NSB’s widened ship adds 1,430 teu in size and $10m in value

NSB’s widened ship adds 1,430 teu in size and $10m in value

London: German shipping line Reederei NSB’s world-first widening of a containership has already paid for itself, online pricing platform VesselsValue.com informs Splash.

NSB announced this week that the first of three boxships had been widened at a yard in China, giving the ship 20% extra capacity, taking it to 6,300 teu from 4,870 teu.

VesselsValue.com estimates the cost of the shipyard work was $10m. The pricing site now values the ship, MSC Geneva, at $28.27m, exactly $10m than before its enlargement.

“It is possible that owners of newer panamax vessels could consider doing this, but it is more likely that older ships will be scrapped,” a spokesperson from VesselsValue.com told Splash.

NSB is now targeting to get other lines to use its ship widening services. It says ideal ships for enlargement are panamaxes delivered after 2005.

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.

Related Posts

1 Comment

  1. NSB’s widened ship adds 1,430 teu in size and $10m in value |
    April 24, 2015 at 9:28 am

    […] (Read more at Splash247) […]