Maersk Edinburgh-class Container Ship
The ''Edinburgh'' class (also known as the ''Pearl'' class) is a series of post-Panamax container built for Rickmers Group and Zodiac Maritime and were chartered to Maersk The ships were built by Hyundai Heavy Industries. History The series was ordered from Hyundai Heavy Industries in 2007 to 2008 and delivered starting July 2010. The client of the series is the Hamburg-based Rickmers Group and were chartered to Maersk. The and are also based on the same design, but both broader. The ''Maersk Edinburgh'' class, along with the Explorer class were designed for a slow steaming container service from Europe to East Asia. The beginning of the service with the abbreviations FAL 5 and AE8 was already planned for the summer of 2009, but was not realised due to the financial crisis of 2007–2008. It will run through the ports of Le Havre, Hamburg, Rotterdam, Zeebrugge, Port Kelang, Singapore, Ningbo, Shanghai, Shenzhen-Yantian, Tanjung Pelepas, Port Kelang, and back to Le Havre. As of ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Hyundai Heavy Industries
Hyundai Heavy Industries Co., Ltd. (HHI; ) is the world's largest shipbuilding company and a major heavy equipment manufacturer. Its headquarters are in Ulsan, South Korea. History HHI was founded in 1972 by Chung Ju-yung as a division of the Hyundai Group, and in 1974, completed building its first ships. In 2002, the company was spun-off from its parent company. HHI has four core business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, and Engine & Machinery. HHI also has five non-core related subsidiaries: Hyundai Electric & Energy Systems, Hyundai Construction Equipment, Hyundai Robotics, Hyundai Heavy Industries Green Energy, and Hyundai Global Service. The Hyundai Group started as a small South Korean construction firm in 1947, headed by its founder, Korean entrepreneur Chung Ju-yung. Another widely known and closely related Korean company, the Hyundai Motor Company, was founded in 1967, five years prior to the founding of the Heavy ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Container Ship
A container ship (also called boxship or spelled containership) is a cargo ship that carries all of its load in truck-size intermodal containers, in a technique called containerization. Container ships are a common means of commercial intermodal freight transport and now carry most seagoing non-bulk cargo. Container ship capacity is measured in twenty-foot equivalent units (TEU). Typical loads are a mix of 20-foot (1-TEU) and 40-foot (2-TEU) ISO-standard containers, with the latter predominant. Today, about 90% of non- bulk cargo worldwide is transported by container ships, and the largest modern container ships can carry up to 24,000 TEU (e.g., '' Ever Ace''). Container ships now rival crude oil tankers and bulk carriers as the largest commercial seaborne vessels. History There are two main types of dry cargo: bulk cargo and break bulk cargo. Bulk cargoes, like grain or coal, are transported unpackaged in the hull of the ship, generally in large volume. Break-bu ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Container Ship Classes
A container is any receptacle or enclosure for holding a product used in storage, packaging, and transportation, including shipping. Things kept inside of a container are protected on several sides by being inside of its structure. The term is most frequently applied to devices made from materials that are durable and are often partly or completely rigid. A container can also be considered as a basic tool, consisting of any device creating a partially or fully enclosed space that can be used to contain, store, and transport objects or materials. History Humans have used containers for at least 100,000 years, and possibly for millions of years.Clive Gamble, ''Origins and Revolutions: Human Identity in Earliest Prehistory'' (2007), p. 204. The first containers were probably invented for storing food, allowing early humans to preserve more of their food for a longer time, to carry it more easily, and also to protect it from other animals. The development of food storage con ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Port Of Haifa
The Port of Haifa ( he, נמל חיפה) is the largest of Israel's three major international seaports, the others being the Port of Ashdod, and the Port of Eilat. It has a natural deep-water harbor, which operates all year long, and serves both passenger and merchant ships. It is one of the largest ports in the eastern Mediterranean in terms of freight volume and handles about 30 million tons of cargo per year (not including Israel Shipyards' port). The port employs over 1,000 people, rising to 5,000 when cruise ships dock in Haifa. The Port of Haifa lies to the north of Haifa's downtown quarter on the Mediterranean, and stretches to some three kilometres along the city's central shore with activities ranging from military, industrial and commercial next to a nowadays-smaller passenger cruising facility. History Haifa Bay has been a refuge for mariners since prehistoric times. When the Crusaders conquered Haifa in the year 1100, it became an important town and the main port for Ti ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Baltic Sea
The Baltic Sea is an arm of the Atlantic Ocean that is enclosed by Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Russia, Sweden and the North and Central European Plain. The sea stretches from 53°N to 66°N latitude and from 10°E to 30°E longitude. A marginal sea of the Atlantic, with limited water exchange between the two water bodies, the Baltic Sea drains through the Danish Straits into the Kattegat by way of the Øresund, Great Belt and Little Belt. It includes the Gulf of Bothnia, the Bay of Bothnia, the Gulf of Finland, the Gulf of Riga and the Bay of Gdańsk. The "Baltic Proper" is bordered on its northern edge, at latitude 60°N, by Åland and the Gulf of Bothnia, on its northeastern edge by the Gulf of Finland, on its eastern edge by the Gulf of Riga, and in the west by the Swedish part of the southern Scandinavian Peninsula. The Baltic Sea is connected by artificial waterways to the White Sea via the White Sea–Baltic Canal and to ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitabi ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Slow Steaming
