Largest Container Ships
Classification society ClassNK has released draft amendments to its rules and guidance for container carriers, with the aim of implementing more comprehensive rules for increased ship safety. The amendments were approved by the ClassNK Technical Committee in Tokyo on November 19. The ClassNK Technical Committee is made up of representatives from the shipping and shipbuilding industries as well as scholars and experts to discuss matters relating to the establishment and revision of technical rules and guidance. In response to the MOL Comfort containership casualty in June 2013, ClassNK established The Investigative Panel on Large Container Ship Safety, which comprised of shipbuilders, shipping companies and people with relevant knowledge and experience, to investigate the possibility of casualty occurrence and the structural safety of large container carriers. The results from the investigation and ClassNK’s action plan were released in the Investigation Report on Structural Safety of Large Container Ships in September 2014. On the other hand, Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) Committee on Large Container Ship Safety released recommendations of requirements for large container ships in its Final Report in March 2015. Furthermore
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
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
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
Industrial cooperation is high on the agenda during Premier Li Keqiang's stay in France. China's deals with the world's third largest container shipping group - CMA CGM was highlight. "July 1st will be a milestone in our Group’s history. The Chinese Prime Minister’s visit is a great recognition of the unique links our Group has developed with China, a strategic country in the Group’s development history
Maersk Line, the world's largest container shipping company and a part of the A.P. Moller-Maersk group, sees its capacity market share slipping to around 14 percent in 2017 from 15.9 percent now, according to presentations. Between now and 2016, the company says it expects to keep up with market growth and retierated it would spend about $3 bilion a year until 2020 in new vessel orders as well as new containers and on maintainance
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)
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
Gujarat Pipavav Port Ltd (APM Terminals Pipavav) announced the successful berthing of the largest container vessel with capacity of approximately 9,971 TEUs in the history of the port. Maersk Saltoro is the largest container ship (981 feet long) ever to call at APM Terminals, one of western India’s fastest growing gateway ports. "The berthing of Maersk Saltoro, at nearly 10,000 TEUs capacity
Freight rates for shipping containers from Asia to northern Europe fell 10 percent to $233 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the fifth consecutive week of falling freight rates on the world's busiest route. Rates are at their lowest since June 19, and widely seen as at loss-making levels. Rates dropped 20 percent from Asia to ports in the Mediterranean
Neptune Orient Lines(NOL) confirmed that it is continuing in discussions with respect to a potential acquisition of the group as previously announced on Nov 7 on the local bourse, reports Business Times. This comes after the Singapore Exchange Securities Trading Limited (SGX-ST)
The merger deal of China’s two shipping gianst China Ocean Shipping Co., or Cosco, and China Shipping Group that could create the world’s fourth largest container operator is expected to get approval by Chinese government by January, reports WSJ.
France's CMA CGM, the world's third-largest container shipping firm, said freight rates should recover next year after a market downturn led to a sharp fall in its third-quarter profits. The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk
The world's largest container shipping company, Maersk Line, plans to raise spot freight rates sharply on main routes from ports in Asia to ports in northern Europe, with effect from Dec. 1, the company said on Tuesday. Spot rates for twenty foot equivalent unit containers (TEU) will rise by $1
Globalization is the driving force of container shipping, as ever more goods are transported across the world’s oceans in steel boxes on ever-larger container ships. But container shipping is also what made globalization possible in the first place.
APM Terminals is preparing an expansion of the Moin Terminal in Costa Rica's cooling export facilities. Six new STS cranes and 29 RTG cranes to operate the deep water port of Moin Container Terminal, which opens in 2018. The Port of Moin is 18 meters deep docks
The world's largest container shipping company, Maersk Line, plans to raise spot freight rates sharply on main routes from ports in Asia to ports in northern Europe with effect from Nov. 1, the company said on Tuesday. Spot rates for twenty foot equivalent unit containers (TEU) will rise by $1
Maersk Oil, part of Danish conglomerate A.P. Møller-Maersk A/S, will cut 10% to 12% of its workforce as part of a plan to reduce operating costs by a fifth by the end of next year, amid weak oil prices. The oil business of Danish conglomerate sets to cut 1
French LNG containment specialist GTT, along with French containerline CMA CGM (and its subsidiary CMA Ships) and classification society DNV GL have released a technical and feasibility study for a new mega boxship dubbed the Piston Engine Room Free Efficient Containership (PERFECt)
MSC Mediterranean Shipping Company’s largest container ship ever built, the MSC Oscar, makes her maiden call at Port of Wilhelmshaven today. Since its inauguration in January at Daewoo’s Shipbuilding and Maritime Engineering (DSME) Shipyard in South Korea
German shipping group Hapag-Lloyd priced its initial public offering (IPO) at the low end of a revised range, giving the group a market capitalisation of about 2.4 billion euros ($2.6 bln) or less than half the original target. Hapag-Lloyd shares were sold at 20 euros ($21
Hapag-Lloyd AG, the German container shipping company, has succeeded in completing its initial public offering (IPO), after a hard campaign in which the outcome sometimes looked in doubt. It has set the final offer price for its shares at €20 ($21
Maersk Line, the world's largest container shipping company, said on Wednesday it will slash costs, cut staff by almost a fifth and pull out of vessel orders as trade along the busiest routes in the world, from Asia to Europe, slows down.
CMA CGM has teamed up with French wooden toy manufacturer VILAC to launch a wooden toy containership for children. The toy will be branded with both CMA CGM and VILAC containers. It was designed by CMA CGM and will be sold by VILAC.
Container shipping demand at lowest since 2008 crisis; additional capacity supply far outstrips demand. Shipping and oil conglomerate A.P. Moller-Maersk said on Friday third-quarter profit almost halved and global demand for container transportation this year would grow at a slower pace than