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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


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.


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


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.  


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


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.


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.


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


Hanjin’s Subic Shipyard Wins Bid for Six Boxship

Hanjin Heavy Industries & Construction’s (HHIC) Philippines-based Subic Shipyard Courtesy HHIC

  HANJIN Heavy Industries & Construction (HHIC)-Phil’s Subic Shipyard hit the jackpot bids. On April 20, the company said that it signed a deal to build six 11,000-TEU containerships for European and Asian shipping companies.


Hapag-Lloyd Orders 5 Ships for More Panama Canal Trade

Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in Latin America ahead of next year's planned expansion of the Panama Canal, the world's fourth biggest player said on Monday.   Workers are installing 22-storey lock gates to accommodate


Kamarajar Port Posts 10.7% Growth, Plans Free Trade Warehousing Zone

Pic by Kamarajar Port Limited (KPL)

 Throughput at Ennore-based Kamarajar Port Ltd increased 10.6 per cent in 2014-15 to 30.25 million tonne as against 27.34 mt registered during the previous year.    The port has posted a 5 percent growth in pre-tax profit to Rs 421.47 ($70 million). Operating income was up 12


Imports Rising as West Coast Ports Recover

File photo: MARAD

Import cargo volume at the nation’s major retail container ports is expected to rise 8 percent this month over the same time last year as West Coast ports continue to recover from a backlog of cargo that built up before a tentative new labor agreement was signed


CMA CGM Makes Jamaica its Caribbean Hub

Photo: A Gilbert Bellamy

The CMA CGM Group announced that Farid T. Salem, CMA CGM Group Executive Officer, signed on April 7, in Kingston – Jamaica, an agreement with the Port Authority of Jamaica granting the CMA CGM Group the concession of Kingston Container Terminal for 30 years


OOCL Orders Six Ultra-Large Container Ships

Pic: Orient Overseas (International) Limited.

 Orient Overseas (International) Ltd. has placed a new order for six mega 20,000 teu container ships from South Korean shipbuilder Samsung Heavy Industries Co. for US$951.6 million.   Orient Overseas, controlled by the family of former Hong Kong chief executive Tung Chee-hwa


Hamburg Süd Christens Third San Class Ship

Christening in Montevideo: (left to right) Captain Uwe Köhler, Roland Maier, Sponsor Elisa Maier and Frank Smet, member of the Hamburg Süd Executive Board (Photo: Hamburg Süd)

Hamburg Süd christened its third container vessel in the new San class yesterday, officially naming newbuild San Vicente at the Cuenca del Plata terminal in Montevideo.   The new ship class in the Hamburg Süd fleet has a nominal container slot capacity of around 9


25,000-TEU Ships Possible, Not Practical

Pic by Maersk Line

 Maersk Line CEO Soren Skou said ships with capacities of 25,000 twenty-foot-equivalent units are possible but not practical today, and that he expects 18,000-19,000-TEU container ships to remain the largest afloat for years to come, according to a report in JOC.  


MAN Diesel & Turbo Reports ME-GI Milestones

ME-GI engine (Image: MAN Diesel & Turbo)

100 Orders received for ME-GI; second ME-GI engine dispatched by engine builder after successful Factory Acceptance Testing   MAN Diesel & Turbo reports that its ME-GI engine has now received more than 100 orders. FLEX LNG announced on February 2 that two-stroke slow-speed ME-GI main


Container Ships: 2014 Saw High and Low Scrapping

Image courtesy: The International Chamber of Shipping (ICS)

The container segment was one of the big surprises during 2014 with a very high scrapping activity in the year’s first half and a dwindling low one in the second, says the Baltic and International Maritime Council (BIMCO)   


Gerda Maersk Make Maiden Call at Slovenia's Koper

Luka Koper (Image by Port Authority)

 Slovenia's Luka Koper port welcomed its largest container ship to date, as the 367 metre Gerda Maersk moored on Tuesday, just weeks after completing a long-awaited deepening of its seabed to allow larger ships to dock.  The Gerda Maersk weighing 10


Wärtsilä Gensets for Five New Box Ships

Five new COSCO container vessels will be equipped with twenty Wärtsilä Auxpac 32 generating sets. (Photo courtesy of COSCO)

Five new 14,500 TEU container vessels being built for China Ocean Shipping Group (COSCO) will be powered by 20 Wärtsilä Auxpac 32 generating sets. The ships are under construction at the Hudong-Zhonghua Shipbuilding Group yard in China


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


Vestdavit Launches Multi-boat Handling System

Image courtesy of Vestdavit

Norway-based boat handling system and specialized davit supplier Vestdavit has designed a new multiple-boat handling system which aims to make boat handling safer and simpler in the hangars and mission bays of warships, seismic craft and expedition yachts


DP World's Volumes 8.9% up in 2014

Image by DP World

 Dubai-based marine terminal operator DP World Limited says it handled 60 million TEU across its global portfolio of container terminals in 2014, with gross container volumes growing by 8.9%.  The ports operator said growth was driven by the Asia Pacific and Indian subcontinent regions






 
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