Slow steaming is the practice of operating transoceanic cargo ships, especially container ships, at significantly less than their maximum speed. In 2010, an analyst at the National Ports and Waterways Institute stated that nearly all global shipping lines were using slow steaming to save money on fuel. Rationale and history Slow steaming was adopted in 2007 in the face of rapidly rising fuel oil costs, which was 700 USD per tonne between July 2007 to July 2008. According to Maersk Line, who introduced the practice in 2009 to 2010, slow steaming is conducted at . Speeds of were used on Asia-Europe backhaul routes in 2010. Speeds under are called ''super slow steaming''. Marine engine manufacturer Wärtsilä calculates that fuel consumption can be reduced by 59% by reducing cargo ship speed from 27 knots to , at the cost of an additional week's sailing time on Asia-Europe routes. It adds a comparable 4 to 7 days to trans-Pacific voyages. The container ship '' Emma Maersk'' can sav ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Maersk
(), also known simply as Maersk (), is a Danish shipping company, active in ocean and inland freight transportation and associated services, such as supply chain management and port operation. Maersk was the largest container shipping line and vessel operator in the world from 1996 until 2022. The company is based in Copenhagen, Denmark, with subsidiaries and offices across 130 countries and around 83,000 employees worldwide in 2020. It is a publicly traded family business, as the company is controlled by the namesake Møller family through holding companies. In September 2016, Maersk Group announced that it was splitting into two separate divisions: Transport & Logistics, and Energy. The company's 2018 annual revenue was US$39 billion (2019). In the 2020 Forbes Global 2000, Møller-Maersk was ranked as the 622nd -largest public company in the world. History () was founded in Svendborg in April 1904 by captain Peter Mærsk Møller (1836–1927) and his son Arnold P ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Zodiac Maritime
Zodiac Maritime Ltd is an international ship management company. Zodiac is also a large ship owner and charters out these vessels. It is part of Ofer Global, based in Monaco, and the chairman is Eyal Ofer. Zodiac was involved in the MSC Napoli, the container ship that ran into difficulty in the English Channel. In late 2009 and early 2010, two of its ships (''St James Park'' and '' MV Asian Glory'') were captured by Somali pirates. According to a 2014 analysis conducted by Globes, the companies of the Zodiac group generated together an operating profit of just over $1.5 billion in 2003–12, with an operating profit margin of 39%, and a 0.49% tax rate on profits. In July 2014, Eyal Ofer, the principal of Zodiac Group, received an honorary life membership of the Baltic Exchange for his contribution to shipping in the UK and global maritime trade. Later that year, he was named in the top 10 most influential people in the shipping industry according to Lloyds List ''Lloyd' ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Rickmers Group
The Rickmers Group was an international provider of services for the maritime industry, a vessel owner and an ocean freight carrier. The group's head offices are located in Hamburg and Singapore. The group of companies is divided in three segments: Maritime Assets, Maritime Services and Rickmers-Linie. Following insolvency proceedings in 2017 the assets were acquired by Zeaborn Group and Bertram Rickmers The following year Rickmers and E.R. Schiffahrt were combined as Zeaborn Ship Management. In the Maritime Assets segment the Rickmers Group acted as Asset Manager for its own vessels and also for those of third parties and is in charge of related shipping projects. In the Maritime Services business segment the Group provides ship management services, whereas in the Rickmers-Linie business segment the Rickmers Group operated as a shipping line for breakbulk, heavy lift and project cargo, and additionally offered individual voyages. Figures Rickmers Group operated a fleet of 13 ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Post-Panamax
Panamax and New Panamax (or Neopanamax) are terms for the size limits for ships travelling through the Panama Canal. The limits and requirements are published by the Panama Canal Authority (ACP) in a publication titled "Vessel Requirements". These requirements also describe topics like exceptional dry seasonal limits, propulsion, communications, and detailed ship design. The allowable size is limited by the width and length of the available lock chambers, by the depth of water in the canal, and by the height of the Bridge of the Americas since that bridge's construction. These dimensions give clear parameters for ships destined to traverse the Panama Canal and have influenced the design of cargo ships, naval vessels, and passenger ships. Panamax specifications have been in effect since the opening of the canal in 1914. In 2009, the ACP published the New Panamax specification which came into effect when the canal's third set of locks, larger than the original two, opened o ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Hyundai Samho Heavy Industries
Hyundai Samho Heavy Industries Co., Ltd. (HSHI; ) is the world's largest shipbuilder and produces approximately 40 vessels per year. Its yard is located in Samho-eup, Yeongam, South Korea. History The company was first established with a name of 'Incheon Shipbuilding(인천조선)' in 1977 as a subsidiary company of Halla Group(한라그룹). (The founder of 'Halla group' was Chung In-Young the younger brother of Chung Ju-Yung, the founder of Hyundai Group) The first ship building dock was constructed in Incheon(인천), South Korea. In 1990, the company changed its name to 'Halla Heavy Industries'(한라중공업) and moved the dockyard from Incheon to Samhoup which is located in Yeongam, South Jeolla Province. (total 3,300,000 square metres of land) In 1997, during the Asian Financial Crisis, the mother company Halla group (was ranked 12th in terms of equity at that time) has fallen into bankruptcy, bringing its affiliates into the slump as well. In this chaos, Halla Hea ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |