Sener's FORAN Scores in Boxship Design
SENER said that two container ships designed by the Chinese company CIMC ORIC – that are part of a series designed with SENER’s FORAN System – are in operation. BG Diamond and BG Jade that have been launched and are operating in the Pacific Ocean. The vessels were built in Chinese Changhong International Shipyard. The floating ceremony of the first one, BG Diamond, took place in July 2017. The series include 4+4 vessels in total, so there are still six vessels under construction. FORAN system was implemented in this design company in December 2015.
CMA CGM to Acquire 25% Stake in CEVA
Container Shipping: ONE Begins
Japan's Ocean Network Express (ONE) announced the commencement of container shipping businesses on April 1, 2018. ONE is the result of an integration of the container operations of three Japanese shipping carriers, namely, Kawasaki Kisen Kaisha, Ltd ("K" Line), Mitsui O.S.K. Lines, Ltd (MOL) and Nippon Yusen Kabushiki Kaisha (NYK). In April 2017, MOL, NYK and 'K' Line, started services as "THE Alliance" with other major domestic and foreign shipping companies. Ocean Network Express will continue to provide services as an alliance member.
Photo of the Week: Cap San Antonio
Cap San Antonio anchoring in front of Montevideo, Uruguay. Herbert Boettcher took this photo for Hamburg Süd when he travelled on the container ship Cap San Antonio from Europe to South America and back to Hamburg. Boettcher started with his worldwide long time project Seamotion in 2004. Boettcher is a German professional photographer working worldwide for shipping companies to create photos of merchant ships with his unique visual language. He has been working as a graduate designer for more than 20 years and has already received numerous awards for his applied and free photographic work.
COSCO's OOCL Acquisition to Complete by End-June - vice chairman
Deal waiting for green light from CFIUS, China regulators; COSCO says keeping close eye on US-China trade tensions. COSCO Shipping's planned acquisition of Orient Overseas Container Line (OOCL) is on track to be completed by the end of June, the company's vice chairman Huang Xiaowen said on Tuesday. COSCO is still answering questions from the Committee on Foreign Investment in the United States on the deal, and is also awaiting a number of domestic approvals, Huang told a press conference in Shanghai. He said the deal needed U.S. approval as OOCL had some assets in that country.
London Thamesport Boosts Short Sea Capacity
Dutch-based transport company A2B-online Container B.V. has added a fourth weekly sailing on its service between Hutchison Ports London Thamesport and Moerdijk in The Netherlands. The new sailing is inaugurated today (18 April 2018) by the first call of the m.s. A2B Spirit (ex-Norfeeder), a Sietas 151 type 508 TEU container ship, the fourth of this class owned and operated by A2B. Commenting on the new sailing, Clemence Cheng, Executive Director Hutchison Ports, said:“London Thamesport offers its customers a service tailored to their specific demands.
ONE Stakeholders Announce Completion of Investment Payment
Japan's Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha have announced the completion of payment for investment in their new joint venture in the container shipping business, Ocean Network Express Pte. Ltd. (ONE). The JV was established in July 2017, with service commencing on April 1, 2018 with a total investment of USD 3 billion. The JV will be offering 85 services, calling at over 200 ports in 100 countries. K Line and MOL each hold 31 pct stake in the JV, while NYK participates with 38 pct share.
Containership Market Stays Strong
COSCO Shipping Holdings Co Ltd said it expects further growth in container shipping demand thanks to a continued recovery in global trade, after reporting it had swung to a net profit of $429.42 million for 2017. COSCO's optimism, which comes after Hong Kong peer Orient Overseas International Ltd (OOII) reported a profitable year, indicates that a recovery in the global container shipping industry could be here to stay. Shipping saw signs of improvement in 2017 after enduring its longest ever slump wrought by overcapacity and slow economic growth…
Drewry Predicts Modest Growth for Container Shipping
The outlook for the container shipping market in 2018 and 2019 is a combination of healthy demand growth that will outpace the fleet; resulting in a better supply-demand balance and slightly higher freight rates and profits for carriers, according to the latest edition of the Container Forecaster published by global shipping consultancy Drewry. “The bad news for carriers is that they are unlikely to see the very strong demand growth rates of early 2017 for the foreseeable future.
