Yangzijiang News

The naming ceremonies of three new vessels joining ZIM’s fleet were held in Korea and China this week for ZIM Integrated Shipping Services, continuing ZIM’s widescale fleet renovation.The naming ceremony of Zim Mount Elbrus and Zim Mount Vinson, the final additions to the series of ten 15,000 TEUs advanced LNG vessels, took place at the SHI Geoje shipyard in Korea. These vessels, showcasing state-of-the-art LNG technology, were named in a traditional manner by their respective godmothers, Mrs. Hani Kalinsky, ZIM's EVP Pacific Business Unit, and Mrs.

Japanese shipping company Ocean Network Express (ONE) has signed shipbuilding contracts with Jiangnan Shipyard and Yangzijiang Shipbuilding for the construction of 12 13,000 TEU methanol dual-fuel containerships.Each shipyard will build six vessels and are all scheduled to be delivered from 2027. The order represents ONE’s inaugural fleet of methanol-dual fuel vessels and plays a key role in reaching ONE’s sustainable goals as part of its green strategy."Our decision to invest in methanol-dual fuel vessels aligns with ONE's Green Strategy as part of our key initiatives.

Swiss marine power company WinGD announced it will supply X-DF-M methanol-fueled engines for a series of six container vessels to be built at Yangzijiang Shipbuilding in China. The 9,000 TEU vessels will each be powered by an X82DF-M engine built by HD Hyundai Heavy Industries’ Engine & Machinery Division (HHI-EMD), to be delivered in August 2025. The new vessel series will enter service in 2026 and 2027.The new order, which includes options for further engines, expands WinGD's methanol engine orders into the 82-bore size.

Interest in methanol as an alternative fuel has grown in the shipping industry, which seeks to achieve net-zero emissions by 2050.Below is a list of upcoming methanol bunkering-related projects by companies and ports:COMPANIES:A.P. Moller-MaerskMaersk received the world's first methanol-enabled container ship in July. It has 24 more such vessels on order to help it to achieve its goal of using low-emission fuels to transport a quarter of its volumes by 2030.HD Hyundai Heavy Industries expects to build a dozen more such vessels…

The French engineering company GTT has received an order from the Chinese shipyard Yangzijiang, to design the cryogenic fuel tanks of ten ultra large container vessels fueled with liquefied natural gas (LNG)."Used as a marine fuel, LNG is today the best available industrial tool to preserve air quality, a major public health issue. It reduces sulphur oxide emissions by 99%, fine particles by 91% and nitrous oxide emissions by 92%. It also reduces ship CO2 emissions by up to 25% compared to a conventional ship…

Maersk has taken delivery of the world’s first container feeder to be fueled by methanol.The 2,100 TEU vessel was built at Hyundai Mipo Dockyard and Hyundai Heavy Industries and features dual fuel main and auxiliary engines from MAN Energy Solutions that are able to operate on cleaner-burning methanol.The ABS-classed vessel, HMD Hull #4168, is embarking on its maiden voyage from Ulsan to Copenhagen for a naming ceremony in September, when the ships is expected to take the name Laura Maersk.

The major shipyards in China are operating at full capacity, resulting in potential order backlogs, reports China Daily.The value of China's ship exports rose by over 21% year-on-year to $8.86 billion in the January-May period, according to China Association of the National Shipbuilding Industry data. Orders rose by 50% over that time, giving China a 67% world share.Orders have included container ships, bulk carriers, LNG carriers, vehicle carriers and offshore vessels. The growth in orders has been partially attributed to shipowners looking to meet decarbonization goals.CSSC subsidiary…

Shipping group A.P. Moller-Maersk on Monday said it had ordered from China's Yangzijiang Shipbuilding Group six mid-size container vessels capable of running on green methanol.The ships, which run on dual-fuel engines that can operate on both fuel oil and methanol, can carry upwards of 9,000 containers. Maersk, which ordered its first methanol-powered vessel in 2021, now has a total 25 methanol-powered ships on order."With this order, we take another step in the green transformation of our fleet and towards our target of becoming net-zero in 2040…

China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked. Three Chinese shipyards - only one of them having experience building large LNG tankers - won nearly 30% of this year's record orders for 163 new gas carriers, claiming ground in a sector where South Korea usually captures most of the business.

