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Mega Containership

Zim to Buy Eight Ships for $1.36B

Israel Corp. subsidiary Zim Integrated Shipping Services Ltd. said it had placed an order to purchase eight mega container ships from the South Korea’s shipyard Samsung Heavy Industries Co. Ltd. The deal, valued at $1.37b, ($170m each) comes six weeks after Zim Integrated Shipping Services Ltd. announced its plan to upgrade its container vessels fleet. The company had ordered eight TEU 12,600 mega containership for delivery by July 2012. The purchase will substantially increase the Israeli-based carrier's fleet when the vessels arrive in 2012. The order took the global shipping sector by surprise, since Zim had generally bought its containerships from rival South Korean's Hyundai Shipyards. Earlier this year the line purchased two 2,450-TEU containerships with an option to buy additional two. These vessels are scheduled for delivery in 2010-11. [Source: http://www.port2port.com]


Hapag-Lloyd Ship Named

The long-established Hamburg shipping line Hapag-Lloyd named a containership in Malaysia for the first time. The patron of the 336m long “Kuala Lumpur Express” is Ursula Adrion, wife of Adolf Adrion, member of the executive board of Hapag-Lloyd AG. The “Kuala Lumpur Express” can carry 8,749 TEU and is the second ultra-modern training ship on which Hapag-Lloyd trains its nautical and technical personnel, following the identical


Mega-ship Stops in Long Beach Up

Cargo surged into and out of the Port of Long Beach in record numbers in 2005, buoyed by the increasing use by China and other Asian traders of giant ships with the capacity to carry 8,000 or more import-stuffed containers each. The mega-ships, defined by their ability to float 8,000 cargo containers or more, visited Long Beach more than 200 times last year, and helped drive a 16 percent increase in the number of containers processed at the port during 2005 compared with the year prior


Hapag-Lloyd Names New Mega Containership

The Hanover Express, which is capable of carrying 8,750 containers, is one of the world’s largest containerships. The newbuilding was recently named in Hamburg. The patron was Gabriele Frenzel, wife of TUI’s CEO and chairman of the supervisory board of Hapag-Lloyd, Dr. Michael Frenzel. Naming ceremonies for large containerships are still something special even in Hamburg, and nearly 300 guests from business and politics – including the Mayor of Hamburg Ole von Beust and the Mayor of


Graig Order Launches Generation of "Super Feeders"

MARLIN_BLUE_AT_SEA web.jpg

The Cardiff-based Graig Group has ordered a series of up to 26 fuel-efficient new generation MARLIN 2000 Blue design container feeders to be built at the major Jin Hai shipyard complex in China. The first two vessels are scheduled for delivery in August and September 2013 with subsequent vessels to be delivered in pairs every two and half months.  Discussions on charters for the vessels are advanced with a number of global liner companies.


TMT CEO Files $100m IP Suit Over Vessel Sale

us courts.jpg

Hsin-Chi Su, Chairman and CEO of Today Makes Tomorrow Group (TMT) launched a suit in Texas federal court on July 28, 2014, alleging that a planned bankruptcy sale of three company ships, including M.V.D Whale, M.V.G Whale and M.V.H Whale, to Mega International Commercial Bank Co. Ltd. (Mega Bank) will strip him of intellectual property worth more than $100 million for each ship. According to Ken Liang's deposition at the court, Mega Bank is the agent for vulture fund Oaktree Capital Group.


MarAd Approves Containership Sales

The Maritime Administration (MARAD) has given approval to Global Shipping LLC, of Cumberland, Maryland to sale of the containership EWA, official number 530140 to Sea Lion Marine LTD., a St Vincent and the Grenadines corporation, and the transfer of said vessel to Tulva registry and flag for purposes of disposal. The containership was built in 1972, by Skinner and Eddy Corporation in Seattle, Washington. MARAD's approval is required under section 9 of the Shipping Act, 1916, as amended.


Mega Yacht Returns to Blohm + Voss

The LADY MOURA returned to Blohm + Voss on October 8 for maintenance and conservation work. The 344-ft. (105 m) long white mega yacht will undergo a facelift in its roofed-over floating dock. The LADY MOURA, built at Blohm + Voss in 1990, will be returning to her yard for the third time, following visits in 1992 and 1997. The owner and captain of the LADY MOURA The LADY MOURA has sufficient tank capacity to undertake transatlantic voyages


Danaos Adds Containership to Fleet

Danaos Corporation, an international owner of containerships, announced that on March 8, 2012, it took delivery of one more newly built containership, the HYUNDAI TENACITY, expanding its operational fleet to a total of 62 containerships aggregating 325,879 TEU.   The HYUNDAI TENACITY, built at Hyundai Samho Heavy Industries Co. Ltd, has a carrying capacity of 13,100 TEU, is 366 meters long, 48.2 meters wide and has a speed of 24.70 knots


PwC: Transport, Logistics Starts 2014 Subdued

First quarter deal activity matches lowest level in nine quarters; trucking and shipping lead transaction activity Merger and acquisition (M&A) activity in the transportation and logistics industry began 2014 on a soft note, with the total volume of deals matching the lowest level seen since the fourth quarter of 2011. Total first quarter deal activity and value were down from the spike in the fourth quarter of 2013


Hamburg Süd Christens Containership in S. Korea

Hamburg Süd’s San Christobal will operate between Asia and the east coast of South America from September 2014

Hamburg Süd yesterday celebrated the christening of its new containership San Christobal with customers and business partners at the Hyundai Heavy Industries shipyard in Ulsan, South Korea. The vessel is the second newbuild in the series of three new San-class ships.


