Teu Container News

MPC Container Ships (MPCC) has entered into contracts with Taizhou Sanfu Ship Engineering in China for the construction of six 3,700 TEU container vessels scheduled for first delivery in second half of 2028.Each vessel will operate under a 10-year time charter, with extension options, to a top five liner company.The vessels are based on the newest design, which optimizes speed and fuel consumption for regional and feeder trades, while keeping enough flexibility to shift between…

DNV has awarded an Approval in Principle (AiP) to the joint consortium of MSC, Zhoushan Changhong International, and CIMC ORIC for a new 21,700 TEU ammonia-dual fueled ultra-large container ship design.The AiP is another milestone in the development of next-generation, zero-carbon mainline container shipping.The proposed 21,700 TEU container ship integrates the latest-generation of ammonia dual-fuel main engines alongside oversized C-type ammonia tanks.The hull design, with a new vertical bow…

This week, container ship ordering news was dominated by the order by Hyundai Merchant Marine (HMM) for eight 13,400 TEU container ships.In a newly released report, the International Federation of Freight Forwarders Associations (FIATA) notes that the container fleet is aging. As of August 2025, the average fleet age of the top 10 shipping lines is relatively mature at around 13 years old, although there is variation amongst the different shipping companies. Evergreen and HMM currently operate the youngest fleet with an average age of nine years…

MPC Container Ships (MPCC) has entered into contracts with Jiangsu Hantong Ship Heavy Industry in China for the construction of four 4,500 TEU container vessels, scheduled for delivery starting first half of 2028.The contract price per vessel is $58 million and the agreement includes options for two additional vessels at the same price.Each vessel will operate under a 10-year time charter, with extension options, for a leading global liner company.The vessel design and commercial structure were optimized collaboratively with the charterer to ensure an optimal fit for their network…

SFL posts Q3 2025 revenue of $178 million and net income of $8.6 million; declares 87th consecutive quarterly dividend of $0.20 per share.Contracted charter backlog reaches $4 billion with a weighted average term of 6.5 years, two-thirds backed by investment-grade clients.Fleet optimization and $100 million in vessel efficiency and LNG dual-fuel investments underscore SFL’s long-term sustainability strategy.SFL Corporation Ltd. reported third-quarter 2025 operating revenues of $178 million and net income of $8.6 million…

Everllence has announced the world’s first conversion of an Everllence B&W S90 two-stroke engine to dual-fuel methanol running following the successful sea-trials of COSCO Shipping Lines’ 20,000+ TEU container vessel, COSCO Shipping Libra.The vessel’s 11S90ME-C engine was retrofitted to an 11S90ME-LGIM (-Liquid Gas Injection Methanol) unit.Everllence PrimeServ – Everllence’s after-sales division – partnered with COSCO Shipping Heavy Industry from concept to execution in delivering the world’s first S90 methanol engine retrofit…

Classification society DNV has awarded HD Korea Shipbuilding & Offshore Engineering (HD KSOE) an Approval in Principle (AiP) for a new 15,000 TEU container vessel design powered by Small Modular Reactor (SMR) technology.The design demonstrates the application of SMR technology in a 15,000 TEU container vessel, capable of operating at 24 knots.The vessel concept incorporates a supercritical CO2-based power generation system, which can provide higher thermal efficiency and a reduced…

At Gastech 2025, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Heavy Industries (HD HHI) received approval in principle (AIP) from ABS for its concept design of a 16,000 TEU container ship with an electric propulsion system.ABS completed design reviews based on class requirements, analyzing the power system including key elements such as power generation, power conversion and propulsion motors.“ABS, HD KSOE and HHI share a commitment to leveraging our combined resources and expertise to advance electrical applications in the maritime industry.

ElbFeeder, a joint venture of the Icelandic transportation company Eimskip and German listed ship-owner Ernst Russ, signed contracts for a pair of 2,280-TEU container vessels with the shipyard China Merchants Jin Ling Shipyard (Nanjing) Co. Ltd. The newbuildings will be an addition to the ElbFeeder joint venture and expand it to a total of nine vessels. Options for two additional vessels were negotiated.The newbuildings will be employed in the Eimskip Blue Line between Reykjavik…

The US Coast Guard Investigative Service (CGIS) has arrested the captain of the 8,814-TEU container ship MSC Jubilee IX for suspicion of operating the vessel while intoxicated following a boarding at Terminal 5 in Seattle, August 20.Watchstanders at Coast Guard Sector Puget Sound were notified by a Puget Sound Pilot aboard the MSC Jubilee IX, who reported the vessel’s captain was exhibiting signs of intoxication. The pilot and first mate operated the vessel during the transit from an anchorage near Everett…

Watson Farley & Williams (WFW) advised a consortium of lenders on an ECA-backed JOLCO financing for Ocean Network Express Pte. Ltd. (ONE) to finance four newbuild container vessels. The consortium comprised BNP PARIBAS (acting through its Tokyo Branch and as ECA Coordinator), The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch and Citibank, N.A., Tokyo Branch (as mandated lead arrangers) as well as Japanese export credit agencies Japan Bank for International Cooperation…

Watson Farley & Williams (WFW) advised MPC Container Ships ASA (MPCC) on two transactions as part of the implementation of its fleet strategy.The first transaction was the order of four new 4,500 TEU container vessels from Chinese shipyard Taizhou Sanfu Ship Engineering for a total investment of $228m. The ships are scheduled for completion and delivery to MPCC in the second half of 2027.MPC has already signed three-year charter agreements with a leading global liner company for these newbuildings. The vessels are prepared for conversion to alternative fuels such as ammonia or methanol and will therefore contribute to the decarbonisation of maritime transport in the long term.In parallel, MPCC sold three older 1,300 TEU vessels with existing charter agreements for a total price of $31.5m.