Shipowner Costamare Inc. announced it has ordered eight newbuild containerships and acquired seven secondhand bulk carriers.The Monaco-headquartered company said Thursday it signed contracts with an unspecified Asian shipyard for two 13,000 TEU capacity newbuilds and exercised options under a previous agreement for two more of the same capacity plus four additional 15,000 TEU capacity vessels. Each of the ships will commence long-term charters with a "leading liner company" upon scheduled delivery between the third quarter of 2023 and first quarter of 2024.Gregory Zikos…

Yangzijiang Shipbuilding Group has ordered 10 MAN B&W 7G80ME-C10.5-GI engines in connection with the construction of 10 7,000-teu containerships for Seaspan Corporation, the world's largest, independent container vessel owner.The contract includes an option for five further vessels. Engine delivery is scheduled from October 2023 to 2024; Seaspan has  already chartered the ships on long-term contracts.Upon completion, the newbuildings will become the largest ME-GI-powered container vessels built by a Chinese shipyard.Thomas S.

Yangzijiang Shipbuilding Holdings Ltd. reports new orders for 12+5 vessels worth $1.58B in July, and an LOI for another five dual-fuel 7,000 TEU containerships which is expected to take affect in August.(Reuters)

TR Lady Shipping Ltd, a portfolio company of Tufton Investment Management Ltd (“Tufton”), signed a contract Anemoi Marine Technologies to supply and fit the bulk carrier TR Lady with three large Rotor Sails and Anemoi’s patented Rail Deployment System, a system designed to allow the Rotor Sails to be moved across the deck to minimize impact on port operations.TR Lady is a CS Marine design 82,000DWT Kamsarmax bulker, built in 2017 by Yangzijiang Shipbuilding Group, and managed by Tufton. TR Lady will be retrofitted with the Rotor Sails during scheduled dry docking of the vessel.

Eagle Bulk Shipping (EBS), the US-based fully integrated shipowner-operator engaged in the global transportation of drybulk commodities, announced that is has taken delivery of the sixth and final Ultramax drybulk vessel it agreed to acquire in July.The ship, which has been renamed the M/V Hong Kong Eagle, is a 2016-built, high specification SDARI-64 Ultramax vessel built at Jiangsu Yangzijiang Shipbuilding Co., Ltd., said the owner-operator within the Supramax / Ultramax segment.Gary Vogel, Eagle Bulk’s CEO, commented, “We are pleased to have successfully completed our latest round of vessel acquisitions. With a current fleet of 50 Supramax / Ultramax ships…

Eagle Bulk Shipping (EBS), the US-based fully integrated shipowner-operator engaged in the global transportation of drybulk commodities, has taken delivery of the fifth of six Ultramax drybulk vessels it has recently agreed to acquire.The ship, which has been renamed the M/V Shanghai Eagle, is a 2016-built, high specification SDARI-64 Ultramax vessel built at Jiangsu Yangzijiang Shipbuilding Co., Ltd, said the owner-operator within the Supramax / Ultramax segment.The acquisition was made by the EBS’ wholly-owned subsidiary, Eagle Bulk Shipco LLC , and was fully funded by restricted cash generated from previous vessel sale proceeds; the M/V Shanghai Eagle will form part of the security for the Subsidiary’s outstanding bond due in 2022.Proforma for the remaining acquisition vessel…

Navis, the provider of maritime software solutions for cargo and vessel performance and compliance,  announced that its MACS3 loading computer will be installed on two newbuilding series of container vessels owned and operated by Taiwan-based Evergreen Marine Corporation.Navis, a part of Cargotec Corporation, said that due to the owner’s decision to have this loading computer installed, they are moving to support safer and more effective onboard cargo handling.The newbuildings are currently being built at two different Chinese shipyards. The Jiangnan shipyard is currently building four container ships with a capacity of 2,500 TEU, which will be delivered between February and November 2020.Two other 1…

