Philippine Coast Guard Tells Vessels To Ignore The Chinese Militia
by Karen Lema (Reuters) – The Philippines has rejected an annual summer fishing ban imposed by China in the disputed South China Sea and encouraged its boats to keep fishing...
Norwegian ship owner Ocean Yield has taken delivery of the MSC Eloane, a 19,500 TEU megaship built by Samsung Heavy Industries in South Korea.
The vessel has commenced a 15-year bareboat charter with a “major European container line,” who if we were to guess is MSC.
The Eloane is the third vessel to be delivered in a series of six mega containerships that Ocean Yield owns through a joint venture with Quantum Pacific Shipping, a large private ship owner. Ocean Yield purchased its 49.5% stake in the joint venture last June for approximately $162 million.
The arrival of the MSC Eloane comes as the container shipping industry struggles with severe overcapacity, which some say is due to the arrival of more and more of these ultra-large ships.
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