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#ShippingNews #TESlogistics #FreightNews #Shipping #Freight Cosco Shipping Heavy Industry drydock expands at Zhoushan THE new 300,000 tonnes-class drydock, measuring 430 metres long and 120 metres wide with a depth of 12.5 metres, is scheduled for completion by the end of 2026, reports the UK Seatrade Maritime News. This drydock will have the capacity to accommodate the world's largest containerships, addressing the global shortage of repair facilities capable of handling such vessels. In addition to the new drydock, the shipyard will upgrade its No 7 dock facility to enhance its ship repair capabilities. Upon project completion, the shipyard's production capacity will increase, enabling the construction of eight vessels and the repair of 350 vessels annually. Situated in Zhoushan, a significant ship repair base in China, this expansion project will stimulate new business growth for the shipyard, supporting its transition towards new energy, advanced technology, efficiency, and higher value-added markets, according to Cosco Shipping Heavy Industry (Zhoushan). Cosco Shipping Heavy Industry operates nine shipyards with an annual shipbuilding capacity exceeding 7.5 million tonnes and can repair over 1,500 vessels annually.

Most of the 90% goods transported through Sea mode of transport by Fleet from origin to destination, and the ports is a last point for Vessel occupying space for stevedoring, all this procedures facilitated by the terminal to ensure the goods handled in safe until delivery to consignee, in all of this the shipping industry need powerful investors experienced in modern way of technology for high performance over target and productivity output, that can affect positively time turn around time of the vessel to minimuze demurrage

Luxembourg – April 17th, 2024: DIS announces the signing of a shipbuilding contract with Jiangsu New Yangzi Shipbuilding Co., China, for the purchase of two (2) new Long Range (LR1 – 75,000 DWT) product tanker vessels at a contract price of US$ 55.4 million each. These new very efficient vessels are expected to be delivered to us in September and November 2027, respectively. P. d’Amico, Chairman and CEO of d’Amico International Shipping commented: “I am delighted to announce the agreement to build these two “Eco” product tanker vessels, which should be the most efficient and environmentally friendly LR1 vessels in our fleet. This deal is aligned with our strategic objective of controlling a very modern fleet. Additionally, thanks to this agreement, DIS will further strengthen its presence in the LR1 segment, reaching a total fleet of 8 modern vessels. I believe this segment of the market will continue to offer interesting returns in the next several years. In fact, on the one hand, the product tanker order book is still rather low, in particular for this size vessels, and on the other hand, the secular dislocation of world refining capacity away from some key consuming regions will continue expanding ton-mile demand, likely further benefiting LR1 vessels, which are currently already in high demand from our customers.” #DISIM #damicointernationalshipping #shipping #vessel #eco #investment #producttanker https://lnkd.in/di5nMnzH

𝐃𝐢𝐚𝐧𝐚 𝐒𝐡𝐢𝐩𝐩𝐢𝐧𝐠 𝐬𝐞𝐜𝐮𝐫𝐞𝐬 𝐍𝐘𝐊 𝐋𝐢𝐧𝐞 𝐜𝐡𝐚𝐫𝐭𝐞𝐫 𝐞𝐱𝐭𝐞𝐧𝐬𝐢𝐨𝐧 𝐚𝐭 𝐛𝐮𝐦𝐩𝐞𝐫 𝐫𝐚𝐭𝐞 New York-listed Greek bulker owner Diana Shipping has won an extension for the time charter contract with Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its newcastlemax vessels. NYK Line chartered the 2012-built, 206,104 dwt newcastlemax bulker Los Angeles for a gross charter rate of $28,700, minus a 5% commission paid to third parties, for a period until a minimum of October 1, 2025, up to a maximum of December 15, 2025. The company said that the charter was expected to begin on July 18 in direct continuation of the current charter which is on a day rate of $17,700. The employment of the Los Angeles is anticipated to generate around $12.43m of gross revenue for the minimum scheduled period of the time charter. Upon completion of the previously announced sale of the Houston bulker, Diana Shipping’s fleet will consist of 38 dry bulk vessels – four newcastlemaxes, eight capesizes, five post-panamaxes, six kamsarmaxes, six panamaxes, and nine ultramaxes. The company also expects to take delivery of two methanol dual fuel new-building kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. Currently, the combined carrying capacity of the fleet including the Houston and excluding the two vessels not yet delivered, is approximately 4.4m dwt with a weighted average age of 10.92 years.

