Container Shipping Operator News

The globally exclusive HydroPen distributor and leading safety solutions expert, VIKING Life-Saving Equipment, has announced the signing of a fleetwide contract with a major global container shipping operator to integrate the HydroPen System for container firefighting. Beyond the revolutionary system developed by Rosenby Engineering, the scope of supply also includes MED approved mobile water monitors, providing a further boost to the operators’ onboard fire safety setup.Closing the container safety gapWith the deal…

China State Shipbuilding Corporation (CSSC) has commenced construction of CMA CGM’s 22,000 TEU boxships, which would make them the largest container vessels in the world, reported China's official media.The two are among nine 22,000 TEU vessels deal signed by French container shipping operator CMA CGM and China State Shipbuilding Corporation (CSSC) in September last year.Built by Shanghai-based Jiangnan Shipyard and Hudong-Zhonghua Shipbuilding, the two container vessels measure 400 meters in length, 61.3 meters in breadth and 33.5 meters in depth.The deadweight of the box ship is 220,000 DWT, which can contain 1,000,000,000 iPhoneX (with standard packing box).

ABB turbochargers installed on board China’s largest containership help to ensure optimal performance and fuel efficiency.The flagship in COSCO SHIPPING Lines’ Universe mega containership series, the 21,000+ TEU COSCO Shipping Universe, was delivered in June 2018 by Chinese shipbbuilder Jiangnan Shipyard (Group) Co. Ltd. The vessel is equipped with three ABB A180-L two-stroke turbochargers to match the diesel main engine and four ABB TPL67-C33 4-stroke turbochargers to match four auxiliary engines.COSCO SHIPPING Lines Co.…

China’s Cosco Shipping Holdings Co received the clearance  of a U.S. national-security review body, removing a major overhang of the USD 6.3 billion deal of taking over Orient Overseas International Ltd (OOCL). According to a Reuters' report, the U.S. Committee on Foreign Investment in the United States had notified it that it does not have any outstanding security issues following an agreement with the U.S. government to divest the Long Beach container terminal business to a third party. Cosco said the U.S. regulator has cleared its planned takeover of the Hong Kong-based container shipping operator, after Cosco agreed to place a large container terminal in Long Beach, Calif., into a U.S.-run trust and put it up for sale.

Global mobile satellite communications services provider Inmarsat has signed a five-year contract with Hapag-Lloyd to migrate all ships directly managed by the shipping line to services enabled for Fleet Xpress. Hapag-Lloyd, the sixth largest container shipping operator in the world by Twenty Foot Equivalent Unit (TEU) capacity, will transition all existing ships that it manages in-house from Inmarsat FleetBroadband services to Fleet Xpress. The agreement also covers five 10,500 TEU vessels as latest new builds.

Speculations about an upcoming sale of Hamburg Süd have intensified in the market, says a report in WSJ. Hamburg Sud, the seventh-largest container-shipping operator world-wide in terms of capacity, is part of the Oetker Group, a family-owned German conglomerate, involved in shipping, banking, food and beverages. The Oetker family is discussing a sale of the shipping business, but no decision has been reached, one of the people said. “If a sale is decided, the process could start before the end of the year,” the person said. The price may seem high but the biggest obstacle could be the internal power struggle in the Oetker family, says some report. In its latest earnings statement, Hamburg Sud said it had revenue of $6.73 billion in 2015, but gave no net-income figures.

Though the Danish conglomerate AP Møller-Maersk posted higher-than-expected earnings, it has cut its forecast for global trade growth and abandoned several medium-term profit forecasts, as per a report in FT. Maersk overcame low oil prices and freight rates in its container shipping business to post a 7 per cent fall in underlying net profit in the second quarter at $1.1bn, which was well ahead of analysts’ expectations of $820m. The world’s biggest container-shipping operator by capacity adapts to persistently low crude prices and stiff competition in the cargo market. It suffered a loss of market share in the first quarter amid growing price competition. Afterward, the company decided to price more dynamically to fight back.

Orient Overseas (International) Ltd. has placed a new order for six mega 20,000 teu container ships from South Korean shipbuilder Samsung Heavy Industries Co. for US$951.6 million. Orient Overseas, controlled by the family of former Hong Kong chief executive Tung Chee-hwa, said the container vessels will be delivered in 2017. The company plans to fund the purchases with a bank loan for up to 70 % of the costs and the remainder funded by its internal resources, a stock filing of the company said on 1 April. The contract price of each vessel is payable in cash in five equal installments. The deal marks the container shipping operator's first major fleet expansion in nearly four years…

Shippers to begin monitoring from 2018; Environmental groups say law is weak, shippers favorable. The shipping sector will for the first time have to monitor its carbon emissions under a law agreed by the European Union on Wednesday, intended as a step towards tackling a growing source of pollutants linked to climate change. International shipping accounts for around 3 percent of the world's emissions of carbon dioxide, a share which could increase to 18 percent by 2050 if regulation is not in place, according to the International Maritime Organisation (IMO). The law stops short of including shipping in the EU's Emissions Trading System (ETS), the bloc's flagship tool for cutting pollution, but EU officials said it was a step in that direction.

Container shipping operator Seaspan Corp. signed an order for four new container vessels to be built by Hyundai Heavy Industries Co. Ltd. in South Korea. Reuters reported that four 5,100 twenty-foot equivalent unit (TEU) container ships would cost approximately $83.4m each. The company, which has corporate headquarters in Vancouver, has arranged 12-year charters for the four vessels with Japan's Mistui O.S.K. Lines Ltd. at a per ship daily rate of $28,880. Each of the four ships should contribute between $8.5m and $9m annually in incremental EBITDA, or net earnings before interest, undrawn credit facility fees, taxes, depreciation and amortization of deferred financing fees. The ships will be delivered between April and December 2009.

Contship Containerlines services between Australia and Europe - currently being upgraded into two contra-rotating loops - now enjoy third party endorsement at both ends of the trade. Zealand has picked up awards for best transit times and schedule reliability from two independent authorities on the subject. In Australia recently, at the Lloyd's List Daily Commercial News Shipping Awards, Contship Containerlines scooped first place for schedule integrity in the trade from Australia to Europe, as well as from Australia to South Asia. reliability and transit times to the Australian base ports of Fremantle, Melbourne and Sydney. Comments David J. Under the restructuring, Contship's existing services have been replaced by two contra-rotating round-the-world strings.