New Containership News

BMA Technology has delivered a suite of electrical solutions for two new A2B-online’s multi-fuel container vessels, being built at Sedef Shipyard in Turkey.BMA Technology has provided a comprehensive suite of electrical solutions to power A2B-online's environmentally friendly container vessels, each with a capacity of 650 TEU.This includes components such as electric drives, motors, Li-ion batteries, low voltage switchboards and alarm monitoring and control system.These essential components are at the heart of A2B-online's two revolutionary container vessels…

A new containership planned for operations in Europe is set to become the world's first to use pure ammonia as fuel.Yara Clean Ammonia and NorthSea Container Line are establishing a joint venture, NCL Oslofjord, to operate the ammonia-powered ship Yara Eyde on routes between Norway and Germany from 2026.The project has been awarded just over NOK 40 million (US$3.6 million) from Enova, a Norwegian government enterprise promoting clean energy technologies.Ammonia is one of several alternative fuels gaining traction in commercial shipping to help cut emissions.

Classification society ABS informs it has awarded an approval in principle (AIP) to Korea Maritime Consultants Co., Ltd. (KOMAC) for a the design of a new containership engineered to run on ammonia fuel.The 3,600-TEU vessel is a design from KOMAC to address what they forecast as an increase in market need for small-scale, ammonia-fueled vessels.ABS said it conducted a comprehensive review and participated in the risk assessment of the ammonia fuel system in the AIP process to…

Classification society ClassNK announced new sets of guidelines to aimed at safer and more efficient ocean container transport. The new "Guidelines for Container Stowage and Securing Arrangements (Edition 3.0)" and "Guidelines for Parametric Roll Countermeasures" are available to download via ClassNK’s website.Responding to rapid increases in the size of container ships and advances in lashing technology, the Guidelines for Container Stowage and Securing Arrangements (Edition 3.0)…

The world's largest container shipping lessor Seaspan Corporation announced on Monday that it has accepted delivery of a new containership that will immediately begin an 18-year charter with a "major liner customer". The vessel is the first in a series of five 12,200 TEU newbuilds and the lead ship of 70 newbuilds announced by Seaspan."This delivery marks a major milestone in Seaspan's continuing quality growth and unmatched ability to best serve our customers," said Bing Chen, chairman, president and CEO of Seaspan, a wholly owned subsidiary of Atlas Corp.

Naval architecture and marine engineering firm Ulstein Design & Solutions AS said it is designing a unique, energy efficient containership that will run 100% emissions free and without the use of fossil fuels. The concept is being developed for Oslo-based EDGE Navigation, a maritime start-up focused on developing commercial ships with non-fossil propulsion. Ulstein did not reveal details on the alternative propulsion system, but said the ship would feature its patented X-BOW hull lines.

Winds of change are sweeping the maritime industry as vessel owners and operators seek ways to reduce vessel emissions. A new containership concept from Detlev Löll and TECHNOLOG joins a raft of new wind-powered cargo vessel designs aimed at reducing, or in some cases, entirely eliminating shipping emissions.The partners have designed a sailing ship that can carry 500 containers across the world's oceans with zero emissions, not only in favorable winds, but also in calm or unfavorable areas.

He had a visa and just the job—six months of work at sea and thousands in pay to send home. Then the virus struck.And like millions of other migrant workers who leave the Philippines to work abroad and send their earnings back to a myriad of dependents, a whole family saw its lifeline cut.“I was broke. Things were not easy for me and my family. I badly needed to go back to work at that time so I was looking forward to that trip,” said sailor Carlos Salvador Jr.Salvador was all…

The  international accredited registrar and classification society DNV GL awarded an Approval in Principle (AiP) certificate to Hudong-Zhonghua for its new gas-fueled 25000TEU Ultra Large Container vessel (ULCS) design.The AiP is for a design that would be the largest containership in the world.Knut Ørbeck-Nilssen, CEO DNV GL – Maritime, presented the certificate to Chen Jun, President of Hudong-Zhonghua, at the CSSC booth in Shanghai. The ceremony was witnessed by Chen Jianliang, Chairman of Hudong-Zhonghua, and Norbert Kray, Regional Manager of DNV GL – Maritime for Greater China.“We are very proud to cooperate with Hudong-Zhonghua on this project,” said Norbert Kray.“Hudong-Zhonghua has been a leading player in pushing the ship design envelop forward, especially for large vessels.