A Japanese and a Chinese shipbuilding group have today signed a joint venture, set to start in April 2019, to build and sell merchant ships. Mitsui E&S Shipbuilding Co., Ltd. (Head Office: Tokyo, President and CEO: Tetsuro Koga), in partnership with Yangzijiang Shipbuilding (Holdings), Ltd. (Head Office: Jiangsu Province, Chairman: Ren Yuanlin) and Mitsui & Co., Ltd. (Head Office: Tokyo, President and CEO: Tatsuo Yasunaga), has entered into a shareholders' agreement to establish…

Norwegian shipping and tank terminal company Odfjell SE has finalized the sale of its indirect 55% equity stake in Odfjell Terminals Jiangyin (OTJ), China.Reference is made to the stock exchange announcement of May 8th, 2018, in which Odfjell SE (Odfjell) announced that Lindsay Goldberg (LG) is considering a sale of its 49% shareholding in Odfjell Terminals BV.After LG completed the sales of its shareholdings in the US and European terminals, LG is now in the process of selling its shareholding in the Asian terminals. Connected with this, Odfjell has decided to tag along on LG’s sale of its indirect shareholding in Odfjell Terminals (Jiangyin).Odfjell is pleased to announce that Odfjell Terminals Asia Holding Pte. Ltd.

The provider of marine transportation services Algoma Central Corporation announced that the recently completed Algoma Conveyor, the third Seawaymax Equinox Class 740’ self-unloading dry-bulk carrier, has begun its delivery voyage from China to Canada.The vessel began its two month journey home, departing the Yangzijiang shipyard on February 16, 2019.After taking fuel in the Philippines the vessel will cross the Pacific Ocean, travelling through the Panama Canal and from there will make its way to Canada. The vessel is expected to arrive in early April.“We are looking forward to the Algoma Conveyor joining our fleet for the 2019 navigation season as market demand and volumes are strong…

Costamare announced the conclusion of shipbuilding contracts and long term charter agreements for five newbuild containerships, as well as the acquisition and chartering of two secondhand containerships. The Company has ordered five newbuild containerships from Jiangsu Yangzijiang Shipbuilding Group, each of approximately 12,690 TEU capacity. The vessels are expected to be delivered between the second quarter of 2020 and the second quarter of 2021 and upon delivery they will commence a ten-year time charter to Yang Ming Marine Transport Corp. The acquisition is expected to be financed with cash on hand and debt. In June 2018, the Company agreed to purchase two 2013-built, 5,000 TEU wide-beam containerships, the c/v Megalopolis and the c/v Marathopolis.

A CMA CGM containership plowed head-on into a pier at India's largest container port on Saturday, causing visible damage to the dock.The 336-meter, 10,000 TEU CMA CGM Mumbai reportedly lost steering while attempting to berth at the Jawaharlal Nehru Port,on the west coast of India. Officials said damage to the pier is only minor, and the damage to the ship is unkonwn. No injuries were reported.The Hong-Kong flagged vessel, owned by CMA CGM and operated by Seaspan, was delivered in May this year from Chinese yard Yangzijiang Shipbuilding.

With a net profit of USD 0.8 million, Scorpio Bulkers shows positive results in the second quarter of 2018 compared to a net loss was USD 13.4 million for the the same period in 2017.Total vessel revenues for the second quarter of 2018 were $60.6 million, compared to $37.7 million for the same period in 2017.The shipping company, which owns and operates dry bulk carriers, took delivery of the SBI Lynx, a Kamsarmax vessel, from Jiangsu Yangzijiang Shipbuilding  last month.During the second quarter of 2018, the Company drew down the entire $12.8 million available to it under the $12.8 Million Credit Facility, for which the SBI Lynx serves as collateral.In June 2018, the Company received a commitment for a loan facility of up to $30.0 million from ING Bank N.V.

Algoma Central Corporation (TSX: ALC), a provider of marine transportation services, announced that it has received full refund of all instalment payments made in connection with the now-cancelled shipbuilding contracts with Uljanik d.d. and 3Maj Shipyard of Croatia.Algoma entered into five shipbuilding contracts with 3Maj Shipyard, an operating unit of Uljanik d.d of Croatia. According to a press release from Algoma, after considerable delay, the first of the five vessels was delivered in 2018; however, Algoma cancelled the remaining four contracts as the shipyard’s financial difficulties led to a much-publicized attempt to refinance the company and shipyard management was unable to put forward a credible plan that would lead to completion of the remaining hulls.