Delivery of Pan Americas

Pan Americas,​ ​a​ ​liquefied natural gas (LNG) carrier constructed for the Queensland Curtis LNG Project, was delivered to its owners. ​

Jointly owned by Teekay LNG Partners, China LNG Shipping International, and CNOOC Limited, it was constructed by the Chinese Hudong-Zhonghua Shipbuilding. The 174,000 cbm vessel is set to start a long-term charter contract with oil giant Shell.

With a DWT of 98,500 and a length of 290 meters, the ship was completed on January 12. It is one of four LNG carriers which will be built for  the Queensland Curtis LNG Project.

VesselsValue has estimated Pan Americas' market value at around USD 180 million.

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Revenue Rise for OOCL

Orient Overseas Container Line (OOCL) of Hong Kong has reported a decrease in shipping volumes and an increase in revenue for Q4 of 2017. 

The company's volumes stood at 1,612,733 TEUs, down by 3.3% when compared to this period in 2016. The biggest factor in the decrease were the Intra-Asia / Australasia volumes, which fell by 14.2% to 736,857 TEUs. 

OOCL’s total revenue for the quarter rose by 6% to USD 1.38 billion, mainly due to a 24.3% revenue increase on the Asia / Europe trade. The average revenue per TEU jumped by 9.6 percent.

Looking at the year 2017 as a whole, total volumes increased by 3.6% over the previous year. Total revenues grew 15.4% to USD 5.42 billion.

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Evergreen Marine Sets Aim to Grow

Recently the Taiwan based container shipping company has shared its plans to renew the fleet. There were 5 shipbuilders chosen to manage the project and among them are Samsung and Hyundai Heavy Industries. The tender winner will get an order for building 8 11,000 TEU containerships. The company has already invested USD 800 million and is not going to stop on it. New ships will cost up to USD 100 million each and will replace old ones in fleet. The exact dates of implementing this renewal were not disclosed yet, but Evergreen is going to charter another 12 same size containerships.