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Seaspan, Cosco Agree to $1.9b Lease

According to Bloomberg, Seaspan Corp., will lease eight container vessels to a unit of China Cosco Holdings Co. for $1.9b. Cosco Container Lines Co., will pay a daily fee of $55,000 a vessel during the 12-year contract, Seaspan said. The Seaspan vessels are designed to carry 13,100 standard containers measuring 20 ft. in length, among the largest ships of their kind. They are scheduled for delivery in 2011. Source: Bloomberg

Five Newbuildings for Hapag-Lloyd in 2007

In 2007, Hapag-Lloyd will integrate three newbuildings each capable of carrying 8,750 standard containers (TEU) as well as two vessels each of 4,250 TEU capacity into its fleet, enabling it to keep pace with the expected growth in global container transport. With the combining of services in the context of the integration of CP Ships, acquired at the end of last year, as well as the cascading of vessels in the various liner services

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

World’s Largest Containership Named

Colombo Express, the world’s largest containership at 1099 ft. (335 m) long, 141 ft. (43 m) wide, and able to carry 8,750 containers, was recently named. The patron of the new Hapag-Lloyd flagship was Christiane Krumnow, wife of the supervisory board chairman of TUI AG, Dr. Jürgen Krumnow. “Global container transport remains a growth market,” said Michael Behrendt, chairman of the executive board of Hapag-Lloyd AG. “Today’s volume of 71 million standard containers is forecast to grow to

Crowley to Launch New Haiti Service

Crowley Liner Services announced today that beginning September 12 it will launch weekly, fixed-day service from Port Everglades, Fla., to Port-au-Prince, Haiti. Vessels will depart from Port Everglades every Friday, call Rio Haina, Dominican Republic, every Tuesday, arrive in Port-au-Prince, Haiti, every Wednesday, and return to Port Everglades every Friday. Crowley will use the Lift On / Lift Off (Lo/Lo) ship, Olympos, and offer customers the

GSF and BIMCO Publish Standard Box Freight Document

Pic: BIMCO Headquarters

 The Global Shippers Forum (GSF) has joined forces with the Baltic International Maritime Council Organisation (BIMCO) to launch the BIMCO/GSF SERVICECON container shipping contract.    GSF is a NGO inaugurated in the UK four years ago but which represents international shipping organisations around the globe, and BIMCO is also an NGO which includes thousands of shipowners and operators worldwide in its membership.  

Marit Maersk Visits Port of Hamburg

Having been constructed and christened at the Danish shipyard of Odense, the Marit Maersk, a giant container ship built for the Maersk Line shipping company, called at the Port of Hamburg for the first time on its maiden voyage. The ship's length of 1,204 ft makes it 49 ft longer  than any container ship that has ever called at the Port of Hamburg in the  past. Ships with a slot capacity of up to 11,000 TEU (20 ft standard  containers) are increasingly being put into service

Internal Waterway Shipping 2008 Results

Now at 12.2 million tons, the volume of goods carried between the Port of Hamburg and the hinterland by inland waterway vessel in 2008 exceeded all previous levels. This marked a 1.5 percent increase on the operating results of the previous year. In Germany as a whole, the shipment of goods by inland waterway vessel in 2008 dropped by 1.6 percent. The most important goods categories were mineral oil products, gases, coal and agricultural and forestry products

When Bigger Ships Can't Hold on to Records

MSC Oscar (Pic by Mediterranean Shipping Co)

 The credit of being CSCL Globe for being the world's biggest container ship remained for a little over a month until the arrival of the MSC Oscar.  MSC Oscar, sailed from a shipyard near Busan, South Korea, became the world's largest container ship last month, just weeks after the previous record holder, CSCL Globe, was launched.   The MSC Oscar, operated by Geneva-based Mediterranean Shipping Co., is slightly shorter but is able to carry 124 more containers

MacGregor's Improved Lashings Storage System

MacGregors new 40ft flat rack system offers improved storage capacity

  MacGregor, part of Cargotec, has developed a new 40ft flat rack loose lashings storage system that is designed to make better use of available deck space. "An overall trend for twistlocks, stackers and midlocks is their weight reduction," explains Perttu Jokinen, Lashing Portfolio Manager, Cargo Stowage and Securing Systems, MacGregor. "This can often lead to the maximum volume of a storage bin being reached before its maximum payload

The Triumph of the Container

A 40-foot-container. This invention opened up totally new markets to producers. (Photo: Hapag-Lloyd)

Globalization is the driving force of container shipping, as ever more goods are transported across the world’s oceans in steel boxes on ever-larger container ships. But container shipping is also what made globalization possible in the first place.  

