Connect with us

Container Shipping Lines

Yang Ming receives one more 11,000 TEU ship, YM Trophy

Published

on

Yang Ming receives one more 11,000 TEU ship, YM Trophy. Image: Yang Ming
Yang Ming receives one more 11,000 TEU ship, YM Trophy. Image: Yang Ming
Listen to the story (FreightComms AudioPost)

 

Yang Ming Marine Transport Corp. took delivery of one new 11,000 TEU container vessel, ‘YM Trophy’. The vessel is chartered from Shoei Kisen Kaisha, Ltd. and was built by Imabari Shipbuilding Co., Ltd. After delivery, YM Trophy will be put into service immediately on Yang Ming’s Trans-Pacific route PS6 to provide efficient transport service between Asia and Pacific Southwest.

To increase Yang Ming’s mid- to long-term operational efficiency, the company has ordered a total of fourteen 11,000 TEU container vessels through long-term charter agreements with ship owners. YM Trophy is the tenth in the series. It was named at a ceremony held at Imabari Hiroshima Shipyard on April 7th. This type of vessel has a nominal capacity of 11,860 TEU and is equipped with 1,000 plugs for reefer containers. With a length of 333.9 meters, a width of 48.4 meters, a draft of 16 meters, YM Trophy can cruise at a speed of up to 23 knots. The containership incorporates various environmental features including scrubbers, Water Ballast Treatment Plant and Alternative Marine Power system.

YM Trophy adopts the twin-island design to increase loading capacity and navigational visibility, therefore enabling greater efficiency and safety. Its ship hull form optimization increases energy-saving efficiency and reduces overall emissions. With shorter length and beam, the ship can maneuver during berthing or departure more easily. The new dimensions enable the ship to call at major ports worldwide and pass through new Panama Canal with no restriction, and facilitate greater flexibility in vessel deployment.

Following the delivery of YM Trophy, the new ship and its sister ships will be deployed on Yang Ming’s Transpacific Southwest service PS6, Transpacific Northwest service PN2 & PN3, and Far East-South America service SA3, respectively. These ships will lower the average age of Yang Ming’s global fleet, reduce unit cost, and achieve energy efficiency. In all, they will allow more flexibility in fleet deployment, maximize capacity utilization, and meet the demands of customers. The entire series is expected to significantly enhance Yang Ming’s overall competitiveness and strengthen its global service network.

The port rotation for the 1st voyage of YM Trophy on PS6 is Qingdao – Ningbo – Pusan – Los Angeles – Kobe – Qingdao.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Container Shipping Lines

Euroseas Ltd. signs contract for the construction of two additional fuel efficient 2,800 teu feeder containerships

Published

on

Euroseas Ltd. signs contract for the construction of two additional fuel efficient 2,800 teu feeder containerships. Image: Unsplash
Euroseas Ltd. signs contract for the construction of two additional fuel efficient 2,800 teu feeder containerships. Image: Unsplash
Listen to the story (FreightComms AudioPost)

 

Euroseas Ltd., an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced that it has exercised its option to proceed with the construction of two additional eco design fuel efficient containerships. The vessels will have a carrying capacity of about 2,800 teu each and will be built at Hyundai Mipo Dockyard Co. in South Korea.

The two newbuildings are scheduled to be delivered during the fourth quarter of 2024. The total consideration for these two newbuilding contracts is approximately $86 million and will be financed with a combination of debt and equity. The vessels are sisterships of four other vessels ordered by Euroseas Ltd. in June 2021 and January 2022; Euroseas Ltd. has also ordered, and previously announced, three 1,800 teu vessels at the same shipyard.

The Company also announced that it intends to upgrade the engines of all of its six 2,800 teu vessels ordered to Tier III type (from Tier II) and have the ships be LNG-ready where possible for a total incremental cost for all vessels of about $11 million. Tier III type engine achieve lower NOx emissions. The three 1,800 teu vessels were ordered with Tier III type engines and are LNG-ready.

Aristides Pittas, Chairman and CEO of Euroseas commented: “We are pleased to announce the ordering of two additional modern eco-design 2,800 teu vessels in one of the top quality shipbuilders in the world. The current contracts along with the orders we placed previously bring our newbuilding program to nine vessels and solidify our presence in the large feeder containership sector. It further highlights our commitment for an environmentally friendly fleet. With our earnings visibility well into 2025, we believe that investing in modern new vessels makes good use of the cash flow that our existing vessels generate and positions Euroseas to benefit from upcoming market developments, especially, as related to new environmental regulations for the benefit of our shareholders.”

Continue Reading

Container Shipping Lines

Damietta Alliance developing and operating a new container terminal in Damietta, Egypt

Published

on

Damietta Alliance developing and operating a new container terminal in Damietta, Egypt. Image: Hapag Lloyd
Damietta Alliance developing and operating a new container terminal in Damietta, Egypt. Image: Hapag Lloyd
Listen to the story (FreightComms AudioPost)

 

A new terminal will be built in the port of Damietta/Egypt. For this purpose, a Joint Venture was founded to develop and operate the new “Terminal 2” in the port. The Joint Venture “Damietta Alliance Container Terminal S.A.E.” consists of three core shareholders which are Hapag-Lloyd Damietta GmbH, Eurogate Damietta GmbH and Contship Damietta Srl. Two other partners, Middle East Logistics & Consultants Group and Ship & C.R.E.W. Egypt S.A.E., will each hold 1%.

