Chinese Container Ship on the International Market
The ship to which China owns the full intellectual property rights is on the international market for the first time, according to People's Daily. Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. and Costamare Shipping Co. Greece signed a contract to build four of the 8,530 TEU container ships. The 8,530 TEU container ship is said to be the largest ever exported. Source: People's Daily Online
Becker Marine Wins Another Rudder Order
Becker Marine Systems receives order for 93m2 TLKSR rudders - the largest ever built. 93m2 TLKSR Rudder ordered by STX O&S for 16,000 TEU container vessels Becker Marine Systems has been elected by STX Offshore & Shipbuilding to design and supply the largest ever built full spade rudders for Zodiac’s container vessels of more than 90m2. The largest rudders so far delivered by Becker Marine Systems are 85m2 TLKSR® rudders that were installed on five 14
Canal Proposes New Containership Pricing System
After nine months of informal consultations with its customers and the maritime industry, the Panama Canal Authority (ACP) today announced a formal proposal to update their current vessel measurement and pricing system for full container vessels and other vessel types with on-deck container capacity. The ACP’s proposal would change the system that the Canal currently uses for the container segment – from the Panama Canal Universal Measurement System (PC/UMS) to the industry standard of the
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
Los Angeles’ July Container Volumes Set Year High
The Port of Los Angeles has released its July 2013 cargo volumes. July overall volumes totaled 715,640 20-Foot Equivalent (TEU) containers, the busiest cargo month of 2013. Compared to July 2012, volumes slipped 1.48%. Imports edged downward by .3%, from 371,859 Twenty-Foot Equivalent (TEU) containers in July 2012 to 370,745 TEUs this July. Exports decreased 4.83%, from 165,581 TEUs in July 2012 to 157,585 TEUs in July 2013.
Euroseas Sells C/V Tiger Bridge
Euroseas Ltd. an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today the sale of C/V Tiger Bridge (a 2,228 TEU Container vessel, built in 1990) to an unaffiliated third party (the “Buyers”) for recycling. The Company will deliver the Vessel to the Buyers latest by November 16, 2015.
T&T BISSO Refloats Container Vessel
T&T BISSO Response successfully refloated a 5,700 teu container vessel in Brazil. Led by Senior Salvage Master Ted Hosking, the T&T BISSO team lightered bunkers and used three high-horsepower local tugs in the operation. After pumping the bunkers back to the vessel and conducting an underwater survey, the crew safely delivered the vessel and cargo to its owners with no damage to the environment. (www.ttbisso
NewLead Holdings Closes Container Vessel Sale
NewLead Holdings Ltd. (NASDAQ:NEWL) announced that the MSC Seine, a 1990-built 2,917 TEU Container vessel, was delivered to her new owner, January 20, 2010. As previously announced, the gross proceeds from sale will be used to reduce debt and add flexibility to the balance sheet.
MOL Express Refloated
The MOL Express, a 4,600 TEU container vessel which went aground in Tateyama Harbor, Japan on January 11, was successfully refloated, Seaspan Corporation reports. No crew injuries and no environmental consequences from this incident have been reported. An investigation into the cause of the grounding is underway. The vessel is currently on charter to MOL, is managed by Seaspan Corporation, and is owned by MOL affiliate GCI.
SFL Takes Delivery of 19,200 TEU Containership
Ship Finance International Limited (SFL) said it has taken delivery of MSC Anna, the first of two 19,200 TEU container vessels from Huyndai Heavy Industries, Korea. The vessel is chartered out for a period of 15 years, and lease financing has been secured for the full term of the charter. The second vessel is expected to be delivered in the first quarter of 2017.
Diana Containerships TC with Wan Hai Lines
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Wan Hai Lines (Singapore) for one of its Post-Panamax container vessels, the m/v Hamburg. The global shipping company specializing in the ownership of containerships said in a press release that the gross charter rate is US$11,000 per day, minus a 3.75% commission paid to third parties, for a period of minimum 120 days to maximum 220 days
Navios Completes Acquisition of Four Containerships
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced today that it has taken delivery of four 2008-built Panamax containerships. These vessels are employed on charters with a net daily charter rate of $27,156. The charters expire in 2020 and are expected to generate approximately $70.0 million of EBITDA, assuming expenses approximating current operating costs and 360 revenue days per year.
