Hyundai Heavy Industries Co. won $400 million in orders from Greece to build five containerships and four bulk carriers. Hyundai Heavy said the 5,500 TEU containerships will be delivered to Greece's Costamare Shipping Co. between late 2000 and the first half of 2001. The bulk carriers, all 75,000-gt class, are scheduled for delivery to Arcadia Shipmanagement Co. of Greece by the end of 2001. Hyundai Heavy said with the orders from Greece its shipbuilding orders this year rose to $2.5 billion and its backlog orders stands at $6 billion.
Danaos Corporation agreed with China Shipbuilding Trading Company Limited the upgrading of its earlier order for four 6,800 TEU containerships to four 8,400 TEU vessels and signed the amendments to the relevant shipbuilding contracts. These vessels will be built by the Shanghai Jiangnan Changxing Heavy Industry Company Limited and are expected to be delivered to Danaos during 2010. The total capital expenditure commitment for this project is in the region of $500 million and is expected
Three shipbuilding contracts exceeding 400 million DM became effective last week at Lübeck, Germany based Flender Werft. The contracts include a RoRo passenger ferry for Smyril Line of the Faroe Islands, which will be built in accordance with the plans and documents of Flensburger Schiffbau-Gesellschaft. In addition, a pair of 3,600-TEU containerships will be built for Hamburg-based shipowner Claus-Peter Offen. These newbuildings will be initiated directly following the Superfast Ferries
Seaspan Corporation announced the delivery of its 22nd vessel, the Maersk Marystown, a 4800 TEU containership built in 1989. The vessel was purchased from A.P. Moller Maersk A/S and will be time chartered back to APMM for five years from delivery. APMM has options to extend the charter by up to four years from the end of the firm charter period. The Maersk Marystown, formerly named the Maren Maersk, is the third of four sister vessels to be purchased from and chartered back to APMM.
Danaos Corporation (NYSE: DAC) announced that it has taken delivery of all five 2,200 TEU containerships; a deal which was announced back in July. The vessels were delivered as follows: the Hyundai Vladivostok, on July 23, the Hyundai Advance, on August 20, the Hyundai Stride, on September 5, Hyundai Future On October 2, and the Hyundai Sprinter October 15. 2007, all chartered to Hyundai Merchant Marine for 10 years. Further, according to plan, the 4,253 TEU YM Seattle and the 4
Hapag-Lloyd ordered two 8,600 TEU containerships from the South Korean shipyard Hyundai Heavy Industries for delivery in spring and autumn 2007. The newbuildings will have a length of 335m, width of 43m and draught of 14.50m and be able to carry 8,600 standard containers (TEU). They will have a speed of 25 knots. It is planned to deploy the vessels between Europe and the Far East. Hapag-Lloyd released no details on the construction costs.
South Korea's Samsung Heavy Industries won $400 million in ship orders from companies in Greece and Germany. Samsung received an order to build four 300,000 dwt VLCC from Greece's Helespont Shipping for $280 million. It also received an order from Germany's Nordcapital Corp to build two 5,750 teu containerships worth $120 million. Samsung said it will deliver the ships to the two companies by the end of 2001. Samsung said its shipbuilding orders have reached $2
Hamburg-based shipping company, Claus-Peter Offen has placed a double order (with an option for one more) with Flender Werft Aktiengesellschaft for the construction of 3,600 teu containerships. The vessels, which will measure 804 ft. (245 m) with a depth of 64 ft. (19.4 m) and a draft of 41 ft. (12.5 m), will have a dwt of 44,000. Able to move at more than 24 knots, the vessels will be propelled by a MAN engine with 32,500 kW.
Matson Signs $17m Contract with Atlantic Marine Alabama for C-9 Conversion Matson Navigation Company, Inc. (Matson) has signed a $17m contract with Atlantic Marine Alabama, LLC to perform work related to the conversion of Matson’s C-9, MV Mokihana, to a combination RoRo and container vessel. Modification work on the 2,800 TEU containership will commence in April 2007 at Atlantic Marine’s shipyard in Alabama, with delivery scheduled for June 2007.
