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Last CSAV ships taken on charter by Maersk

The last boxships with the prefix of CSAV, a Chilean liner brand, are set to be renamed.

Four 8,600 teu ships – the CSAV Tyndall, CSAV Toconao, CSAV Traiguen and CSAV Trancura – controlled by Zodiac Maritime and Eastern Pacific have been sold and chartered on to Maersk for a period of in excess of 40 months. No details on the sale prices nor the charter rates have been revealed.

The first three ships have been sold to to JP Morgan, while the Eastern Pacific unit has gone to XT Shipping of Israel, according to Alphaliner. The ships were built in 2013 and 2014 at Daewoo’s Mangalia yard in Romania.

The four ships are likely to be renamed when they come off hire from Hapag-Lloyd and move to Maersk, marking the disappearance of the CSAV prefix from containership names, these four units being the last to carry the initials of the Chilean shipping line, Compañía Sud Americana de Vapores, which merged with Hapag-Lloyd in 2014.

Maersk’s naming traditions tend to mean a ship with a prefix Maersk is chartered in, while a ship where the name Maersk appears second signifies it is owned by the Danish carrier.

Maersk has been very active in the red hot boxship chartering markets this month. Maersk set new charter highs a week ago, taking – or extending – three 4,600 teu classic panamaxes controlled by V Ships Hamburg, the Northern Priority, Northern Promotion and Northern Precision, for period employments of 24 to 27 months at $35,000 a day, according to Alphaliner. Maersk has also chartered two other classic panamaxes this month – the 4,253 teu Xiamen and the 4,252 teu Nagoya Tower, both from Zodiac Maritime for 30 months at $32,000 a day.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Comments

  1. Sir,
    As a Maersk Line core employee I will say that, your understanding on MAERSK’s naming system is totally wrong.
    The ships Which are registered by Danish flag Maersk comes at end,
    And for any other flags it comes first,that doesn’t mean it is chartered.

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