Aries Maritime Announces Extended Period Charter for the Ocean Hope
Aries Maritime Transport Limited announced it has extended the existing period charter for the Ocean Hope, a 1989-built container vessel, with China Shipping Container Lines (CSCL). The extended charter is for a period of 24 months at a net rate of $13,300 per day, commencing on June 13, 2007. The Company also announced that the MSC Oslo, a 1989-built container vessel, returned to service on April 14, 2007, following the completion of works necessary to achieve the speed required under the period charter with MSC. MSC is the second largest container shipping line in the world. For the three months ended March 31, 2007, the Company announced it currently estimates a total of approximately 116 non-revenue days for its fleet…
Shipyard Builds Container Vessel in 54 Days
According to reports, Shanghai Shipyard & Chengxi Shipyard Company Ltd built a 3,500 TEU container vessel in only 54 days, breaking China's record of 60 days for a mid-sized container vessel. The team has already signed orders till the end of 2009. The state-owned Shanghai Shipyard & Chengxi Shipyard Co. updated their traditional shipbuilding skills when they moved to Chongmong Island from Lujiazui area in Pudong. The original technique took more than 140 days to build a 3,500 TEU container vessel. Shanghai Daily News
Navios Partners Sheds 13,100 TEU Boxship
Navios Maritime Partners L.P. announced the completion of the previously announced sale of the MSC Cristina, a 2011 South Korean-built Container vessel of 13,100 TEU. The vessel was sold to an unrelated third party for a total net sale price of $125.0 million. Approximately $100.0 million of the sale proceeds were used to repay bank debt.
Liebherr Container Cranes Heading to Russia
Liebherr Container Cranes announced it will deliver four ship to shore container cranes to Fenix Container Terminal, Port of Bronka, St. Petersburg, Russia. The cranes were designed in Liebherr Container Cranes, Ireland and manufactured in the state of the art facility in Ireland.The completed cranes were then assembled in the Liebherr Rostock plant and barged through the Baltic Sea to St. Petersburg. The cranes are due to enter operation at the purpose built container terminal on the Baltic sea in the coming weeks.
Daewoo Clinches $531m Order
Bloomberg has reported that Daewoo Shipbuilding & Marine Engineering Co., said it has received a $531m order to build container ships for a customer in Panama. The Seoul-based company will build an unspecified number of container ships and deliver them by April 30, 2010, Daewoo said in a regulatory filing to the Korea Exchange today, without revealing the identity of the customer. Daewoo and South Korea's six other shipbuilders, which built 38 percent of vessels delivered globally in 2005, said this month they may raise prices of ships to take advantage of record orders and protect their profits from increasing steel costs. Daewoo Shipbuilding earned a net income of 19.9 billion won in May, compared with a loss of 19.9 billion won in the same month last year, the company said.
Aker MTW Acquires Order for Three Containerships
Aker MTW Werft (AMTW) in Wismar, Germany has acquired three orders to build container vessels, a joint development with Kvaerner Warnow Werft in Rostock-Warnemünde (Germany). The contract, worth $115M, is for three vessels that were ordered by Reederei Hartmann in Leer (Lower Saxony). The vessels which will be built in Wismar and Rostock-Warnemünde are due for delivery in the third and fourth quarters 2004. The contracts are subject to the settlement of financial issues by mid July 2003. The vessels of the type BALTIC CS 2500 are 207.4 m long and 29.8 m wide, with a deadweight of 33,900 t. They have a total container stowage capacity of 2,478 TEU with 400 reefer sockets for FEU. With a main engine output of about 21,500 KW the vessels have a service speed of 22 kn.
CMA CGM Announces New Dry Port in Baghdad
After more than thirty three years of continuous presence in Iraq, the CMA CGM Group will open a new bonded Dry Port near Baghdad in the Abu Ghreib area, in Iraq, in June 2013. Exclusively managed and operated by CMA CGM, the Dry Port will be the only one in Iraq, giving customers the opportunity to custom clear their cargo near Baghdad instead of Umm Qasr, according their convenience time. The Dry Port will connect to CMA CGM’s inland transportation network, with a possible railway connection three kilometers away from the site and fast in bond transit from Umm Qasr. The storage facilities for full containers, LCL and refrigerated cargo will benefit from 24 hours surveillance and security services, keeping the cargo safe at all times.
