Maersk Triple-E Vessel Breaks Record For Largest Ship To Sail On Thames

The Munkebo Maersk became the largest ship to ever sail up the River Thames as it called at DP World London Gateway, the UK’s newest deep-sea port hub today.

The 399 metre long, 60 metre wide, 195,000 ton Triple-E class vessel – equivalent in length to almost four football pitches – and capable of carrying more than 18,300 TEUs (Twenty-foot Equivalent Units) is one of the largest container vessels in the world, operating on Maersk’s new East-West Network.

It was drawn alongside DP World London Gateway Port, adjacent to Europe’s largest logistics park, at 7.30am on Thursday 26th February, with the help of the Port of London Authority’s pilots.

It comes just weeks after the Edith Maersk called at DP World London Gateway, which at 366 metres, had held the previous record for the largest ship to sail up the River Thames.

With quay cranes among the tallest in the world, coupled with cutting-edge, automated technology, DP World London Gateway enables vessels of this size and bigger to berth closer to two thirds of the UK market, removing unnecessary supply chain costs.

The Munkebo Maersk’s call also comes just two weeks after DP World announced that it is moving forward with plans for a new 400 metre third berth at London Gateway, scheduled to be operational in the second half of 2016.

Chief Executive of DP World London Gateway, Simon Moore, said: “This is yet another record and landmark moment for DP World London Gateway.

“By welcoming the Munkebo Maersk we have demonstrated again that we are more than capable of handling the world’s biggest container ships, in this case operating on the Asia-Europe routes.

“But ships are only going to get bigger and DP World London Gateway has been built to future proof its operational capacity, delivering efficiency that simply can’t be achieved elsewhere.

“Our weather resilient quay cranes, which are the biggest in the world and able to operate in winds that bring other UK ports to a standstill, can reach across 25 rows of containers and have a superior lift height – both wider and higher than any ship currently in service.”

The new Port General Manager of DP World London Gateway, Cameron Thorpe, said: “DP World London Gateway’s market-centric port hub, in an unrivalled location and with neighbouring logistics park, is built to handle the biggest ships and cut waste out of the supply chain. That is what we are doing now and will continue to do in the future.”

Managing Director of Maersk Line UK and Ireland, Brian Godsafe, said: “We’re using DP World London Gateway to help ensure the right container equipment is available for our customers in the locations they want it. In this instance, that means out in the Far East where they can be used to transport goods across our East-West Network.

“We are delighted that DP World London Gateway has been able to support us in serving our customers, and are pleased to help them break the record of the largest vessel on the Thames to date.”


Different Types of Marine Insurance & Marine Insurance Policies

The subject of Marine Insurance is very wide and encompassing, which is why there is a definite categorization of various types of marine insurance and different types of marine insurance policies. As per the needs, requirements and specifications of the transporter, an appropriate type or types of marine insurance can be narrowed down and selected to be put into operation.

The types of marine insurance available for the benefit of a client are many and all of them are feasible in their own way. Depending on the nature and scope of a client’s business, he can opt for the best marine insurance plan and enjoy the advantage of having marine insurance.

The different types of marine insurance can be elaborated as follows:

  • Cargo Insurance: Cargo insurance caters specifically to the cargo of the ship and also pertains to the belongings of a ship’s voyagers.
  • Hull Insurance: Hull insurance mainly caters to the torso and hull of the vessel along with all the articles and pieces of furniture in the ship. This type of marine insurance is mainly taken out by the owner of the ship in order to avoid any loss to the ship in case of any mishaps occurring.
  • Liability Insurance: Liability insurance is that type of marine insurance where compensation is sought to be provided to any liability occurring on account of a ship crashing or colliding and on account of any other induced attacks.
  • Freight Insurance: Freight insurance offers and provides protection to merchant vessels’ corporations which stand a chance of losing money in the form of freight in case the cargo is lost due to the ship meeting with an accident. This type of marine insurance solves the problem of companies losing money because of a few unprecedented events and accidents occurring.
In addition to these types of marine insurance, there are also various types of marine insurance policies which are offered to the clients by insurance companies so as to provide the clients with flexibility while choosing a marine insurance policy. The availability of a wide array of marine insurance policies gives a client a wide arena to choose from, thus enabling him to get the best deal for his ship and cargo. The different types of marine insurance policies are detailed below:
  • Voyage Policy: A voyage policy is that kind of marine insurance policy which is valid for a particular voyage.
  • Time Policy: A marine insurance policy which is valid for a specified time period – generally valid for a year – is classified as a time policy.
  • Mixed Policy: A marine insurance policy which offers a client the benefit of both time and voyage policy is recognized as a mixed policy.
  • Open (or) Un-valued Policy: In this type of marine insurance policy, the value of the cargo and consignment is not put down in the policy beforehand. Therefore reimbursement is done only after the loss to the cargo and consignment is inspected and valued.
  • Valued Policy: A valued marine insurance policy is the opposite of an open marine insurance policy. In this type of policy, the value of the cargo and consignment is ascertained and is mentioned in the policy document beforehand thus making clear about the value of the reimbursements in case of any loss to the cargo and consignment.
  • Port Risk Policy: This kind of marine insurance policy is taken out in order to ensure the safety of the ship while it is stationed in a port.
  • Wager Policy: A wager policy is one where there are no fixed terms of reimbursements mentioned. If the insurance company finds the damages worth the claim then the reimbursements are provided, else there is no compensation offered. Also, it has to be noted that a wager policy is not a written insurance policy and as such is not valid in a court of law.
  • Floating Policy: A marine insurance policy where only the amount of claim is specified and all other details are omitted till the time the ship embarks on its journey, is known as floating policy. For clients who undertake frequent trips of cargo transportation through waters, this is the most ideal and feasible marine insurance policy.

