Containership Scrapping Maintains Record Pace
Containership demolition has reached an all time high, providing a positive surprise for the struggling container shipping sector. “The demolition activity in the last three months’ surprised BIMCO positively and it exceeded our initial expectation based on the appalling 2015 demolition activity,” said BIMCO’s Chief shipping analyst Peter Sand. “It is important that the demolition of excess capacity comes sooner rather than later, as there is still a huge delivery schedule hanging over the container shipping industry for the rest of this year and well into 2017-2018,” Sand said.
Korean Yard to Build World's Largest Container Ship for CSCL
Hyundai Heavy Industries (HHI) say they have begun building the first of five 19,000 TEU container ships for China Shipping Container Lines (Hong Kong). HHI explain that the shipowner upgraded the original order for five 18,400 TEU containerships to ones capable of delivering 600 more containers, and thus these new ships will be the largest container ships ever built they claim. The new container ships will feature 77,200 bhp electronically-controlled main engines which will maximize fuel efficiency…
Hong Kong Ready for Mega Containerships
The Hong Kong Marine Department announced that the port is ready to handle the next generation of container vessels. Hong Kong port is capable of receiving the next generation of container vessels and Kwai Chung's alongside water depths are currently adequate to meet navigational requirements of large containerships, a spokesman for the Marine Department said. The assessment was reflected in a study, “Yesterday Evening and Tomorrow Morning of Container Fleet” conducted by the Marine Department earlier. The study confirms that Kwai Chung is able to serve not only large containerships currently in service, but also those expected to be in operation within the next few years.
North America Dominates Global Container Shipping Market
In terms of geography, North America dominates the global container shipping market . This is due to improved transportation services in this region, says a report from Persistence Market Research. The U.S. represents the largest market for container shipping followed by Canada in North America. In Europe, Germany, the U.K., Spain, Italy, and France hold the major share of the container shipping market. Asia is expected to witness high growth rates in the next five years, as many companies are constructing manufacturing facilities in this region.
Containerships Rebrands South Baltic Services and Agencies
Containerships is rebranding the South Baltic services and agencies built up under the Kursiu Linija name. From February 1, 2007 all Kursiu Linija services will be operated under the Containerships name. Containerships will also have its own agents in Lithuania and Latvia, under the names of Containerships Lithuania and Containerships Latvia. These replace UAB Arijus and Kursiu Linija Latvia. The Finland, Russia, Poland, Sweden service has also been enhanced from January 30, when the Carina made its first call in Klaipeda. She will add in Klaipeda into her rotation, which will then be: Helsinki - St. Petersburg - Klaipeda - Gdansk - Sodertalje.
MHI Kobe Shipyard’s Receives Orders
Mitsubishi Heavy Industries, Ltd. (MHI) has received consecutive orders for large size container ships from the Evergreen Group of Taiwan, one of the leading container transportation operators in the world. Since 1992, MHI has received orders for 38 container ships from Evergreen without a break, of which 32 ships have either been built, or are to be built at MHI’s Kobe Shipyard and Machinery Works, and six at Nagasaki Shipyard and Machinery Works. MHI Kobe has marked the launching of the 30th container ship for Evergreen on February 5, and christened as Hatsu Excel. Among Japanese shipbuilding companies, only MHI has recorded consecutive orders for 38 large size container ships from one ship owner.