Make sure to check out Irene Ang's latest article in TradeWinds – “#Japanese shipbuilders eye new breed of #vessels as they play catch-up on global stage”, which features commentary from SSY’s Partner & Head of Japan, Projects Eugene Q.! Read the full article here 👇 https://lnkd.in/ehVfv26x #ExperienceMatters #Shipping #Maritime #Broking 

China Prefers Large Container Boxships The world’s largest port, Ningbo-Zhoushan, has just started construction of its latest berths, with the port revealing the two new facilities are being designed in order to accommodate 32,000 teu ships. China State Shipbuilding Corporation’s (CSSC) Shanghai Ship Research and Design Institute received approval in principle for a 27,500 teu LNG dual-fuel containership, more than 3,000 teu larger in capacity than the existing biggest boxships afloat. The world’s largest port, Ningbo-Zhoushan, has just started construction of its latest berths, with the port revealing the two new facilities are being designed in order to accommodate 32,000 teu ships. To the south, Yantian, the eastern Shenzhen port, is also building new berths capable of handling 32,000 teu vessels. When much of the rest of the liner world is favouring new ships that are sub-megamax, China continues to push the size envelope when it comes to the container trades. Currently, Mediterranean Shipping Co (MSC) holds the mantle for the biggest containership in operation, taking delivery of a series of 24,346 teu ships last year. The jumboisation of containerships has seen vessel capacities nearly quadruple in size this century. However, over the past year orders from global carriers have tended to be for ships in the 16,000 teu range, a more flexible size that can work across a range of tradelanes, rather than just the Asia-Europe route where today’s megamaxes are deployed. MSC Mediterranean Shipping Company China State Shipbuilding Corporation Ningbo Zhoushan Port Group Co., Ltd.

Seaspan Feeds Boxship Building Boom Ordering Six More Vessels. The building boom for containerships is continuing with the orderbook adding yet six more large vessels to be built in China for Seaspan. The Canada-based owner-lessor of vessels is maintaining its order pace even as it takes delivery of new vessels that operate under long-term charters with major carriers. China State Shipbuilding Corporation (CSSC) is reporting that its Hudong-Zhonghua subsidiary signed the latest order on Friday, October 18 to build six 13,600 TERU vessels for Seaspan. Due for delivery between 2026 and 2028, they will be conventionally fueled but fitted with scrubbers and prepared for green fuel conversion. The ships will be 1,102 feet (336 meters) in length with a maximum capacity of 14,132 TEU including 2,000 reefer slots. Possibly to combat the rising prices of vessels, Hudong-Zhonghau reports this is the first larger order and one of only a few that is being denominated in the Chinese RMB currency. No order value was reported but Seaspan will settle it in RMB making it one of the few international orders using Chinese currency for payment. For Seaspan it should help to reduce financing costs and the exchange risks for both the owner and shipyard. The Chinese are highlighting it as they seek to further expand their shipbuilding dominance and internationalize the RMB. https://lnkd.in/gQiTs3eH CSSC's Hudong-Zhonghau shipyard continues to build its backlog on containership orders (CSSC).

📊 Idle Containership Fleet Rises in May Despite Demand via Drewry Shipping Consultants Ltd: - In early May, idle containership fleet increased by 35 kteu, reaching 621 kteu, or 2.2% of total fleet. - Carriers: 60% of inactive units; Independent owners: 40%. - Idle defined as no movement for 14+ days. - Ratio was 1.4% in Feb, rose to 2.3% in March, remains similar. - Trend unexpected; ships sent to shipyards for scrubber or fuel retrofits. Source: https://lnkd.in/dv7HUWGC ✨🚢 For more, subscribe to Maritime Analytica Insight to stay ahead in container shipping! https://lnkd.in/dH4CEhzt (🥇📊Become Gold Member for market reports) 🌐🔍Save 15% (-$375 off) on container shipping certificates from Lloyd's Maritime Academy! https://lnkd.in/dUaHK5WU 🌍🌟Follow us on YouTube for exclusive insights in just 60 seconds! https://lnkd.in/g3eG8TdQ #ContainerShipping #MaritimeIndustry #ShippingNews #Logistics #SupplyChain #Maersk #CMACGM #HapagLloyd #Carriers #MSC #GlobalTrade #SeaFreight #Freight #Export #Import #AI #Newsletter #MaritimeAnalytica #Sustainability #BigData #ArtificialIntelligence

