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Teu Container

Chinese Container Ship on the International Market

The ship to which China owns the full intellectual property rights is on the international market for the first time, according to People's Daily. Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. and Costamare Shipping Co. Greece signed a contract to build four of the 8,530 TEU container ships. The 8,530 TEU container ship is said to be the largest ever exported. Source: People's Daily Online


Becker Marine Wins Another Rudder Order

TLKSR Rudder

Becker Marine Systems receives order for 93m2 TLKSR rudders - the largest ever built. 93m2 TLKSR Rudder ordered by STX O&S for 16,000 TEU container vessels Becker Marine Systems has been elected by STX Offshore & Shipbuilding to design and supply the largest ever built full spade rudders for Zodiac’s container vessels of more than 90m2. The largest rudders so far delivered by Becker Marine Systems are 85m2 TLKSR® rudders that were installed on five 14


Canal Proposes New Containership Pricing System

After nine months of informal consultations with its customers and the maritime industry, the Panama Canal Authority (ACP) today announced a formal proposal to update their current vessel measurement and pricing system for full container vessels and other vessel types with on-deck container capacity. The ACP’s proposal would change the system that the Canal currently uses for the container segment – from the Panama Canal Universal Measurement System (PC/UMS) to the industry standard of the


T&T BISSO Refloats Container Vessel

T&T BISSO Response successfully refloated a 5,700 teu container vessel in Brazil. Led by Senior Salvage Master Ted Hosking, the T&T BISSO team lightered bunkers and used three high-horsepower local tugs in the operation. After pumping the bunkers back to the vessel and conducting an underwater survey, the crew safely delivered the vessel and cargo to its owners with no damage to the environment. (www.ttbisso


Yangzijiang to Benefit From Ship Orders: Merrill Lynch

Bank of America-Merrill Lynch said that it sees Yangzijiang Shipbuilding Ltd. benefiting from potential orders after a revival of interest from container shipping firms in larger vessels. The broker’s outlook came after reports that Taiwan's Evergreen, the world's sixth-largest container shipping firm, ordered 10 vessels with a capacity of 13,800 twenty-foot containers (TEU) each. "Evergreen Marine decided to lease ten 13


Los Angeles’ July Container Volumes Set Year High

The Port of Los Angeles has released its July 2013 cargo volumes. July overall volumes totaled 715,640 20-Foot Equivalent (TEU) containers, the busiest cargo month of 2013. Compared to July 2012, volumes slipped 1.48%. Imports edged downward by .3%, from 371,859 Twenty-Foot Equivalent (TEU) containers in July 2012 to 370,745 TEUs this July. Exports decreased 4.83%, from 165,581 TEUs in July  2012 to 157,585 TEUs in July 2013.


NewLead Holdings Closes Container Vessel Sale

NewLead Holdings Ltd. (NASDAQ:NEWL) announced that the MSC Seine, a 1990-built 2,917 TEU Container vessel, was delivered to her new owner, January 20, 2010. As previously announced, the gross proceeds from sale will be used to reduce debt and add flexibility to the balance sheet.  


China Shipyards Benefit from Lomar Fleet Expansion

Image courtesy of Lomar

Lomar informs it has declared a further three options to build new container vessels at Chinese shipyards, which brings the total number of newbuilding orders in hand to over 20 ships. The company has declared its final two options in a total order for six 1,100 TEU container vessels from the Yangzijiang shipyard. They are designed by leading Chinese design institute SDARI (Shanghai Merchant Ship Design and Research Institute) and have much improved fuel consumption and the ability to carry


SFL Acquires Two Containerships, Settles Bulker Claim

Ship Finance International Limited (SFL) has announced the agreement to acquire two 5,800 teu post-panamax container vessels built in 2001/2002 in combination with long-term charters. The vessels are expected to be delivered to SFL over the course of the next few weeks, and the annual EBITDA contribution is estimated to be approximately $5.5 million on average during the charter period. The charters include a purchase option with profit share after five years.


MOL Express Refloated

MOL Express

  The MOL Express, a 4,600 TEU container vessel which went aground in Tateyama Harbor, Japan on January 11, was successfully refloated, Seaspan Corporation reports. No crew injuries and no environmental consequences from this incident have been reported. An investigation into the cause of the grounding is underway. The vessel is currently on charter to MOL, is managed by Seaspan Corporation, and is owned by MOL affiliate GCI.