Marine Insurance is an area which involves a lot of thought, straightforward and complex dealings in order to achieve the common ground of payment and receiving. But as much as complex the field is, it is nonetheless interesting and intriguing because it caters to a lot of people and offers a wide range of services and policies to facilitate easy and uncomplicated business transactions. Therefore, in the interest of the clients and the insurance providers, it is beneficial and relevant to have the right kind of marine insurance. It resolves problems not just in the short run, but also in the long run as well.

Mitsui O.S.K. Lines Deal For Construction Of 20,000 TEU Containerships

Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the company has signed a deal for construction of four 20,000 TEU containerships with Samsung Heavy Industries (President and CEO: Dae-young Park; Headquarters: Seoul, Korea). MOL also concluded an MOU for long-term chartering of two 20,000 TEU containerships with Shoei Kisen Kaisha, Ltd. (President: Yukito Higaki; Headquarters: Imabari-shi, Ehime Prefecture).

The two containerships will be built at Imabari Shipbuilding Co., Ltd. (President: Yukito Higaki; Headquarters: Imabari-shi, Ehime Prefecture). The six vessels will be launched and delivered in 2017, and will serve the Asia-Europe service.

The 20,000 TEU type is the world’s largest among delivered and on order containerships. The newbuilding vessels will adopt various highly advanced energy-saving technologies, which will further reduce fuel consumption and cost, in comparison with 14,000 TEU types that MOL currently operates. Themain engines have the specifications which enable LNG use as fuel in the future remodeling.

MOL continues to offer high-quality and competitive services through fleet expansion.

World’s First Natural Gas Powered Container Ships

The world’s first natural gas powered container ships are getting national attention as the focus of the newest advertisement in the Think About It campaign sponsored by America’s Natural Gas Alliance (ANGA).

The ad, which launched today, highlights TOTE Maritime’s new liquefied natural gas (LNG) containerships. The ships have received praise within the shipping industry since the company made the announcement it was building them in December of 2012, but ANGA’s campaign is expected to catapult the project to the national stage, drawing attention to innovation and environmental responsibility in U.S. maritime shipping.

“TOTE Maritime is the first U.S. maritime company to announce the conversion of its fleet to natural gas,” noted Anthony Chiarello, President and CEO of TOTE, the parent company of TOTE Maritime. “Switching to natural gas will significantly reduce our emissions, improving air quality for our employees and the communities we serve.”

Construction of the first of two new Marlin class ships is nearing completion at the General Dynamics NASSCO shipyard in San Diego, Calif. The first ship will enter service between Jacksonville, Fla., and San Juan, Puerto Rico later this year as the most advanced, environmentally responsible vessel of its kind. The second ship will enter service in early 2016.

“We’re thrilled to highlight TOTE Maritime’s leadership in using natural gas to fuel its newest containership,” ANGA President and CEO Marty Durbin said. “This innovative ship marks a major milestone in the growing use of natural gas for marine transportation, driven by natural gas’ abundant supply and clear environmental benefits.”

TOTE also has plans to convert two of its existing ships serving Anchorage, Alaska, from the Port of Tacoma, Wash., to LNG by 2017. In both markets, the use of natural gas will significantly reduce particulate matter and carbon dioxide emissions along with sulfur oxide and nitrogen oxide.

Mark Tabbutt, Chairman of Seattle-based Saltchuk, the owner of TOTE, commented, “We are proud of TOTE and the work that it is doing to advance LNG as an alternative maritime fuel. It’s an honor and a privilege to have this story told on a national scale.”

ANGA’s ad campaign highlights TOTE and Saltchuk’s investment and leadership in clean energy solutions. Television and radio ads will air today in national outlets and various media markets.

Passion of Shipping