Lloyd’s Register is to class the world’s largest declared capacity container ships – four 10,000 teu vessels, to be built in Korea at Hyundai Heavy Industries for China Ocean Shipping Corporation (Cosco). The vessels will be delivered between late 2007 and mid-2008. Each of the ships will measure 1,145 x 149.6 x 90.8 ft.(349 x 45.6 x 27.7) and is powered with a 12-cylinder 94,000 hp engine driving it to 25.8 knots.
Diana Containerships Inc. has taken delivery of the m/v “Hanjin Malta”, a 1993-built Panamax container vessel of 4,024 TEU capacity. The Hanjin Malta is time chartered to Hanjin Shipping Co. Ltd., Seoul, for a period of minimum thirty-six and a half months to maximum thirty-eight
China Rongsheng Heavy Industries release financial results for the twelve months ended 31, December 2012. In 2012, the Group recorded approximately RMB 7.96 billion in revenue, a year-over-year decrease of 50% from RMB 15.9 billion. Losses attributable to equity holders of the Company were RMB
Hyundai Heavy Industries (HHI) announced the Company won a $700 million order for five 18,400 TEU containerships from China Shipping Container Lines (Hong Kong) Co., Ltd. The world’s largest containerships will feature an electronically-controlled main engine and two EcoBallast seawater
On Thursday, May 2, 2013, Reederei Hamburger Lloyd took command of the third of four 4,600 TEU Containership Newbuildings (hull No. H1025A) from CSSC Shanghai, Jiangnan Changxing Heavy Industry Co., Ltd. Another vessel of the same type (No. H1026A) is expected to follow in August this year
Greece's Danaos Corporation has completed its new-building program with the delivery of a fifth & final 13,100 TEU vessel Danaos Corporation, containership owners, announced that on June 29, 2012, it took delivery of its fifth and final 13,100 containership, the HYUNDAI AMBITION
Greece-based Paragon Shipping fix Panamax, Supramax, bulk carriers on time charter Paragon Shipping Inc. has signed fixed rate time charter agreements for two of its vessels, M/V Diamond Seas and the M/V Sapphire Seas The M/V Diamond Seas, a 2001 built 74,274 dwt Panamax bulkcarrier
Global Ship Lease, Inc. signs new time charters with CMA CGM for two 4,113 TEU containerships. The 1996-built Ville d'Aquarius and the 1997-built Ville d'Orion will be chartered for approximately eight months at a rate of $9,962 per vessel per day
Naming ceremonies held at Samsung Heavy Industries Shipyard for two 8,542 TEU L-class container ships built for Evergreen. Ever Laden, the second L-type containership of Evergreen Line, was christened by S.S. Lin, the Evergreen Group's First Vice Group Chairman
Costamare Inc report unaudited financial results for the third quarter and nine months ended September 30, 2012. Greek-based Costamere is a leading owner and provider of containerships for charter. The Company has a fleet of 57 containerships, with a total capacity of approximately 329,000 TEU
China Rongsheng Heavy Industries Group Holdings deliver their first container ship to a German owner. The new 6,500-TEU container ship measures 299.95 meters in length, 40 meters in breadth and 24.2 meters in depth. This latest delivery not only demonstrates a breakthrough of manufacturing
Paragon Shipping Inc. raises US$ 10-million working capital in sale of newly-issued shares to an entity affiliated to its own chairman. The Paragon Board agreed to sell 4,901,961 newly-issued shares of the Company's common stock to an entity affiliated with Mr
Maersk Londrina is a 8700 TEU containership built by Daewoo Shipbuilding & Marine Engineering Co., LTD (DSME) for A.P. Moller - Maersk A/S. According the shipbuilder, one of the biggest challenges during construction was to increase the height of the accommodation by 9m in order to achieve the
Seaspan Signs Newbuilding Contracts for Fuel Efficient SAVER Design 14,000 TEU Class Vessels at HHI Secures 10+2 Year Time Charters with Yang Ming Seaspan Corporation (NYSE:SSW) has announced that it has signed contracts for the construction of five 14
Seaspan Corporation orders 4 newbuild 10,000 TEU container ships and, buys 4 second-hand 4,600 TEU ones. Seaspan has signed contracts for the construction of four 10,000 TEU class newbuilding containerships, at Jiangsu New Yangzi Shipbuilding Co., Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co
As ship owners globally face the eventual mandate to install ballast water management technology onboard their ships – a refit which is touted as the most expensive equipment refit ever – Maritime Reporter & Engineering News in its February 2013 edition examines emerging