PT PAL Receives to Build Container Ships
State-owned shipbuilding company PT PAL Indonesia has received orders from a Thai shipping company for four container ships measuring 50,000 deadweight ton (DWT). The order from Thoresen Thai Agencies (TTA) is worth US$180 million, PT PAL General Engineering and Maintenance Director Herbadi Noviano said. Herbadi said the construction of the ships was to be completed in 2010-2013, adding that work could not start at once for the order as PT PAL had to honor contracts made earlier with other customers. State-owned shipbuilding company PT PAL Indonesia has received orders from a Thai shipping company for four container ships measuring 50,000 deadweight ton (DWT).
Navios Announces Delivery of Three Container Vessels
Navios Maritime Partners L.P., an owner and operator of dry cargo vessels, has announced that the Hyundai Tokyo, the Hyundai Shanghai and the Hyundai Busan, all 2006-built container vessels of 6,800 TEU each, were delivered to Navios Partners' owned fleet on December 10, 13 and 16, 2013, respectively. Following the acquisition of these vessels, Navios Partners has taken delivery of a total of five container vessels of 6,800 TEU each and this completes the acquisition of the container vessels as previously announced. All five vessels have been chartered out to an investment grade counterparty for ten years (with Navios Partners' option to terminate after year seven), at a rate of $30,150 net per day per vessel.
Goldenport Sells Thira
Goldenport Holdings Inc. the international shipping company that owns and operates a fleet of dry bulk and container vessels, announces today the sale of a container vessel, 'Thira'. The Company has agreed the sale of the 1997 built container vessel to an unaffiliated third party, "BSL Thira Shipping Limited", for a cash consideration of US$6.85 million. The vessel's delivery is due to take place on 21 July 2015. Goldenport expects to realize a book profit of approximately US$2.4 million on the disposal, after accounting for brokerage commission and book value.
Euroseas Takes Delivery of Container Vessel
Greek shipping firm Euroseas Ltd took delivery of M/V Akinada Bridge, a 5,600 teu post-panamax size container vessel built in 2001 in South Korea, which the Company had previously agreed to acquire. Following its delivery, the vessel will commence during the first week of January, a 50-120 day charter at a gross daily rate of $11,250. The sale of this vessel concludes the disposition of the vessels of Euromar LLC, a wholly-owned subsidiary of the Company that previously was partially owned by the Company.
Aker Yards to Build Container Vessels for König & Cie
Aker Ostsee in Germany, a part of Aker Yards, has been awarded contracts to build four container vessels of the type Aker CS 2700 for König & Cie. GmbH & Co. KG in Hamburg (Germany). The total contract value is approximately EUR 160 million. The vessels are due for delivery between the first and third quarter of 2007. The vessels of the type Aker CS 2700 are 221.6 m long and 29.8 m wide, with a deadweight of 37.570 t. They have a total container stowage capacity of 2,741 TEU with 400 reefer sockets for FEU. With a main engine (2-stroke) output of 20,580 kW, these vessels have a service speed of 22 kn. The order reserve of the combined Aker Ostsee shipyards in Wismar and Rostock-Warnenmünde with a total of appr. 2,250 employees and appr.
NMM lines up Box Buy
Navios Maritime Partners L.P. (NMM) an international owner and operator of container and drybulk vessels, announced today that it has secured, for no consideration, an option to acquire a 2012 South Korean-built container vessel of 13,100 TEU from an unrelated third party. The vessel is currently chartered out to a high quality counterparty for a twelve-year period ending May 2027. If the option is exercised, the vessel is expected to generate approximately $18.4 million of annual EBITDA and approximately $212.4 million of aggregate EBITDA for the charter period…
Korean Shipyards Bag $1.5bln Newbuild Order from MSC
Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - two major shipyards in South Korea - are poised to sign a deal worth $1.5 billion to build container ships for Mediterranean Shipping Company (MSC), according to the Financial Times. The report said that this deal is the latest signal that the South Korea’s troubled shipbuilding industry is showing signs of recovery, after large losses posted by both companies in recent years because of a lack of orders. MSC is working on an order for up to 11 container vessels, the report said. The deals will help local shipyards struggling to win more shipbuilding deals.
Milaha Acquires its Largest Containership
Qatar-based maritime and logistics conglomerate Milaha said it has acquired its largest container vessel to date, Majd, a 3,768 TEU vessel. Majd was built by STX Shipbuilding Co. Ltd. in South Korea, and has a length overall of 246.87 meters and a deadweight of 44,985 metric tons. The new vessel will be one of the 17 container vessels that the group operates, and is part of the ongoing expansion of the group’s overall fleet. Milaha currently fully owns and operates a fleet of over 80 vessels…
Navios Maritime Containers Acquires Boxship
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it has acquired the Navios Felicitas, a 2010-built, 4,360 TEU containership for a purchase price of USD 11.45 million. The vessel was delivered to Navios Containers’ fleet in December 2017. Navios Containers financed the acquisition of the vessel with cash on its balance sheet and $6.0 million of bank debt under one of its existing credit facilities. Following this acquisition, Navios Containers controls 21 vessels, totaling 88,820 TEU.
