Teu News

WE Tech Solutions Oy was contracted by Mitsui & Co., Ltd. to deliver variable speed shaft generators for eight large container vessels built at Japanese shipyards.The eight shipsincluding four 5,800 TEU methanol dual fuel container vessels built at Tsuneishi Shipbuilding Ltd., are ordered and to be owned by Japanese controlled shipowners and to be time chartered to A.P. Møller-Mærsk A/S.

Wärtsilä will supply the methanol-fueled auxiliary engines for five new container vessels for COSCO Shipping Lines and seven new container vessels for Orient Overseas Container Line.Each vessel will operate with three 8-cylinder and two 6-cylinder Wärtsilä 32M engines. This is the Chinese maritime sector’s largest order to date for methanol-fueled newbuild vessels. The order was booked by Wärtsilä in December 2023.To complement the solution, the ships will be equipped with the Selective Catalytic Reduction (SCR) exhaust cleaning systems and alternators.

Imoto Lines and Marindows have outlined plans to build the next generation zero-emission domestic container ship capable of hybrid operation using Japan's first exchangeable container batteries, alongside onboard batteries and generators.The joint project between the companies aims to address three major challenges of the maritime industry - decarbonization, crew shortage, and safe navigation.The three-year project is supported by the Ministry of the Environment, Government of…

Hapag-Lloyd and Seaspan Corporation announced plans to retrofit and convert five 10,100 TEU containerships powered by conventional MAN S90 engines to dual-fuel engines capable of operating on methanol. Following the engine retrofit, the vessels will continue to be on long-term charter from Seaspan to Hapag-Lloyd.The vessels scheduled for retrofits are the Seaspan Amazon, Seaspan Ganges, Seaspan Thames, Seaspan Yangtze and Seaspan Zambezi. The retrofit is expected to take approximately 80-90 days per vessel starting in the first quarter of 2026.

“Due to the COVID-19 pandemic, the global container market grew only 1.5% from 171.0 million TEU in 2019 to 173.5 million TEU in 2023. Without the pandemic, that figure would have been 24.6 million higher, landing at 198.1 million in 2023,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.During the past four years, the container market has faced not only lower than expected growth in the global economy, but the ratio of market growth vs economic growth, the so-called GDP multiplier…

A containership lost propulsion in a busy New York City waterway just as it was about to pass under the Bayonne Bridge on Friday night—less than two weeks after a presumed power failure caused similarly sized vessel to allide with Baltimore’s Francis Scott Key Bridge.The U.S. Coast Guard said it received a report that the Malta-registered APL Qingdao lost propulsion about 8:30 p.m. as it traversed the Kill Van Kull, a shipping late between New York's Staten Island and Bayonne…

Danish shipping giant A.P. Moller - Maersk recently named the world's second large methanol-enabled container vessel, Astrid Mærsk, during a ceremony in Yokohama, Japan.The ship is the second of Maersk’s 18 large methanol-enabled vessels, scheduled for delivery between 2024 and 2025, as the company works toward its net-zero targets and supports customers in achieving their decarbonization goals.Vincent Clerc, CEO of A.P. Moller - Maersk, said, "We are truly excited to welcome Astrid Mærsk to our new fleet capable of sailing on green methanol.

U.S. shipping company Crowley has shared first renderings and the names of its four new dual fuel liquefied natural gas (LNG)-powered containerships: Quetzal, Copan, Tiscapa and Torogoz.The 1,400 TEU vessels were ordered in 2022 by Singapore-based Eastern Pacific Shipping (EPS) for scheduled delivery from South Korea’s Hyundai Mipo Dockyard in 2025.EPS will charter the ships out to Crowley, who will deploy them on its U.S.-Central America trade connecting U.S. markets to Nicaragua, Honduras, Guatemala and El Salvador.

Van Oord’s cutter suction dredger Biesbosch and trailing suction hopper dredger Vox Apolonia are teaming up to dredge the Prinses Amaliahaven located on Maasvlakte in Rotterdam, the Netherlands.A consortium of Van Oord, HOCHTIEF and Ballast Nedam has constructed 2.4 kilometres of new quay wall. The new quays are being dredged to a depth of more than 20 metres below sea level. This development means that the Port of Rotterdam Authority is ensuring an expansion of container capacity in Rotterdam.In total 1…

The containership allision that caused the collapse of the Francis Scott Key Bridge in Baltimore could cause "significant disruption" to shipping supply chains, according to industry analyst Xeneta.The 10,000 TEU Singapore-flagged Dali was operating on a 2M alliance service between Baltimore and the Far East when it struck the bridge around 1:35 a.m. on Tuesday, sending cars and people plunging into the river below."The immediate focus is the rescue operation, but there will clearly…

A major bridge collapsed in the U.S. port of Baltimore in the early hours of Tuesday after being struck by a container ship, plunging cars and as many as 20 people into the river below.Rescuers were searching for survivors in the Patapsco Riverafter huge spans of the 1.6-mile (2.57 km) Francis Scott Key Bridge crumpled into the water.As many as 20 people could be in the river along with "numerous vehicles, and possibly a tractor-trailer or a vehicle as large as a tractor-trailer…

The Port of New Orleans (Port NOLA) said 2023 was a record year for container-on-barge shipping.During the last calendar year, Port NOLA marked 20,500 container moves by barge, the highest since launching the container-on-barge network—the nation's largest—in 2016 with the Port of Greater Baton Rouge and Ingram Marine Group. Container-on-barge moves containers by water rather than by truck on roads to reduce air emissions; moving an average of 30,000 twenty-foot equivalent units (TEU) per year between New Orleans, the Port of Greater Baton Rouge, Memphis and St. Louis.

