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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


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.


Uni Asia Forms New Subsidiary and Buy a New Vessel

Pic: Uni-Asia Holdings Limited

 Uni-Asia Holdings Limited has acquired a new wholly owned Panama-incorporated company known as Fortuna Containership S.A. as a ship owning subsidiary for the purpose of acquiring a 3,500 TEU second hand containership.   Fortuna Containership was incorporated in Panama on 20 May 2015 with an authorised share capital of US$10,000. As of the date hereof, the Company has paid in cash in full for the subscription of an issued and paid-up share capital of US$10


Diana to Acquire Two Post-Panamax Containerships

Diana Containerships Inc. announced that yesterday it signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated third party two Post-Panamax container vessels, the m/v Rotterdam and the m/v Hamburg.


NMDC Breaks Several Records on New Suez Canal Project

Official countdown to New Suez Canal. Photo: Suez Canal Authority

 UAE dredging and marine construction firm National Marine Dredging Company (NMDC) has announced the completion of the New Suez Canal project.   The $8bn (£5bn) project had been projected to take three years but on the orders of the president, Abdel Fatah al-Sisi


Diana Charters Containership to Maersk

m/v Great (Photo: Diana Containerships)

Container shipping company Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Maersk Line A/S for one of its Post-Panamax container vessels, the m/v Great.   


First Italian Port To Deploy 23 Rw Gantry Cranes

On Fornelli East – 2 x 23 and 3 x 20 row cranes are now available. On Fornelli West – 4 x 20 and 2 x 18 row cranes will be available

La Spezia Container Terminal (LSCT), Contship Italia Group’s flagship gateway to Northern and Central Italy, Southern Europe and beyond is the first Italian regional container terminal to deploy supersized gantry cranes to operate both ships of today and tomorrow.  


Boxship on Fire in East China Sea

The Japanese-built containership Kamala caught fire around 400km off the coast of the Japanese island of Kuchinoshima in the East China Sea.   The accident happened during a voyage from Gresik, Indonesia to Ulsan, South Korea with 796 containers on board, including hazardous cargo


India Shortlists 5 Shipyards for $10.1 Bln Submarines Project

Image: Indian Navy

 India's top government committee has selected five Indian shipyards to compete for an Rs 64,000-crore ($10.1 Bln) project to build high-tech submarines for the navy.   The Indian Navy will soon invite tenders for building six conventional submarines after a high-level committee of the


India to Float Tenders for Six New Submarines Soon

Image: Indian Navy

 The Indian Navy will soon invite tenders for building six conventional submarines after a high-level committee of the Defence Ministry submitted its report identifying shipyards capable of executing the about $10.1 billion project.   


Egypt Completes New Waterway in Suez Canal

Image: Panama Canal Authority.

 Egypt has completed dredging for the new shipping route in the Suez Canal, says the government sources. The mega national project ‘New Suez Canal’ is scheduled to be inaugurated on August 6.   Egypt has invited all countries worldwide to take part in the inauguration


Crystal Cruises Plans for Expansion

Image: Crystal Cruises

Crystal Cruises announced an expansion plan under new owners Genting Hong Kong that includes three 1,000-passenger vessels, its first new ships in decades. Plus, Crystal will expand into adventure, yacht and river cruising, and luxury jet trips.  


Hapag-Lloyd Implements UV Ballast Water Treatment

The GEA BallastMaster ultraV treats ballast water by means of filtration and UV-C radiation (Image: GEA)

German shipping company Hapag-Lloyd relies on chemical-free UV ballast water treatment from GEA for fitting its containership fleet. In April 2015, the BallastMaster ultraV 500 was technically accepted on board Panamax containership London Express (shipboard acceptance approval).  


NMDC Completes New Suez Canal

Egyptian President Attends NMDC’s Presentation. Photo credit: National Marine Dredging Company

 National Marine Dredging Company (NMDC), the UAE's leading dredging and marine construction company, has announced the completion of the New Suez Canal project following its successful trial run on Saturday (July 25).    A total of six container ships from around the world


Largest Chinese-built Containership Delivered

Image: CMA CGM

Shipping group CMA CGM has taken delivery of the newbuild box ship CMA CGM Vasco de Gama [sic] on July 27. Built by China State Shipbuilding Corporation (CSSC), the 18,000 TEUs vessel is, with its 399 meters length and 54 meters width, is the largest ship in the CMA CGM fleet and the largest


Diana Containerships Sells Panamax Ship

Diana Containerships Inc. sells Panamax containership, the m/v Cap Domingo   Diana Containerships Inc. today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2001-built vessel m/v Cap Domingo


Barcelona Yacht Repairer Adds New Shiplift

Photo: MB’92

Yacht service, refit, repair and maintenance yard Marina Barcelona 92 (MB’92) has awarded a contract to Pearlson Shiplift Corporation (PSC) for the design and supply of a new shiplift and transfer system as part of an expansion project underway at the Barcelona shipyard.  


Matson Pumps $30 Million into Alaska Operations

Photo: Matson

Ocean cargo shipper Matson, Inc. said it is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services. The company expects to invest more than $30 million in new equipment planned by Horizon prior to its acquisition.






 
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