Marine Link
Friday, March 29, 2024
SUBSCRIBE

Simatech Shipping News

16 Mar 2018

MPC Container Ships Acquires 5 Feeder Vessels from Simatech

Oslo based MPC Container Ships ASA said it has reached a deal to acquire five feeder containerships presently managed and operated by Simatech Shipping & Forwarding L.L.C., Dubai for a total purchase price of $41.9 million in cash.    MPC said it will establish wholly-owned subsidiaries to take over the five vessels, which include Sima Pride (1,201 TEU, built 2004), Sima Perfect (1,221 TEU, built 2005), Sima Prestige (1,221 TEU, built 2005), Sima Sapphire (1,440 TEU, built 2006) and Sima Sadaf (1,440 TEU, built 2007).   Physical takeover is expected in the first half of 2018, lifting the MPC Container Ships fleet to 64 feeder units.   MPC Container Ships was formed in April 2017 and owns and operates a portfolio of containerships between 1,000 and 3,000 TEU.

29 Feb 2016

Simatech Begins Coastal Shipping Service in India

Sima Marine, a subsidiary of Dubai-based Simatech Shipping, one of the largest container feeder servicing companies in the world operating 54 ships, has launched coastal container shipping services in India. The coastal container shipping service will operate from Kochi connecting Mangalore in Karnataka, Goa and Mundra in Gujarat. Simatech Shipping is one of the largest container feeder servicing companies in the world operating 54 ships with partners, including 15 of its own. For the exclusive coastal service operations in the country, the Indian subsidiary has also acquired two 1,500-TEU container vessels, Sima Godavari and Sima Narmada, which have already started their operations now. These ships are now sailing with Indian flag to work within the cabotage law.

18 Jul 2013

China Shipyard to Build New Sematech Container Ships

Company vessel: Image courtesy of Simatech Shipping

UAE-based Simatech Shipping has inked its first containership order after 8 years for up to four 4,350-TEU wide beam boxships with China‘s Taizhou Kouan Shipbuilding. The deal for the two firm orders and two optional vessels for delivery from the second half of 2015, marks a shift into a larger size of boxship for Simatech. Simatech chairman and chief executive Mohammad Maghami says the ships will be used in its existing China-India Services “the saving in bunker consumption was…

04 Jul 2013

Ship Newbuilding Market Remains Active

The newbuilding market has continued to remain active with various new orders being reported placed in a variety of the conventional sectors, including both the Dry, Container markets and PCTC’s, reports the Clarkson Hellas S&P Weekly Bulletin. In the dry bulk market we continue to see a steady stream of orders surfacing in the handymax sector, whilst the other sectors have seen a range of sizes being contracted. In Dry: clients of Spar shipping are reported to have placed an order at Hantong Shipyard for a pair of SDARI Dolphin 64K bulkers. These vessels follow a variety of ultramax orders at the yard this year and are expected to deliver in 1H 2015, pricing stands in the region of USD 25 Mill.

31 Mar 2010

East Africa Joint Service Launches

Evergreen Line, Wan Hai Lines Ltd (WHL), and Simatech Shipping have agreed to operate an East Africa Service (EAF) with three ships of 1,200 TEU capacity. Evergreen, WHL, and SSF will each operate one vessel. The East Africa (EAF) service will have the following port rotation: Colombo - Mombasa - Dar es Salaam - Colombo The first EAF sailing is scheduled to commence from Colombo on May 11, 2010.

23 Oct 2003

Evergreen to Offer Joint Service in Middle East Market

Global container carrier Evergreen will commence a joint service on November 4 with Simatech Shipping for a weekly service covering following rotation: Port Kelang - Singapore - Nhava Sheva - Dubai -Jebel Ali Bandar Abbas - Mundra - Nhava Sheva - Port Kelang The service will utilize four 1,100-TEU container vessels, three from Simatech and one Gallant Wave--from Evergreen, for a 28-day transit time schedule. For Simatech, founded in Dubai in 1992 by the Iranian ILS group, it is its first trade route outside of the Middle East/Indian sub-continent.