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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]


World’s Largest Containership Arrives in Hamburg

Photo courtesy of Port of Hamburg

The massive 19,100-TEU containership CSCL Globe has arrived in Hamburg on its maiden voyage; growth in China trade continues   The Port of Hamburg will handle a 19,100-TEU vessel for the first time, as CSCL Globe, currently the world’s largest containership operating in a liner service, is ported in Hamburg from January 13-15 on its maiden voyage deployed in the Europe-East Asia trade.   This year, China is due to again further expand its position as Hamburg’s leading


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


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


Frost & Sullivan Launches Malaysia Mega Trends Report

Monitoring and analyzing Competitive Intensity, Customer Dynamics, Industry Convergence, Disruptive Technologies, Global Mega Trends, New Business Models, and Emerging Markets provides an illuminating view toward future sce

  Frost & Sullivan today launched its latest research, Mega Trends Malaysia in collaboration with the Malaysian Investment Development Authority (MIDA). Mega Trends are defined as transformative, global forces that define the future world with their far reaching impact on business, societies, economies, cultures and personal lives. According to Hazmi Yusof, Malaysia Country Head and Senior Vice President of Frost & Sullivan


Imabari Invests in Shipbuilding

Japanese Yard to Build World’s Largest (20,000 TEU) Containerships Imabari Shipbuilding Co., Ltd. secured newbuild orders with the cooperation of Marubeni Corporation for eleven 20,000TEU Ultra-Large Container Carriers, when delivered the largest containerships in the world. The new ships, the first of which is scheduled to be completed in early 2018, will measure approximately 400m long and 59m wide. Imabari has built more than 200 container carriers, including the 4


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


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.


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


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.


Challenges Ahead for Marine Insurance

Dieter Berg, president of the International Union of Marine Insurance. Photo by IUMI

 The marine insurance sector is undergoing a rapid period of change and it is critical that insurers understand the risks the industry is facing and offer products that match these new trends, Dieter Berg, president of the International Union of Marine Insurance (IUMI) said.  


BIO-SEA Undergoing USCG Type Approval Trials

Photo: BIO-UV

BIO-UV informs it has started the process of USCG Type Approval for its BIO-SEA BBWTS. Land-based and shipboard tests are currently underway. The original design has been retained, due to its efficient and relevant technology, and some technical improvements have been made.


Marlink VSAT to Connect MV Brazen

MV Brazen (Photo: UASC)

The world’s first 18,800 TEU LNG-ready ultra-large containership, M.V. Barzan, was recently named at a ceremony in South Korea. MV Barzan is one of 17 (11 x 15,000 TEU and 6 x 18,800 TEU) advanced new containerships built by Hyundai Heavy Industries for United Arab Shipping Company (UASC)


World’s Greenest Containership Comes under Malta Flag

MV Barzan. Pic by United Arab Shipping Company (UASC)

 MV Barzan, a vessel recognized as the world's most environmentally friendly ultra-large container vessel, has been registered on the Malta flag.   MV Barzan is one of 17 (11 x 15,000 TEU and 6 x 18,800 TEU) advanced used containerships built by Hyundai Heavy Industries for United Arab


Maersk Tigris Manager Liaising with Authorities

Rickmers Shipmanagement, managers of containership Maersk Tigris, which was yesterday approached, fired upon and boarded by the Iranian Navy in the Persian Gulf, issued a statement addressing the incident. Rickmers Shipmanagement said it informed relevant international authorities immediately


NZ Ports to Turn Away Cruise Liner

Ovation of the Seas by Royal Caribbean Cruises

 Radio New Zealand says that ports of Auckland is set to turn away one of the world's largest cruise ships after agreeing with its council-owner not to build one of two planned wharf extensions.   It said, without the extension, it could not berth the Ovation of the Seas


USD 1.83 Billion Singapore Mega Port Project at Tuas

The Port of Singapore: Photo credit: Government of Singapore

 The Maritime and Port Authority of Singapore (MPA) and the Dredging International Asia Pacific-Daelim Joint Venture (DDJV) have inked a contract for the USD 1.83 billion Tuas Terminal Phase 1 Reclamation, Wharf Construction and Dredging Project.  


Diana Containerships Announces Time Charter Contract

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Zim Integrated Shipping Services Ltd, for one of its Panamax container vessels


Evergreen Launches Vietnam-Singapore-Malaysia Service

In light of the increasing capacity demand, Evergreen Line will launch its new Vietnam-Singapore-Malaysia service (VSM) this month.    The dedicated feeder loop will utilize two A-type containerships of 1,164 TEU. The first sailing of the weekly service will start from Haiphong on May


CMA CGM Kerguelen to Be Christened in Le Havre

CMA CGM Kerguelen (Photo: HAROPA)

CMA CGM has chosen HAROPA - Port of Le Havre to christen its new sea giant container vessel, the Kerguelen. As the largest container port for the external trade of France, HAROPA enjoys recognized expertise by shipping companies and main alliances


Diana Containerships Reports Q1 Net Loss

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported a net loss of $0.5 million for the first quarter of 2015, compared to net income of $0.3 million for the respective period of 2014.


Hapag Lloyd Back in the Black

Image: Hapag-Lloyd AG

 German container line Hapag-Lloyd has defied the challenging market environment in the containership market and returned to profit in the first quarter of 2015 euros as a stronger dollar and lower bunker prices helped to offset weaker freight rates.  


Container Industry Competence Standard Launched

Seagull Maritime launches Container Industry Competence Standard

Seagull Maritime AS has launched the Container Industry Competence Standard (CICS), an assessment and training system covering container vessel operations. The program aims to bring new consistency to competency on-board containerships, following a similar breakthrough from Seagull in the dry bulk


MOL Tabletop Drill Prepares for Major Offshore Incident

Scene of Emergency Control Headquarters during the drill

  Mitsui O.S.K.Lines, Ltd. today announced that, in cooperation with the Japan’s 7th Regional Coast Guard Headquarters, the company conducted a tabletop drill based on a scenario in which the cruise ship Nippon Maru, operated by its group company, Mitsui O.S.K. Passenger Line, Ltd


NYK Lynx Rescues Sailor in the Pacific Ocean

A person was rescued from the sailing yacht in distress 260 nautical miles off the Galapagos Islands.

  NYK Lynx, a containership operated by NYK Line, rescued one person from a sailing yacht in distress 260 nautical miles off the Galapagos Islands. The yacht had been adrift for two weeks after encountering trouble with the main engine.  






 
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