Breakbulk Events & Media’s Post

VESSEL REVIEW: JAPAN MARINE UNITED CORPORATION (JMU) has handed over a new Ro-Ro vessel to compatriot shipping company Senba Kaiun. 'JFE Hakuryu' will operate under charter with JFE Logistics Corporation to provide sea transport services for JFE Steel Corporation. The cargo deck will be capable of handling wheeled vehicles as well as palletised freight each weighing up to 100 tonnes. JMU said the newbuild is an improvement over an earlier series of Ro-Ro pallet carrier boasting enhanced efficiency thanks to a fully automated cargo handling system that also includes a side loading/unloading capability for heavy vehicles. A second cargo layer was incorporated, allowing the operator to transport a significantly greater volume of palletised freight totalling approximately 3,700 cubic metres over the same distance. Read full review here: https://bit.ly/477Zy8Z Subscribe to the Work Boat World newsletter – https://bit.ly/3PlDbEe • ClassNK - Nippon Kaiji Kyokai

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.

VESSEL REVIEW: JAPAN MARINE UNITED CORPORATION (JMU) has handed over a new freight-only Ro-Ro vessel to compatriot shipping company Asuka Kisen for operation under charter with JFE Logistics Corporation. 'JFE Kokuryu' will be used to provide sea transport services for JFE Steel Corporation. As with its near-identical sister 'JFE Hakuryu', the vessel boasts a cargo deck that is capable of handling wheeled vehicles as well as palletised freight, allowing for efficient loading and unloading operations. JMU said the vessel is an improved variant of an earlier Ro-Ro series that boasted improved efficiency through the incorporation of a fully automated onboard cargo handling system with a side-mounted loading/unloading platform for use by heavy wheeled vehicles. Other key improvements include the installation of a second cargo deck to enable more palletised freight to be transported on each trip. Read full review here: https://bit.ly/47BmY6k Subscribe to the Work Boat World newsletter – https://bit.ly/3PlDbEe • ClassNK - Nippon Kaiji Kyokai

Top 22 World’s Largest Container Ships in 2024 Check out this article 👉 #ContainerShip #CargoShip #Shipping #Maritime #MarineInsight #Merchantnavy #Merchantmarine #MerchantnavyShips

Early onset of peak season: almost zero vessel idling Higher-than-expected cargo demand and the reappearance of vessel congestion in some key ports are putting additional strain in the maritime supply chain. Combined with the fallout from the Israel - Gaza War, subsequent threats in the Red Sea, and the ensuing service diversions via the Cape of Good Hope, supply of container tonnage remains tight on a global level. The number of commercially idle ships, which had already been low in recent months, has fallen even further in the second half of May, with idle capacity now at only 0.4% of the total fleet. The market has last seen such a low level of vessel idling in February 2022, when carriers deployed each and every available ship to capitalize on the sky-high post-pandemic container freight rates. Between Alphaliner’s last two surveys, vessel idling dropped by more than 62,000 teu in terms of capacity. As per 20 May, the global idle container ship fleet settled at 57 ships and 139,984 teu. The peak season started early this year, presumably since importers are front-loading containers to get ahead of anticipated supply chain delays and equipment shortages. Strong cargo demand is thus expected to keep demand for tonnage high in the coming months. Idle fleet breakdown > 500 TEU as at 20 May 2024 > “commercially idle’ : ships without a revenue-generating commercial activity, such as vessels in warm or cold lay-up, between service assignments for longer-than-normal periods, arrested, detained, abandoned, or idle for any other reasons (excludes ships waiting off congested ports as part of a commercial revenue-generating service deployment). > ‘in yard’ : ships in or at shipyards for routine maintenance, emergency repair, retrofit, conversion, or any other works (excludes new buildings under construction). > ‘inactive’ : the sum of ‘commercially idle’ + ‘in yard’ .Despite this, it remains to be seen whether the market will be able to absorb the almost 2 Mteu of new buildings still due this year. The increased demand for tonnage was also reflected in the number of vessels in yard being reactivated. Over the past two weeks, almost 32,000 teu of container ship capacity left drydock to re-join revenue service. Alphaliner registered 124 ships for 483,330 in drydock in its latest survey

Top 22 World’s Largest Container Ships in 2024 Check out this article 👉 #ContainerShips #CargoShips #Shipping #Maritime #MarineInsight #Merchantnavy #Merchantmarine #MerchantnavyShips

Idan Ofer-led Eastern Pacific Shipping Pte. Ltd. is said to have added a near $1bn order for up to 12 car carriers to its vast #newbuilding programme of 80 vessels worth more than $6bn. Industry sources said the Singapore-based company had contracted two shipyards in China — Fujian Mawei Shipbuilding and China Merchants Jinling Shipyard — to build the series of LNG dual-fuel 5,500-ceu carriers. It has booked up to eight newbuildings at Fujian Mawei Shipbuilding — four firm vessels with the option for four more — while Jinling was contracted to build two firm ships with the option for an additional two. Eastern Pacific declined to comment on its newbuilding activities. One car carrier player confirmed the deals, adding that Eastern Pacific had lined up employment for some of the newbuildings with Spanish ro-ro car carrier operator Suardiaz Shipping Lines. The charter period and rates have yet to emerge. A car-carrier specialist said the mid-size pure car/truck carriers that Eastern Pacific has ordered are likely to be deployed between China and Japan, the US, Oceania, or in intra-Europe. He added that these vessels are needed as not all ports can accommodate larger ships of 9,000 ceu to 10,000 ceu. “The 5,500-ceu newbuildings were ordered with the intention of having a fleet renewal for regional trade … the orderbook for mid-size PCTCs is very low, unlike the bigger vessels,” the market specialist said. Clarksons’ Shipping Intelligence Network shows the global orderbook for PCTCs stands at 201, of which 96% are larger ships of between 6,500 ceu and 10,800 ceu. The remaining seven newbuildings comprise four 4,200 teu vessels, two of 3,000 ceu and one of 2,450 ceu. “For now, the Carbon Intensity Indicator and FuelEU are yet to be fully introduced, but I assume when it does after 2026, there will be probably a new contracting wave of PCTCs of this size,” the specialist said. He thinks shipowners may face a challenge in getting shipyards to build mid-size PCTCs as the vessels take up the same berth space as larger car carriers of between 9,000 ceu and 10,500 ceu. “Once again, Eastern Pacific is ahead of the [newbuilding] curve but it is paying as much as the large PCTCs that it had ordered,” he said. Eastern Pacific is said to be paying about $80m each for the mid-size ships, or about $960m for the dozen vessels. With the spree on 5,500-ceu vessels, the company is calculated to have splurged almost $2.5bn in ordering 30 car carriers including 18 LNG dual-fuel 7,000-ceu newbuildings between 2021 and early this year at an average price of about $83m apiece at yards under China Merchants Jinling Shipyard. #shipping #shippingindustry #PCTC #Greenshipping Pls refer to the link for more insights :https://lnkd.in/echw_jDM

