New World's Largest Ships for CMA CGM

The CSSC (China State Shipbuilding Corporation) started the construction of 2 huge ships for the line, each of the vessels is 22,000 TEUs. The containerships were ordered back in September 2017, but the steel cutting ceremony was held on July 26th only in Shanghai. The new vessels are of the nine-strong series and will be equipped with up to date LNG-powered engines. The giants are going to be 400m x 63.3 m and 33.5 m high and those are going to be the world's largest boxships.

USD 1.2 billion purchase should be delivered to the owner in the end of 2019 and expected to start operation in 2020.

COSCO Buys Majority Stake in OOCL

COSCO Shipping Holdings has taken control of Orient Overseas Container Lines (OOCL) after it acquired the majority stake in the company.

The USD 6.3 billion takeover has received approval from the Chinese anti-trust body in June. COSCO now holds 90.1% of OOCL’s parent company, OOIL (Orient Overseas International), making it the world’s third-largest container carrier. Their fleet consists of 400 vessels with a capacity of over 2.9 million TEUs.

Lindblad Orders New Polar Expedition Cruise Ship

US-based cruise company Lindblad Expeditions Holdings has placed an order for a new polar expedition ship.

The vessel is scheduled to be delivered in 2021. It will be the fourth polar vessel in the Lindblad Expeditions-National Geographic fleet, joining the National Geographic Explorer, the National Geographic Orion and the National Geographic Endurance (scheduled for delivery in 2020).

"We are extremely excited to announce the further expansion of our expedition fleet. This is the next step of our long-term growth strategy to capitalize on the expanding demand for high quality adventure travel,” Sven-Olof Lindblad, President and CEO, stated.

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