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Container loss off Cape Leeuwin

Some containers have fallen overboard from the 'Navios Unite' in rough weather off the coast of Western Australia about 33 kilometres southwest of Cape Leeuwin on June 25, 2020. The ship was enroute from Fremantle to Adelaide when three containers were lost. The Australian Maritime Safety Authority (AMSA) tasked its Challenger jet from Perth to search an area of about 1.600 square kilometres for any sightings of the missing containers. However, no containers were sighted. THe AMSA started gathering information about the incident and will determine its course of action once the circumstances are understood.

Navios Containers announces acquisition of containership YM Unity

Navios Maritime Containers Inc. (the “Company” or “Navios Containers”), a growth vehicle dedicated to the container sector, agreed to acquire three containerships for a total purchase price of $117.25 million, the Company said in its news release. Navios Containers agreed to acquire two 8,204 TEU containerships, the YM Utmost and the YMUnity, for $67.0 million from Navios Maritime Partners L.P. (“Navios Partners”). The two vessels arechartered out at a net daily charter rate of $34,266 until August 2018 and October 2018, respectively.The acquisition of the YM Utmost and the YM Unity was unanimously approved by the SpecialCommittee of the independent members of the Board of Directors of Navios Containers.Navios Containers agreed to acquire one 10,000 TEU containership for $50.25 million from a thirdparty. The vessel is time chartered out at a net daily charter rate of $26,663 until March 2019.The Company expects to take delivery of all three vessels in the second quarter of 2018.Based on their existing charters and the current rate environment, the containerships are expected togenerate approximately $18.7 million of aggregate EBITDA over the next twelve months.

Expanded Panama Canal welcomes its 500th Neopanamax ship transit

Less than six months after the inauguration of the Expanded Panama Canal, the waterway welcomed its 500th transit of a Neopanamax ship on Wednesday, highlighting the trust that Canal customers have placed in the route, ACP said in a press release. Performing the 500th transit was the container vessel YM Unity, which first began its passage through the Cocoli Locks in the Pacific and then headed north towards the Agua Clara Locks. Built in 2006, the YM Unity (of the Yang Ming Marine Transport Corporation) measures 335.7 meters in length and 42.8 meters in beam and has a carrying capacity of 8,200 TEUs. The ship is traveling from Asia and will stop at Colon Container Terminal in Panama before heading to U.S. ports. Its transit marks a significant milestone for the Expanded Canal, which is experiencing a steady flow of traffic—including containerships, liquid petroleum gas (LPG) vessels, dry bulk carriers, vehicle carriers, crude product tankers and liquefied natural gas (LNG) vessels, which is a new market segment for the Canal.