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World 19S Largest

UASC calls at DP World London Gateway with Record Load

The sunsets on another day at London Gateway. Photo:  DP World

 DP World London Gateway has welcomed one of the world’s largest container ships carrying a record 18,601-teu. The UASC-owned Al Muraykh called at DP World London Gateway to unload 3,800 containers.   Al Muraykh, a new generation of ultra-large container ships, is one of the largest in the world measuring 400 metres in length.   The containers are loaded 11 storeys high above deck and 23 containers across the ship. With thousands more stowed below deck, the ship can carry up to 18,800 containers.   The ship left Malaysia’s Port Klang carrying more shipping containers than any vessel on record and arrived at DP World London Gateway Port as its first port of call in Europe.   Many of the goods being unloaded will be on the high streets of the UK in the coming days for the January sales.   The vessel’s ability to transport large volumes of containers to the UK means the average CO2 output per container is 60% less than any other ship, making the transportation of goods more sustainable.   DP World London Gateway Hub is located closer to key population centres reducing time and costs in UK supply chains.   “We are extremely proud to have achieved a world record breaking load on board Al Muraykh, the greenest vessel in the world and one of the largest in operation today,” said Waleed Al Dawood, chief operating officer at UASC


Sizing Up The World’s Shipping Companies

Graph: Clarksons Research

 Shipping is a truly global industry with owners based all over the world, says Clarksons Research. Interestingly, ownership is also very fragmented with over 90,000 vessels owned by more than 24,000 shipowners, with an average of around four ships per owner.    While there are a multitude of small owner companies, the relatively limited number of owners with very large fleets also exert a significant influence in today’s shipping markets.  


Last Liberty Ship Leaves James River Reserve Fleet

Arthur M. Huddell is bound for Greece

The Department of Transportation announced that the last of ’s famous ships, the Arthur M. Huddell, will be towed from the James River Reserve Fleet site at , , to , on July 28, to prepare the World War II-era vessel for a cross-Atlantic tow to its new homeport in .  Greek officials say the ship will become a merchant marine museum of that nation’s shipping industry. While in , the Huddell will be berthed at the W3 Marine facility while the cross-Atlantic tow-prep is


Pension Fund Set to Scrap Plan to Bid for Daewoo

AFP reported that 's state pension fund is likely to scrap plans to bid for Daewoo Shipbuilding because of global financial turbulence. The National Pension Service the world's fifth largest, had been in talks with POSCO, GS Group and Hanwha Group to find a partner for the acquisition of Daewoo Shipbuilding. Hyundai Heavy Industries, the world's largest shipyard, is also interested in Daewoo Shipbuilding, the world's third biggest yard.


Cosco, China Shipping Mega Merger Deal May Get Green Signal Soon

Photo: China COSCO Dry Bulk Shipping

 The merger deal of China’s two shipping gianst China Ocean Shipping Co., or Cosco, and China Shipping Group that could create the world’s fourth largest container operator is expected to get approval by Chinese government by January, reports WSJ.   The companies have been working out a deal for months, centered on combining the two companies’ container-shipping units. They are also looking into merging tanker, dry-bulk and port operations, the people said. 


Lifted Iran Sanction Frees Up $2.8 Bln in Tanker Tonnage

Image: VesselsValue.com

 With recent news that sanctions against Iran are to be lifted, the world tanker fleet is due to see an additional 14.1 million DWT of Iranian tankers freed to trade globally. This tonnage is valued today at nearly $2.8 billion, according to VesselsValue.com.   VesselsValue.com ranks Iran’s VLCC fleet eighth in the world by value, behind Greece, China, Japan, the U.S., Singapore, Saudi Arabia and South Korea


Shell, BP 2005’s Leading Oil Tanker Hirers

Royal Dutch Shell plc and BP plc, Europe’s largest energy companies, were the leading hirers of oil tankers last year as crude prices rose to records. Shell hired 762 crude oil tankers for single voyages in 2005, accounting for 7.5 percent of the global total, according to figures compiled by New York-based shipbroker Poten & Partners. BP rose from fifth in 2004 to second, with a share of 4.9 percent. Exxon Mobil Corp, the world’s top energy company, came third in the survey.


Report: Three Carriers Dominate TransAtlantic Trade

Three new carrier groups now control 58% of the total capacity in the transatlantic container trade, according to World Liner Supply, a new quarterly report from the compairdata.com on-line shipping database. The fourth quarter 2000 issue of World Liner Supply shows that the merger of services and the combination of smaller carrier groups has led to a substantially higher market concentration in the North America/northern Europe container trade.


China to Build World's Largest Repair Facility

China Ocean Shipping, China’s dominant maritime firm, is investing Yuan2bn in what is envisioned to become the largest shiprepair facility in the world. The base will be in the Zhoushan archipelago in Zhejiang province, two hours’ steaming from Shanghai, which is likely to become the world’s biggest port in the coming decade providing plenty of repair work, particularly for very large crude carriers and containerships


This Day in Naval History - Nov. 29

From the Navy News Service 1775 - Capt. John Manley in schooner Lee captures British ordnance ship Nancy with large quantity of munitions. 1890 - First Army-Navy football game (Navy won 24-0). 1929 - Cmdr. Richard Byrd makes first flight over South Pole. 1944 - USS Archerfish (SS 311) sinks Japanese carrier Shinano, world's largest warship sunk by any submarine during World War II.