Shipbuilding Company to Stay Busy Until 2012
Taiwan's CSBC has received orders for 11 container ships, which boosts CSBC's total orders to 67 ships, enough to keep CSBC busy until 2012, the company said on Tuesday. On Monday, CSBC signed a contract to build seven container ships for Taiwan's Yangming Marine, CSBC President Fan Kuang-nan told Deutsche Presse-Agentur dpa. The order, worth 800m, is for five 8,240-TEU container ships and two 6,600-TEU container ships, to be delivered before 2012. The Yangming order comes at the heels of a European shipping company's order for four container ships. CSBC president Huang signed the contract in Switzerland last week. It includes a firm order for four 1,700-TEU container ships worth $250m, with the option for two more. Source: Earth Times
ClassNK: Amendments to Rules of Container Carriers
PRESS RELEASE -- Classification society ClassNK (Chairman and President: Noboru Ueda) announced that it released amendments to its Rules and Guidance for the Survey and Construction of Steel Ships on 25 December 2015, including structural strength requirements of container carriers. In response to a large container ship casualty in June 2013, ClassNK established The Investigative Panel on Large Container Ship Safety, which comprised of shipbuilders, shipping companies, and people with relevant knowledge and experience, to investigate the possibility of casualty occurrence and the structural safety of large container carriers. The results…
Third 14,000 TEU Container Joins Seaspan
Hong Kong-based owner and operator of containerships Seaspan Corporation has taken delivery of a 14,000 TEU containership, the YM Winner. The new ship, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan’s third 14,000 TEU SAVER design containership and fourth delivery in 2015. The YM Winner will commence a ten-year, fixed-rate time charter with Yang Ming Marine Transport Corp. The ship is the third of a total of eight 14000 TEU SAVER design vessels to be chartered by Seaspan to Yang Ming. The delivery of the YM Winner expands the Company's operating fleet to 81 vessels.
Uni Asia Forms New Subsidiary and Buy a New Vessel
Uni-Asia Holdings Limited has acquired a new wholly owned Panama-incorporated company known as Fortuna Containership S.A. as a ship owning subsidiary for the purpose of acquiring a 3,500 TEU second hand containership. Fortuna Containership was incorporated in Panama on 20 May 2015 with an authorised share capital of US$10,000. As of the date hereof, the Company has paid in cash in full for the subscription of an issued and paid-up share capital of US$10,000 comprising 100 ordinary shares of US$100 each. The acquisition of Fortuna Containership was made with the Company's internal funds.
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. “The 10,000 teu container ships ordered by Cosco are the next step towards the 12,500 teu limit,” said David Tozer, Lloyd’s Register’s Business Manager - Container Ships. “Beyond 12,500 teu we expect that container ship and container terminal design will have to undergo significant change.
China Delivers Large Containership
According to Shanghai Daily, the delivery of China's first self-made 8530-TEU containership over the weekend officially makes China the fourth nation capable of building super large container ships. The ship was designed and built over six years by the Shanghai-based Hudong-Zhonghua Shipbuilding (Group) with full independent Chinese intellectual property rights. The ship measures is 335 x 42.8 x 24.8 m, able to carry 101,000 tons and sail at 25 knots. Previously, the largest container ship China built was the 5688TEU. (Source: www.shanghaidaily.com)
$67M Containership Order Logged
South Korea's Hyundai Merchant Marine placed a $67 million order for a containership with Heavy Industries. Hyundai Merchant said it had borrowed funds from foreign financial institutions at LIBOR plus one percent for the 5,700 TEU-sized order. The shipping and trading company, a unit of Hyundai Group, said the containership would serve Asia-Europe routes from 2003. It said it would also place more ship orders in the second half of this year, including two 4,700 TEU container ships.- (Reuters)
Yangzijiang to Benefit From Ship Orders: Merrill Lynch
Bank of America-Merrill Lynch said that it sees Yangzijiang Shipbuilding Ltd. benefiting from potential orders after a revival of interest from container shipping firms in larger vessels. The broker’s outlook came after reports that Taiwan's Evergreen, the world's sixth-largest container shipping firm, ordered 10 vessels with a capacity of 13,800 twenty-foot containers (TEU) each. "Evergreen Marine decided to lease ten 13,800-TEU container ships from Korea Infrastructure Investments Asset Management Co (KIIMA). KIIMA will place new build orders with Hyundai Heavy," the broker said in a report. Merrill has a buy rating on Yangzijiang's stock with a target price of S$2.12.
ClassNK Drafts Amendments to Containership Rules
Classification society ClassNK has released draft amendments to its rules and guidance for container carriers, with the aim of implementing more comprehensive rules for increased ship safety. The amendments were approved by the ClassNK Technical Committee in Tokyo on November 19. The ClassNK Technical Committee is made up of representatives from the shipping and shipbuilding industries as well as scholars and experts to discuss matters relating to the establishment and revision of technical rules and guidance.
