Search results for: ULCV

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  • 6 August 2014
    Business & Finance

    The Ultra Large Container Vessels (ULCV) will take over shipping routes between Asia and Europe, as smaller containerships are no longer seen as competitive when it comes to unit costs, compared to behemoth Maersk Line Triple-E 18,000 TEU ULCV.   Demand for these huge vessels is higher then ever. July saw 27 newbuild containerships delivered, […]

  • 13 January 2020

    The 23 new behemoths will join the fleets of three major players.

  • 14 September 2015
    Business & Finance

    As the “arms race” for Ultra Large Container Vessels (ULCVs) of 18,000 TEUs and above heats up, carriers must not overlook the value of having a smaller, but more flexible fleet in slowing market, according to the U.K.-based shipping consultant Drewry.  There is no going back from this point Drewry says, as the industry has made […]

  • 23 June 2017
    Business & Finance

    China COSCO Shipping Corp has embarked on a major shopping spree, adding 14 ultra large containership newbuilds to its fleet. The investment comes as the company targets routes from Asia to Europe prompted by new free trade deals, as informed by the China Daily. Namely, the company bought six 21,000 TEU boxships being built at compatriot Shanghai Waigaoqiao […]

  • 2 November 2015
    Business & Finance

    CMIT (Cai Mep International Terminal) received the maiden call of the 14,000 TEU CSCL Star, the ultra large container vessel (ULCV) of 157,000 DWT, on October 29, 2015. The Vietnamese Ministry of Transport, Vinamarine and the VMS have all played a crucial role in making this ULCV port call happen by funding the Cai Mep […]

  • 14 September 2015
    Business & Finance

    As the “arms race” for Ultra Large Container Vessels (ULCVs) of 18,000 TEUs and above heats up, carriers must not overlook the value of having a smaller, but more flexible fleet in slowing market, according to the U.K.-based shipping consultant Drewry.  There is no going back from this point Drewry says, as the industry has made […]

  • 22 February 2017
    Business & Finance

    Dutch container terminal operator APM Terminals has increased its investment plans for the Port Elizabeth facility to USD 200 million from the initially planned USD 70 million in preparation for ultra large container vessels (ULCVs). The new plan includes ordering four next-generation Ship-To-Shore (STS) cranes to handle ULCVs at North America’s port of New York and New Jersey port […]

  • 21 January 2019
    Business & Finance

    Drewry: Carriers will mitigate the capacity inflation of ULCVs by delaying deliveries and slowing services.

  • 14 November 2019
    Business & Finance

    DNV GL awards AIP to MOL and SHI for a bow windshield device designed for a ULCV.

  • 13 November 2017
    Business & Finance

    Following a recent spate of ultra large container vessel (ULCV) orders, the addition of any further boxship giants to the orderbook would damage carriers’ chance of reaching a supply and demand balance, shipping consultancy Drewry said. The current containership orderbook is very top-heavy with ships of 18,000 TEU and above, with almost 50% of all ships scheduled to […]

  • 5 September 2018
    Business & Finance

    DSIC, DNV GL to develop a new 23,000 TEU LNG fueled ultra large container vessel.

  • 16 April 2015

    Despite positive growth momentum, the container shipping industry continues to suffer new, big ship deliveries with no let-up to the ordering frenzy, according to the Container Forecaster published by Drewry Maritime Research. Drewry forecasts another year of excess growth in relation to demand in 2015. This will make it harder for carriers to repeat the […]

  • 30 January 2018

    Port of Philadelphia is preparing for the arrival of ever larger containerships.

  • 9 February 2017
    Business & Finance

    Norwegian shipowner Ocean Yield ASA has taken delivery of MSC Rifaya, a 19,500 TEU containership, from South Korean shipbuilder Samsung Heavy Industries (SHI).  Following the delivery which took place on February 9, 2017, the ultra large container vessel (ULCV) commenced a 15-year bareboat charter to Switzerland-based container shipping company Mediterranean Shipping Company (MSC). The 202,000 […]

  • 9 September 2014
    Business & Finance

    Kawasaki Kisen Kaisha, Ltd. (“K” Line) said it will enhance its fleet with an additional five new generation eco-friendly Ultra Large Container Vessels (ULCVs). The newbuilds will rejuvenate the existing fleet and replace older ships all with the aim of further strengthening both efficiency and cost competitiveness of “K” Line’s Containership Business, the company explained. These 5 […]

  • 29 January 2018
    Business & Finance

    COSCO Shipping Lines has taken delivery of its second 20,000 TEU boxship, COSCO Shipping Taurus.

  • 29 August 2018
    Vessels

    China COSCO Shipping Corp said that its unit, COSCO Shipping Container Lines, has taken delivery of the 20,000 TEU LNG-ready containership, COSCO Shipping Scorpio.

  • 28 September 2017
    Business & Finance

    German carrier Hapag-Lloyd will carry out a capital increase, agreed upon as part of its merger with United Arab Shipping Company (UASC), with the gross proceeds expected to reach EUR 352 million (USD 414 million). The company said that the expected gross issue proceeds from the capital increase would primarily be used for the repayment […]

  • 29 November 2018
    Business & Finance

    HMM dismisses claims that it won’t be able to fill up the mega containerships.

  • 16 November 2016
    Business & Finance

    Norwegian ship owner Ocean Yield ASA has taken delivery of the 19,500 TEU container vessel MSC Mirjam from South Korean shipbuilder Samsung Heavy Industries. After being delivered from the shipyard today, the vessel commenced a 15-year bareboat charter with Switzerland-based container line Mediterranean Shipping Company (MSC). Featuring 202,000 dwt, the Ultra Large Container Vessel (ULCV) was hired […]

  • 29 April 2015
    Business & Finance

    United Arab Shipping Company (UASC) named its first LNG-ready ultra-large container vessel at Hyundai Samho Heavy Industries (HSHI), Mokpo South Korea today. With a loading capacity of 18,800 TEU, the DNV GL classed vessel M.V. ‘Barzan’ will be the largest in UASC’s fleet to date and will set new standards for fuel and energy efficiency, due to […]

  • 31 October 2016
    Business & Finance

    As carriers’ stock of ready-to-cascade Asia-Europe containerships is almost empty, the second phase of the cascade could be even more difficult for carriers to manage, according to shipping consultancy Drewry. New Ultra Large Container Vessels (ULCVs) will force the cascade into a potentially more destructive second phase of bigger ships moving into North-South lanes as […]