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Big Future for Giant Ships

Bigger is better.
An "infectious" trend toward ordering more and bigger box ships seems unstoppable as carriers fulfill their alliance capacity commitments, reports Lloyd's List.  The average ship order size in 2014 was 7,500­ TEU, but in the first quarter of 2015, the average was 13,600 TEU, said London's Braemar ACM Ship broking.  The current new building order book, as of May 1, consists of 427 vessels, with 157 boasting capacities of 10,000 TEU or more, said Braemar.
"An "infectious" trend toward ordering more and bigger box ships seems unstoppable" Braemar
Ship brokers say 500,000 TEU in new capacity has been ordered in first quarter, with Braemar estimating that ultra large ships represent half of the one million TEU ordered in all of 2014.  Of the 36 units ordered in the first quarter, 23 or 64 per cent were in the 10,000­TEU or above range. Quarterly orders include six 20,000­TEUers from G6's Orient Overseas (International) Ltd, four 20,000 TEUers from fellow G6­er MOL ­ with OOCL chartering another two of the same class while CKYHE partner Evergreen plans to charter eleven 18,000 TEUers.
Despite the Chinese New building Price Index showing relatively flat prices so far in 2015 for the containership segment, Braemar expects an upward correction if prices if charter remain high.  "We can also expect more interest in the new building activity as potential buyers sense   a pending price increase," the broker said.
Much of this capacity is set to be rolled out on the Asia­ Europe trade, which is suffering from significant oversupply and, as Braemar states, is a long way from being corrected.  "The methodology behind the latest round of ordering has been the infectious strategy to upsize Asia­ Europe loops with the biggest ships on offer and this is the alliance effect," said Braemar.
 
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trucknews.com

SYDNEY, N.S. —  In mid-December, Ports America and Sydney Harbour Investment Partners (SHIP) announced they had reached an agreement to work together to promote, develop and manage Novaporte – a planned mega-terminal – in the Port of Sydney.
Why shipping experts think the time is right to build a container terminal in Sydney

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Ports Day in Sydney has transformed in recent years into a hotbed of discussion about the potential of building a container terminal in the harbour — and this year, attendees from all facets of the shipping industry say the time is right to make it a reality. The big announcement this week came from the Canderel Group of Companies, based in Montreal.
Officials at Port Days event make case for Sydney Harbour container terminal

Company has rights to market the port and attract financiers, builders, shippers and operator to get $1.5B plan started

SYDNEY – Speakers at the Port of Sydney Development Corp.’s Port Days event on Thursday were mostly preaching to the converted, but one after another laid out the case in favour of a container terminal and logistics park in Sydney Harbour.
Technical feasibility study gets funding

China Communication Construction Company and Harbor Port Development Partners agree to fund technical feasibility study for NOVAPORTE

This meeting took place April 18th​ 2016 at CCCC’s headquarters in Beijing. The meeting formalized CCCC’s role in preparing the feasibility study for NOVAPORTE...
NOVAPORTE presented at Suez Canal conference

Project described as “transformative opportunity to connect China’s One Belt One Road transportation strategy directly to North American markets..."

Port of Sydney CEO Marlene Usher attended as a guest of conference organizers, describing the NOVAPORTE project as “transformative opportunity to connect China’s One Belt One Road transportation strategy directly to North American markets through a container port and transshipment hub at the Port of Sydney”.
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THE CHRONICLE HERALD

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Egyptian ambassador hopeful about shipping partnership with Sydney port

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Egypt's ambassador to Canada was in Cape Breton this week to promote business and education links between the island and his country. Motaz Zahran toured Sydney Harbour on Wednesday with Cecil Clarke, the mayor of the Cape Breton Regional Municipality, who pitched for Egypt to consider Sydney's port as traffic increases in the newly-expanded Suez Canal.
ASSOCIATED BRITISH PORTS

KEEPING MEGA-SHIPS ON COURSE

by Captain Martin Phipps, Master Mariner and the Harbour Master, ABP Southampton

 
Ultra Large Container Ships (ULCS) have become an increasingly familiar – and spectacular – sight around the UK’s coast as vessels continue to grow in size. When one of these mega-ships, the MSC Maya, made her maiden call at Southampton recently she became largest containership to visit the port so far at 19,224 TEU and 395.4 metres in length. Mega-ships now represent well over half of the business at the...
CBRM port development potential enormous

The handout for this year’s Sydney Harbour Port Days was entitled ‘Thinking Big’ – A new home on the East Coast for Ultra Large Container Vessels.

It might also have been billed as ‘The Clock is Ticking’ for that was the underlying message delivered by several of the guest speakers.
Nova Scotia mega container port project gaining traction

American Journal of Transportation

After marking time for several years, an ambitious project to build a mega deep-sea container port at a greenfield site in Sydney on Cape Breton in Nova Scotia appears to be gaining traction though key pieces of the puzzle still need to fall into place. And it has a new name: Novaporte together with an adjacent logistics park called Novazone. Both are conceived to operate within a Foreign Trade Zone.
China Communications Construction Company tours Port of Sydney, study in the works

THE CHRONICLE HERALD

Sydney port officials are hoping to have a shipper, business plan and feasibility study for a Sydney container hub within...
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Access to the sea has played a significant part in Cape Breton’s history. We have a storied history involving our prime maritime location. Beyond that history, however, Sydney’s port has a future and with it, a source of sustainable and significant economic growth for our...
McKeil Marine - Serious on Sydney

McKeil wants base in Atlantic region

A supplier of tug, barges and marine equipment says Sydney wasn't even on its radar not long ago, but now it has serious plans to make the port home for its Atlantic Canada operations.
Building the Triple EEE

Worlds Largest Ship

Click to watch a Discovery Channel documentary of how the largest ship in the world was built - the EEE.
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