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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.  


Container Ship Docks at the Port of Hamburg

At the beginning of September the new flagship of the Chinese shipping company COSCO Container Lines Ltd. docked at the Port of Hamburg for the first time. The Cosco Asia with its slot capacity of 10,062 TEU, is the largest container ship to have entered the Port of Hamburg to date. The unloading and loading of the containerized cargo was handled by HHLA Container Terminal Tollerort (CTT). This container giant with a length of 1,145 ft. is deployed by COSCO


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


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.  


BIMCO, Global Shipping Forum launch “SERVICECON”

Port of Hamburg

  BIMCO and the Global Shipping Forum have now launched a new standard contract – named “SERVICECON” – which simplifies and harmonises terms and conditions for container volume contracts between shippers and carriers.


Hapag-Lloyd Sees Profit Jump in Q1

Photo: Hapag-Lloyd

Hapag-Lloyd generated a profit in the first three months of this year, and concluded the first quarter with a profit of EUR 128.2 million (prior year period: EUR -119.1 million). EBITDA reached EUR 283.6 million (prior year period: EUR 2.9 million) and the underlying EBIT was EUR 160


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


Hamburg’s Seaborne Cargo Throughput Up in Q1

Photo: Port of Hamburg, © Glaubitt

The Port of Hamburg handled total throughput of 35.6 million tons (up by 0.1 percent) in the first quarter of 2015. Bulk cargoes at 11.7 million tons (up by 12.3 percent) and container transport between the port and its hinterland at 602,000 TEU (up by 11


Hapag-Lloyd Orders 5 New Containerships

Due to the dimensions of the canal, shipping companies are only able to use ships with a maximum capacity of 4,900 TEU so far. (Photo Hapag-Lloyd)

When the expansion of the Panama Canal is complete, liner shipping companies will finally be able to use larger vessels. Hapag-Lloyd has therefore ordered five state-of-the-art ships.   Hapag-Lloyd has ordered five modern container ships from the South Korean shipbuilder Hyundai Samho Heavy


Terminal Operator HHLA Prepares for Big Vessels

Photo:  Hamburger Hafen und Logistik AG

Port of Hamburg terminal operator Hamburger Hafen und Logisitik AG (HHLA) is making further preparations for the latest generation of mega-ships.    It has ordered two new container gantry cranes for its Container Terminal Tollerort (CTT)


Port of Grangemouth Expands Container Capacity

Port of Grangemouth. Photo by Forth Ports

 The Port of Grangemouth is the largest container terminal in Scotland and the port’s owner, Forth Ports Limited, has announced that it’s going to get even bigger.    Forth Ports will invest GBP £1.5 million investment at Grangemouth in surface upgrading works on


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.  






 
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