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Teu Containership

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 $2.5 billion and its backlog orders stands at $6 billion.


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


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 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.


Flender Werft Books Three More Contracts

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


Hapag-Lloyd Orders Two Ships

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.


Danaos Receives New Containerships

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


LR to Class First 10,000 TEU Containership

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.


Flender Werft Receives Containership Orders

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.


Samsung Wins $400M In Contracts

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


Matson Raises 2015 Westbound Hawaii Box Rates

Matson, Inc., a U.S. carrier in the Pacific, announced that Matson Navigation Company, Inc. (Matson) will raise its rates for the company's Hawaii service by $225 per westbound container and $110 per eastbound container, effective January 4, 2015.  


Matson Raises Guam, Micronesia Rates

Matson, Inc., a U.S. carrier in the Pacific, announced today that Matson Navigation Company, Inc. will raise its rates for the company's Guam/Commonwealth of the Northern Marianas Islands (CNMI) and Micronesia services by $225 for both westbound and eastbound containers, effective January 25, 2015


HHI Names World’s Largest Containership

CSCL Globe on sea trials (Photo: HHI)

The world’s largest containership was named at a ceremony held by builder Hyundai Heavy Industries Co., Ltd. (HHI) this week. The ship, named CSCL Globe, is the first of five 19,000 TEU containerships for China Shipping Container Lines (CSCL)


Hamburg Süd Christens San Class Containership

(l-r) Stefan Kirschner, Captain Nihat Ogun Eginlioglu, Sponsor Wietske Willemijn Wage, Peter Frederiksen, Silke Sehgal, Michael Britton and Konstantin Oetker (Photo courtesy of Hamburg Süd)

Hamburg Süd yesterday christened another containership in its San class, as the official naming ceremony of the newbuild San Clemente was held at the Marina Bay Cruise Center in Singapore, with customers and business partners. The San Clemente is one of Hamburg Süd’s series of


Seaspan Acquires 6th 10K TEU Boxship

SEASPAN SPANNING THE OCEAN HIGHWAYS

  Seaspan Corporation announced today that it accepted delivery of a 10000 TEU containership, the MOL Breeze. The new containership, which was constructed at Jiangsu New Yangzi Shipbuilding Co., Ltd., is Seaspan's sixth 10000 TEU SAVER design containership delivered in 2014


Seaspan Receives 5th 10K TEU Boxship

Logo

 Seaspan Corporation announced yesterday that it accepted delivery of a 10000 TEU containership, the MOL Brightness.   The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd. using Seaspan's fuel-efficient SAVER design


Danaos Corp. 3Q & 9M Results

Danaos Corporation

Danaos Corporation, a leading international owner of containerships, today reported unaudited results for the period ended September 30, 2014. Highlights for the Third Quarter and Nine Months Ended September 30, 2014: * Operating revenues of $139


Global Ship Lease Buys Containership from OOCL

Global Ship Lease, Inc. took delivery of a 2005-built, 8,063 TEU containership, the OOCL Tianjin. Upon delivery, the vessel commenced a timecharter back to the seller, Orient Overseas Container Lines Limited (OOCL), for 36 to 39 months at a rate of $34,500 per day


Diana Containerships Takes Delivery of YM Great

Diana Containerships, a global shipping company specializing in the ownership of containerships, has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v “YM Great”, a 2004-built Post-Panamax container vessel of 5


Global Ship Lease to Acquire Containership

Global Ship Lease, Inc. has  announced  that it has agreed to acquire a 8,063 TEU containership from a leading container liner company for a purchase price of $55 million. The 2005-built vessel is expected to deliver in the fourth quarter of 2014


Post-Panamax Ship Delivered to Diana Containerships

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, today announced that, through a separate wholly-owned subsidiary, it took delivery of the m/v YM March, a 2004-built Post-Panamax container vessel of 5


Drewry Publish Latest Reefer Shipping Report

Report frontispiece: Image DMR

Drewry Maritime Research advises that it has just published it's latest Reefer Shipping report, which has new and improved content on the containerised segment of the market, providing a balanced analysis of the whole market, both specialised and containerised.


Gibdock Rreputation Rises in German Market

Richard Beards, Managing Director, Gibdock

Gibdock has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent client list reads like a ‘Who’s Who’ of leading German shipowners and managers


More German Shipowners Look to Gibdock for Repairs

Richard Beards: Photo Gibdock

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent client list reads like a ‘Who’s Who’ of leading German shipowners and managers


Hyundai Heavy Industries Develops HiCASS

HHI’s engineers are testing the Hyundai Intelligent Collision Avoidance Support System

Hyundai Heavy Industries Co., Ltd. (HHI) announced today that it developed Hyundai Intelligent Collision Avoidance Support System (HiCASS) for the first time in Korea to ensure safe and optimum navigation of the vessels. The system searches the optimum sea routes and prevents collisions by






 
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