Wallenius Wilhelmsen Ocean has purchased the Neo-Panamax ship MV Titus.

Capable of carrying 8,000 cars, MV Titus is a Post-Panamax vessel built at the CSIC Xingang shipyard in China. It has a High Efficiency RoRo (HERO) design which reduces energy consumption and emissions.

“For a modern, efficient and environmentally sound fleet, Wallenius Wilhelmsen continues to replace older tonnage with modern vessels in line with our long-term plan. As it starts its journey today, Titus is one of the most efficient neo-panamax vessels on the seas,” Michael Hynekamp, President & COO Wallenius Wilhelmsen Ocean, said.

​Lekki Port LFTZ Enterprise is going to be the first Nigerian deep water sea port and will be ready for operation in 2020. It will have 2 berths of 1200 meters long and 16 meters deep. Also, 13 quay cranes will operate expected 2.5 million TEUs for 14k TEU containerships. As per the Memorandum of Agreement concluded, CMA CGM will be the operator of new terminal, handling marketing, maintenance and operation. Lekki Port is going to become the main strategical point and trade hub for Togo and Benin as well, supplying the whole region.

Ship Finance International Limited will buy four 14,000 TEU containerships which will be chartered to a container line whose name has not been revealed.

The eco-design boxships will be purchased with a combination of cash and shares. The charters will run until 2024, with options to extend.

According to CEO Ole B. Hjertaker, “[t]his acquisition highlights Ship Finance’s strength and ability to achieve sustained growth and continued diversification. We are deploying a part of the recently raised capital, but still have capacity for new accretive opportunities. Over the last two months we have added nearly USD 600 million to our charter backlog and expect to continue increasing our fleet of vessels and charter backlog in 2018.”

Chinese container shipping major COSCO Shipping Corporation has taken delivery of its fifth 20,000 TEU containership,named COSCO Shipping Virgo.

Built by Shanghai Waigaoqiao Shipbuilding, the ship is almost 400 meters long and 60 meters wide.This is the equivalent to almost four standard football fields.

COSCO Shipping Virgo has a maximum carrying capacity of 20,119 TEU and can achieve a speed of 22.5 nautical miles per hour.

According to COSCO, the ship’s fuel consumption and energy-efficiency have been optimized through latest energy-saving rudder and propulsion systems.  In addition, the ship is equipped with intelligent ship management systems and allows for one-man bridge operation.

It is worth USD 122.95 million, based on the valuation from VesselsValue.

The delivery of COSCO Shipping Virgo comes on the back of four 20,000 TEU boxships delivered since the beginning of this year.

Now we have Container Consolidation service to Nigeria, Lagos directly out of California, USA.  There'd be no need to arrange the inland re-delivery of your car to another state for further ocean shipping. For more details please contact our Shipping department on shipping@auctionexport.com.