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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 by the end of September 2014.

Maersk Line: Market Share Down a Touch in 2017

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

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)  

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

China, France Sign deal Shipping

Photo: CMA CGM Group

 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

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.

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.

APM Terminals Pipavav Handles 10,000 TEU vessel

Pic: Gujarat Pipavav Port Ltd

 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

New Cranes for Felixstowe Port

Three new cranes have been delivered to the Port of Felixstowe’s Berth 8&9. The Berth 9 extension will be operational during the fourth quarter of 2015.

  Three new ship-to-shore gantry cranes have been delivered to the Port of Felixstowe, the Port of Britain. Built by ZPMC in Shanghai, the new cranes will be operated on the port’s Berth 8&9 which are currently being extended to increase the port’s ability to handle the

DP World Plans Big for the Panama Canal

Image: DP World

 DP World is expanding its container terminal at Port of Caucedo following the expansion of the Panama Canal to accommodate larger container ships, reports ASC.   DP World will increase the capacity of the port to 2.5-million TEU and started work to increase the depth of the quay wall

Asia-N.Europe Box Rates Plunge 17 pct

The CMA CGM Bougainville is the worlds largest containership under French flag. (Image: P. Plisson / CMA / CGM)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17.3 percent to $259 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.

4 STS, 14 ARMG Cranes for APM Vado Terminal

APM Terminals Vado Italy port construction site aerial photo1a

  APM Terminals signed an agreement for the construction and delivery of four Ship-to-Shore (STS) Gantry Cranes and 14 Automated Rail-Mounted Gantry Cranes (ARMGs) for the new APM Terminals Vado terminal now under construction on Italy’s Ligurian coast

Ship of the Future: Container Feeder

(Photo: Deltamarin)

More Cargo, Less Fuel, Greater Flexibility are Design Hallmarks Deltamarin debuted a design that it dubs the first state-of-the-art container vessel of its series, the A.Delta2300. With extensive R&D the maritime design house delivers what it believes to be a 'best-in-class' design

Maersk Cuts Growth Forecast

Photo: Maersk Line

 Though the Danish conglomerate AP Møller-Maersk posted higher-than-expected earnings, it has cut its forecast for global trade growth and abandoned several medium-term profit forecasts, as per a report in FT.   Maersk overcame low oil prices and freight rates in its container

Maersk to Boost Asia-Euro Box Rates Sharply

File Image (Maersk)

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 Sep 1, the company said. Spot rates for twenty foot equivalent unit containers (TEU) will rise by $1,000

Asia-Europe Box Rates Plunge 27 pct

Image: file photo (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26.7 percent to $469 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.

Larger Ships, Demand Driving Port Investment Boom

APM Terminals Mobile Alabama (Photo: APM Terminals)

Rising global container port demand and ever larger vessels are driving terminal operators to make significant investments in additional capacity, according to the Global Container Terminal Operators Annual Report 2015 published by global shipping consultancy Drewry.

CMA CGM 2Q Post Higher Profit


  In the second quarter, CMA CGM demonstrated the strength of its business model by significantly outperforming the market, despite a sharp fall in freight rates and industry overcapacity:   * Volumes carried during the second quarter increased by 6.2% year-on-year, to 3

China-Made Vessel Delivered to CMA CGM

Crew of the container ship Zheng He pose for photo at the Shanghai. Credit: Xinhua/Chen Fei

 A large container ship produced by Shanghai Waigaoqiao Shipbuilding Co., Ltd. was delivered to leading French container shipping group CMA CGM on Saturday in Shanghai, reports Xinhua.   The vessel is named "Zheng He" after the famous ancient Chinese navigator

Savannah Harbor Dredging Begins

Photo: Georgia Ports Authority

 The dredging project in the Savannah Harbor began on Monday. The Army Corps of Engineers, the federal agency overseeing the harbor expansion, says that the project started on Tybee Island as crews on a 220-foot dredging barge worked about 5 miles offshore.  

Will Cosco-CSCL Merger be a Trend-setter?

Photo: COSCO

 A China Ocean Shipping Company COSCO-China Shipping Container Lines (CSCL)merger makes financial sense, but would have huge implications for competition in the container shipping industry, according to Drewry Maritime Research.  

Asia-Europe Box Rates Drop 31 pct

A Maersk containership in port (file image)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 31 percent to $313 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.

Asia-Europe Rates Further Contract

Photo: Maersk Line

 Major container shipping rates plummeted again this week, with declines on the trunk Shanghai-Europe routes falling at record amounts,  says Shangahi Containerised Freight Index (SCFI).   A eport in ASC  says that the SCFI for Far East to North Europe dropped by a staggering

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