The new Terminal 2 at the port of Damietta is expected to start operations by 2024. It will have a final total operational capacity of 3.3 mio TEU and serve as Hapag-Lloyd´s dedicated strategic transshipment hub in the East Mediterranean.

“With the new terminal Hapag-Lloyd will significantly improve its transshipment operation in the East Mediterranean market as well as access to the local Egyptian trade”, said Rolf Habben Jansen, CEO of Hapag-Lloyd.

Thomas H. Eckelmann, Chairman of the EUROGATE Group Management Board, stated: “With the Terminal 2 being operational in 2024, Hapag-Lloyd and its partners will be able to use a state-of-the-art terminal with sufficient capacity, high productivity and a dense feeder network.”

Cecilia Eckelmann-Battistello, Chairman of the Board of Contship Italia, added: “We feel privileged and are extremely grateful for the support of the Egyptian government. The concession to operate the facility is granted to the Joint Venture for 30 years. This gives us and our respective customers a long-term perspective in the port of Damietta.”

The Egyptian Minister of Transport, Lieutenant-General Eng. Kamel Al-Wazir, commented: “This is a very encouraging, well planned partnership of international and Egyptian private sector in order to position Egypt as a global hub for logistics and trade. In this first phase we will establish the port of Damietta as an integrated logistics hub for containers, which will then be followed by the establishment of logistic corridors reaching to different manufacturing areas in Egypt by railway network.”

The final signing of the concession agreement has taken place today in Cairo, Egypt.

Continue Reading

Container Shipping Lines

A.P. Moller – Maersk completes acquisition of Pilot Freight Services

Published

on

By

A.P. Moller - Maersk completes acquisition of Pilot Freight Services. Image: Maersk
A.P. Moller - Maersk completes acquisition of Pilot Freight Services. Image: Maersk
Listen to the story (FreightComms AudioPost)

 

A.P. Moller-Maersk has announced the completion of its acquisition of Pilot Freight Services, a leading U.S.-based international and domestic supply chain provider with cross-border solutions into Canada and Mexico. Pilot Freight Services will be rebranded to Pilot – A Maersk Company.

The strategic and highly complementary acquisition will benefit customers by offering customized international, domestic and cross-border logistics to Maersk’s North America landside logistics capabilities for business-to-business and business-to-consumer distribution models. Equally important, new supply chain capabilities for the big and bulky sector with white glove home delivery service are added.

Maersk is constantly working with its global supply chain to accelerate solutions for customers that support their strategic business ambitions. With Pilot – A Maersk Company, Maersk extends its end-to-end offerings deeper into the North America supply chain of its customers, adding important supply chain infrastructure capacity and scale. The combined Pilot and Maersk scale will offer customers approximately 150 facilities in the U.S., including distribution centers, hubs and stations.

“Our customers are looking for us to accelerate their supply chain speed, remove handoffs and constantly improve their end-to-end, omni-channel business model to reach their financial growth goals. Pilot’s expertise and existing infrastructure enables us to achieve these goals by creating more agile, nimble supply chains to serve customers the way they want to be served.” said Narin Phol, Regional Managing Director of Maersk North America.

Pilot brings customized shipping and logistics expertise with a network of 190 global partners and a North American facilities-based network of 87 stations and hubs through which freight is transported and distributed to end customers. The company uses mainly third-party providers of trucking and has access to controlled capacity which includes full truckload (FTL) and less-than-truckload (LTL) for both B2C and B2B distribution including heavy and bulky shipments with white glove service for expedited and time definite services.

“Teaming up with an industry leader like Maersk is a natural fit and will enable our company to tap into significant, new future growth opportunities for our customers and employees. We like Maersk’s continuous improvement mindset and active investment pattern in expanding supply chain solutions so we’re excited to work together in our expanded role.” commented Zach Pollock, Pilot Freight Services CEO.

The transaction price of USD 1.68bn equals to an enterprise value of USD 1.8bn post IFRS-16 lease liabilities.

Maersk continues its ambitious plan integrating North American supply chain infrastructure and solutions for customers, adding new end-to-services and scale on an annual basis.

In 2022, Maersk invested in over 400 electric trucks to lead the sustainable transport sector in the U.S. with fleet orders from Volvo Trucks and Einride. Also ahead in 2022, Maersk North America customers will tap into more transatlantic air freight cargo capacity when the acquisition of Hamburg, Germany-based Senator International is completed in Q2 2022, pending all regulatory approvals. In 2021, Maersk E-Commerce Logistics acquired Salt Lake City, Utah-based Visible Supply Chain Management – a leading U.S.-based E-commerce fulfillment provider to strengthen the company’s business model – with emphasis on B2C and B2B e-fulfillment. In 2020, El Segundo, California-based Performance Team – A Maersk Company was acquired, operating over 60 distribution and fulfillment center locations and Transportation services. In 2019, Maersk Customs Services USA, Inc. acquired Vandegrift Inc., adding important U.S. Customs Brokerage services, expertise and scale to customers looking to optimize their Customs compliance and reduce financial risks.

Pilot Network locations

A.P. Moller - Maersk completes acquisition of Pilot Freight Services. Image: Maersk

A.P. Moller – Maersk completes acquisition of Pilot Freight Services. Image: Maersk

Continue Reading

Popular

Copyright © 2017-18 | FreightComms | Made with ♥ in Singapore