South Africa’s ports operator Transnet reports it is moving forward with a fleet renewal program as part of an overall effort to tackle the perennial challenges of inefficiencies that have placed the ports at the bottom of international rankings and led to massive delays and congestion. Transnet National Ports Authority said it will invest $52 million to acquire seven tugboats to be used at Durban and East London. Two contracts were awarded to Damen Shipyards Cape Town to deliver the seven tugboats between April and August. The new tugboats will replace aging crafts that have reached their operational lifespan. The company said the new tugboats boast will have the latest hull design and propulsion, as well as a 60-ton bollard pull which is a much-needed improvement from the bollard pull of the existing tugboats that range between 32 and 40-ton bollard pull. The new crafts will also be highly maneuverable while guiding larger vessels. “This investment demonstrates TNPA’s ongoing commitment to providing reliable marine craft at our ports, which will enable us to effectively service the marine industry and respond to global shipping demands,” said Captain Rufus Lekala, TNPA Chief Harbor Master. Durban, the country’s biggest container seaport that handles approximately 60 percent of container traffic will be allocated five of the tugboats with the other two going to East London. Durban has drawn the most attention highlighting the inefficiency of the port operations. Late last year, the port of Durban witnessed unprecedented congestion that peaked in the last week of November when vessels with more than 61,000 containers were forced to remain at the outer anchorage due to operational challenges, equipment failures, and bad weather. The inefficiencies at Durban have mainly been attributed to underinvestment in equipment and maintenance. An analysis by Economist Intelligence showed that while South Africa may have picked up new business, its ports have been constrained by inefficiencies, congestion, and power supply issues that have prevented operators from fully exploiting the Red Sea security crisis and the increased flow of seaborne traffic. “The travails of South Africa have pushed some shipping companies using the Cape route for east-west trade to look further afield for restocking and bunkering services,” states the analysis. It contends that the problems in South Africa’s ports have directly benefited the Toamasina port in Madagascar, Port Louis in Mauritius, and Walvis Bay in Namibia, which are strategically located on the east-west route connecting Asia with Europe. The investment in the tugs comes as the South African government is pushing other key steps including new management for the company and contracting international companies to operate terminals across its eight ports.

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

99 Orders! This Ship kind of Vessel is “on Fire”! Shipowners Are Placing Massive Orders, and Chinese Shipyards Are Busy Building Recently，Nanjing Ocean Shipping Co., Ltd. （NASCO）has just signed a contract with China Merchants Jinling Shipyard (Nanjing) for the construction of two 63,500 DWT bulk carriers. This isn't the first time Nanjing Ocean has invested in such vessels. They previously ordered two 63,500 DWT bulk carriers from China Merchants Jinling in 2023, with the project progressing smoothly. According to Nasco，This new order is a strategic decision based on current market conditions and the company's situation. 💡 Ultramax Bulk Carriers Are a Favorite! 💡 According to Clarkson's data, Handymax bulk carriers are those with a deadweight of 45,000-69,999 DWT (including those built before 2014 with 40,000-44,999 DWT). Within this category, Supramax ships are 50,000-59,999 DWT, and Ultramax ships are 60,000-69,999 DWT. Currently, Clarksons records 421 Handymax bulk carrier orders, with 398 being Ultramax vessels, highlighting their popularity. In 2023, 292 Ultramax orders have been placed, with 89 orders since January 1st. Key players like Jinhui Shipping, Qingdao Agricore, Huaxia Financial Leasing, Wah Kwong Maritime Transport Holdings Limited , and Xiamen Financial Leasing (for COSCO Shipping Bulk) are among the major buyers this year. Clarkson's data also shows that New Dayang Shipbuilding holds the most Ultramax orders, followed by Nantong Xiangyu Shipbuilding and New Hantong Shipyard. 🌟 A Major Deal Highlight! 🌟 Recently, Jiangsu Soho Holdings Group, through its Yangzhou Shun Tian Shipyard, signed contracts for 10 63,500 DWT bulk carriers with Greek shipping magnate George Procopiou's Sea Traders, China Development Bank Leasing, Jiangsu Ocean Shipping, and other domestic and international shipowners. The deal is worth nearly $320 million. These new orders haven't been included in Clarkson's statistics yet. Adding these 10 ships to the 89 previously mentioned means there have been 99 new Ultramax bulk carrier orders this year! 📈 #ShippingIndustry #Ultramax #BulkCarrier #NanjingOcean #ChinaShipbuilding #MaritimeNews #Clarkson #ShippingTrends #GlobalTrade 📈