No Sign of Ultra-Large Containership Mega Hubs: Analysis

Container terminal: Photo Maersk

Contrary to the views of some in the industry, Ultra Large Container Vessels are continuing to call at multiple North European ports per loop and are not concentrating on a mega-hub, according to Drewry’s latest Container Insight Weekly, excerpted here.


More German Shipowners Look to Gibdock for Repairs

Richard Beards: Photo Gibdock

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent client list reads like a ‘Who’s Who’ of leading German shipowners and managers


Gibdock Rreputation Rises in German Market

Richard Beards, Managing Director, Gibdock

Gibdock has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent client list reads like a ‘Who’s Who’ of leading German shipowners and managers


MOL YoY Q1 2014 Profit Slips, but Dividend Planned

Koichi Muto: Photo MOL

MOL President Koichi Muto informs in a letter addressed to company shareholders of a year-on-year decline in profits during the first quarter of fiscal year (FY) 2014, excerpted as follows: "I would like to report our business results for the first quarter of fiscal year (FY) 2014 (April 1


New TOTE Containership Receives MAN Turbochargers

MAN TCA66 Turbocharger: Rendering courtesy of MAN

The 3,100-teu container ship ordered by American marine transportation company TOTE, will be powered by an all-MAN package including main engine, auxiliary engines and turbochargers
. The recent delivery of the world’s first dual-fuel


Drewry: Global Number of Container Ships Peaks

file photo

The number of container ships transporting goods around the world has fallen in the first half of 2014 but the total capacity of the global fleet continues to increase, consulting firm Drewry Maritime Research said in a note on Monday. Drewry Maritime Research foresees a fall in the number of


Doosan Delivers a ‘World’s First’ to NASSCO

The MAN B&W 8L70ME-GI engine pictured at Doosan’s Changwon works in Korea (courtesy Doosan Engine)

Doosan Engine has confirmed delivery of the world’s first dual-fuel, low-speed ME-GI engine to the American National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego, USA. The new engine is capable of operation on LNG and/or bunker C oil and will power the first of two 3


VSTEP Delivers FMB Simulator to Danaos

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Danaos Corporation purchased a NAUTIS DNV Class A FMB Simulator and Instructor Station for training of its fleet members.  The simulator will be delivered and installed by VSTEP at Danaos Shipping Co Ltd. Headquarters in Piraeus, Greece.  


Containership Cleared of Ebola Risk

Image courtesy of VesselValue.com

Containership Hammonia Pacificum has been cleared of Ebola risk at the Port of Ricahrd Bay after being stopped previously at several West African ports, according to online ship intelligence and information service VesselsValue.com. The ship, though carrying a 'quarantine alert' yellow flag


Servowatch to Showcase New AMC Range at SMM

Servowatch Systems, a U.K.-based business unit of the Electrical and Automation division of India’s engineering giant Larsen & Toubro, said its exhibition stand at SMM in Hamburg this September will be used as a platform from which the global specialist in marine automation and systems


Queensland Turns Down Cruise Terminal Request

Australia's Queensland government has backed away from controversial plans to allow a cruise ship terminal to be built on state-owned land on the Gold Coast, according to the 'Brisbane Times'. Deputy Premier Jeff Seeney announced on Tuesday that in response to community concerns


Wishful Thinking From Across the Pond

Joseph Keefe

European Shipowners Pursue Softening of the Jones Act   Just last month, the Secretary General of the European Community Shipowners’ Association (ECSA) opined that the sixth negotiations round of the Trans-Atlantic Trade and Investment Partnership (TTIP) should include concessions


Euronav Books Profit from Sale of Chartered Ship

The owner of the 157,258 dwt containership Cap Isabella (built 2013), a vessel which Euronav had on bareboat charter, decided to sell the vessel to an unrelated third party. As announced by Euronav in March 2013, the company is entitled to a share of the profit should the selling price exceed a


Latest Ocean-Going Shipbuilding Orders

Welding: Photo courtesy GLG

Clarkson Hellas notes in its latest 'S&P Weekly Bulletin' shipbuilding orders placed in the dry bulk, tankship, gas carrier and containership sectors, as follows: Dry bulk carriers A couple of orders to report in dry this week with Santoku Senpaku adding further Kamsarmax to their orderbook






 
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