Sponsored By

Equipment manufacturers boosted by boxship newbuild boom

The boom in containership orders is providing a shot in the arm for equipment after the slump in newbuildings in the last few years.

Marcus Hand, Editor

July 5, 2021

2 Min Read
crop me gi
Photo: MAN Energy Solutions

As container shipping experiences an unprecedented boom in freight rates the ratio of orderbook to fleet for the sector has increased from 8.8% to over 20% in just eight months.

Last week MAN Energy Solutions (MAN ES) announced that Daewoo Shipbuilding and Marine Engineering (DSME) had taken up an option on six MAN B&W 11G95ME-GI Mk10.5 main engines for 23,500 teu containerships the yard is building for Hapag-Lloyd. The option follows an identical order for six engines in December last year.

Delivery for the engines under the new option are scheduled by the end of 2024.

Bjarne Foldager, Senior Vice President and Head of Two-Stroke Business at MAN ES, said: “The ME-GI is the world’s most efficient LNG engine, backed up by more than 1.7m running hours on LNG alone, as well as our unique partnership approach and follow-up commitment for vessels in service.

“Furthermore, it has low CO2 and greenhouse-gas emissions, and a modular platform that facilitates conversion to other alternative fuels such as ammonia – should the need arise – which makes the engine truly future-proof.”

Meanwhile the shift to LNG propulsion by container lines has also benefitted pump manufacture Svanehøj which as has made a breakthrough to the boxship market.

Samsung Heavy Industries and DSME have ordered deepwell (DW) fuel pumps for up to 22 containerships of between 15,000 and 23,500 teu. A total of 44 22-metre-long pumps will be delivered to the Korean shipyards by the end of 2023.

Related:Hapag-Lloyd orders six LNG-dual fuel 23,500 teu boxships at DSME

“The two orders are a breakthrough for us and the result of a very constructive dialogue with shipyards and shipping companies. Our deepwell pumps are different from the pumps traditionally used on container vessels. This has some obvious benefits that we have had an excellent opportunity to present in the process,” said Johnny Houmann, Sales Director at Svanehøj.

As we reported last week WinGD says it has seen more than 80 orders for its largest engines as shipowners invest in ultra-large containership tonnage, and contracts for its 920 mm bore X92-B engine are six times they were at the same time last year.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like