commercial operations on schedule in support of Abu Dhabi Economic Vision 2030. Khalifa Port formally received its first ship from a commercial customer on target time set in the original 100 steps construction plan.  The ship was the MSC Bari,  one of the largest and newest container ships in the world.  MSC Bari is 366 metres long, 51 metres wide, has a gross tonnage of over 153,000 tons and is capable of transporting 14,000 containers


Hapag-Lloyd, CSAV Advance Merger Negotiations

Photo: Hapag-Lloyd

Talks between German containership company Hapag-Lloyd and Chilean fellow shipping company Cia. Sud Americana de Vapores SA (CSAV) about combining the container liner shipping activities are entering the next phase, Hapag-Lloyd said in a press release today. Both companies have signed a nonbinding Memorandum of Understanding (MoU). As the next step, the due diligence will take place, after which a binding contract could follow, Hapag-Lloyd said.


Mexican Regulators Clear Hapag-Lloyd, CSAV Deal

Mexican competition authority approves transaction with CSAV unconditionally; Next step for Hapag-Lloyd becoming number four in worldwide liner shipping Hapag-Lloyd announced the unconditional clearance under Mexican merger regulations for the planned integration of the container shipping activities of Compañía Sud Americana de Vapores (CSAV) into Hapag-Lloyd. Hapag-Lloyd and CSAV signed a binding business combination agreement in April


SC Ports Report Cargo Volume Growth

Photo: SC Ports Authority

SC ports achieves second consecutive month of 18 percent volume growth; port education program builds understanding, awareness of maritime industry    February marked the second consecutive month of 18 percent container growth at the SC Ports Authority


Singamas Container: Profit Down in 2014, Bullish for 2015

Image: Singamas Container Holdings Limited

 The world’s second-largest container manufacturer Singamas Container reported 2014 net profit which is lower than the previous year, but is expecting a better 2015 bolstered by pent-up demand from shipping lines and the firm’s investment in a gateway province between China and


Mega Ships and Cyber Attacks Pose New Threats

allianz_logo.png

Shipping losses continued their long-term downward trend with 75 reported worldwide in 2014, making it the safest year in shipping for 10 years, according to Allianz Global Corporate & Specialty SE’s (AGCS)  third annual Safety and Shipping Review 2015


The Bigger the Ship, the Riskier

Image: Allianz Global Corporate & Specialty

 Container ship safety is under the spotlight with ever-increasing ship sizes, as evidenced by the January 2015 inauguration of the world’s largest container ship, the MSC Oscar (19,224 teu).    The length of four football pitches, it can carry 19,000 containers


World’s Largest Boxship Classed by DNV GL

MSC Oscar at sea trial (Image courtesy of MSC)

 DNV GL welcomed the world’s largest containership, MSC Oscar, into class. Delivered in January by Daewoo Shipbuilding & Marine Engineering (DSME) in Geoje, South Korea, the 19,224 TEU vessel has already entered service on the line’s new East-West service.  


Maersk May Reward Shareholders as Oil Unit Suffers

Danish conglomerate A.P. Moller-Maersk may announce a second share buyback scheme in its 110-year history as early as Wednesday, analysts said, allowing it to reward shareholders as its oil unit takes a battering from a slump in prices. Further divestments from its large portfolio of companies


Maersk Sheds Danske, to Issue Dividend

Danish shipping and oil group A.P. Moller-Maersk will hand shareholders a $6.6 billion windfall in dividends this year after it sells its 20 percent stake in Denmark's biggest bank Danske. Analysts had expected Maersk to announce the divestment of some assets on Wednesday as part of its


Port of Durban to Triple Capacity, Compete with Suez Canal

The Port of Durban (Photo courtesy of the Durban Chamber of Commerce)

  Durban, South Africa's busiest port, has started a project to triple capacity and encourage vessels to skip the Suez Canal and sail around the Cape of Good Hope, Bloomberg reported today.   The excavation project, which will increase the port's capacity from 2


25,000-TEU Ships Possible, Not Practical

Pic by Maersk Line

 Maersk Line CEO Soren Skou said ships with capacities of 25,000 twenty-foot-equivalent units are possible but not practical today, and that he expects 18,000-19,000-TEU container ships to remain the largest afloat for years to come, according to a report in JOC.  


Rotterdam Port Receives Largest Box Ship

MSC Oscar (Photo Ries Wendel de Joode)

  The MSC Oscar arrived on Tuesday (yesterday) at the APM1 terminal in Rotterdam. With a capacity of 19,224 TEU (20-foot containers), the 396 meters long and 59 meters wide ship is the largest container ship in the world. The MSC Oscar arrived from Algeciras and will leave for Bremerhaven


Massive Rent Hike at Port of Melbourne

Aerial view of the Port of Melbourne

 The Port of Melbourne Corporation has told DP World Australia that it wants to increase rent at the terminal by up by 800 per cent of the current amount, reports local media. It also comes as the Victorian government prepares the Port of Melbourne for sale.  


Are Megaships Game Changers?

Image: A.P. Moeller-Maersk Triple-E

 Bragging rights for the world’s largest container ship have changed hands four times in as many months and keep on shifting again, says a report in the Bloomberg.   The megaships have come to dominate container shipping with astonishing rapidity over the past decade


IACS Comments on MOL Comfort Report

Photo: RINA

The International Association of Classifications Societies (IACS) informs it will study the final report issued in Japan by the Committee on Large Container Ship Safety (CLCSS), which concludes that the Mol Comfort break up possibly occurred because the sea loads exceeded the hull girder ultimate


Port of London to Unveil £7m Vessel at Seawork

    The London Titan in build at Manor Marine (Photo courtesy of Seawork International)

  London Titan, the Port of London's new £6.97million ($10.5 million) 36-meter mooring maintenance vessel, will be officially unveiled at the opening day of the Seawork International exhibition and conference in June, the event's organizers announced today.  


Contract Awarded for Savannah Harbor Dredging

Savannah Harbor Image by Georgia Ports Authority

 The U.S. Army Corps of Engineers has awarded a $134.5 million contract to the Great Lakes Dredge and Dock Company to begin dredging work for the expansion of the Savannah Harbor.   The project, known as the Savannah Harbor Expansion Project (SHEP) deepening the entrance channel to a






 
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