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ZIM's First LNG-powered Containership Begins Maiden Voyage
Israeli container carrier ZIM announced its first vessel fueled by liquefied natural gas (LNG) has set sail on its maiden voyage.The 15,000 TEU dual-fuel box ship Zim Sammy Ofer, built by South Korea's Samsung Heavy Industries, is the first of 10 vessel ordered in a long-term chartering agreement between ZIM and Seaspan Corporation.The Neo-Panamax vessel is 366-meters long with a 51-meter beam. The vessel has a max service speed of 22.5 knots…
Shipping Industry Grapples with Ways to Cut Cargo Fires at Sea
Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires erupting inside containers or in cars at sea, officials said on Wednesday.Shipping transports around 90% of world trade onboard different vessels including container and Ro-Ro ships with trade routes getting busier.In a new initiative, leading carriers Evergreen Line of Taiwan, South Korea's HMM…
Zim Sammy Ofer: The First LNG-powered Vessel in ZIM's Fleet
South Korea's Samsung Heavy Industries shipyard hosted a naming ceremony for the 15,000 TEU LNG dual-fuel vessel Zim Sammy Ofer.The Zim Sammy Ofer is the first of 10 vessel ordered in a long-term chartering agreement between ZIM and Seaspan Corporation. The vessel was named after the late shipping magnate Sammy Ofer, who passed away in 2011. The Neo-Panamax vessel is 366-meters long with a 51-meter beam.
Seaspan's First LNG Dual-fuel Containership Launched for Zim Charter
Seaspan Corporation said its first vessel in a series of 10 new 15,000 TEU liquefied natural gas (LNG) dual-fuel containerships has been launched at Samsung Heavy Industries' shipyard in Geoje, South Korea.The newbuild, ZIM Sammy Ofer, was floated out on October 15 and is scheduled to enter service under a long-term charter to Israeli shipping company ZIM starting in 2023.The 10 ships ships were ordered…
Markey Machinery Attracts Outside Investment to Expand
Markey Machinery is a storied marine company, starting operations in 1907, when a Charles Markey, fresh from a two-year trading expedition on the Alaska and Siberian coast, launched the C.H. Markey Machinery Company serving both the marine and logging industries.Today Markey Machinery serves as a global leader in the marine deck equipment and winch industry, a position that it seeks to grow with the…
Roundtable: North American Naval Architects Weigh In
Marine News spoke to leaders at three North American naval architecture and marine engineering firms about some of the latest trends impacting their business today. Mike Fitzpatrick, president, Robert Allan Ltd.; Jeff Bowles, director, DLBA Naval Architects; and Rich Mueller, president and CEO, NETSCo., weigh in on topics such as digitalization, decarbonization and the naval architect talent pool.How…
McCarthy Named CEO of Seaspan Shipyards
Canadian shipbuilding and ship repair company Seaspan Shipyards announced on Tuesday that John McCarthy has been named CEO, effective immediately.A member of Seaspan Shipyards' senior leadership team since 2018, McCarthy succeeds Mark Lamarre, who assumes a new role as president and CEO of The Washington Companies, following the planned retirement of previous president and CEO, Larry Simkins.McCarthy brings more than 36 years of experience in shipbuilding…
Høglund to Deliver Automation Systems for Seaspan LNG Bunkering Vessels
Høglund Marine Solutions announced it will deliver integrated automation systems (IAS) for three newbuild liquefied natural gas (LNG) bunkering vessels being constructed at at CIMC SOE shipyard for Canadian owner Seaspan ULC.The IAS will seamlessly connect the cargo handling, control and electrical propulsion systems on each of the 7600m3 ships slated to operate along the west coast of North America.A central, and standard feature of all Høglund automation systems, is Høglund Playback.
Seaspan Cancels Four-ship Newbuild Order
Containership lessor Seaspan Corporation announced it has canceled an order for four containership newbuilds "due to certain conditions in the contracts not being fulfilled".The original order, which was announced in May, was for four 7,700 TEU dual-fuel liquefied natural gas (LNG) containerships from an undisclosed "major" shipyard. "Due to certain conditions in the contracts not being fulfilled by the counterparty, the contracts have become null and void.
