Investment company switches management of two box ships

Lake House, a Hong Kong and London based investment company, has appointed PT-Shipmanagement GmbH (PTS), to manage two containerships. Each has a capacity of 1,300 TEU and sails with an average crew

New risks add to pressures on container market

“The mood-music surrounding the container market has deteriorated further in the last three months,” says Drewry Shipping Consultants, which has downgraded its outlook for world container port throughput for the current year

Evergreen orders six giant box ships at Samsung Heavy

South Korean shipbuilder Samsung Heavy Industries (SHI) reports that it has won orders worth a total of $920 million from Taiwan’s Evergreen Marine Corporation for six large containerships with a capacity of

MacGregor system helps world’s biggest box ship max its TEU capacity

A MacGregor designed cargo system design, combined with a 24 container wide ship design, takes the total container capacity of the world’s largest containership, MSC Gülsün to 23,756 TEU, which is 1,500

VIDEO: SHI delivers world’s largest containership

South Korea’s Samsung Heavy Industries (SHI) says that it has successfully completed construction of the world’s largest containership three weeks ahead of the contracted delivery date. The ship, the MSC Gulsun, is

TT Club: There’s a major container fire every 60 days

This month’s sinking of the Grimaldi Group’s Grande America is just the latest in a long string of high profile incidents in which serious fires have broken out in cargo containers. According

IMO 2020 could cost box ship operators $10 billion this year

While 2018 was a turbulent year for the container shipping industry, it might have been “only a warm up for 2019” in the view of New York headquartered management consultancy AlixPartners LLP.

MOL Tribute

ONE sets new containership stowage record: 19,100 TEU

Ocean Network Express (ONE) has set a new record for the largest amount of cargo ever stowed on a containership, carrying over 19,100 TEU of containers on the MOL Tribute. That beat

Fire breaks out aboard Hapag-Lloyd containership

JANUARY 4, 2018 — Hapag-Lloyd reports that a fire broke out yesterday in one container on the deck of the Yantian Express and spread to additional containers. The company says that the

VIDEO: Matson welcomes first of four new ships to Hawaii

NOVEMBER 29, 2018 — Matson, Inc. (NYSE: MATX) yesterday welcomed the largest containership ever built in the United States to Hawaii. Named in honor of Hawaii’s late senior U.S. Senator, the 850 ft,