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
Container shipping company Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Maersk Line A/S for one of its Post-Panamax container vessels, the m/v Great. The charter, expected to commence on August 15, 2015, has a gross rate of $14,750 per day, minus a 5 percent commission paid to third parties, for a period of minimum six months to maximum nine months.
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
Press release - Diana Containerships has signed a Memorandum of Agreement to sell to an unaffiliated third party the 1995-built vessel "Garnet" (formerly "APL Garnet") for demolition, with delivery due to the buyer by the end of September 2015, for a sale price of approximately $7.85 million before commissions. Upon completion of the aforementioned sale, Diana Containerships Inc.'s fleet will consist of 13 container vessels (5 Post-Panamax and 8 Panamax).
KKR & Co LP's Embarcadero Maritime unit will pay $254.5 million to buy 18 dry bulk and container ships from Commerzbank AG's Hanseatic Ship Asset Management GmbH, the companies said on Thursday. U.S. private equity firm KKR and London-based independent ship operator Borealis Maritime formed the Embarcadero Maritime joint venture in 2013 to invest in distressed shipping assets as several fleets struggled with overcapacity.
A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an industry battling over capacity, low demand and falling rates, consultancy firm Drewry said. In 2015, demolitions were less than half of the expected 2016 level but it will not be a real relief for the struggling container shipping industry. "This will only make a dent into the over-capacity built during the 2010-15 period," Drewry wrote in a note.
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.
MAN Diesel & Turbo has won the order to supply Danaos Shipping Co. Ltd. with fixed pitch Kappel propellers, propeller boss caps with fins, and Engine Power Limitation for two container vessels – the 8,500 TEU ‘CSCL Europe’ and ‘CSCL America’. Mr. Dimitrios Vastarouchas, Technical Director & Deputy Chief Operating Officer of Danaos said: “At Danaos we look forward to have the vessels upgraded
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
Shanghai-listed Cosco Shipping Holdings sold eight container vessels to scrap during the fourth quarter 2016. The ships correspond to a total tonnage of 409,914 dwt, and the youngest in the pack was 15 years old, says the Chinese carrier. "The Group had disassembled eight container vessels (Luo Ba He, Jun He, Yue He, COSCO Qingdao, Wan He, Lu He, COSCO Ran and COSCO Sakura) during the fourth quarter of 2016," said a statement from the company.
MacGregor, Rolls-Royce to Study Containership Autonomy A new collaborative research and development initiative will explore the impact of developments in autonomy for cargo ship navigation and cargo systems onboard containerships.
The Cabinet Committee on Economic Affairs, India chaired by the Prime Minister Narendra Modi here on Wednesday approved fresh estimates of the project Deepening and Widening of Mumbai Harbour Channel and JN Port Channel (Phase-II).
Collaboration between the Ports of East London and Ngqura, together with the South African Maritime Safety Authority (SAMSA), helped avert another potential maritime disaster in the Eastern Cape during the past week. Transnet National Ports Authority (TNPA) towed the BBC Shanghai
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that it plans to reactivate one of its Post-Panamax container vessels, the m/v Pucon. The company also announced that, through a separate wholly-owned subsidiary
At the assembly of North Adriatic Ports Association (NAPA) the port of Koper, Dragomir Matić, president of Luka Koper took the half-year presidency of the NAPA association. As emphasized at the meeting of representatives of the ports
Diana Containerships Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with Orient Overseas Container Line Ltd. (OOCL), Hong Kong, for its 5,576 TEU Post-Panamax container vessel m/v Great built in 2004.
Kalmar, part of Cargotec, has delivered nine Kalmar Gloria reachstackers to the Italian ro-ro and container shipping line Messina Group. The order includes a Kalmar Complete Care maintenance contract, which brings several advantages, such as financial predictability
APM Terminals has significantly increased its previously announced USD $70 million investment plans for the APM Terminals Port Elizabeth facility, and now plans an investment total of USD $200 million. This figure includes ordering four next-generation Ship-To-Shore (STS)
Estuary Services Limited (ESL), a joint venture between the Port of London Authority (PLA) and Peel Ports London Medway, is continuing its fleet replacement plan and buying another new pilot boat for its pilot transfer operations serving the ports of London and Medway.
The joint effort undertaken by a Disaster Management team at the Port of Ngqura has helped to avert a potential maritime disaster and ultimately saved the container vessel APL Austria, which caught fire last weekend. Transnet National Ports Authority, Transnet Port Terminals
Two container shipping lines, France's CMA CGM and Israel's Zim, have signed up with Alibaba to allow customers to book space on their vessels through the Chinese e-commerce giant, in a bid to boost sales as the sector battles a severe downturn.
The state-backed ship financing company Korea Shipping is looking to buy up to ten container vessels operated by Hyundai Merchant Marine (HMM), and lease them back to the shipping firm, says a report in Yonhap. “Korea Shipping will provide some 720 billion won (USD 633
In January 2017, following the completion of the sale of the MSC Cristina, Navios Maritime Partners repaid approximately $100 million of bank debt. Proforma for these repayments, net debt/book capitalization for December 31, 2016, has decreased to 36.5%
Diana Containerships has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CMA CGM S.A., Marseille, for one of its Post-Panamax container vessels, the m/v Rotterdam.
Diana Containerships Inc. today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hapag-Lloyd AG, Hamburg, for one of its Post-Panamax container vessels, the m/v March, for a period of minimum nine (9) months to maximum fourteen (14) months