Bouygues Offshore to Build Container Terminal
Bouygues Offshore and Bouygues Travaux Publics (a Bouygues Construction subsidiary) have signed a contract with Caucedo Investments Inc. to build a container terminal in the Dominican Republic. Located near from Santo Domingo, in the southwest region of the island, the facility will provide a depth of up to 15m to receive post-Panamax vessels. This contract is valued at approximately $136 million. The terminal scheduled for the end of 2003. The project scope of work includes engineering, procurement and construction.
Hanjin Starts Building Container Ship
Hanjin Heavy Industries, Corp-Philippines, Inc. (HHIC-PI), switched on the steel plate cutting machine that signaled the start of its production. The first steel cutting ceremony was held at the newly-built HHIC-PI shipyard at the Redondo Peninsula. The HHIC-PI constructed the shipyard complex inside the 480-hectare land area in the peninsula with a committed investment of $ 1 billion and is expected to create around 30,000 jobs. Already lined-up for production are six units of 4,300-TEU container ships to be delivered to Diorxy Maritime Corp. in Greece in 2009. The second production line will be comprised of six units of 4,300-TEU ships intended for NSC Schiffartsgeselhaft of Germany.
Aries Renews Bareboat Charters for Two Tankers
Aries Maritime Transport Limited announced it has renewed the bareboat charters for the Stena Compass, a 2006-built double-hull products tanker, and its sister ship, the Stena Compassion, with Stena Group. 2.5% in brokerage commissions. The charters also include a profit-sharing component for Aries equal to 30% of the actual Time Charter Equivalent rate above $26,000 per day per vessel. The charters are scheduled to commence upon expiration of the vessels' current charter. Aries also announced that the CMA CGM Seine, a 1990-built container vessel, is expected to be redelivered to the Company on July 20, 2008 following completion of its scheduled voyage and cargo operations.
HHI Receives $650 mln Order from Iran for 10 ships
South Korean shipbuilder Hyundai Heavy Industries Co Ltd received a $650 million order to build 10 ships for Iran's state-owned shipping company, South Korea's Yonhap News Agency reported on Saturday, citing a Hyundai Heavy spokesman. The company will build container ships and tankers for Islamic Republic of Iran Shipping Lines, with delivery starting in 2018, Yonhap cited the spokesman as saying. The number of each type of ship was not disclosed. The deal was signed on Friday and was the first shipbuilding order by the Iranian firm since the lifting of international sanctions, Yonhap said.
MHI & Imabari Shipbuilding Agree Container Ship Collaboration
Mitsubishi Heavy Industries, Ltd. (MHI) and Imabari Shipbuilding Co., Ltd. The initiative aims to combine MHI's technological capabilities, as in the development of energy-saving vessels, and Imabari's strong cost competitiveness, in order to establish an advantageous framework for competing in the international shipbuilding market. By effectively utilizing the shipyards of both companies, together MHI and Imabari will become capable of flexibly accommodating bulk orders - e.g. construction of multiple ships of the same design - thus strengthening and expanding their respective business for high-value-added container carriers. The three-year collaboration agreement…
Iran to Enhance Fleet Strength
Four giant new container vessels will join Iran's shipping fleet next year. With the arrival of these vessels, the rank of the national shipping fleet in the work will rise to 16 from 20 at present, chairman of the Islamic Republic of Iran Shipping (IRISL) Mohammad Saeedi was quoted as saying. The report by the Fars news agency did not specify the type of the vessels but they are most likely Triple E ships which Iran has already ordered as part of a plan to expand its shipping fleet.
Asia Key to Recovery of Containerized Trade
Asian economies are leading the recovery of international container trade volumes, but strong growth across the region could see pre-recession pressure on freight infrastructure re-emerge, a senior executive of container shipping line APL told a conference in Ho Chi Minh City on May 20. “Intra-Asia is already the world’s single largest container trade,” Jason Wong, Vice President of APL’s Intra Asia trade, told the 8th ASEAN Ports & Shipping Conference. By 2015, Intra Asia will contribute 32% of global containerised trade, with the Asia-U.S. and Asia-Europe trades 17% and 18% respectively, according to analyst Global Insight. Wong said that along with China and India…