Wärtsilä Prop Solutions Help Optimize Yang Ming Lines Slow Steaming Ops
Wärtsilä will supply its Fixed Pitch Propeller (FPP) and EnergoProFin solutions for two container vessels owned by Yang Ming Lines, the Taiwan-based shipping company, to help the container ship operator maximize efficiency in slow steaming mode.The Wärtsilä solution is designed to enable this adjustment, allowing the speed of the two vessels to be reduced from 24 to 18 knots.The two vessels, the ‘YM Mobility’ and the ‘YM Milestone’, are the last in a series of four Yang Ming ships to be retrofitted with the Wärtsilä FPP and EnergoProFin solutions.
Port of Manila Cargo Flow Improves
The Port of Manila decongested its yard space by removing some overstaying containers said a port representative.The collaborative synergy between Asian Terminals Inc. (ATI), port authorities and international shipping lines has yielded positive gains in significantly freeing up yard space and further easing cargo flows at the international gateway port Manila South Harbor.As of March 4, yard utilization at Manila South Harbor has reached optimal levels at 65 percent from high 90s in preceding weeks, owing largely to concrete steps taken by its stakeholders, the cooperation of importers and the support of the Bureau of Customs (BOC) and the Philippine Ports Authority (PPA).In mid-February…
Wilhelmsen Ships Contract, Yang Ming Lines
Wilhelmsen Ships Service has secured a two-year contract to supply chemicals and gases to Yang Ming Lines, in a deal valued at around $1m. The contract which was secured by Wilhelmsen Ships Service’s office in Taiwan will commence in early 2010. The company will supply marine chemicals, oxygen and acetylene gases, refrigerants and other gases at key ports including Shanghai, Taiwan, Singapore and Hong Kong. “We are very pleased to have gained this valuable contract with Yang Ming Lines” commented Fanyi Lu, Wilhelmsen Ships Service’s account manager in Taipei. Yang Ming operates a fleet of 94 vessels with a 4.0-million-D.W.T, mainly container ships as well as 10 bulk carriers. The company transports more than 2.4 million TEUS (Twenty Feet Equivalent Units) a year.
Danaos Orders TEU Post Panamax Containerships
Danaos Corporation announced that it has ordered three 10,100 TEU containerships. All three Post Panamax containerships will be built by Hyundai Samho Heavy Industries and are expected to be delivered to Danaos in January, February and March of 2011. Danaos has also arranged for a large international liner company to charter all these vessels for 12 years each, at accretive rates. This deal increases Danaos' contracted fleet of newbuildings to 34 vessels with a total carrying capacity of 243,468TEU or 160% of its current fleet. The total contract deal size for these three vessels is approximately $450 million and will be financed by own funds and debt.
Danaos Orders 3 Containerships
Danaos Corporation ordered three 10,100 TEU containerships from Hyundai Samho Heavy Industries. The ships are expected to be delivered to Danaos in January, February and March of 2011. Danaos has also arranged for a large international liner company to charter all these vessels for 12 years each, at accretive rates. This deal increases Danaos' contracted fleet of newbuildings to 34 vessels with a total carrying capacity of 243,468TEU or 160% of its current fleet. The total contract deal size for these three vessels is approximately $450 million and will be financed by own funds and debt. Upon delivery, this three vessel block addition to Danaos' fleet of containerships is expected to contribute annually approximately $ 51 million of additional EBITDA.
COSCO Launches New Shipping Service
China Ocean Shipping Corporation (COSCO) Container Lines has launched a weekly shipping service from Shanghai to Japan and the U.S. east coast. Operated jointly by COSCO, Japan's Kawasaki Kisen Kaisha Ltd. and Yang Ming Lines of Taiwan, the service will shorten travel time between Hong Kong and New York from 33 days to 26 days and went into operation on Monday, officials said. The route starts in Shanghai with stops at Yantian, in south China's Guangdong province, Hong Kong, and the U.S. cities of New York, Norfolk, Virginia, Charleston, South Carolina, and Japan's Tokyo and Kobe, they said. Nine ships, each with a capacity of 3,400 teu, will reportedly be used on the route.