Danish shipping group A.P. Moller - Maersk has named the first vessel in a series of 17,480 TEU vessels equipped with dual-fuel methanol propulsion, which will operate under the name of Berlin Mærsk.The naming event took place on June 18, at Hyundai Heavy Industries’ (HHI) yard in Ulsan, South Korea.Berlin Mærsk is the 14th dual-fuel newbuild entering the Maersk fleet, and it will be followed by additional five sister vessels in this new class of container ships.All six vessels in the series are being built by HHI with delivery in 2025.

As a result of a major White House office wake-up call or Executive Order 14269 determining it is time to start building ships again, Washington DC announced America’s maritime industry has been “dangerously declining” and with that decline we have allowed China to become the dominant force in global shipbuilding. Hard to believe that for nearly 65 years we have overlooked how Japan first got ahead of us or the fact that Korea took the lead not soon after Japan. All that progress was ignored prior to anyone worrying about China.

MAN Energy Solutions will deliver the world's most powerful two-stroke methanol engine in June 2025. The engine, an MAN B&W 12G95ME-C10.5-LGIM (-Liquid Gas Injection Methanol) type rated at 82,440 kW @ 80rpm, is currently being built by Chinese licensee, CSSC-MES Diesel Co., Ltd. (CMD).The engine is the first of 12 bound for a series of 12 × 24,000 teu container vessels currently under construction: seven at Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) for shipowner, Orient Overseas Container Line Ltd. (OOCL); and five at Dalian COSCO KHI Ship Engineering Co., Ltd.

HD Hyundai Heavy Industries Engine & Machinery (HHI-EMD) has signed a contract with China Huangpu Wenchong Shipbuilding Company and Taiwan’s Evergreen Line to supply 18 methanol dual-fuel HiMSEN engines (7H22CDF-LM) for six 2,400 TEU container ships.HHI-EMD has successfully introduced the eco-friendly methanol HiMSEN engine H32DF-LM (3,000~4,500kW) for ultra-large container ships, with a total of 352 engines ordered and manufactured to date.Following this, the newly developed H22CDF-LM (1…

WinGD hit a milestone with its X-DF-M methanol-fuelled engine design, running the first commercial engine at full load on more than 95% methanol fuel. The 10-cylinder, 92-bore 10X92DF-M engine was run on a testbed at CSSC-MES Diesel (CMD) in Shanghai in mid-December.The engine will be installed on the fourth of a series of 16,000 TEU container vessels being built for COSCO Shipping Lines at COSCO Shipping Heavy Industry (Yangzhou) shipyard. Te single-fuel 10X92-B engines on earlier…

A Trump administration proposal aimed at reviving the U.S. shipbuilding industry may backfire by imposing steep fees on China-linked vessels—penalties that industry leaders say would hurt American ship operators and ports rather than help them, industry executives said at U.S. Trade Representative hearings on Monday.At issue are proposed, stacking fees on China-built vessels that could top $3 million per U.S. port call. The Trump administration says the fees would curb China's growing commercial and military dominance on the high seas and promote domestically built vessels. U.S.

COSCO Shipping Specialized Carriers has taken delivery of the Green Rizhao, a 77,000dwt general cargo ship which was certified as being built with zero carbon emissions by China Classification Society (CCS).The vessel’s maiden voyage will involve transporting machinery and containers from Chinese Ports to Brazil.The news comes as China's shipbuilding boom saw the nation account for 55.7% of deliveries and 74.1% of orders in 2024. Its shipbuilding capabilities have advanced to include 24,000 TEU container ships, LNG carriers and cruise ships such as the Adora Magic City.

The once bankrupt Chinese shipbuilder Rongsheng Heavy Industries has restarted business under the new name of Jiangsu New Rongsheng Heavy Industry.Rongsheng was previously the largest private shipbuilding company in China, and it owned four large docks, eight outfitting quays and two material quays. Its last vessel was delivered in 2017.Now, local media are reporting the yard has secured orders for eight dual-fuel LNG 11,500 TEU container ships from MSC and two 210,000dwt bulk…

Swiss marine power company WinGD’s first methanol-fueled engine is to be delivered to shipyard after passing factory and type approval tests, ahead of installation in 16,000 TEU container ship.The ten-cylinder, 92 bore X-DF-M engine is said to be the biggest methanol-fueled engine built to date.There are 56 X-DF-M engines on order across bore sizes ranging from 52 to 92, in similar cylinder configurations and engine rating fields as diesel-fueled X-Engines.The addition of methanol…

Orient Overseas Container Lines (OOCL) announced it has entered into charter agreements  with Seaspan, to charter six brand new 13,000 TEU container vessels for a maximum aggregate amount of RMB 11.2 billion. The expected delivery of these vessels is from the fourth quarter of 2026 to the first quarter of 2028 and is to be chartered for 15 years from delivery."OOCL has been continuously assessing the global economic situation, operating environment of the shipping industry, the supply and demand for container vessels as well as seeking the appropriate timing to introduce larger…

HJ Shipbuilding & Construction (HJSC) held a christening ceremony for two 7,700 TEU LNG dual-fuel (DF) container ships at its Yeongdo Shipyard in Busan last week, marking the company’s first LNG DF container ship construction.The event was attended by more than 100 guests, including Angeliki Frangou, Chairwoman of Navios Maritime Partners LP, Shunji Sasada, President of Navios, Kim Kyung-bae, President of HMM, Yoo Sang-cheol, CEO of HJSC, along with other officials. The two vessels…