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 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 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
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 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 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.
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 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 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
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.
FSL Trust Management Pte. Ltd., as the trustee-manager of First Ship Lease Trus, announced that the Trust has completed the disposal of Ever Radiant and Ever Respect for a cash consideration of approximately $10,800,000. Ever Radiant and Ever Respect are Japanese-built, 4
Containership owners have experienced some tough times in recent years, and early in 2015 it looked as if things might at last be on the up, says Clarksons Research. However, last year proved to be the classic ‘game of two halves’
Container vessel capacity delivered in 2015 has reached a new record as 212 new cellular containerships, with a total capacity of 1,714,860 teu, have joined the global fleet over the course of this year, according to Alphaliner Research.
Euroseas Ltd., owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced the sale of several vessels, as well as the refinancing of a newbuild and six older ships.
CMA CGM is testing the ability of the U.S. West Coast ports to handle the biggest containerships – are they ready? U.S. West Coast ports are not yet in a position to handle 18,000 teu containerships regularly and have much work to do in terms of improving productivity if they
UASC and Lukoil Marine Lubricants enter into lubricant supply agreement for newbuilding program Container shipping line United Arab Shipping Company (UASC) and the Dubai-based marine lubricant specialist Lukoil have signed a lubricant supply agreement covering vessels from UASC’s
Global Ship Lease, Inc has completed the sale of its 1997-built, 4,113 TEU containership, Ville d'Orion, following redelivery from its previous charter. The vessel was sold for $328.25 per ldt, for estimated net proceeds of $4.5 million.
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
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
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
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
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
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.
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.
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