FESCO Transportation Group, the largest intermodal transport operator in Russia, announced that the ice-class container vessel “FESCO Magadan”, with full capacity of 822 TEU, joined its fleet."The flag of the Russian Federation was solemnly raised on the ship on July 2, the day of the formation of the city of Vladivostok," said a press note from the public transportation and logistics company.The container ship will be operated on FESCO cabotage service “FESCO Magadan Line”. The launch of this container carrier on “FESCO Magadan Line” is scheduled for August, 2019.The ice rate meets the standards required for operation in the northern part of the Sea of Okhotsk during winter-time.

Neo-Panamax container vessels experienced increased activity during the first quarter of 2019, compared to the fourth quarter of 2018, said  Capital Product Partners.While charter rates for feeder and panamax vessels remained relatively flat due to, among other things, the overhang of idle tonnage, charter rates for Neo-panamax vessels, especially 8,000 TEU designs or larger, saw marked increases, with 12-month charters being contracted at average daily gross rates of approximately $24,000, pointed out the Greece-based shipping company.At the end of the first quarter of 2019, the idle container fleet was estimated to represent approximately 3.2% of the current worldwide fleet…

Ocean Network Express East Asia (ONE EA) has celebrated the maiden voyage of the second of a series of seven 14,000 TEU-class magenta containership of the company, ONE MINATO at Yantian International Container Terminals Limited (YICT).Sailed under the flag of Japan,  One Minato is a newly built 14,000 TEU-class containership which was delivered from Imabari Shipbuilding Co., Ltd. in Hiroshima, Japan on 24 July 2018.At 365.94 metres length and 51.2 metres width, the vessel deployed on THE Alliance’s Asia to North America East Coast trade (EC4 service), made successful calls at ports of Kaohsiung and Hong Kong before calling at Yantian.She will continue her voyage to Cai Mep, Singapore via the Suez Canal to New York, Norfolk, Savannah and Charleston on the United States East Coast.

Yang Ming Marine Transport Corporation said that the consolidated revenues of Q1 totaled NTD 31.03 billion (USD 1.07 billion), up 2.58% compared with NTD 30.25 billion (USD 1.04 billion) in revenue from previous year. The company’s net loss, after tax, was NTD 1.95 billion (USD 67 million), EPS NTD-0.75. Volumes in 2018 Q1 also increased to 1.22 million TEUs, up 9% year over year. Under an improving container shipping market, Yang Ming has returned to profitability last year. In spite of the typical first quarter slack season, the financial report has shown continued year-on-year growth in volume and revenue which was better than expected, and also demonstrates the progress of Yang Ming’s strategy and global efficiency enhancement.

Seaspan Corporation said it has accepted delivery of the CMA CGM Cochin, a 10,000 TEU containership that will commence a fixed rate time charter with CMA CGM S.A. for a three year term with an option to extend for an additional three years.The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd. and Jiangsu New Yangzi Shipbuilding Co., Ltd., is the second in a series of four 10,000 TEU vessels under time charter to CMA CGM that are scheduled to deliver in the first half of 2018.

Mitsui O.S.K. Lines (MOL)  announced that one of world's largest containerships, the MOL Truth, was delivered at the Saijo Shipyard of Imabari Shipbuilding Co., Ltd. (President: Yukito Higaki, Headquarters: Imabari-shi, Ehime Prefecture) on October 31. The MOL Truth is the first containership with a capacity of over 20,000 TEU built in Japan, and the fifth in a series of six 20,000 TEU containerships that are operated by MOL. On October 25, it was named the MOL Truth. The new containership is 400m long, with a breadth of 58.5m, and has a loading capacity of 20,182 TEU. It will ply the Asia-Northern Europe trade as part of THE Alliance.

International transport and logistics executives using container shipping are facing the biggest shift in their ocean provider base for 20 years and must adapt their procurement and contract strategy, according to ocean freight procurement consultancy Drewry Supply Chain Advisors. In the last five years, beneficial cargo owners have been able to secure large reductions in freight costs by running traditional competitive bids with numerous providers in an over-supplied, fragmented market. “Today’s business environment is starkly different, so we are now pro-actively advising our BCO customers that last year’s contract strategy will simply not work as a blueprint for the forthcoming annual ocean tender,” said Philip Damas, Head of Drewry’s logistics practice.