Eastern Pacific signs for up to a dozen car carrier newbuilds. Idan Ofer’s Eastern Pacific Shipping (EPS) has added to its massive orderbook with a fresh deal for up to 12 car carrier newbuilds in China. The Singapore-based diversified shipowner, with around 80 newbuilding projects, has contracted for up to eight 5,500 ceu vessels at Fujian Mawei Shipbuilding and up to four at China Merchants Jinling Shipyard. The order covers four firm LNG dual-fuel units at Fujian Mawei, delivering in 2027, and two firm at Jinling, with shipbuilding sources suggesting a price of about $80m each. The construction of the four mid-sized car carriers will be carried out at Xiamen Shipbuilding, with the owner securing options for an additional four vessels. At the same time, the Jinling Shipyard deal came with two optional units. Earlier this year, EPS also booked up to eight 50,000 dwt MR tankers at Fujian Mawei, with delivery of the four firm ships due in 2026, while Ofer’s cooperation with China Merchants Jinling continued following contracts for a series of 7,000 ceu dual-fuel newbuilds. About 35 firm car carriers have been contracted year-to-date, according to Clarksons data, while last year saw 88 units firmed up mostly across Chinese shipyards and predominantly larger vessels.

Eastern Pacific Shipping Pte. Ltd. splashes out $2.45 billion in the construction of up to 12 LNG dual-fueled container ships, each with an impressive capacity of 18,000 TEU ,swelling its vast orderbook to more than 100 newbuildings. Brokers suggested the newbuildings, which can be powered by LNG or conventional marine fuel, would cost more than $200m each. The New Times contract brings the number of firm container ship newbuildings on Eastern Pacific’s orderbook to 17. According to Clarksons Research , the company is scheduled to take delivery of four midsize vessels this year — two scrubber-fitted 6,900-teu vessels from New Times and two 5,920-teu ships from Japan’s Imabari Shipbuilding. The New Times contract brings the number of firm container ship newbuildings on Eastern Pacific’s orderbook to 17. According to Clarksons’ Shipping Intelligence Network, the company is scheduled to take delivery of four midsize vessels this year — two scrubber-fitted 6,900-teu vessels from New Times and two 5,920-teu ships from Japan’s Imabari Shipbuilding. The New Times newbuildings are chartered out to CMA CGM, while Imabari’s boxships are fixed to Orient Overseas Container Line. South Korea’s HD Hyundai Mipo Dockyard is building four LNG-fuelled 1,400-teu newbuildings for the Eastern Pacific. Eastern Pacific ordered the quartet two years ago against long-term time charters from US shipping and logistics company Crowley. HMD will be delivering the feeder vessels next year. Fujian Mawei Shipbuilding is constructing one 3,000-teu boxship that will be delivered next month. Meanwhile, Eastern Pacific has added one more conventionally fuelled 115,000-dwt product tanker newbuilding at state-owned Shanghai Waigaoqiao Shipbuilding. The deal brings the number of LR2 tankers that Eastern Pacific has at the CSSC-controlled shipyard to three. The other two product tankers were ordered last year and are slated to be delivered in February and May 2025. They were ordered against charters from Vitol. Eastern Pacific Shipping's ambitious #newbuilding program encompasses a diverse range of vessel types, including Newcastlemax #bulkers, various tankers (MR2 to #Suezmaxes), #VeryLargeAmmoniaCarriers, #LNGcarriers, and #carcarriers. This monumental moves not only solidifies EPS's position as a leader in sustainable shipping practices but also sets the stage for a new era in #maritime #transportation. #shipping #sustainablility #shippingindustry #containershipping #maritimeinnovation For more insights , pls refer to the link : https://lnkd.in/eQkPUS5t