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Containerships

Third 14,000 TEU Container Joins Seaspan

Image: Seaspan Corporation

 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.   Seaspan provides many of the world's major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services.    Seaspan's managed fleet consists of 118 containerships representing a total capacity of over 935,000 TEU, including 27 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017.    Seaspan's current operating fleet of 81 vessels has an average age of approximately seven years and an average remaining lease period of approximately five years.  


Hyundai Heavy Wins US$ 1.2-billion Order

Hyundai Heavy Industries wins a USD 1.2 billion order to build ten 13,800 TEU containerships for a Greek shipowner The containerships, measuring 368 m in length, 51 m in width, and 29.9 m in depth, are scheduled to be delivered from the second half of 2013 to the second half of 2014. The vessels will use 10% less fuel compared to existing similar class containerships. Since LNG carriers, drillships and semi-submersible drilling rigs have been the bright spot of the global shipbuilding


HMD Holds Naming Ceremony for Containership

Hyundai Mipo Dockyard held a naming ceremony for a 4300 TEU Class Containership, Hull No. 0408, the first of five 4300 TEU Panamax containerships ordered by E.R. Schiffahrt GmbH & CIE. KG of Germany. This containership was named Ital Mattina Mattina by the ship owner. Senior Executive Vice President of HMD, Kim Choon-gon, and many representatives of E.R. Shiffahrt attended the ceremony. On June 25th there was another naming ceremony for Hull No. 0320


Danaos Adds Containership

Danaos Corporation Adds One More 8,530 TEU Containership to its Fleet.   Danaos Corporation, an international owner of containerships, announced that on October 26, 2011, it took delivery of one more newly built containership, the CMA CGM BIANCA, expanding its operational fleet to a total of 58 containerships aggregating 282,619 TEU. The CMA CGM BIANCA, built at Shanghai Jiangnan Changxing Heavy Industry, has a carrying capacity of 8,530 TEU, is 335 meters long, 42


Hyundai Heavy to Build World’s Largest Containerships

hyundai heavy logo.jpg

Hyundai Heavy Industries (HHI) announced the Company won a $700 million order for five 18,400 TEU containerships from China Shipping Container Lines (Hong Kong) Co., Ltd. The world’s largest containerships will feature an electronically-controlled main engine and two EcoBallast seawater treatment system. The electronically-controlled main engine will maximize fuel efficiency, and reduce noise, vibrations, and carbon emissions by automatically controlling fuel consumption to suit


Diana Shipping Invests in Diana Containerships

diana shipping logo.png

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that it has entered into an agreement to purchase shares of the common stock of Diana Containerships Inc. for an aggregate purchase price of $40 million. Concurrently with the company's investment, two institutional investors not affiliated with the company or Diana Containerships together purchased $40 million of common shares, and Simeon Palios


Danaos Adds 8,530 TEU Containership

Danaos Corporation (NYSE: DAC) on August 22, 2011 took delivery of a new containership, the CMA CGM TANCREDI, expanding its operational fleet to a total of 57 containerships aggregating 274,089 TEU. The CMA CGM TANCREDI, built at Shanghai Jiangnan Changxing Heavy Industry has a carrying capacity of 8,530 TEU, is 335 meters long, 42.8 meters wide and has a speed of 25.80 knots. The CMA CGM TANCREDI has commenced its 12-year time charter at a fixed charter rate immediately upon delivery


Diana Containerships Sells Panamax Ship

Diana Containerships Inc. sells Panamax containership, the m/v Cap Domingo   Diana Containerships Inc. today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2001-built vessel m/v Cap Domingo, with delivery due to the buyer by mid-March 2016, for a gross sale price of $24,250,000.   The closing of this transaction is subject to buyer’s board of directors’ approval not later


ABS Launches Guide for Container Shippers

Image: ABS

Class Society builds on long history of developing tools to drive optimization, compliance and safety in the containership sector. ABS released two new tools specifically focused on assisting the containership sector with pressing operational challenges. The Guide for Certification of Container Securing Systems (Container Securing Guide), along with its companion software, and the Guide for Fire-Fighting Systems for On-Deck Cargo Areas of Container Carriers (FOC Guide) each represent


Youngest Containership Sold for Scrap

landmark boxship scrap sale Image courtesy Vessel Values

Today in the containership industry a landmark deal has occurred with the youngest ever containership sent for demolition by Rickmers Marine Trust. The vessel was a seven year old panamax boxship (4250 TEU, 2009 Blt, Built China). She is valued just above scrap at USD 5.87m. In 2016 the vessel fell 62% in value. This year the average change in value in the containership sector is -26% to put this figure in perspective


Crude Oil Tanker Demolition Bucking the Trend -BIMCO

© katiekk2 / Adobe Stock

 Four very large crude carriers (VLCC) have been sold for demolition since October 2016, matching the number of VLCCs sold for demolition in the preceding two years, according to BIMCO.   Most recently the 1999-built double-hull VLCC with the framing name Good News returned $15


