MARCH 6, 2013 — Damen Shiprepair Rotterdam has now completed the installation of Becker Twisted Fins on seven 7,100 TEU Hamburg Süd containerships. The shipyard won the contract for the installations in
FEBRUARY 7, 2012 — Matson, Inc. (NYSE: MATX), has again been showing signs that it is paying serious attention to fleet renewal. Last November, the company said that it has a strategic
JANUARY 23, 2013 — Seaspan Corporation (NYSE:SSW) is continuing its fleet expansion. On January 16 it announced it had placed an order for five 14,000 TEU containerships with Hyundai Heavy Industries. Today
DECEMBER 5, 2012 — Los Angeles Mayor Antonio Villaraigosa announced last night that the eight-day strike that had containerships backed up outside the Ports of Long Beach and Los Angeles has ended.
DECEMBER 4, 2012 — General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), reports that it has finalized a contract with TOTE, Inc., for the design and construction of
NOVEMBER 8, 2012 — Japan’s Mitsubishi Heavy Industries (MHI) has introduced a high performance propeller that it says can improve the propeller efficiency of containerships by 5 percent. This yields a potential
Despite weak freight rates and a poor time charter environment, containership operators are ordering ever larger vessels. Though this may seem counter-intuitive, shipbroker Braemar Seascope says it reinforces a trend that is