Daewoo Shipbuilding Eyes Maersk Boxship Order
South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) is in talks with a unit of A.P. Moller-Maersk for a potential order to build ultra-large container ships, a DSME spokesman said on Monday. DSME is close to winning an order for some 11 container ships of 20,000 TEU (20-foot equivalent units) from Maersk for about $151 million per vessel or more, South Korean newspaper Korea Economic Daily reported last week, citing unnamed shipbuilding industry sources and foreign media. British shipbroking house Clarkson also confirmed the deal, which is worth $1.66 billion in total. The ships would be delivered in 2017, Clarkson said in a shipping industry report on Friday. The spokesman for DSME declined to confirm or deny other details, adding that nothing has been decided.
China-Made Vessel Delivered to CMA CGM
A large container ship produced by Shanghai Waigaoqiao Shipbuilding Co., Ltd. was delivered to leading French container shipping group CMA CGM on Saturday in Shanghai, reports Xinhua. The vessel is named "Zheng He" after the famous ancient Chinese navigator. Its a 18,000-TEU container ship, designed by China State Shipping Corporation. Zheng He is the largest China has ever made and its deck is as large as four soccer fields, the producer said. The ship is a seventh-generation container ship, manufacturing of which has long been monopolized by the Republic of Korea.
Syscorp Focuses on Domestic Routes
Shin Yang Shipping Corp Bhd (Syscorp) has shifted the focus of its container shipping business to domestic routes in the face of continued volatility in the international container shipping market, reports the Star. The leading Malaysian shipping company has realigned its focus to domestic container shipping routes with some 95% of its 14 container ships deployed on routes within Malaysia, group financial controller Richard Ling said. “A majority of these container ships ply Sarawak, Sabah and Peninsular Malaysia ports,” he told StarBiz.
Transas Awarded An Order For OOCL Container Ship Model
According to the order received from the global container transportation company, Orient Overseas Container Line (OOCL), Transas Marine will create a mathematical and visual model of the company's 75,000-ton container ship. OOCL will use the container ship model at its simulator training facilities in Zhoushan, China, where a Navi-Trainer Professional simulator from Transas was installed in early 2000. Transas will design the simulated model in full accordance with real characteristics of OOCL's vessels. This will give the container company's navigators the excellent opportunity to try the maneuverability of their ships and improve their navigating skills prior to embarking upon an actual voyage.
Philippine Shipyard to Build 10 Container Ships
Despite the current global economic slowdown, Hanjin Heavy Industries & Construction (HHIC)-Phil's Subic Shipyard has won a bid to build mid-size container ships for the first time this year. The shipbuilder recently announced that it has signed a USD 450 million contract to build ten 5,000TEU container ships (options included) with ship owners in Europe. These days, large vessels have been the mainstream in the container ship market with little demand for mid-size container ships (5,000TEU).
Container Shippers Join Forces for Safety
The Container Ship Safety Forum (CSSF) has been launched as a global business-to-business network that aims to improve safety performance and management practices in the container shipping industry. Founding members CMA CGM Group, Costamare Shipping Company S.A., E.R. Schiffahrt GmbH & Cie. KG, Hamburg Südamerikanische Dampfschiffahrts-Gesellschaft KG, Maersk Line, Rickmers Shipmanagement and Zodiac Maritime Agencies Ltd., have joined forces to improve safety performance through collaboration.
New Containership Rules and Guidance from Lloyd’s Register
Decade long, and ongoing, research program has developed a clearer understanding of the forces imposed on ship structures. Lloyd’s Register’s updated Containership Rules came into effect in July 2014 and these new rules are supported by Lloyd’s Register ShipRight Procedures covering whipping and springing analysis. Following the ShipRight Procedure will enable the granting of new Lloyd’s Register class notations ShipRight WDA – Whipping design assessment procedure, and ShipRight FDA (SPR) – Springing fatigue design assessment procedure, to enhance the response of ships’ structures that are subject to springing and whipping at sea. While the basic rules that underpin containership structural strength are well established…
Containerships Orders Dual-fuel Container Vessels
Finnish end-to-end cargo operator, Containerships, has ordered two additional new, state-of-the-art, dual-fuel engine-technology containerships. This follows an order announced earlier this year for two similar vessels. With the announcement, Containerships informed it will be the first shortsea container operator in Europe to run ships on LNG. “Our new ships will not just meet, but exceed all environmental standards in the Sulphur Emission Control Area (SECA) where we operate,” noted the CEO of Containerships, Kari-Pekka Laaksonen.