CP Ships Limited
welcomed into service the first of nine 4250 teu containerships ordered two years ago.
The ship was formally named CP Kanha after one of India's best-known
national parks by Mrs Poonam Puri, wife of Vaishnav Puri, who heads CP Ships'
commercial activities in India.
The naming ceremony took place at the Jawaharlal Nehru Container Terminal
in Nhava Sheva.
CP Kanha operates between US East Coast and West Asia and will be joined
by sister ship CP Corbett, also named after a well-known Indian national
when it is delivered in January 2006. CP Ships is also considering deploying a
third sister ship in this service during second quarter 2006.
"With the arrival of CP Kanha, we are demonstrating to our customers our
firm commitment to service excellence, including faster transit times,
increased capacity to accommodate volume growth and greater service efficiency
overall," commented Juan Manuel Gonzalez, Executive Vice President Commercial.
CP Kanha is the first of nine ships being long-term chartered from
Seaspan Container Lines. The remaining eight, including CP Corbett, are
currently under construction at Samsung Heavy Industries (010140.KS)
in Korea. They are on
schedule for delivery between first quarter 2006 and second quarter 2007. CP
Ships already has 11 similarly sized ships in its fleet, bringing the total to
21 by second quarter 2007.