Diana Announces Time Charter
Diana Containerships Inc. (NASDAQ: DCIX), has, through a separate wholly-owned subsidiary, entered into a time charter contract with Wan Hai Lines (Singapore) Pte Ltd. for one of its Post-Panamax container vessels, the m/v Rotterdam. The gross charter rate is $13,150 per day, minus a 3.75% commission paid to third parties, for a period of minimum one hundred twenty (120) days to maximum one hundred seventy (170) days. The charter is expected to commence on January 26, 2018
Port of Incheon Volume Crosses 3 mln TEU
The Container Handing Volume by the Republic of Korea's Port of Incheon surpassed 3 million TEU that it has processed over 1 year. 3 million TEU refers to 300 million container volume of 6.1m container box (Twenty-foot Equivalent Unit) and if the containers are connected in a line, it is equal to a distance of 24 route trips between Seoul and Busan (380 km) Incheon Port’s 3 million TEU is a record achieved in 12 years after achieving 1 million TEU
Euroseas Acquires New Vessels
Euroseas announced that it took delivery of M/V EM Athens, a feeder containership of 2,506 teu built in 2000 that the Company agreed to acquire last month from Euromar, a wholly-owned subsidiary of the Company that previously was partially owned by the Company. M/V EM Athens was acquired along with EM Oinousses, a feeder size containership also of 2,506 teu built in 2000. The Company also announced today that it exercised its option to purchase from Euromar
Navios Acquires Two Container Vessels
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced today that it has agreed to acquire two 2009-built 4,250 TEU container vessels for an aggregate purchase price of $19.75 million. The vessels are expected to be delivered to Navios Containers’ fleet in early November 2017. Based on the current rate environment, the vessels are expected to generate approximately $1
Containership Receives a Special Welcome
The world’s largest containership received a special greeting when it arrived for the first time at Germany’s sole deepwater port. On October 16, EUROGATE welcomed the 21,413 TEU OOCL Germany at its container terminal in Wilhelmshaven, where employees had arranged containers on the stowage area to write out the ship’s record-setting TEU capacity. “Although we are in the meantime witnessing the world’s largest container vessels at Wilhelmshaven on
HHLA: New Mega-Ship Gantry Cranes Off to a Strong Start
The COSCO Netherlands was the first ship to be processed by the five new container gantry cranes at the HHLA Container Terminal Tollerort (CTT), which are equipped to handle ships with a capacity of more than 20,000 standard containers (TEU). Three of these high-performance gantry cranes have been put into service at Tollerort in the last few days. Two identical gantry cranes have been processing mega-ships at berth 5 since November 2016.
Cosco Ports Q3 volume up 17%
Cosco Shipping Ports saw third quarter throughput rise 16.6% to 23.10m TEU from 19.81m TEU in the previous corresponding period. "Driven by the growth of international trade and the supports from shipping alliances and shipping fleets of parent company, the Group’s total throughput recorded satisfactory growth," said a company statement. For the nine months ended 30 September 2017, the Group’s total container throughput rose 13
MPC Container Ships Adds Two More Boxships
Oslo-based shipping company MPC Container Ships has continued its fleet expansion with the addition of two more container vessels; to take delivery of the vessels next month. The expanding start-up company purchased a 2,564 TEU vessel, which will be named AS Petulia, and a 1,200 TEU ship, to be named AS Frida. The two container ships were built in 2008 and 2003, respectively. "MPC Container Ships AS is pleased to announce that it has acquired a 2
Cosco to Raise $2 billion to Build Ships
Chinese container carrier Cosco Shipping is thirsty for expansion and will raise CNY 12.9billion (USD 2billion) in new capital, according to Reuters report. The money will go to the construction of 20 new vessels. The carrier will use the raised fund to fund the building of six 21,237 TEU ships and five vessels of 20,119 TEU, with the remaining nine comprising five 13,800 TEU and four 14,568 TEU ships.
APM Terminals Pier 400 Los Angeles Sets New Single Vessel Record
APM Terminals Pier 400 Los Angeles has established a new single vessel cargo operations record during the call of the 13,600 TEU capacity Maersk Evora, with a combined total of 24,846 TEUs loaded and discharged over a 128-hour period. This performance eclipsed the previous record of 18,500 TEUs handled during the call of a similarly-sized vessel at the Port of Rotterdam in 2015. The Maersk Evora arrived at APM Terminals Pier 400 Los Angeles on October 19th
Inside the World's First LNG Containership Conversion
Going ‘green & lean’ in Germany with the world's first containership converted to run on liquefied natural gas (LNG) The world’s first container feeder vessel refit to use natural gas was commissioned in late August in Bremerhaven, ushering in a new era in the use of alternative fuels across the global maritime sector. The container vessel Wes Amelie, owned by Wessels Reederei, Haren/Ems
Port of Hamburg handles 104 MT Cargo in 9 Months
Comprising the general and bulk cargo segments, seaborne cargo handling in Hamburg during the first nine months at 104.3 million tons was at a stable level. At 6.8 million TEU (20-ft standard containers), throughput of containerized general cargoes continued to grow; while at 34.1 million tons, bulk cargo throughput remained just below the previous year’s figure. For Port of Hamburg Marketing
Navios Maritime Adds First Ship in Panamax Quartet
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced today that it has taken delivery of APL Denver, the first of four 2008-built Panamax containerships with period charters it has agreed to acquire. The remaining three vessels are expected to be delivered by mid-December. Navios Containers agreed to acquire the four 2008 built 4,730 TEU containerships for a total purchase price of $96.8 million