Containerships

Latest News for: Containerships

Danaos seals $2.2bn debt refinancing

Splash24/7 21 Jun 2018

New York-listed Greek containership owner Danaos Corporation has sealed a refinancing agreement with lenders holding around $2.2bn of debt maturing at the end of this year ... John Coustas, CEO of Danaos, commented ... Danaos Corporation has a fleet of 59 containerships with a total capacity of 352,600 teu. ....

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CMA CGM adding 19 vessels to its fleet with acquisition of Containerships

Splash24/7 20 Jun 2018

CMA CGM has reached an agreement with Finland’s Container Finance to acquire containership owner and logistics firm Containerships....

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CMA CGM Containerships Ltd. buy another Europe footprint expansion

Journal of Commerce 20 Jun 2018

CMA CGM believes expanding into land routes with supply chain services is the key to maintaining growth following the consolidation of the container shipping market. Photo credit. Shutterstock.com. CMA CGM has announced plans to acquire intra-Europe specialist Containerships, a targeted acquisition that is aimed at expanding its presence in the continent’s... ....

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China Steel VLOC smashes into Evergreen boxship at Kaohsiung

Splash24/7 20 Jun 2018

A very large ore carrier operated by Taiwan’s China Steel Corporation collided with an Evergreen post panamax containership at Kaohsiung port yesterday ... ....

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Global Ship Lease Takes Delivery of 2,800 TEU Containership

Stockhouse 18 Jun 2018

Expands fleet amid strengthening market for mid-sized and smaller containerships ... (NYSE.GSL) (the “Company”), a containership charter owner, announced today that the Company has taken delivery of a 2005-built, 2,800 TEU containership, now named GSL Valerie ... Global Ship Lease is a containership charter owner....

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Yangpu Sinowell Shipping dismisses bankruptcy rumours

Splash24/7 18 Jun 2018

Sinowell said operations were continuing normally ... Yangpu Sinowell Shipping is a subsidiary of Shenzhen Sinowell Logistics Group, According to the company’s website, it currently operates about 30 coastal containerships. The shipowner has sold four ships recently. ....

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Hyundai Heavy's Iran deal in trouble

Korea Times 18 Jun 2018

By Jhoo Dong-chan. Hyundai Heavy Industries (HHI) is facing an increasingly uncertain outlook for its expanding business deals with Iranian companies amid the renewed U.S ... In December 2016, HHI signed a deal with Iran's state-owned Islamic Republic of Iran Shipping Lines (IRISL) to build four 14,500 twenty-foot equivalent unit (TEU) containerships and six 49,000-ton tankers for petrochemical products ... sanctions back in position." ... ....

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How to approach the rebound in container vessel owner values

Splash24/7 18 Jun 2018

In January I wrote for Splash on Pacific Basin valuation approaches. Bulk has been in a rebounding form from low-lows pattern for some time ... Longer term, the risks we need to focus on for containerships will be 1) the capex for installation of scrubbers at up to $6m per ship (or higher fuel costs, etc.), 2) the risk of economic obsolescence on older ships where scrubbers can’t be justified, and 3) another rise in scrapping ... ....

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Navios Containers takes up to nine more boxships

Splash24/7 17 Jun 2018

The vessel is attached to a charter priced at $28,523 until December 2023 ... Navios Containers is also acquiring four 10,000 teu containerships from an unnamed third party for a total of $210m ... ....

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Navios Maritime Containers Inc. Announces Acquisition of Five Containerships and Options to Acquire Four Additional Containerships

Stockhouse 15 Jun 2018

(“Navios Containers” or the “Company”) (NOTC.NMCI), a growth vehicle dedicated to the container sector, announced today that it has agreed to acquire five containerships for a total purchase price of $246.0 million.  The Company expects to take delivery of all five vessels in the third quarter of 2018 ... Navios Containers also acquired options for an additional four containerships for a purchase price of $36.0 million per vessel....

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Navios Maritime Partners L.P. Announces Sale of One Containership and Options to Sell Four Additional Containerships

Stockhouse 15 Jun 2018

(“Navios Partners”) (NYSE.NMM), an international owner and operator of container and dry bulk vessels, announced today that it has agreed to sell the Hyundai Hongkong, a 2006-built, 6,800 TEU containership for a total net sale price of $36.0 million to Navios Maritime Containers Inc ... Following the above mentioned sale of one containership, Navios ......

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Shreyas Shipping boxship explodes near Kolkata

Splash24/7 15 Jun 2018

Containership SSL Kolkata suffered an explosion onboard while near Kolkata, India yesterday ... The Indian Coast Guard sent rescue vessels and aircraft for the rescue operation and successfully rescued all 22 crews ... ....

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Weekly Broker: Lighter Posidonia hangover a sign of the bargains on offer

Splash24/7 14 Jun 2018

The normal Posidonia hangover in the S&P markets has not been as keenly felt this year, a likely sign that owners continue to waste little time to hoover up bargains before prices start to accelerate northwards ... The chartering market in all bulker segments has been positive during the past week ... In the secondhand containership sale and purchase market, the past week has seen increasing numbers of ships fixed to new owners ... ....

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