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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


Maersk Beats Forecasts, Loses Shipping Market Share

Photo: Maersk

Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said A.P. Moller-Maersk's  forecast-beating results on Wednesday had been helped by one-offs.   While the world's largest container shipping business reported a jump in net profit to


Korean Shipyards Bullish on Mega Vessels

20,000 teu vessel Pic by MOL

 As the construction of ultra large container ships gained momentum, Korean shipyards are sweeping up the market, according to a report appeared in Business Korea.   Total orders of 21 container ships exceeding 20,000 TEU in capacity were placed globally from the end of last year to


Asia-N.Europe Box Rates Plunge 23.6 pct Last Week

File image: a containership docked at a U.S. West Coast Terminal.

Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 23.6 percent to $658 per 20-foot container (TEU) in the week ended on Friday, data from the Shanghai Containerized Freight Index showed. The drop in freight rates on the world's busiest shipping


Maersk Line to Increase Asia-Europe Rates

Maersk_Line_Logo.svg.png

Shipping company Maersk Line, owned by A.P. Moller-Maersk, plans to increase freight rates for transporting containers from Asia to Northern Europe by $800 per 20-foot equivalent unit (TEU) from June 1, it said on Tuesday. With a fleet of more than 600 vessels


Hapag-Lloyd Orders 5 Ships for More Panama Canal Trade

Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in Latin America ahead of next year's planned expansion of the Panama Canal, the world's fourth biggest player said on Monday.   Workers are installing 22-storey lock gates to accommodate


Maersk: Seized Boxship Crew Safe

file image: a Maersk Containership underway.

Mainly Asian, E.European crew "in relatively good" state. Danish shipping company Maersk said on Wednesday the crew of the Maersk Tigris container ship were safe and "in good spirits" after Iranian authorities seized the vessel in the Strait of Hormuz the previous day.


CMA CGM Acquires India's LCL Logistix

CMA CGM has acquired a 60 percent stake in India's LCL Logistix as it tries to expand in freight forwarding services, the French shipping group said on Wednesday. CMA CGM, the world's third-largest container shipping firm, did not disclose the price of the deal to buy Mumbai-based LCL Logistix


Maersk: Crew of Seized Containership is Safe

Danish shipping company Maersk said on Wednesday the crew of the Maersk Tigris container ship were safe and "in good spirits" after Iranian authorities seized the vessel in the Strait of Hormuz the previous day.   Iranian patrol boats fired warning shots as they intercepted the


Big Data Helps Shippers Cut Fuel Bills, Emissions

Photo: Maersk

By focusing on operational improvements, shipping companies are reducing fuel consumption, saving money and cutting greenhouse emissions, while continuing to increase the amount of freight transported.   Maersk Line, the world's largest container carrier


Iran Says Respects Navigation Freedom, Day After Ship is Seized

Iran's foreign minister told an audience in New York City on Wednesday that Tehran respects freedom of navigation in the Gulf, a day after Iranian patrol boats seized a Danish container ship in one of the world's busiest oil shipping lanes.  


Gulftainer’s Khorfakkan Terminal Sets Record Unloading

Image: Khorfakkan Container Terminal

 UAE based Gulftainer, a terminal operating and logistics company, set a new record for the handling of the largest unloading and loading of a single vessel call at its Khorfakkan Container Terminal (KCT), at 19,561 TEUs (Twenty-foot equivalent unit).  


Giant Hanjin Boxship Catches Fire in Suez

Hanjin Green Earth:  Hanjin Shipping

 Suez Canal Authority said it controlled a blaze in a British container ship passing the waterway Friday, leaving no human losses.   An ultra-large container ship owned by Hanjin Shipping caught fire while underway just south of the Suez Canal on 1 May.  


Daewoo Bags Big Maersk ULCS Order

Image: Daewoo Shipbuilding & Marine Engineering

 AP Moller-Maersk has returned to South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering for its latest series of ultra-large container ships (ULCS), reports The Korea Economic Daily.   The total contract to build 11 ultra-large containerships is worth US$1.7 billion


Daewoo Shipbuilding Eyes Maersk Boxship Order

South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) is in talks with a unit of A.P. Moller-Maersk for a potential order to build ultra-large container ships, a DSME spokesman said on Monday. DSME is close to winning an order for some 11 container ships of 20


CMA CGM in Cuba Deal

Image: CMA CGM LOG

 CMA CGM Group will work with Cuban company Almacenes Universales SA to run a logistics complex serving the Port of Mariel, giving a boost to the island’s effort to make itself a transshipment hub.   CMA CGM, the world’s No






 
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