Tag Archive for container

Ship Finance Acquires Two 13,800 TEU Container Vessels

Ship Finance International Limited (NYSE:SFL) (“Ship Finance” or the “Company”), today announced that it has entered into an agreement to acquire two 2010-built 13,800 TEU container vessels Magellan and Corte Real from CMA CGM SA (“CMA CGM” or “the Charterer”) in combination with 15-year time charters back to CMA CGM.

Container Shortage to Continue beyond 2011

Container shortages, which are soon expected to emerge in the market, will continue beyond 2011 due to a lag in container manufacturing to match the growth in slot capacity, according to maritime industry expert Alphaliner in its latest industry analysis.

BAE Systems Punts Anti-Pirate Laser

British defence multinational BAE Systems has successfully demonstrated a prototype device that it says will serve as an effective non-lethal deterrent against pirate attacks on commercial vessels such as oil tankers and container ships.