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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


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.


Euroseas Sells C/V Tiger Bridge

...

  Euroseas Ltd. an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today the sale of C/V Tiger Bridge (a 2,228 TEU Container vessel, built in 1990) to an unaffiliated third party (the “Buyers”) for recycling. The Company will deliver the Vessel to the Buyers latest by November 16, 2015.


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


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.  


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.


US Imports Rise Steady after 2015 Rollercoaster

File photo: Northwest Seaport Alliance

Import cargo volume at the United States’ major retail container ports has begun its annual climb toward summer levels but is expected to be largely flat when compared with last year’s record high numbers, according to the monthly Global Port Tracker report released today by the


Turkish ARKAS Line Sets Course for Hamburg

For the first time a vessel from Turkish ARKAS Line is expected in the Port of Hamburg on April 20. The WANDA A is deployed in the West Africa Express Service (WAX) operated by ARKAS and Hapag-Lloyd and will be cleared at HHLA Container Terminal Altenwerder


60th Birthday for Container Shipping

Chart: Clarkson Research

 From its origins in the first seaborne transportation of containers on board Malcolm McLean’s Ideal-X on 26 April 1956, containerized shipment has become the glue that holds together today’s globalised economy, points out Clarksons Research.  


DP World Volume Up 3.7%

Sultan Ahmed bin Sulayem, DP World Group Chairman and Chief Executive Officer Photo DP World

DP World Limited today held its Annual General Meeting for the year ended 31 December 2015.  DP World Chairman, Sultan Ahmed Bin Sulayem, made the following statement regarding operational performance in the first quarter of 2016.  


The Container Fleet: Think Inside The Box?

Graph: Clarksons Research

 The increase in containerisation of cargoes and the expansion of the global containership fleet have had a significant impact on global trade and economic development, says a research report from Clarksons Research.   However, this would not have been possible were it not for the


Simatech Begins Coastal Shipping Service in India

Photo: Simatech Shipping

 Sima Marine, a subsidiary of Dubai-based Simatech Shipping, one of the largest container feeder servicing companies in the world operating 54 ships, has launched coastal container shipping services in India.   The coastal container shipping service will operate from Kochi connecting


Asia-Europe Box Rates Plunge 10 pct

File Image (Credit UASC)

Shipping spot freight rates for transporting containers from ports in Asia to Northern Europe fell 10.1 percent to $231 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.


MacGregor Upgrades Cargo System for CSCL

The MacGregor Cargo Boost upgrade allows the ships payload capacity to increase by 300 high cube FEU on deck and increases cargo system flexibility Photo by MacGregor

MacGregor has carried out optimised cargo system upgrades for two 14,000 TEU container vessels owned and operated by China Shipping Container Lines (CSCL). The vessels have re-entered service following the upgrades, which have been designed to increase their actual payload capacity


Asia-Europe Box Rates Rates Fall 9 pct

File image: a UASC containership underway (credit: UASC)

Shipping spot freight rates for transporting containers from ports in Asia to Northern Europe fell 8.7 percent to $211 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.


Port Of Hong Kong Volumes Down

Image: The Port of Hong Kong

 Hong Kong port recorded a 16% overall throughput drop in February to 1.2m teu from 1.4m teu in previous corresponding period, accelerating from the 9.6% drop seen in the first month of the year.   The container turnover at port since the beginning of 2016 decrease by 12


HMM, FESCO and CMA CGM Launch Joint CRS Loop

The Hyundai Unity, which was deployed to the new service, crossing the ocean. Photo HMM

Hyundai Merchant Marine (HMM), FESCO and CMA CGM announced the launch of a new China-Korea-Russia weekly service, under the name ‘CRS (China Russia South Service).’ Prior to the launch, HMM has been jointly operating two services ‘KRS (Korea Russia Service)’ and


Asia-N.Europe Box Rates Jump 37 pct

File image: the CMA CGM Marco Polo (CMA CGM)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe soared 37.2 percent to $339 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.


MacGregor Signs Loose Lashing Orders for Twelve Container Vessels

Photo: MacGregor (Cargotec Corporation)

 MacGregor, part of Cargotec, will supply loose lashings equipment for twelve 19,200 TEU container vessels under construction in South Korea for a European owner. The equipment is planned for delivery during 2016. The order was booked into first quarter 2016 order intake.    


EUROGATE Net Profit Up 13%

EUROGATE -Bremerhaven. The company  can look back on a good financial year Photo EUROGATE

EUROGATE can look back on a good financial year, 2015. Despite difficult market conditions the European terminal operators Group increased its net profit by 13.4 percent to EUR 73.5 million (prior year EUR 64.9 million). Container handling at the German EUROGATE locations grew faster than the


Wärtsilä to Power 8 CSCL Containerships

CSCL container vessel (Photo: Wartsila)

Wärtsilä has been awarded a contract to supply its Wärtsilä Auxpac 32 generating sets for eight new 13,500 TEU container vessels being built for China Shipping Container Lines (CSCL). Four generating sets are needed for each vessel, making a total of 32 sets in all






 
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