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Container Vessel

Shipyard Builds Container Vessel in 54 Days

According to reports, Shanghai Shipyard & Chengxi Shipyard Company Ltd built a 3,500 TEU container vessel in only 54 days, breaking China's record of 60 days for a mid-sized container vessel. The team has already signed orders till the end of 2009. The state-owned Shanghai Shipyard & Chengxi Shipyard Co. updated their traditional shipbuilding skills when they moved to Chongmong Island from Lujiazui area in Pudong. The original technique took more than 140 days to build a 3,500 TEU container vessel. Shanghai Daily News


OOIL Orders Two Containerships For $160M

Orient Overseas (International), the shipping giant controlled by Hong Kong Chief Executive Tung Chee-hwa's family, said two of its subsidiaries have entered into a contract with Samsung Heavy Industries Co Ltd to build two container vessels. The two post-Panamax container vessels, worth a total of $160 million, represent about 20.9 percent of OOIL's net tangible assets, the company said in a published statement. Each can carry 7,400 teu


Lloyd’s Register to Class New Fleet of Container Ships

Lloyd’s Register will class a series of five 8,100teu container ships to be built at Samsung Heavy Industries. The ships, ordered by Seaspan and China Shipping Group, are the largest container vessels to be built in South Korea. Lloyd’s Register, the market leader for construction of this size of container vessel, won this contract with a comprehensive package of benefits relating to each stage of the design, new construction and operation phases.


Container Vessel Damages San Francisco Bay Bridge

The U.S. Coast Guard received a report of a container vessel Cosco Busan allision with the San Francisco Bay Bridge. The vessel was out bound with a pilot onboard at the time of the allision. The vessel reported damage to the forward left side and bulk fuel (MF 380) was leaking from the vessel. Visibility was limited during the time of the allision due to fog. U. S. Coast Guard and San Francisco Police Department are enforcing a 100 foot saftey zone around the vessel and the fuel in the


World’s Largest Full Spade Rudder Installed

Reportedly the world´s largest full spade rudder, engineered by Becker Marine Systems, has been recently been successfully installed on the first of a series of 8,400 TEU container vessels currently building at Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea. The vessel is owned by Norddeutsche Vermögen and will be chartered to Hapag Lloyd. The installed twisted TLKSR® rudder measures 67 m2 and is designed for a speed of about 26 knots.


Containership Giant Calls Hamburg on Maiden Voyage

On February 23 2011, the container vessel CSCL Star called the port of Hamburg on her maiden voyage in their Far East liner service Asia-Europe Express-1/China-Europe-Mediterranean Service (AEX-1/CEM).  CSCL Star with a capacity of 14 074 TEU, based on her container slot capacity, is the largest container vessel ever dispatched in the port of Hamburg. With a length of 1,200 ft and a beam of 168 ft the CSCL Star can load 20 rows of containers. Fully loaded she reaches a maximum draft of 50


Samsung Lands $330 Million in Orders

South Korea's Samsung Heavy Industries Co. said on Saturday it won $330 million in orders to build a liquefied natural gas (LNG) carrier for BP Amoco Plc and two large container vessels for Hong Kong's Orient Overseas Container Line Ltd (OOCL) - scheduled for delivery in early 2004. BP Amoco would pay Samsung Heavy $170 million for a 138,000-cu. m. LNG carrier, a Samsung spokesman said. The two container ships for OOCL


Seaspan, Cosco Agree to $1.9b Lease

According to Bloomberg, Seaspan Corp., will lease eight container vessels to a unit of China Cosco Holdings Co. for $1.9b. Cosco Container Lines Co., will pay a daily fee of $55,000 a vessel during the 12-year contract, Seaspan said. The Seaspan vessels are designed to carry 13,100 standard containers measuring 20 ft. in length, among the largest ships of their kind. They are scheduled for delivery in 2011. Source:


Panama Canal Debuts Revised Measurement, Pricing

Following a recommendation from the Board of Directors of the Panama Canal Authority (ACP), the Cabinet Council of the Republic of Panama today approved a new measurement and pricing system for full container vessels and other vessel types with on-deck container carrying capacity. “The bottom line is that we simply closed a loophole that prevented us from charging for containers carried on-deck,” said Administrator/CEO Alberto Alemán Zubieta


SFL Acquires Two Containerships, Settles Bulker Claim

Ship Finance International Limited (SFL) has announced the agreement to acquire two 5,800 teu post-panamax container vessels built in 2001/2002 in combination with long-term charters. The vessels are expected to be delivered to SFL over the course of the next few weeks, and the annual EBITDA contribution is estimated to be approximately $5.5 million on average during the charter period. The charters include a purchase option with profit share after five years.