Hyundai Heavy Union on Path to Strike

An LNG vessel being built at Hyundai Heavy Industries in Korea. Photo Credit: HHI

 The labor unions of Hyundai Heavy Industries (HHI) downed tools in their first full strike since 1994, in protest to a sweeping restructuring plan that includes spinoff all non-shipbuilding operations as well as shutdown of a dock in Gunsan in southern coastal region.   


Vessel Losses: Is Shipping Resuscitating Its Record?

Graph: Clarksons Research

 Safety at sea has improved significantly in the past twenty years, with losses of large merchant vessels becoming a relatively rare event, says a report from Clarksons Research.   Whilst casualties appear to be more common among older and smaller vessels


Russian flagged vessels in Russia to be managed by V. Group

Photo V. Group

V.Group has taken its first Russian flagged vessel into full technical management following earlier successful accreditation of the St.Petersburg office from the Russian Register. The ship management services, which will be delivered by V.Ships operations in Limassol and BGI crewing operations in


ISS wins global Hurtigruten contract

ISS has won a global port agency contract with Hurtigruten, a world leader in expedition travel Photo ISS.

Inchcape Shipping Services (ISS), the world’s leading maritime and logistics service provider, has won a global port agency contract with Hurtigruten, a world leader in expedition travel. The new business sees ISS providing Hurtigruten with port agency services across the globe for up to


Fincantieri, Ferretti Group join forces

Fincantieri and Ferretti Group today announced they have signed a wide-ranging co-operation agreement , with the aim of developing industrial and commercial synergies between the world's two leading Italian companies in their respective sectors.


Kelvin Hughes radar for RN's River-class OPVs

A world leader in the design and manufacture of navigation and security surveillance radar, Kelvin Hughes announced in April 2015 that it had been selected to supply its SharpEye systems for the new Batch 2 River-class offshore patrol vessels (OPVs) - HMS Forth, HMS Medway and HMS Trent.


DP World Cleared of Misconduct over Djibouti Terminal

File Image: A DP World Port Terminal (CREDIT: DP World)

The London Court of International Arbitration has cleared DP World, one of the world's biggest port operators, of all charges of misconduct over a concession to operate a container terminal in Djibouti, Dubai's government said on Tuesday.  


Saudi Aramco Selects Lead Underwriters for $100 Bln IPO

Oil giant Saudi Aramco has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters on the firm's planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.  


Marine Professionals commemorates 20th anniversary

MPI 20th Anniversary Logo

Marine Professionals Inc. (MPI) is marking its 20th year in business, kicking off a year-long commemoration with a new celebratory logo and a secondary, complementary visual.  The anniversary logo symbolizes MPI’s success over the past 20 years


Indiana Ports set Quarterly Tonnage Record

The port of Indiana, Jeffersonville (Photo: Ports of Indiana)

The Ports of Indiana handled nearly 3.9 million tons of cargo during the fourth quarter of 2016, the highest quarterly shipment total in the organization's 55-year history.   The total surpassed the ports' previous quarterly record set in the second quarter of 2015 by 300,000 tons


APM Terminals Pipavav welcomes its largest RoRo carrier

APMT Hoegh Tracer Photo APM

APM Terminals Pipavav welcomed the Hoegh Tracer, one of the world’s largest pure car and truck Carrier (PCTC), and the largest to ever call an Indian port. At 14 decks high, the Hoegh Tracer has a capacity of 8,500 vehicles, and loaded 1


MacGregor's Ship-to-ship compensation system Launched

ShipToShip Compensation System Photo MacGregor

MacGregor, part of Cargotec, has launched a new crane compensation system for offshore ship-to-ship load transfers, offering substantially larger operating windows as well as safer and faster load transfers.   "This robustly-tested technology can offer considerable commercial


Ultramar Takes Delivery of Catamaran Ferry

Ultramar Takes Delivery of High-End 48m Catamaran Ferry Photo Incat Crowther

A high capacity 48m catamaran passenger ferry Ultramar has been delivered to the Mexican operator Ultramar.   Designed by Incat Crowther and built by Midship Marine in Louisiana, Ultramar is specifically designed for the operator’s busy Playa de Carmen – Cozumel run


ClarkSea Index: Shipping Markets Under Severe Pressure

Graph: Clarksons Research

 With the ClarkSea Index around $9,000/day, and many if not most of the major shipping markets under severe pressure, it’s hard to escape the conclusion that the shipping markets are a tough place right now, with limited pickings to share between owners.   


New Orleans Port welcomes its longest ship, Equinox

Celebrity Equinox Photo Port of New Orleans

The longest and one of the most premium cruise ships ever to dock in New Orleans will sail into the Port’s Julia Street Cruise Terminal Sunday, Feb. 26, just in time for the finale of Mardi Gras festivities.   The Celebrity Equinox, a 1,041-foot cruise ship christened in 2009






 
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