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
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.
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
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
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
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 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.
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.
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
Hanjin Heavy Industries, Corp-Philippines, Inc. (HHIC-PI), switched on the steel plate cutting machine that signaled the start of its production. The first steel cutting ceremony was held at the newly-built HHIC-PI shipyard at the Redondo Peninsula. The HHIC-PI constructed the shipyard complex inside the 480-hectare land area in the peninsula with a committed investment of $ 1 billion and is expected to create around 30,000 jobs.
The world's biggest container shipping company Maersk Line, a unit of A.P. Moller-Maersk, said it planned to raise freight rates on routes from Asia to northern Europe by $450 per 20-foot container (TEU). The new rates will take effect from Aug. 1, the company told Reuters in an email on Friday
Reportedly, shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 5.5 percent to $1,230 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.
With West Coast longshoremen still negotiating a new contract, retailers are bringing holiday merchandise into the United States at record levels to protect against potential supply chain disruptions, according to the monthly Global Port Tracker report released today by the National Retail
DNV GL inform that Maersk Line has started the implementation of ShipManager software, with pilot testing on five vessels. The installation of ShipManager on all the vessels in their self-owned fleet is scheduled for next year. According to DNV GL Maersk chose the ShipManager
Cargotec's MacGregor secures $50 million of orders for further high efficiency cargo handling solutions from Hyundai Heavy Industries (HHI) MacGregor, part of Cargotec, said it has received further orders, worth around $50 million, for optimized cargo handling systems from Hyundai Heavy
MAN Diesel & Turbo inform that licensee Doosan Engine has confirmed delivery of the world’s first dual-fuel, low-speed ME-GI engine to the American National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego, USA
Import volume at major U.S. container ports is expected to increase 7.5 percent in June as retailers bring unusually high quantities of merchandise into the country early to avoid any potential disruptions after the labor contract with West Coast dockworkers expires
Shipbuilding orders for drybulk carriers, tankships, containerships and a RoRo were placed in the past week according to 'Clarkson Hellas S&P Weekly Bulletin'. Dry bulk carriers Cara Shipping, the shipping arm of Chinese domestic company Rizhao Steel, has placed orders for two further 250
Acquisition of two 82,000 dwt dry-bulk carriers and long-term charters for 8,700 teu container vessels nnounced by Ship Finance International (SFL). Ship Finance International Limited announced the agreement to acquire two 82,000 dwt Kamsarmax dry-bulk carriers built in 2012
US Coast Guard Sector San Francisco advise that its personnel joined with CMA CGM – the third-largest shipping group – along with other local industry partners to test the Bay Area’s capability to tow ultra-large container vessels.
Another relatively quiet week with no reports of new shipbuilding orders in either the dry bulk and tankship markets, remarks Clarkson Hellas in its latest S&P Weekly Bulletiln. Gas carriers Odfjell Gas Carriers declared their options for four 22
Although the number of vessels being scrapped this year has increased dramatically, and looks set to continue rising, it is having little impact on the current excess of supply over demand where it matters most – in the East-West trades
Company says freight rates remain under pressure; blames tough competition, weak U.S. dollar. Pins hopes on G6 alliance, container merger with CSAV. German shipping company Hapag-Lloyd's first-quarter loss widened as its revenue declined, hit by tough competition which depressed freight rates
Due to shipper complaints about the length of time and cost of getting Indonesian goods to and from its home market, a new container terminal complex is being built near Jakarta which could transform the country’s economy, according to the latest report in Drewry's 'Container Insight Weekly'
The CMA CGM Group informed about the improvement of its ASAF service which will deploy 12 vessels of 5,700 containers (TEU) in direct service to West Africa starting May 9th thus becoming the first carrier with vessels of this capacity to call West Africa directly.