SIPG to Acquire 79.2% of Jinjiang Shipping

Shanghai Shengdong International Container Terminals. Photo: SIPG

 Shanghai International Port Group Co (SIPG) is all set to acquire 79.2% stake in intra-Asia container line Shanghai Jinjiang Shipping for up to RMB1.94bn ($312.58m).   SIPG plans to buy a 48% stake in Jinjang Shipping currently owned by Shanghai International Group, as well as a 31


Maersk Line Seeks to Raise Asia-Europe Freight Rate

Photo courtesy of Maersk

Maersk Line, the world's largest container shipping company, told its clients on Tuesday it would raise the freight rate from Far East Asia to Europe by $1,000 per 20-foot container (TEU) as of Aug 1. The company declined to say what the current rate was or what the new rate would be as numbers


OOCL’s Revenues Plummet

Photo: Orient Overseas Container Line (OOCL)

 Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) saw a 2.1% dip in total container shipping volumes in the second quarter of 2015 when compared to the same period last year.   Total revenues decreased by 9.3% to USD 1,362.4 million


China Shipping Orders Eight 13500 TEU Box Ships

Image: China Shipping Container Lines

China Shipping Container Lines has placed orders for eight 13,500 twenty-foot-equivalent container ships at Shanghai Jiangnan Changxing Shipbuilding, continuing the aggressive fleet expansion began last year.     As agreed, Jiangnan Changxing will design and build eight 135


SC Ports Box Volumes Up Nearly 15%

Photo: SCPA

South Carolina Ports Authority (SCPA) informs it has handled nearly 15 percent more pier containers fiscal year to date than the same period last year, with total box volume through April climbing to nearly 900,000 containers.   SCPA handled 96,166 pier containers in April, compared to 86


Wärtsilä wins BWMS Order for 3 Vessels

The Wärtsilä Aquarius UV Ballast Water Management system utilises a two-stage approach involving filtration and medium pressure UV disinfection technology

  Wärtsilä has received another important order for its Ballast Water Management Systems (BWMS). Three new container ships being built for a major European shipping company at the Jinhai Shipyard in China will be fitted with Wärtsilä Aquarius UV BWMS


Wärtsilä Bags BWM Systems Order from Jinhai Shipyard

BWMS Aquarius UV systems. Photo credit: Wärtsilä Corporation

 Wärtsilä Corporation, has received an order for ballast water management systems (BWMS) for three new container ships being built for a major European shipping company at the Jinhai Shipyard in China.   The vessels will be fitted with Wärtsilä Aquarius UV systems


MacGregor Optimises UASC's Container Vessels Payload

Photo of MV Barzan courtesy MacGregor

  United Arab Shipping Company's first ultra-large container vessel has entered service equipped with a MacGregor high-efficiency cargo handling system, which is designed to maximise payload potential and operational efficiency and reduce environmental impact by minimising emissions per TEU


DNV GL Grants AIP for HHI’s SkyBench

Tor E. Svensen, CEO of DNV GL – Maritime, presents Yoon Moon-kyoon, Senior Executive Vice President & COO of HHI’s Shipbuilding Division, with the Approval in Principle certificate for the SkyBench concept. (Photo: DNV GL)

Hyundai Heavy Industries (HHI) has received an Approval in Principle (AIP) certificate from Classification society DNV GL for its SkyBench concept for increasing capacity of mega box ships.   The result of development conducted by HHI and work with DNV GL


Samskip Charters Box Ship to Boost Norway Capacity

MV Alk  (Photo: Samskip)

Samskip has increased capacity on Norway by chartering the 657 TEU container vessel MV Alk, built in 2004 and measuring 132.60 x 19.20 metres. Caesar Luikenaar, Trade Director Scandinavia Trade says the company has deployed the 8,015 DWT vessel on the weekly Norwegian West Coast service which


Ship Finance Buys Three Boxships

Pic: Ship Finance International Limited

 Ship Finance International Limited has acquired three 9,000 teu capacity container ships that are under construction from an unrelated third party.   The Fredriksen-led company said that the three vessels are currently being constructed to a fuel-efficient design at an undisclosed yard


Wärtsilä Hybrid Scrubbers for 3 Box Ships

Signing ceremony; from left to right from Jinhai Heavy Industry Co., Ltd, Supply Department, Ms Summer Xia, Buyer, Mr John Zhou, Vice General Manager and Mr Zheng Jianzhong, General Manager. From Wärtsilä Ms Heidi Paulsrud General Manager, Exhaust Gas Cleaning, Sales & Marketing, Ms Yuan Alisa Ren, Sales manager and Mr Peter Xu, Sales manager.

  Wärtsilä has received an order for Hybrid Scrubber Systems to clean the exhaust emissions from three 2,500 TEU container vessels. The installation has been ordered by a major European owner and operator and will be carried out at the Jinhai Heavy Industry Co., Ltd in China


Asia-N Europe Container Freight Rates Jumps 60%

Photo  Hamburg Sud

  Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose by 60.4 percent to $879 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.


Diana Extends Containership Time Charter

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract for one of its Post-Panamax container vessels, the m/v Pucon


US Imports Rising Ahead of Back to School Season

Photo: Port of Los Angeles

Import cargo volume at the United States’ major retail container ports is expected to increase 7.3 percent this month over the same time last year as retailers stock up for the busy back-to-school season, according to the monthly Global Port Tracker report released today by the National






 
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