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Teu Containership

HHI Names 2 New Containerships in Ulsan

Naming Ceremony for Cezanne and Dali (Photo: HHI)

Hyundai Heavy Industries opens 2015 with the simultaneous naming ceremony of two 10,000 TEU containerships   Hyundai Heavy Industries (HHI), hailed the New Year by naming two 10,000 TEU containerships for a Greek shipping line, Oceanbulk Maritime SA.    The naming ceremony was attended by Spyros Capralos, chief executive officer of Oceanbulk; Nicos Rescos, chief operating officer of Oceanbulk; Yoon Moon-kyoon, chief operating officer of HHI’s shipbuilding division; and 44 other guests at HHI’s yard in Ulsan. At the simultaneous naming ceremony, the vessels were named after the famous French and Spanish painters, Cezanne and Dali respectively. Cezanne was delivered today and Dali is scheduled to be delivered at the end of March this year.   The containerships measure 300 meters in length, 48.2 meters in width, and 24.8 meters in depth with a service speed of 22 knots. HHI plans to deliver a total of 74 ships including 25 containerships this year.    HHI said it has won orders for 154 containerships of over 10,000 TEU since 2005 when it first won orders for four 10,000 TEU containerships from COSCO, China.  

Hyundai Wins Bulker, Containership $400M Deal

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

Danaos Upgrades Vessel Sizes

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

Great Ships of 2014: CSCL Globe - world’s largest containership

  1312 ft. long 19,000 TEU 69,720 kW Photos: HHI

Hyundai Heavy Industries Co., Ltd. (HHI) has built and delivered the world’s largest containership, the first of five 19,000 TEU containerships ordered from China Shipping Container Lines (CSCL) in May 2013. The first containership in the series was named CSCL Globe, and it measures 1312.3 ft. (400 m) x 192.3 ft. (58.6 m) wide with a 100 ft. (30.5 m) depth. It will be deployed on the Asia-Europe trade loop. The CSCL Globe will feature a Hyundai-B&W 12S90ME-C9

Seaspan Acquires 7th SAVER Boxship


  Seaspan Corporation announced today that it accepted delivery of a 10000 TEU containership, the MOL Beacon. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's seventh 10000 TEU SAVER design containership and first delivery in 2015. This is the twelfth 10000 TEU vessel using Seaspan's fuel-efficient SAVER design constructed at Yangzijiang. The MOL Beacon will commence an eight-year, fixed-rate time charter with Mitsui O.S.K

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. The shipyard won six 11,000-TEU containership orders additionally after successfully landing a deal to build three 26,000-TEU containerships early in this month. In all, it has won nine ship orders for the month, worth KRW 1.1 trillion.

Seaspan Accepts Delivery of Vessel

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.

World’s Largest Boxship is DNV GL classed

CSCL Globe is the world’s largest containership and will be deployed on the Asia-Europe trade loop. (image: Courtesy of CSCL)

CSCL Globe, the world’s largest containership and the first of a series of five 19,100 TEU containerships ordered by China Shipping Container Lines (CSCL) in 2013, has been named at Hyundai Heavy Industries (HHI) in Ulsan, South Korea.   All of the vessels in the series will be constructed to DNV GL class. “At DNV GL, we are very honoured to be part of this project. CSCL Globe represents not only the largest

Seaspan Accepts Delivery of 14,000 TEU Box Ship

Seaspan Corporation has accepted delivery of a 14,000 TEU containership new build, the YM Warmth. The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's sixth 14,000 TEU SAVER design containership and eighth delivery in 2015. The YM Warmth will commence a 10-year, fixed-rate time charter with Yang Ming Marine Transport Corp. Yang Ming may extend the charter for up to an additional two years.

Seaspan Acquires Sixth 14000 TEU Boxship

SEASPAN Spanning the Ocean Highways

  Seaspan Corporation  announced today that it accepted delivery of a 14000 TEU containership, the YM Warmth. The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's sixth 14000 TEU SAVER design containership and eighth delivery in 2015. The YM Warmth will commence a ten-year, fixed-rate time charter with Yang Ming Marine Transport Corp. ("Yang Ming"). Yang Ming may extend the charter for up to an additional two years

MAN’s Largest, Most Powerful Engine Leaves Test Bed

11G95ME-C9.5 engine during its shop test in Korea (Photo: Doosan)

