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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.

Port of Hamburg Reports Cargo Downturn

(Photo: HHM / Peter Glaubitt)

Germany’s largest universal port reported the effects of weakened Chinese foreign trade plus the steep downturn in trade with Russia during the first nine months of the year. Totaling 104.6 million tons, seaborne cargo throughput in Hamburg was down 4

Idling Fleet Continues to Surge

Stats by Drewy

 Owners are rapidly laying up containerships as the market slows. The size of the idle fleet will get bigger while rates and profits slide, says Drewry Shipping Consultants Limited.   The number of idle container vessels has gained momentum in November and hasjumped 52 percent from

Evergreen Line Orders Ten 2,800 teu Ships

Photo: Evergreen Shipping Singapore

 Taiwanese shipping company Evergreen is ordering ten 2,800 TEU container ships from Japanese shipbuilder Imabari Shipbuilding Co.,Ltd and compatriot CSBC Corporation.   The deal between the companies is to buy 10 new 2800 TEU container vessels. The Contract value is $390mln.  

Euroseas Sells C/V Marinos

CV Marinos Courtresy Euroseas

  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 Marinos (a 1,599 TEU Container vessel, built in 1993) to an unaffiliated third party (the

MacGregor Hatch Covers for Six Boxships from Japan

Hatch cover courtesy MacGregor

  MacGregor, part of Cargotec, has signed a contract for the design and delivery of key components and the fabrication of steel structures for the hatch covers on board six 14,000 TEU container vessels under construction at Japan Marine United's (JMU) Kure shipyard

Container Shipping: Volumes Up, But...

Graph: BIMCO

 The container shipping market may find comfort in the fact that global volumes were up by 1.1% in the first six months of 2015. Following a disastrous first quarter, all three months of the second quarter posted year-on-year increases. Behind the headline, though

Retailers Well Stocked as Holidays Approach

Photo: Alex Sergienko

Import cargo volume at the nation’s major retail container ports is expected to increase 3.3 percent this month over the same time last year as retailers make final preparations for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail

Singapore Bunker Sales, Container Volumes Down

Photo: Government of Singapore

 Singapore’s September bunker fuel sales fell 10.3% in September on month but rose 9.3% on year to 3.85 million mt. The port of Singapore has recorded a fall in container throughput in September.   These finding are based upon the data released Tuesday by the Maritime and Port

Oil Leads Rotterdam’s 2015 Cargo Growth

Photo: Port of Rotterdam

The Port of Rotterdam reported a 5.4 percent increase in the amount of goods handled by the port for the first nine months of 2015, boosted largely by higher volumes of crude oil and oil product cargos.   "The growth is almost entirely due to the increase in the handling of crude oil

Port of Baltimore Sets Container Record in August

Photo: Port of Baltimore

 The Helen Delich Bentley Port of Baltimore handled a record 86,149 twenty-foot-equivalent units of total container volume in August as shipping volume continued to swell.   August volume of total containers, including empties, rose 12

MSC Silvia Joins Fleet


MSC Mediterranean Shipping Company today took delivery of the MSC Silvia, the latest of a brand new class of 9,400 TEU container ships from the leading ocean carrier. Following today’s inauguration ceremony in Shanghai, MSC Silvia will join the Empire service between the Far East and US

Yangzijiang Secures Two VLGC Orders

Image by Yangzijiang Shipbuilding

 The Singapore-listed and China-based shipbuilder Yangzijiang Shipbuilding has secured new orders worth $730m, including two very large gas carriers, between September and October.   The  two 84,000 cbm very large gas carriers (VLGCs) were ordered by Shanghai Zhenrong Energy.

Global Shipping in Doldrums

Photo: Maersk Line

 Wells Fargo Securities says that headwinds face global shipping industry and the continued overcapacity means freight rate gains are less likely to stick.   "Given the continued overcapacity headwinds and easing containerized trade demand

World-First, Dual-Fuel Container Ship Conversion

Pictured at the signing at Europort were (front, left to right) Dr Thomas Spindler (Head of Upgrades & Retrofits, MAN PrimeServ Four-Stroke) and Christian Hoepfner (Wessels Reederei GM); (back, left to right) Marcel Lodder (Project Engineer, Upgrade & Retrofit, MAN PrimeServ), Stefan Eefting (Vice President, MAN PrimeServ), Rainer Runde (Project Manager, Wessels Reederei), and Gerd Wessels (Managing Partner – Wessels Reederei)

  Wessels Reederei, the German shipping company, has signed a contract with MAN Diesel & Turbo at the Europort exhibition for maritime technology to retrofit the 8L48/60B main engine of its 1,000-teu container ship ‘Wes Amelie’ to dual-fuel operation

Cavotec Wins Port Equipment Orders

Photo: Cavotec

Press release- Global engineering group Cavotec has won five separate orders with a combined value of more than $9.6  million for some of its key innovative technologies, including the Group's MoorMasterTM automated mooring system and the new Automatic Plug-in System (APS)

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