Norwegian fertilizer producer Yara and maritime technology firm Kongsberg Gruppe are teaming up to build what they said would be the world's first fully electric and self-steering containership. "The new zero-emission vessel will be a game-changer for global maritime transport contributing to meet the United Nations sustainability goals," the companies said on Tuesday. Automobile makers and technology companies are already working on the development of self-driving cars and trucks, as well as electric vehicles.

The new year brings with it fresh hopes for a recovery in container shipping although the market remains fundamentally imbalanced, says an Alphaliner report. A slew of new records were set in 2016 but most of them marked new lows for a container shipping market that continues to suffer from excess capacity, with the weakness expected to persist for at least one more year. The global containership fleet grew by only 1.5% to reach 20.27 Mteu at the end of 2016, the lowest annual growth rate ever recorded in the industry’s history. Growth was kept low by the a record number of ships scrapped, with a total of 192 containership for 654,900 teu demolished in 2016.

Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 10000 TEU containership, the MOL Benefactor. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's ninth 10000 TEU SAVER design containership and first delivery in 2016. This is the 18th 10000 TEU vessel using Seaspan's fuel-efficient SAVER design constructed at Yangzijiang. The MOL Benefactor will commence an eight-year, fixed-rate time charter with Mitsui O.S.K. Lines Ltd. ("MOL"). The ship is the last of a total of five 10000 TEU SAVER design vessels to be chartered by Seaspan to MOL. With this delivery, Seaspan will have nine vessels chartered to MOL. The delivery of the MOL Benefactor expands the Company's operating fleet to 86 vessels.

Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 14000 TEU containership, the YM Width. The new containership, which was constructed at CSBC Corporation, Taiwan ("CSBC") is Seaspan's eighth 14000 TEU SAVER design containership and fourth delivery in 2016. This is the second 14000 TEU vessel using Seaspan's fuel-efficient SAVER design constructed at CSBC. The YM Width will commence a ten-year, fixed-rate time charter with Yang Ming Marine Transport Corp. ("Yang Ming"). Yang Ming may extend the charter for up to an additional two years. The ship is the eighth of a total of nine 14000 TEU SAVER design vessels to be chartered to Seaspan by Yang Ming. The delivery of the YM Width expands the Company's operating fleet to 89 vessels.

U.S. carrier in the Pacific Matson, Inc. has introduced a new containership service between the U.S. West Coast and ports in Samoa, American Samoa, Tonga and Fiji. Starting August 10, 2016, the shipper’s South Pacific Express (SPX) will for the first time link the its West Coast - Hawaii service with its South Pacific network. Using a dedicated ship to carry West Coast cargo transshipped at Honolulu, SPX will provide reliable, same-day-of-week South Pacific arrivals every 28 days, calling on Apia, Samoa; Pago Pago, American Samoa; Nuku'alofa, Tonga; Suva, Fiji and Lautoka, Fiji before returning to Honolulu. “We have sought for some time the right opportunity to link our networks in the northern and South Pacific in a way that enhances both operations…

Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 10000 TEU containership, the Maersk Genoa. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's eleventh 10000 TEU SAVER design containership and fifth delivery in 2016. The Maersk Genoa will commence a five-year, fixed-rate time charter with Maersk Line A/S ("Maersk"). Maersk may extend the charter with two consecutive one-year options.  The ship is the second of a total of two 10000 TEU SAVER design vessels to be chartered by Seaspan to Maersk. The delivery of the Maersk Genoa expands the Company's operating fleet to 89 vessels.

Seaspan Corporation  announced today that it accepted delivery of a 14000 TEU containership, the YM Warmth. The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's sixth 14000 TEU SAVER design containership and eighth delivery in 2015. The YM Warmth will commence a ten-year, fixed-rate time charter with Yang Ming Marine Transport Corp. ("Yang Ming"). Yang Ming may extend the charter for up to an additional two years. The ship is the sixth of a total of eight 14000 TEU SAVER design vessels to be chartered by Seaspan to Yang Ming. The delivery of the YM Warmth expands the Company's operating fleet to 85 vessels