Largest and most powerful MAN B&W-branded engine ever built approaches market debut   Doosan Engine has reported that the initial start of an MAN B&W 11G95ME-C9.5 two-stroke engine took place during October 2015 at its works in Korea, followed subsequently by a successful shop-test

Deal Struck for Dual-fuel Containership Conversion

At the signing at Europort - front left to right: Dr. Thomas Spindler, Head of Upgrades & Retrofits, MAN PrimeServ Four-Stroke; and Christian Hoepfner, Wessels Reederei GM; and 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

German shipping company Wessels Reederei 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 containership Wes Amelie to dual-fuel operation

Terminal Project to Allow 10,000 TEU Ships in the Black Sea

Construction of a deepwater berth at the NUTEP terminal in the Black Sea port of Novorossiysk has commenced. (Photo: Ruscon)

The construction of a deepwater berth at the NUTEP terminal in the Black Sea port of Novorossiysk will allow Russia to offer regular year-round ice-free calls for vessels up to 10,000 TEU for the first time. NUTEP, a subsidiary of DeloPorts and sister company to multimodal transport specialist

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

CMA CGM Christens 18,000 TEU Mega Ship

CMA CGM Georg Forster (Photo: CMA CGM Group)

The CMA CGM Group’s largest vessel, CMA CGM Georg Forster, was christened today in Hamburg, Germany.   The new ultra large vessel, a 398-meter-long, 18,000 TEU containership, is the second in a series of six vessels of the same size that will enter service for CMA CGM in 2015

New Energy-saving Windshield on MOL MARVEL

Windshield on MOL’s containership”MOL MARVEL”

  Mitsui O.S.K. Lines, Ltd. today announced that it has started demonstration tests of a new windshield for containerships, which has the potential to reduce wind resistance, save fuel, and reduce CO2 emissions. MOL jointly developed the device with MOL Techno-Trade, Ltd

Cosco's Ambitious $1.5Bln Megaship Plan

MV Cosco China. Photo: COSCO

Chinese shipping behemoth Cosco Holdings has confirmed it will order 11 container megaships for $1.5 billion, despite an estimated 30 percent overcapacity in container shipping having sent freight rates to levels that at times don't even cover the fuel cost of moving containers across oceans

Diana Containerships Adds Post-Panamax Ship

Diana Containerships Inc. announced it has taken delivery of the 2008-built Post-Panamax container vessel m/v Rotterdam yesterday through a separate wholly-owned subsidiary.   Diana Containerships entered an agreement to purchase the 6,500 TEU capacity Rotterdam in July

Seaspan Acquires Eighth Boxship


  Seaspan Corporation announced today that it accepted delivery of a 10000 TEU containership, the Maersk Guayaquil. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's eighth 10000 TEU SAVER design containership and seventh delivery in

Aker to Sell Product Tanker JV Interest

Aker Philadelphia Shipyard

  Aker Philadelphia Shipyard ASA announced today that its wholly-owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has entered into definitive agreements with a subsidiary of Marathon Petroleum Corporation (MPC) for the buy-out of APSI's interest in its joint venture with

Containership Aids Distressed Cuban Rafters

Philadelphia Express (Photo: Crowley)

The Crowley-managed, Philadelphia Express – a 3,237 TEU containership – recently provided assistance to nine Cubans on a makeshift raft adrift near Key West, Fla. As the vessel was steaming from Houston, Texas to Savannah, Ga., crewmembers spotted the floating object with people aboard

HHI Shows Smarter Way to Shipbuilding at KOMARINE 2015


  Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading integrated heavy industries company, announced today it teams up with its shipbuilding affiliates, Hyundai Mipo Dockyard (HMD) and Hyundai Samho Heavy Industries (HSHI), to participate in KOMARINE 2015

China Shipping 21,000 teu Order for SWS

Image: China Shipping Group

 China Shipping Group's CSCL has agreed a deal to bareboat charter up to 11 units of 21,000 teu containerships, of which five will be options exercisable after six months of charter for the first six ships, says local media reports.  

Seaspan Reports Strong Revenue Growth

Photo: Seaspan Corporation

 Seaspan Corporation, a large owner of containerships that charters vessels to liner companies, improved its revenue as well as net result in the first nine months of 2015, a development mainly attributed to new ships delivered this year, notes management.  

GSL in the Red

Image: Global Ship Lease

Global Ship Lease (GSL) has reported negative result for the third quarter of the year mainly due to impairment charges related to two vessels.   Company reported revenue of $42.18 million. The estimated revenue was of $39.92 million. Earnings per share were $0.08

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