Growth in demand for container shipping imports from China into Mexico in January 2024 increased by 60% compared to 12 months ago, further fuelling suspicions it has become a back door into the US.According to analysts at Xeneta, 117,000 TEU was shipped in January of this year compared to 73,000 TEU in January 2023 (source: Container Trades Statistics).Annual growth in container shipping between China and Mexico had already increased by 34.8% in 2023 compared to just 3.5% in 2022.Peter Sand…

Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleet’s capacity expansion. Today, just 626 ships provide 36% of the fleet’s capacity, and the trend is set to continue as the large ships dominate the order book, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.When the Emma Maersk was delivered in August 2006, the ship was by far the largest container ship in the world. It is 400 metres long, 56 metres wide and has a capacity of about 17,800 (14,000 TEU when delivered).

ZIM Integrated Shipping Services has announced consolidated results for the three and 12 months ended December 31, 2023, noting a net loss for the fourth quarter of $147 million (compared to a net profit of $417 million in the fourth quarter of 2022).The net loss for the full year, including a $2.06 billion non-cash impairment loss, was $2.69 billion (compared to a net profit of $4.63 billion for the full year of 2022).Adjusted EBITDA for the fourth quarter was $190 million, a year-over-year decrease of 80%.

Zhoushan Xinya Shipyard held a steel cutting ceremony on March 8, 2024 for the 14,000 TEU Maersk Halifax methanol dual fuel retrofit project, marking what will be the world's first container vessel methanol dual fuel retrofit.Representatives from Maersk project team, ABS, and headquarters leaders and employees of the company attended the ceremony.The vessel is scheduled to arrive in early July this year and will undergo conversion and repair for a period of about three months. To ensure the smooth implementation of the project, the yard has built a 500-ton gantry crane overhead the No.3 dock.

Yang Ming Marine Transport is adopting sustainable biofuel for its fleet, starting at Hong Kong and Singapore, and will now incorporate biofuel into its annual fuel consumption on an on-going basis.The adoption of biofuel began with Yang Ming’s 1,805 TEU class container ship, YM Inception, and 6,600 TEU class container ship, YM Masculinity. These vessels are currently deployed on the Japan to/from Taiwan, Hong Kong, Vietnam and Thailand service and the Far East to/from Middle East service…

Indian shipbuilder Cochin Shipyard has cut first steel for the first vessel in Samskip's new series of zero-emission, autonomous ready shortsea containerships.The first of two contracted vessels, Samskip SeaShuttle, will also be among the world's first zero-emissions short sea container vessels fueled by green hydrogen.The 135-meter-long containerships were ordered by marine robotics specialist Ocean Infinity for scheduled delivery in 2025 and will be operated under long-term charter by Rotterdam-based shipping company Samskip on its west European routes.

VesselsValue has unveils this year’s top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. From Japan's resolute leadership in the top position with a USD 206.3 billion fleet to the emergence of Hong Kong at USD 44.7 billion, asset values and ownership strategies have changed considerably over the last 12 months, says Rebecca Galanopoulos-Jones, Senior Content Analyst, Veson Nautical.The data provided by VesselsValue and analysed by Veson is valid as of February 2024.

Hong Kong based ocean carrier Orient Overseas Container Line Ltd. (OOCL) announced it has taken delivery of its eighth 24,188 TEU containership, OOCL Abu Dhabi.The vessel is the fourth in a series of six 24,188 TEU newbuilds to be delivered to OOCL by the Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) shipyard in China. The ultra large containership is 400 meters long and 61.3 meters wide.OOCL Abu Dhabi was officially named during a ceremony at the shipyard on February 25.

Ignazio Messina & C announced it has taken delivery of a secondhand 4,400 TEU containership, now renamed Jolly Clivia.Built in 2010 at the South Korea's Hyundai Samho Heavy Industries, the vessel measures 262 meters in length by 32 meters in width, and was previously owned by a German company.The ship will now set sail from Singapore toward Europe with scheduled calls at Mundra (India), Jebel Ali Dubai (United Arab Emirates), Karachi (Pakistan), and is expected to arrive in Genoa at the end of March.

KR has awarded a third-party verification certificate for a “Greenhouse Gas Reduction Calculation Methodology” developed by HMM, South Korea’s largest shipping company.The methodology is based on the Renewable Energy Directive II, a regulatory framework adopted by the EU to promote the use of renewable energy to all member states.The greenhouse gas reduction methodology verified by KR involves calculating the amount of reduced greenhouse gases (GHG) based on the fuel's life cycle emissions (WtW…

Unifeeder Group announced it has completed a long-term charter agreement for two additional methanol-capable container feeder vessels. This follows the agreement for two initial vessels announced in October 2023. The latest agreement is in partnership with German-based ship owning group Elbdeich Reederei and Norwegian shipowner MPC Container Ships (MPCC), who are responsible for one vessel each. The 1,250 twenty-foot equivalent unit (TEU) vessels, scheduled for delivery in 2026…