Photo of the Week
… The lights of the next port are already in sight. Herbert Boettcher took this photo for Hamburg Süd when he travelled on the container ship Cap San Antonio from Europe to South America and back to Hamburg. Boettcher started with his worldwide long time project Seamotion in 2004. Boettcher is a German professional photographer working worldwide for shipping companies to create photos of merchant ships with his unique visual language. already received numerous awards for his applied and free photographic work.
Mark Chu Steps Down as COO of Seaspan
Seaspan Corporation, the world's largest independent containership owner operator, has announced that Mark Chu has notified the company that he plans to step down from his roles as General Counsel and Chief Operating Officer to pursue other opportunities. Chu will remain in his current roles through August 31st, 2018 to help facilitate a seamless transition. Bing Chen, President and Chief Executive Officer of Seaspan said, "I would like to thank Mark for his many contributions to Seaspan over the years.
APL Rolls out China Bangkok Express Service
APL has announced the launch of the China Bangkok Express (CBX) service, a new shortsea service that directly links South China and Thailand each week. Characterised by competitive transit times, the CBX service promises the industry’s fastest connection from Nansha to Bangkok in four days. Also designed to transport special cargo, this service offers reefer and breakbulk solutions to facilitate these shipments. Shippers with cargo that are destined beyond Asia may also tap onto…
HullWiper Trial Program in Port Southampton
Trials are underway at Southampton as part of a pilot scheme to launch the eco-friendly HullWiper hull cleaning technology at the port. HullWiper is working to test the system on a range of vessels including cruise liners, Ro-Ro ships, container ships and general cargo carriers at the south coast port. Managing Director Simon Doran explains that the trials are to demonstrate the efficiency of the diver-and brush-free ROV to the harbour authority, Associated British Ports (ABP) in Southampton: “HullWiper provides an affordable…
North America Dominates Global Container Shipping Market
In terms of geography, North America dominates the global container shipping market . This is due to improved transportation services in this region, says a report from Persistence Market Research. The U.S. represents the largest market for container shipping followed by Canada in North America. In Europe, Germany, the U.K., Spain, Italy, and France hold the major share of the container shipping market. Asia is expected to witness high growth rates in the next five years, as many companies are constructing manufacturing facilities in this region.
MHI Kobe Shipyard’s Receives Orders
Mitsubishi Heavy Industries, Ltd. (MHI) has received consecutive orders for large size container ships from the Evergreen Group of Taiwan, one of the leading container transportation operators in the world. Since 1992, MHI has received orders for 38 container ships from Evergreen without a break, of which 32 ships have either been built, or are to be built at MHI’s Kobe Shipyard and Machinery Works, and six at Nagasaki Shipyard and Machinery Works. MHI Kobe has marked the launching of the 30th container ship for Evergreen on February 5, and christened as Hatsu Excel. Among Japanese shipbuilding companies, only MHI has recorded consecutive orders for 38 large size container ships from one ship owner.
