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HAPAG-LLOYD SECURES FINANCING FOR FIVE NEW-BUILDS

Hapag-Lloyd and a banking syndicate signed a $372 million facility agreement with a term of 12 years yesterday. The Company will use the loan to finance five new vessels, which were ordered in April 2015 for delivery between October 2016 and May 2017. The total investment volume of the order lies in the mid three-digit million US-dollar range....Read More


MSC CELEBRATES THE CHRISTENING OF MSC MAYA

MSC Maya joins the ranks as the world’s largest containerships at a massive 19,224 TEU, alongside the MSC Oscar, Zoe, and Oliver....Read More


SMART CONTAINERS MAKE DEBUT ON CMA CGM BOUGAINVILLE

The CMA CGM BOUGAINVILLE entered the French group’s fleet when it was inaugurated in October this year by François Hollande, President of the French Republic. It is the fourth vessel of the 18,000 TEU series, bearing the names of great explorers. She pays tribute to the French explorer Louis-Antoine de Bougainville, who led, as Captain, of the first French official world tour in the 18th Century....Read More


RESPONSIBLE GROWTH AND SOCIAL RESPONSIBILITY AT THE CORE OF MAERSK LINE VALUES

This will require pioneering fleet and network innovation beyond what can be reasonably fathomed today and this is why the entire organization is rallying to accelerate progress for tomorrow....Read More


THE CHALLENGES OF MEGA SHIPS

Chinese shipping company Cosco Holdings Co. is the latest to acquire huge box ships. It has agreed to order 11 container vessels, each with a capacity of 19,000 TEUs, for a total of $1.5bln in an “attempt to cut costs”. Delivery is expected in 2018. With this signing, Cosco now just about manages to edge out Hapag Lloyd to become the fifth largest global shipping line in terms of market share with existing fleet and current orderbook combined....Read More


UASC increasingly serving environmentally aware customers across the globe

United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, confirmed that there is a constant increase in the number of environmentally committed customers and increasing demand on environmentally sustainable transport solutions. Jørn Hinge, President and Chief Executive Officer of UASC said, “We are increasingly servicing environmentally aware customers across the […]...Read More


Maersk Line orders 11 ultra-large container vessels

Maersk Line has signed a new building contract with Daewoo Shipbuilding & Marine Engineering (DSME) for 11 second-generation Triple-E container vessels with a capacity of 19,630 TEU (twenty-foot equivalent) each. Six more new builds have been kept optional....Read More


Ultra Large Container Vessel Shows Maneuverability in Towing Exercise

As the world’s container shipping lines build ever larger vessels, so comes the problems of maneuvering these behemoths whether they are on the high seas or in a restricted anchorage. Now CMA CGM and the German Central Command for Maritime Emergencies (CCME) have tested the Command’s capability to tow this new wave of ultra-large cargo ships that currently ply the world’s trade lanes, during an exercise held earlier this month. ...Read More


The CMA CGM inducts 2nd 18,000 TEU vessel, GEORG FORSTER

With impressive dimensions of 1,305 ft. (398m) length and 177 ft. (54m) width, the CMA CGM GEORG FORSTER is the Group’s 2nd 18,000 TEUs capacity vessel to be delivered. 6 vessels will compose this series of vessels named after Great Explorers, that will have the CMA CGM Group’s largest containership capacity....Read More


UASC receives three LNG-ready ultra large container vessels

United Arab Shipping Company (UASC), a leading container shipping line and an emerging global carrier, announced the delivery of the second and the third A15’s class vessels MV “Al Murabba” and MV “Salahuddin”. The two vessels were …...Read More


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