Port of Bronka Prepares for Opening

Photo: Port Bronka

Technical plant and equipment installation for the first stage of Bronka’s port facilities is now complete with the Liebherr LHM 800 mobile port crane installed at the end of September, bringing the port closer to operation.   The deepwater Port of Bronka is located on the outskirts

Terex Cranes for ICTSI

Three similar cranes will be supplied to Basra

  Terex Port Solutions (TPS) has received an order from a subsidiary of International Container Terminal Services, Inc. (ICTSI) in Iraq for two Terex shiptoshore cranes (STS) and three Terex rubber-tyred gantry cranes (RTG). With this order including comprehensive services, TPS and ICTSI

Maersk to Idle Vessel

Morten Maersk. Photo by Maersk Line

 The world's biggest container-ship operator Maersk Line  has confirmed market talk that it has temporarily idled one of its largest vessels - yet another sign that the industry is in dire straits, says a report in the The Straits Times.  

Direct Cambodia-China Cargo on Course

Image: Sihanoukville Autonomous Port (SAP)

 Two Chinese shipping giants are likely to sign agreements with Cambodia's Sihanoukville Autonomous Port (SAP), paving the way for exporters to move cargo directly from Cambodia to China, Xinhua reported.  Both Cosco and China Shipping are expected to sign with Sihanoukville Autonomous

Shanghai Rolls out Green Port Plan

Image: Port of Shanghai

 The Port of Shanghai is aiming to reduce energy consumption per handling capacity unit by 7 percent in 2017 compared to 2010, the city’s transport commission said.    It is aiming to cut carbon dioxide emissions by 9 percent compared with 2010

Davao Sasa Port Modernization Project Attracts 6 Firms

Davao Sasa Port. Pic:  Philippine Ports Authority Port Mananagement Office of Davao

 Six local and foreign firms have expressed interest to construct a modern Davao Sasa Port, the Department of Transportation and Communications (DOTC), Philippines said.   The companies that purchased the bid documents include Anflocor, Netherlands-based global operator APMT

OOIL's Profit Up

Image: Orient Overseas (International) (OOIL)

 Orient Overseas (International) (OOIL), the parent company of Orient Overseas Container Line (OOCL), said its profit had risen 32 percent year on year (y/y) to $238.6 million in the first six months of 2015, due cheaper fuel costs helped it tide over a slump in freight rates.  

Port of Virginia Cargo Volumes Mount in July

Photo by Virginia Port Authority

 The Port of Virginia handled 226,000 TEUs in July, the highest amount ever recorded for that monthly period in the port''s history.   The Virginia Port Authority, which operates terminals in Portsmouth, Newport News and Norfolk, reported Thursday that 225

Hoover Debuts Offshore Acid Tanks

Image: Hoover Container Solutions

Hoover Container Solutions, a provider of chemical tanks, cargo carrying units and related products and services, has introduced acid tanks intended for transport and storage of a range of corrosive liquids and chemicals as the newest addition to its offshore product line.  

MICT Wins ‘Container Terminal of the Year’ Award

Anil Singh, Senior Vice President and Managing Director Subcontinent, DP World,

  Mundra International Container Terminal (MICT) received the Gateway Award for Container Terminal of the Year in recognition of its performance, operational excellence, growth in throughput and breaking the one-million-TEU mark.

Hapag-Lloyd Swings to Profit in H1 2015

Photo:  Hapag-Lloyd

 German container carrier Hapag-Lloyd is starting to see the commercial benefits of its integration with the container shipping arm of Compañía Sud Americana de Vapores (CSAV), which is now expected to deliver larger synergies than initially anticipated.  

Smart Box Ship Features Built-in Container Tracking

CMA CGM Bougainville (Photo: CMA CGM)

CMA CGM Bougainville is billed as the first containership in the world to be equipped with TRAXENS technology, which transforms containers into smart, connected objects.   Newly built CMA CGM Bougainville, the 18,000 teu flagship of French container shipping company the CMA CGM Group

French President Inaugurates CMA CGM’s New Mega Ship

François Hollande with Jacques Saadé at the inauguration ceremony for CMA CGM Bougainville (Photo: CMA CGM)

The CMA CGM Bougainville, the largest containership sailing under French flag, was inaugurated Tuesday by French President François Hollande in Le Havre.   Other key figures present for the inauguration include Jacques R. Saadé

Antwerp Port Sees Record Growth

Image Antwerp Port

  The port of Antwerp handled 156,515,552 tonnes of freight in the first nine months of this year, up 5.5% on the same period last year. The steady growth in the volume of container freight (up 8.0% in TEU, 5.4% in tonnage) and of liquid bulk (up 7

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