Shipbuilding Company to Stay Busy Until 2012
Taiwan's CSBC has received orders for 11 container ships, which boosts CSBC's total orders to 67 ships, enough to keep CSBC busy until 2012, the company said on Tuesday. On Monday, CSBC signed a contract to build seven container ships for Taiwan's Yangming Marine, CSBC President Fan Kuang-nan told Deutsche Presse-Agentur dpa. The order, worth 800m, is for five 8,240-TEU container ships and two 6,600-TEU container ships, to be delivered before 2012. The Yangming order comes at the heels of a European shipping company's order for four container ships. CSBC president Huang signed the contract in Switzerland last week. It includes a firm order for four 1,700-TEU container ships worth $250m, with the option for two more. Source: Earth Times
ClassNK: Amendments to Rules of Container Carriers
PRESS RELEASE -- Classification society ClassNK (Chairman and President: Noboru Ueda) announced that it released amendments to its Rules and Guidance for the Survey and Construction of Steel Ships on 25 December 2015, including structural strength requirements of container carriers. In response to a large container ship casualty in June 2013, ClassNK established The Investigative Panel on Large Container Ship Safety, which comprised of shipbuilders, shipping companies, and people with relevant knowledge and experience, to investigate the possibility of casualty occurrence and the structural safety of large container carriers. The results…
Containership Scrapping Maintains Record Pace
Containership demolition has reached an all time high, providing a positive surprise for the struggling container shipping sector. “The demolition activity in the last three months’ surprised BIMCO positively and it exceeded our initial expectation based on the appalling 2015 demolition activity,” said BIMCO’s Chief shipping analyst Peter Sand. “It is important that the demolition of excess capacity comes sooner rather than later, as there is still a huge delivery schedule hanging over the container shipping industry for the rest of this year and well into 2017-2018,” Sand said.
Philippine Shipyard to Build 10 Container Ships
Despite the current global economic slowdown, Hanjin Heavy Industries & Construction (HHIC)-Phil's Subic Shipyard has won a bid to build mid-size container ships for the first time this year. The shipbuilder recently announced that it has signed a USD 450 million contract to build ten 5,000TEU container ships (options included) with ship owners in Europe. These days, large vessels have been the mainstream in the container ship market with little demand for mid-size container ships (5,000TEU).
Transas Awarded An Order For OOCL Container Ship Model
According to the order received from the global container transportation company, Orient Overseas Container Line (OOCL), Transas Marine will create a mathematical and visual model of the company's 75,000-ton container ship. OOCL will use the container ship model at its simulator training facilities in Zhoushan, China, where a Navi-Trainer Professional simulator from Transas was installed in early 2000. Transas will design the simulated model in full accordance with real characteristics of OOCL's vessels. This will give the container company's navigators the excellent opportunity to try the maneuverability of their ships and improve their navigating skills prior to embarking upon an actual voyage.
MPC Buys Secondhand Feeder Vessel
Oslo based ship owner MPC Container Ships ASA said it has reached a deal to acquire SITC Makassar, a 2,496 TEU vessel built in 2006 in Germany. The vessel, to be renamed AS Patricia, will be acquired for $9.9 million, including initial working capital. The vessel will be taken over by the company’s 50/50 joint venture during April 2018. “Despite observable increases in secondhand vessel prices, . . . the current price level still offers an attractive entry point for further acquisitions,” the company said in its 2017 Annual Report. “As such, the Group intends to further grow its fleet through accretive acquisitions in 2018.”
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 13,800-TEU container ships from Korea Infrastructure Investments Asset Management Co (KIIMA). KIIMA will place new build orders with Hyundai Heavy," the broker said in a report. Merrill has a buy rating on Yangzijiang's stock with a target price of S$2.12.
LR to Class First 10,000 TEU Containership
Lloyd’s Register is to class the world’s largest declared capacity container ships – four 10,000 teu vessels, to be built in Korea at Hyundai Heavy Industries for China Ocean Shipping Corporation (Cosco). The vessels will be delivered between late 2007 and mid-2008. Each of the ships will measure 1,145 x 149.6 x 90.8 ft.(349 x 45.6 x 27.7) and is powered with a 12-cylinder 94,000 hp engine driving it to 25.8 knots. “The 10,000 teu container ships ordered by Cosco are the next step towards the 12,500 teu limit,” said David Tozer, Lloyd’s Register’s Business Manager - Container Ships. “Beyond 12,500 teu we expect that container ship and container terminal design will have to undergo significant change.