New Containership Design is Self-steering and Emissions Free

YARA Birkeland container feeder ship design (Image: Kongsberg)

Norwegian fertilizer producer Yara and maritime technology firm Kongsberg Gruppe are teaming up to build what they said would be the world's first fully electric and self-steering containership.   "The new zero-emission vessel will be a game-changer for global maritime transport


Euroseas Sees Improvement in Cargo Shipping

Pic: Euroseas Ltd

 The beginning of 2017 found both the drybulk and containership markets recovering from the historical low levels observed during 2016, says Euroseas Chairman.   Aristides Pittas, Chairman and CEO of Euroseas said that the drybulk market improved rapidly during the last two months of


OOCL Hong Kong Christened

Photo: Orient Overseas Container Line Limited

 Orient Overseas Container Line (OOCL) announced the naming of its latest containership, the OOCL Hong Kong, at a christening ceremony held at the Samsung Heavy Industries (SHI) shipyard on Geoje Island on May 12.     The OOCL Hong Kong was also celebrated as one of the largest


MacGregor, Rolls-Royce to Study Containership Autonomy

 MacGregor, Rolls-Royce to Study Containership Autonomy   A new collaborative research and development initiative will explore the impact of developments in autonomy for cargo ship navigation and cargo systems onboard containerships.  


World's Largest Containership Delivered

Image: Samsung Heavy Industries

The world's largest containership, MOL Triumph, was delivered to Mitsui O.S.K. Lines (MOL) from Samsung Heavy Industries on March 27, 2017.   MOL's newest vessel, the first of a fleet of six 20,000 TEU-class containerships for the company


World's Largest Containership in Shanghai

MOL Triumph at Yangshan Port in Shanghai. Photo: Mitsui O.S.K. Lines, Ltd. (MOL)

 MOL Triumph, the world's largest containership with a carrying capacity of 20,170 TEU, successfully arrived at Yangshan Port in Shanghai on April 10, 2017, said Mitsui O.S.K. Lines, Ltd. (MOL)   MOL took delivery of MOL Triumph, the first of six 20


Rickmer's Group Worth $740 Million

Rickmers Group fleet value, from March 21, 2016 (Source: VesselsValue)

Following last month’s news that Singapore Based Rickmers Maritime Trust is to be wound up, Rickmers Holding AG released a statement on April 19 reporting that an understanding had been reached regarding restructuring of the Rickmers Group.  


Becker Marine Systems Eyes Growth in Asia

Photo courtesy of Becker Marine Systems

Becker Marine Systems says it is continuing its successful entry into Asian countries such as China, Japan and South Korea, despite an ongoing crisis in the shipbuilding industry. Now the Hamburg-based company is opening a branch office in Kobe, Japan


DSME Turns Profit in Q1

Photo: Daewoo Shipbuilding & Marine Engineering

 Daewoo Shipbuilding & Marine Engineering (DSME) swung to the black in the first quarter of the year from a year earlier, largely thanks to cost-cutting measures, reports Yonhap.   The Korean shipyard reported an operating profit of 292 billion won ($257


Diana Charters out Sagitta to Hapag-Lloyd

Sagitta (Photo: Diana Containerships)

Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hapag-Lloyd AG, Hamburg, for one of its Panamax container vessels, the MV Sagitta. The gross charter rate is $9,500 per day, minus a 1


Santos Express Delivered to Hapag-Lloyd

Santos Express (Photo: Hapag-Lloyd)

Hapag-Lloyd’s newest containership Santos Express was recently delivered from Hyundai Samho Heavy Industries (HSHI) in South Korea.   The 10,500 TEU capacity, 333 meter long ship is the final of five vessels in the Valparaíso Express class.  


Largest Ship To-date Transits Expanded Panama Canal

The COSCO Development transiting the Panama Canals Cocoli Locks, making it the largest vessel to transit the Expanded Canal. (Photo: Panama Canal Authority)

The 13,092 TEU Neopanamax containership COSCO Development, which measures 366 meters in length and 48.2 meters in beam, today became the largest vessel both in dimension and capacity to transit the Expanded Panama Canal since it was inaugurated in June 2016.  


Global Ship Lease Report Q1 Financials

Image: Global Ship Lease

The containership charter owner Global Ship Lease (GSL) has reported first-quarter net income of $6.8 million. Its revenue stood at $39.6 mln for the Quarter.   Ian Webber, Chief Executive Officer of Global Ship Lease, stated, "During the first quarter of 2017


Matson, Philly Shipyard Mark ‘Aloha Class’ Milestone

Photo: Matson

Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA, and Matson, Inc., a U.S. carrier in the Pacific, today marked a milestone in the construction of the first of two new "Aloha Class" containerships to be delivered to Matson in the third quarter of 2018






 
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