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    AMSA: MLC 2022 Annual Report

    Lessons learned: The pilot must use an independent DGPS antenna for his PPU

    Lessons learned: Serious hand injury during mooring operations

    dry dock

    Lessons learned: Always check equipment before resetting its electrical supply

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    ZEMBA

    Poseidon principles revised to align with IMO’s 2023 GHG Strategy

    LR approves SRC Group for retrofit methanol storage solution

    LR approves SRC Group for retrofit methanol storage solution

    Aramco to join LNG business by acquiring stake in MidOcean Energy

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    Panama Canal to allow 31 transits per day, starting November 1st

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SAFETY4SEA

Hapag-Lloyd and Evergreen place orders for mega ships

by The Editorial Team
June 21, 2019
in Shipping
al seer damen

Above image is used for illustration purposes only

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Wall Street Journal reported that Hapag-Lloyd and Taiwanese carrier Evergreen Marine Corp have separately placed orders to Asian yards for the construction of more than a dozen mega-container ships that would have a combined value of about $2.2 billion.

This reflects the change in the shipping industry, as shipping companies order bigger vessels for transmitting goods. Yet, this could also mean that new orders could experience a decrease in light of bigger vessels presence.

Hapag-Lloyd, allegedly, has placed is orders on yards in Japan, South Korea and China for up to six ships that could each move 23,000 containers. Meanwhile, Evergreen is considering adding eight or nine ships in a deal that may be signed by the end of the summer.

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Wall Street Journal’s Costas Paris, noted that in total the combined shipbuilding deals could be worth in excess of US$2.2 billion. If they go through they would widen the gap between capacity and demand on container shipping’s vital critical Asia-to-Europe trade lanes.

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Following big orders, in March 2019, COSCO presented the designs of a record-breaking 25,000 TEU vessel following approval from the country’s national shipbuilding company.

Hapag-Lloyd and Evergreen are both members of two of the three major shipping alliances which enable carriers to cut costs through ship and port slot sharing, a consequence of the lingering overcapacity crisis.

Tags: Evergreenfleetfleet expansionHapag-Lloydshipbuildingshipping industry
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