Alphaliner Newsletter no 19 - 2013 full

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ALPHALINER Weekly 2013 Issue 19 NEWBUILDING UPDATES CSCL’s 18,400 teu ships are aimed at the Far East Europe trade. UASC, which co-operates with CSCL on several trades, is also mulling a similar order. The two carriers could then mount a joint Asia-Europe loop run with ten ships of 18,000 teu. CSCL and UASC currently offer a joint FE-Europe service involving also CMA CGM as ship provider. CSCL provides six 14,074 teu ships while UASC provides three ships of 13,100 teu. CMA CGM provides the tenth ship. The three carriers also jointly operate the FE-Middle East AMA/AGX 1/ CIMEX 1 service which deploys seven ships of 12,500-14,000 teu. CSCL 18400 class 2014 'Triple E' Class 2013 CMA CGM MARCO POLO 2012 EMMA MAERSK 2006 GUDRUN MAERSK 2005 SOVEREIGN MAERSK 1997 REGINA MAERSK 1996 NYK ALTAIR 1994 PRESIDENT TRUMAN 1988 CSCL selects HHI for its 18,400 teu newbuildings Hyundai Heady Industries (HHI) has secured the order for five 18,400 teu ships from CSCL. HHI confirmed in a statement today that it had won the order worth a total of $700 M. The contract price works out to $140 M per vessel, which is $50 M lower than what Maersk agreed to pay in 2011 for their 20 ‘EEE’ units of 18,200 teu at Daewoo Shipbuilding & Marine Engineering (DSME). CSCL has opted for a single engine design for these ships, in contrast to Maersk which chose a costlier but safer twin-engine design. The CSCL ships, measuring 400 m in length, 58.6 m in width and 30.5 m in depth will start to be delivered from the second half of 2014. They will be the largest containerships ever built, with a nominal capacity that is marginally higher than Maersk’s ‘EEE’ units whose deliveries are due to start from this summer. Evolution of the largest containerships : 1988-2014 TEU LOA Breath Draft tdw m m m 18,400 TEU ~ 205,000 18,270 TEU ~ 200,000 16,020 TEU Page 4 © Copyright Alphaliner 1999-2013 187,600 15,550 TEU 175,000 9,500 TEU 115,700 8,200 TEU 105,000 7,403 TEU 90,500 4,953 TEU 63,000 4,538 TEU 55,500 0 100 200 300 400 500 Length Overall (LOA) in meters 400 58.6 16.0 400 59.0 16.0 395 53.6 16.0 397 56.4 16.0 367 42.8 15.0 347 42.8 14.5 318 42.8 14.5 300 37.1 13.0 275 39.4 12.5 © Alphaliner
ALPHALINER Weekly 2013 Issue 19 NEWBUILDING/RESALE UPDATES Pending Deliveries :- Wide-beam units of 8,000-9,999 teu with 19 rows on deck due in May and June (from Alphaliner records) : Name Teu Operator CAP SAN NICOLAS 9,814 Hamburg Süd built by Hyundai H.I. MSC ANTALYA (JUDITH SCHULTE) built by Jiangnan Changxing 8,948 MSC MSC ABIDJAN 8,827 MSC built by Sungdong VALOR 8,827 Evergreen built by Sungdong VALUE 8,827 Evergreen built by Sungdong CSAV TOCONAO 8,600 CSAV built by DMHI (Daewoo-Mangalia) The current depressed ship prices offer good opportunities for regional carriers with spare cash to build their own fleet at low cost, a strategy which should prove rewarding when the charter market picks up as they will be sheltered from potentially high charter rates. Growing interest for 9,000 teu wide-beam ships The Hyundai group has received last week two orders for its new 9,000 teu wide beam design (Hyundai 9000 W). Hyundai Samho will build two units for interests linked to International Maritime Enterprises SAM for delivery in May and June 2014, with two options attached. The two ships are ordered speculatively with no charters fixed. Other orders are on the rails, including six 'Hyundai 9000 W' units for Greek owner Oceanbulk and US private equity firm Oaktree Capital, which have concluded in March an LOI with Hyundai H.I. Six units of this design have already been delivered this winter to the Schulte Group and for XT Shipping, rated at 8,762 teu, which ordered them jointly in February 2011 with the backing of a seven year charter by MSC. These ships offer an Lbp to B ratio of only 5.9, which allows to limit their length to 300 m and their draft to 14.5 m, making them highly versatile as they are able to serve ports with restrictions, particularly in Latin America and India. This also makes them 'Black Sea-max' ships (or 'Bosporus-max') as the Turkish authorities place Bosporus transit restrictions for ships exceeding 300 m in length, although the transit for longer ships can be authorized on a case-by-case basis, depending on ships and circumstances. This explains Maersk’s decision to employ the seven wide beam units of 8,000 teu that it chartered from CSAV, which have a length of 299.9 m and a breadth of 45.6 m, on its Far East- Black sea service. This service is operated jointly with CMA CGM, which does not operate such wide beam ships for the moment and therefore deploys 6,550 teu units of 299.97 m with a breadth of 40 m alongside the Maersk 8,004 teu units. Simatech acquires two 3,300 teu ships Singapore interests linked to Dubai-based Simatech have purchased two ships of 3,359 teu, aged 15 years, from German non operating owner E.R. Schiffahrt, the E.R. SYDNEY and E.R. MELBOURNE. Both ships were owned by KGs initially set up by Nordcapital, the fund raising company of E.R. Schiffahrt, and were traded by Blue Star Holding, formed in July 2012 by E.R. Capital Holding and Komrowski Holding. Simatech has renamed them respectively UNI GLOBE and UNI GALAXY for employment on its intra-Gulf services and Gulf-India services. They are Simatech’s largest owned ships. They add to eight other owned ships of 1,200 to 1,700 teu. Simatech's current operated fleet stands at 40,000 teu, of which 70% is chartered. Its largest chartered ship is a 4,600 teu unit. Page 5 © Copyright Alphaliner 1999-2013
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Alphaliner Newsletter no 19 - 2013 full

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