What Crew Members Say About Zim-Wilmington

A noteworthy transaction has taken place in the maritime industry, as a vessel has been sold for around $80 million to the US-based company Byrs. The deal includes the terms of a time charter at a rate of $39,500 per day, which will be applicable until early 2018. This sale marks a significant move for Byrs, further solidifying its presence in the shipping sector.

In an exciting announcement, Hyundai Samho Heavy Industries (HSHI), part of the renowned Hyundai Heavy Industries (HHI) group, proudly revealed that the UASC Umm Qasr, a state-of-the-art 9,000 TEU containership, has been honored with the prestigious title of 'Green Ship of the Year' by the Maritime & Port Authority of Singapore. This eco-friendly vessel, which spans 300 meters in length, 24.8 meters in height, and 48.2 meters in width, was officially delivered to Asiatic Lloyd, a Singapore-based company, on July 31, 2014. Currently, the UASC Umm Qasr is chartered to the United Arab Shipping Company (UASC) based in Dubai, underscoring its role in sustainable maritime practices.

The United Arab Shipping Company (UASC) has secured a charter agreement for a state-of-the-art 9,034 TEU vessel from Singapore's non-operating owner, Asiatic Lloyd. The neopanamax containership, named Asiatic Spring, was recently handed over by Hyundai Samho shipyard and is currently moored in Busan, where it awaits its new operational deployment this October, according to Alphaliner. UASC plans to incorporate this vessel into the FE-West Med AMC 1/AMX 1 service, which is operated in partnership with China Shipping Container Lines (CSCL). This step is part of UASC's strategy to enhance service capabilities by upgrading to ships with a capacity of 9,000-9,500 TEU, replacing the existing fleet of 6,918 TEU units that will be transitioned to serve the Indian subcontinent and MEUSEC Mina routes. This strategic move comes ahead of the anticipated Ocean Three alliance, a collaboration among CMA CGM, CSCL, and UASC, aimed at optimizing services for the FE-Europe and FE-North America shipping lanes.