Greek Owners CPP Charter Out Three Tankships

MT Avax: Image courtesy of CPP

Capital Product Partners L.P. (CPP) an international diversified shipping company, says it has secured time charter employment for the M/T ‘Avax’, M/T ‘Agisilaos’ and M/T ‘Alkiviadis’. M/T ‘Alkiviadis’ (36,760 dwt


UASC and Hamburg Süd Sign Cooperation Agreement

Photo: UASC

Two leading container shipping lines United Arab Shipping Company (UASC) and Hamburg Süd have signed a global cooperation agreement after a series of discussions focused on the companies’ respective customers’ business needs, key growth areas and operational requirements


Tankship, Gas Carrier, Containership Newbuilds: Latest Orders

Ships bow: File photo

Reported business this week has been focussed on the tanker, container and gas markets, says Clarkson Hellas in their latest S&P Weekly Bulletin. Tankships Whilst under discussion for some months, Knutsen NYK Offshore Tankers have now signed two firm plus two optional 160


Samsung Heavy Venturing Overseas

SHI is ready to invest around $950 million in the overseas shipbuilding facility by 2017, according to SHI’s Chief Financial Officer Chun Tae Heung. Tankers, bulk ships and smaller container vessels might in the future be built in Malaysia, Indonesia or Vietnam, Chun said.


KKR & Borealis Maritime Acquire 9 Containerships

Containerships sunrise: File photo

KKR and Borealis Maritime say they have acquired a portfolio of nine feeder container vessels in a sale process coordinated by Commerzbank. The vessels were previously owned by a number of German KG funds and were originally financed by Commerzbank


Hamburg Süd Christens Containership in S. Korea

Hamburg Süd’s San Christobal will operate between Asia and the east coast of South America from September 2014

Hamburg Süd yesterday celebrated the christening of its new containership San Christobal with customers and business partners at the Hyundai Heavy Industries shipyard in Ulsan, South Korea. The vessel is the second newbuild in the series of three new San-class ships.


Telemar to Supply Broadband for Herm. Dauelsberg

Telemar GmbH, the German subsidiary of the Telemar Group, closed an agreement with Herm. Dauelsberg for the supply of a complete “turn-key solution” for their fleet of 18 vessels. The shipping company Herm. Dauelsberg is based in Bremen with a longstanding tradition going back more


KKR, Borealis Maritime JV acquires 9 container ships

Christoph Toepfer and Frederik Rye-Florentz of Borealis Maritime.

KKR and Borealis Maritime today announced the acquisition of a portfolio of nine feeder container vessels in a sale process coordinated by Commerzbank. The vessels were previously owned by a number of German KG funds and were originally financed by Commerzbank


No Sign of Ultra-Large Containership Mega Hubs: Analysis

Container terminal: Photo Maersk

Contrary to the views of some in the industry, Ultra Large Container Vessels are continuing to call at multiple North European ports per loop and are not concentrating on a mega-hub, according to Drewry’s latest Container Insight Weekly, excerpted here.


Fuel-saving Modifications for Containerships’ Engines

Photo: MES

Mitsui Engineering & Shipbuilding Co., Ltd., and 100% owned subsidiary MES Technoservice Co., Ltd., have received an order from a Taiwan shipowner for fuel-efficiency modifications to the main engine (Mitsui-MAN B&W 12K98MC/M6) of three large type container vessels.


UK Port of Liverpool Receives C-TPAT Accreditation

Distinguished visitors to Liverpool 2: Image courtesy of Peel Ports

Peel Ports operators of the Port of Liverpool, says it has been accredited by US Customs and Border Protection as a certified partner in the Customs-Trade Partnership Against Terrorism (C-TPAT) programme. The accreditation system validates ‘best in class’ security and detection


DNV GL Presents AIP for ‘LNG Ready’ Mega Box Ships

From right to left: Tor Svensen, CEO of DNV GL Maritime, presents the Approval in Principle for the first “LNG Ready” mega box ships to Oi Hyun Kim, CEO and COO of HHI’s Shipbuilding Division, and Waleed Al Dawood, COO of United Arab Shipping Company, in the presence of His Excellency Sheikh Ali Bin Jassim Al Thani, UASC Board Member.

Wednesday at the SMM trade fair in Hamburg, DNV GL presented Hyundai Heavy Industries (HHI) and United Arab Shipping Company (UASC) with an Approval in Principle (AIP), recognizing the technical feasibility of the LNG fuel system design for the A14 and A18 series of container vessels


Giant Reefer Ship Makes Maiden Call in Rotterdam

Cap San Lorenzo (photo courtesy of the Port of Rotterdam)

Hamburg Süd’s Cap San Lorenzo docked for the first time in the port of Rotterdam on Thursday, September 4. At the Euromax Terminal, the captain was presented with the traditional port plaque   associated with a maiden call


Asia-Europe Container Freight Rates Fall 6.6%

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.6 percent to $1.055 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.


Post-Panamax Ship Delivered to Diana Containerships

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, today announced that, through a separate wholly-owned subsidiary, it took delivery of the m/v YM March, a 2004-built Post-Panamax container vessel of 5






 
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