Yang Ming to Upgrade China-Vietnam-Thailand Service

Yang Ming to Upgrade China-Vietnam-Thailand Service

Yang Ming Marine Transport Corp. (YM) has announced to upgrade its China-Vietnam/Thailand service network effective on October 12th, 2018. Caption: Containership YM Express - Image courtesy of SF-Images   The …
Sep 21, 2018 /  Vessels
Global Ship Lease Secures Additional Charter Coverage and Adds Maersk Line to Charterer Portfolio

Global Ship Lease Secures Additional Charter Coverage and Adds Maersk Line to Charterer Portfolio

Global Ship Lease, Inc. (NYSE:GSL), a containership charter owner, yesterday announced a new time charter with Maersk Line for the 2004-built, 8,063 TEU containership OOCL Ningbo, which has been renamed GSL Ningbo, …
Sep 21, 2018 /  Vessels
Yang Ming Launches New Container Vessel, 'YM Wellbeing'

Yang Ming Launches New Container Vessel, 'YM Wellbeing'

YM Wellbeing, a new 14,000 TEU full-container vessel built by Imabari Shipbuilding Co., Ltd., was named at a ceremony held on 18th September, 2018. Yang Ming Marine Transport Corp. (Yang Ming) Chairman Bronson Hsieh and …
Sep 18, 2018 /  Vessels
Seaspan To Increase Its Pool Of Unencumbered Assets To 18 Vessels

Seaspan To Increase Its Pool Of Unencumbered Assets To 18 Vessels

Seaspan Corporation (Seaspan) (NYSE:SSW) announced that it has prepaid two credit facilities which were secured by six of its vessels. Upon completion of the collateral release documentation, this will expand …
Sep 17, 2018 /  Finance
Crowley’s Second ConRo Ship Taíno Excels During First Speed Trial

Crowley’s Second ConRo Ship Taíno Excels During First Speed Trial

Commitment class sister ship Taíno is one step closer to joining El Coquí in service between the U.S. mainland and Puerto Rico, following completion of her first speed trial. “As part of the …
Sep 14, 2018 /  Vessels
15,000 TEU container ship Al Jmeliyah christened in Rotterdam

15,000 TEU container ship Al Jmeliyah christened in Rotterdam

Inge Sijbesma, wife of the CEO of DSM, is naming patron // The “Al Jmeliyah” will link Europe with the Far East // The ship is technically equipped to use LNG fuel Tuesday, the 15,000 TEU ship "Al Jmeliyah" …
Sep 13, 2018 /  Vessels
MHI-MME Part of Industry Consortium to Develop State-of-the-Art Container Vessel

MHI-MME Part of Industry Consortium to Develop State-of-the-Art Container Vessel

Mitsubishi Heavy Industries Marine Machinery & Equipment Co.,Ltd. (MHI-MME) is a party to an agreement made between leading marine industry players to collaborate in developing new levels of performance and …
Sep 11, 2018 /  Curious
Global Ship Lease Secures $65 Million Growth Facility for Fleet Expansion

Global Ship Lease Secures $65 Million Growth Facility for Fleet Expansion

Global Ship Lease, Inc. (NYSE:GSL), a containership charter owner, announced yesterday that the Company had entered into a $65.0 million credit facility with funds associated with Hayfin Capital Management and Breakwater …
Sep 11, 2018 /  Finance
Record container shipment arrives in Rotterdam port (Video)

Record container shipment arrives in Rotterdam port (Video)

Wednesday, 5 September 2018 was the arrival of the Mumbai Maersk in the port of Rotterdam. The 399-m long vessel was carrying a record number of containers in a single shipment: 19,038 TEU (the standard unit for cargo …
Sep 8, 2018 /  Vessels
Ocean Network Express announces delivery of 14,000-TEU containership ONE AQUILA

Ocean Network Express announces delivery of 14,000-TEU containership ONE AQUILA

Ocean Network Express Pte. Ltd. (ONE) announced yesterday that ONE AQUILA with a carrying capacity of 14,000 TEU, has been successfully delivered at Kure Shipyard of Japan Marine United Corporation. The sublet owner is …
Sep 8, 2018 /  Vessels