Boxship

Euroseas Announces Charter Duo

  • Euroseas currently owns a fleet of 14 box ships.
  • Euroseas announced a new charter for one of its box ships and an extension on another
  • Markets had a remarkable run over the last six months.

Euroseas announced a new charter for one of its box ships and an extension on another, says a press release published on their website.

About the new charter

2007-built 3,091 teu EM Kea has been extended by the current charterer for a period of between 25 and 28 months at a daily rate of $22,000. The new rate...

https://mfame.guru/euroseas-announces-charter-duo/

Chartworld Announces Its $420m Worth Contracts

Chartworld orders mega boxship quartet at New Times, says an article in Splash 247.

About the contract

The Greek company Chartworld has signed a shipping contract with Chinese yard New Times, for the construction of four 13,000 teu container ships.

The boxship and its capacity

The boxships will be the largest New Times has ever built, and they will also be the largest in the Chartworld fleet. 

VesselsValue data shows Chartworld owns 24 boxships with a total capacity of around 79,000 teu.

Value of...

https://mfame.guru/chartworld-announces-its-420m-worth-contracts/

Tanker Shipping Company Eyes Gas Carrier & Boxship Entries

Seven Islands Shipping (SISL) is looking to diversify from its tanker origins into gas carriers and boxships, reports BusinessLine.

Fast-growing SISL 

Fast-growing Seven Islands Shipping (SISL) is looking to diversify from its tanker origins into gas carriers and boxships. 

The Indian line, controlled by Prem Watsa, has 20 crude and product tankers currently in its fleet.

The largest shareholder in SISL

Fairfax India Holdings Corporation has the largest stake in Seven Islands. Watsa, chairman of...

https://mfame.guru/tanker-shipping-company-eyes-gas-carrier-boxship-entries/

Pancon Line Places New Boxship Order

  • Pancon Line said the new ship will help the company expand its service offerings in the Southeast Asia market.
  • The vessel will adopt the Bangkok Max design, and delivery is scheduled in the first quarter of 2022.

According to a recent article published in Splash 247, Pancon Line orders feeder boxship at Hyundai Mipo.

The boxship order

South Korean feeder boxship operator Pancon Line has placed an order at domestic shipyard Hyundai Mipo Dockyard for the construction of one 1,800 teu container...

https://mfame.guru/pancon-line-places-new-boxship-order/

GEODIS Charters Boxships To Ease Ultra-tight Sea Freight Market

GEODIS, a leading global supply chain operator, provides its customers with guaranteed space in an ultra-tight sea freight market from China to Europe.

Vessel schedules

Arrive Hamburg on 28th

The first 1,000TEU1 capacity vessel, operated exclusively by GEODIS, is scheduled to arrive in Hamburg on 28 February. 

This ship is carrying a total of 435 forty-foot containers for customers who have found it increasingly difficult to secure space with regular carriers at a viable rate. 

Based on demand

The...

https://mfame.guru/geodis-charters-boxships-to-ease-ultra-tight-sea-freight-market/

Cosmoship Orders Boxship Quartet

Cosmoship orders up to four boxships at Huangpu Wenchong, says an article published Seatrade Maritime News.

About the deal

The deal, jointly signed by CSSC Huangpu Wenchong Shipbuilding, CSSC China Shipbuilding Trading and the Greek ship owner Cosmoship, consists of firm orders for two 1,500 teu boxships and an option for another two ships of the same design.

The vessels are in 171.98 metres length, 24.29 metres width and 13.6 metres depth.

Huangpu Wenchong shipyard had delivered four boxships of...

https://mfame.guru/cosmoship-orders-boxship-quartet/

MSC on ‘Massive Buying Spree’ Amid Surging Charter Rates

  • Containership S&P activities dominate the week’s transactions with many ships changing hands, and freight and charter rates surging.
  • Mediterranean Shipping has embarked on a massive buying spree of secondhand containerships with the purchase of six German boxships for an en bloc price of $158m.
  • MSC has reportedly purchased the boxship Baltic East for $12m while Braemar ACM links MSC with the acquisition of the 5,624 teu boxship Greenwich Bridge.
  • The secondhand bulker sale and purchase market...

https://mfame.guru/msc-on-massive-buying-spree-amid-surging-charter-rates/

Seaspan Purchases PIL’s Last Big Boxships

  • Pacific International Lines (PIL) sells sister ships Kota Pemimpin and Kota Petani.
  • The ships have been bought by Seaspan for $89m.

The dramatic fleet clear-out at Pacific International Lines (PIL) has seen Singapore’s top liner slip from 400,000 to 300,000 slots since the start of the year, says Splash247.

The Big Boxships’ Offloading

The latest sales, as reported by Greece’s Lion Shipbrokers, are among PIL’s last big boxships, offloading sister ships “Kota Pemimpin”and “Kota Petani.”

The...

https://mfame.guru/seaspan-purchases-pils-last-big-boxships/

Idle Fleet Below ‘1m TEU’ for the First Time in 2020 As Carriers Charter

According to a Loadstar article written by Mike Wackett, some 90 containerships, equating to over 600,000 teu of capacity, have found employment in the past month as carriers continue to reinstate blanked sailings and add extra loaders on routes.

  • According to the latest survey by Alphaliner the idle containership fleet stood at 223 vessels, for 969,000 teu, at 17 August, representing 4.1% of the global cellular fleet.
  • Moreover, not all of these ships are actually open for employment, with 11...

https://mfame.guru/idle-fleet-below-1m-teu-for-the-first-time-in-2020/

Carriers’ Backlog Deliveries To Upset Boxship Trade

Despite the containership orderbook at a historic low, the top carriers have a backlog of 86 ships of over 10,000 teu stemmed for delivery over the next two to three years, writes Mike Wackett in an article published in the LoadStar

Unequally Spread Orders

The orders were placed before the pandemic stunted global growth, but with considerable uncertainty over the speed of a recovery against the recessionary background, the deployment of 1.47 million teu of capacity on the newbuild ULCVs could...

https://mfame.guru/carriers-backlog-deliveries-to-upset-boxship-trade/

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