Contship Aurora News

Zealand. including 1300 reefer plugs. The large reefer capacity of these ships will significantly enhance Contship Containerlines' ability to carry temperature-sensitive cargoes. Containerlines brand. Business Unit. service between Europe, Australia and New Zealand. The retonnaging will also allow Contship Containerlines to restructure the additional services that it operates in this trade. round-the-world strings. one sailing eastbound the other westbound. Canal, returning via the Panama Canal and the East Coast of the USA. deployed in this string. Aurora. via South East Asia and the Suez Canal. capacity will be deployed in this string with three provided by Contship. announcements will be made in the near future. Mr Halliday. the Contship Containerlines brand.

CP Ships Limited has taken delivery of the 4100 teu Contship Aurora. It is the second in a series of new containerships being built under the company's $800 million ship replacement program and the first of three specially designed to carry a high proportion of refrigerated containers. Built by Daewoo in South Korea, Contship Aurora is destined for the Europe-Australasia trade lane where Contship Containerlines, one of CP Ships' seven brands, is upgrading its services with faster transit times, improved frequency and increased ability to serve customers' needs for greater refrigerated capacity. CP Ships is more than halfway through its overall ship replacement program, which remains on schedule.

Marking a departure from the company's highly effective chartering strategy of the past 30 years, three self-owned newbuilds are being phased into Contship Containerlines' core Australasian trades during the 2002 second-half. The 4,115-teu Contship Aurora class is technically distinguished by its considerable scope for perishable cargo, in that 1,300 plugs have been incorporated for integral type refrigerated containers. The trio ordered from Daewoo Shipbuilding & Marine Engineering is replacing tonnage deployed on Contship's Eagle service between Europe, Australia and New Zealand, operated in partnership with P&O Nedlloyd's eastabout and Mediterranean strings, and will ultimately contribute to a new, weekly eastabout, round-the-world schedule.

Owner Contship Containerlines Ltd. Builder Daewoo Shipbuilding and Heavy Machinery Co. Ltd. Constructed under U.K flag, Contship Aurora was ordered by CP Ships and delivered by Daewoo Shipbuilding & Marine Engineering Co., Ltd. Okpo Shipyard in September 2002. The vessel has been designed and built under the survey of Germanischer Lloyd — the first ship to qualify for Germanischer Lloyd's new "Green Passport" class character. This vessel has fully welded flush deck with forecastle, a raked stem with bulbous bow, a transom stern with open type stern frame, a semi-balanced rudder, a fixed pitch propeller and a bow thruster of controllable pitch propeller. Passageway from engine room to No.2 cargo hold space is arranged below the upper deck at both sides.

Contship Containerlines is offering passenger voyages directly to the public. The voyages are available on the Contship Aurora, Contship Australis and Contship Borealis - that Contship has recently introduced the eastbound routing of its contra-rotating services in the Europe-Australasia trade. The three new vessels are the first to be owned by Contship. the world's largest reefer contsinerships. calls on the US eastern seaboard. The full round-trip will take nearly 70 days. available. and WC. The cabins are fitted with beechwood furniture and fittings. Containerlines. "There is nothing mass-market or commercialised about a freighter. experience. screen television and a bar. Meals are taken in the Officers' Mess. returning to Tilbury.

they are among the most 'green' and environmentally friendly. even have their own 'green' passports. Europe/Australasia/North America services. Germanischer Lloyd. awarded Germanischer Lloyd's 'Green Passport' classification. shipowner/operator to demonstrate its commitment to the environment. emissions to the sea and air. legislation that is still pending. regional standards. · hold ISO 14001 accreditation through the ship managers. Australasia and Asia Business Unit. Card, or passport, is a very stringent regime for ships to meet. in helping to expand our business. environmental policies. ahead of the game . and much of the competition .

CP Ships Limited today announced unaudited operating income before exceptional charges for third quarter 2002 of $33 million, which is $1 million lower than operating income before exceptional charges for same period last year, and a $12 million improvement from the $21 million operating profit in second quarter 2002. Net income for the third quarter 2002 was $17 million, compared to a loss of $9 million. Basic earnings per share was $0.26 before exceptional charges and $0.19 after, compared with last year's $0.35 before and a loss of $0.11 after. "Stronger than expected volume particularly in the TransAtlantic and generally improved average freight rates led to better results for the quarter," said CP Ships' CEO Ray Miles.

CP Ships Limited has taken delivery of the 3200 teu TMM Colima. It was delivered on schedule by China Shipbuilding Corporation in Kaohsiung, Taiwan. TMM Colima is the third new containership to be delivered under CP Ships' four-year $800 million ship replacement program. It was preceded by sister ship Lykes Ranger delivered in June 2002 and Contship Aurora delivered in September 2002. It is being deployed in the Asia-Americas trade lane. CP Ships is more than halfway through its overall ship replacement program. By the middle of 2003, ten new, 13 used and six long-term charters will have replaced ships on short to medium-term charter. This will increase the owned and long-term committed fleet to more than 70% of total capacity from about 30% when the program started in 2000.