General Average Declared for Fire-stricken Zim Charleston
General average has been declared for the ZIM Charleston after stacks of containers caught fire on board the vessel earlier this month.The fire broke out in a cargo hold while the Seaspan-owned containership was navigating off Colombo, Sri Lanka on August 8. It has been reported that approximately 300 containers may have been affected by fire, heat and smoke, as well as water damage from firefighting…
Seaspan Orders Four 7,700 TEU Dual-fuel LNG Containerships
Containership owner Seaspan Corporation on Wednesday announced it has ordered four "ultra-modern" 7,700 TEU dual-fuel liquefied natural gas (LNG) containerships from an unnamed "major" shipyard.The newbuilds are scheduled to be delivered in the third and fourth quarters of 2024, and upon completion will enter into long-term charters with a "leading global liner customer".Seaspan, a wholly-owned subsidiary of New York-listed Atlas Corp.…
Euroseas Buys Two 4,250 TEU Container Ships for $37M
Container ship operator Euroseas said Tuesday it had agreed to buy M/V Seaspan Manila and M/V Seaspan Melbourne intermediate size container vessels with a capacity of 4…
Seaspan Shipyards Launches High-tech HoloShip Facility
North Vancouver, B.C. shipbuilder Seaspan Shipyards on Tuesday announced it has launched a new facility to develop, integrate, test and demonstrate new digital twin capabilities in an effort to transform how ships are built, constructed and maintained.Modern shipbuilding and through-life support are rapidly evolving with integrated use of digital technology and digital twins. Effective use of digital…
ZIM Announces Record Financial Year in 2021
Net Income of $4.65 Billion, Adjusted EBITDA of $6.60 billion, and Adjusted EBIT of $5.82 billionAs the containershipping industry enjoys its greatest boom of a generation, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated results for the three and 12 months ended December 31, 2021.Net income for the fourth quarter was $1.71 billion (compared to $366 million in the fourth quarter of 2020)…
Seaspan's 70-ship Newbuild Program Fully Financed with $1.4 Billion Deal
Containership giant Seaspan Corporation announced on Wednesday that it now has financing lined up for its entire 70-vessel newbuild program.With the completion of the latest $1.4 billion deal in December, Seaspan said its financing proceeds are approximately $6.9 billion.Seaspan, a subsidiary of Atlas Corp, said the $1.4 billion will be used to finance ten 15,000 TEU LNG dual-fuel newbuilds, the last of its recent $7.6 billion containership ordering spree…
Two 12,200 TEU Newbuilds Delivered to Seaspan
The world's largest containership lessor Seaspan Corporation said it has taken delivery of two 12,200 TEU newbuilds. The vessels will immediately begin 18-year charters with an unnamed "major liner customer".The new ships are the second and third of five newbuild containerships in this class, the first having been delivered in October. Each has been delivered approximately two months ahead of schedule…
MAN ME-GI Engines Ordered for 10 Seaspan Box Ships
Yangzijiang Shipbuilding Group has ordered 10 MAN B&W 7G80ME-C10.5-GI engines in connection with the construction of 10 7,000-teu containerships for Seaspan Corporation, the world's largest, independent container vessel owner.The contract includes an option for five further vessels. Engine delivery is scheduled from October 2023 to 2024; Seaspan has already chartered the ships on long-term contracts.Upon completion…
Seaspan Ferries to Run Its Vessels on Renewable Natural Gas
This week, Seaspan Ferries Corporation became the first Canadian marine company to pilot the use of renewable natural gas (RNG) to reduce greenhouse gas emissions produced by its roll-on, roll-off liquefied natural gas (LNG) powered marine fleet. Seaspan expects that data from the pilot will confirm that, by using RNG, greenhouse gas emissions can be reduced by upwards of 85% versus traditional diesel fuel.Seaspan has worked closely with FortisBC Energy Inc.
First of 70 New Containerships Delivered to Seaspan
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…
CADMATIC Expands in Canada
Finland-based CADMATIC said it is expanding its presence in Canada to support Seaspan Shipyards and to drive business development in the North American region. A local Canadian business entity, CADMATIC INC. has been set up in Vancouver and the recruitment of employees has started.The first employee for local customer services has already been hired. For the immediate future, CADMATIC plans to recruit more hull and outfitting application specialists…