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]
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
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
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
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
The Berth 9 Extension at the Port of Felixstowe, the Port of Britain, has been opened by Dr Therese Coffey MP, Deputy Leader of the House of Commons. The 190-metre extension increases the port's capability to work two of the world's largest containerships simultaneously. More than eighty ships of 18,000+TEU have already been handled at the port in 2015, confirming Felixstowe's position as the port-of-choice for mega-ships in the UK.
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.
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.
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
The Global Shippers’ Forum (GSF) says that the use of mega ships and alliances remain the main problems within the shipping sector. The popular belief is that larger ships and alliances are good for competition because of the benefits they give, but the reality is that there are added costs due to the negative externalities they impose on others, says Chris Welsh, general secretary of GSF.
Petchem, Inc. has taken delivery of its new Farrell & Norton 80’ 5,000HP ASD tug from Gulf Coast Steel Boat Builder’s in Bayou La Batre, Ala. Petchem’s new vessel and equipment help prepare East Coast ports for the increased tonnage coming through the canal in the
50 years after the beginning of modern container shipping in Germany, international trade is handled by 6,397 containerships, with a capacity of 21.1 million TEU. Hapag-Lloyd’s container fleet numbers among the largest in the industry.
Autonomous ships, smart on-board systems: At the Maritime Future Summit on September 5, industry leaders will discuss the future of shipping. For the first time SMM hosts a conference dedicated to digital shipping. Cyber Ships: What may sound like a word from a science fiction novel to
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three month period ended March 31, 2016. First Quarter 2016 Highlights:
Genting Hong Kong, announced the completion of the acquisition of Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany for the consideration of 230.6 million Euros. The deal will give Genting Hong Kong the core expertise, manpower
Container shipper Maersk Line has introduced its first direct service from Northern Europe to Cuba, beginning on Friday April 22 with the arrival of the 2,556 TEU containership E.R. Cape Town in the Port of Mariel, located 50 kilometers from Havana.
The pain of the current container market downturn extends beyond carriers, says Drewry's Container Insight Weekly. Some independent ship-owners are faced with either lowering charter rates to help save ailing carriers or risking their assets going idle.
Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with MSC-Mediterranean Shipping Co. S.A., Geneva, for one of its Post-Panamax container vessels, the m/v Puelo, a 6,541 TEU container vessel built in 2006.
A naming ceremony was held on April 22, 2016 for Svitzer Deben, Svitzer’s new Damen ASD 3212 80-metric-ton bollard pull escort tug for the Port of Felixstowe. Marc Niederer, Managing Director of Svitzer Europe, hosted the naming ceremony
Update on the containership collision off Ningbo, China Maersk Line said it is working with Chinese authorities to develop a plan to tow its severely damaged containership Safmarine Meru to safety. On May 7, the Maersk-owed Safmarine Meru was heavily damaged and caught fire after
French shipping line CMA CGM SA will no longer run the mega containership Benjamin Franklin between Asia and the U.S. West Coast, on account of weak market conditions, reports FT. According to sources, Benjamin Franklin’s voyages have been suspended on the route between Asia and U.S
Genting Hong Kong, a unit of Malaysia's gaming giant Genting, is building 10 cruise ships worth 3.5 billion euros ($4 billion) in anticipation of higher demand from the Chinese market. Genting has signed an order for 10 ships with the Lloyd Werft Group
BIMCO expects the container shipping fleet to break through the 20 million TEU barrier shortly. 2016 will see the lowest fleet growth rate on record (3.4% expected), but with an estimated net addition of 0.68 million TEU of capacity for the full year, the milestone could be reached in June.
The container shipping fleet is nearing the 20 million TEU mark, a barrier that BIMCO expects will be broken through shortly. It is expected that 2016 will see the lowest fleet growth rate on record (3.4 percent projected), but with an estimated net addition of 0
Shanghai's Zhonggu Shipping may buy 3,398-TEU Stadt Aachen, that was up for sale for US$7.1 million, say local media reports. Zhonggu Shipping earlier stated that it plans to acquire a handful of vessels this year, all of which will start operations between June and August.