Rickmers christens four containerships during a ceremony at the HHI Ulsan shipyard

News Release Rickmers-Linie GmbH & CIE. KG (Head Office) July 2, 2010

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Even for Hyundai Heavy Industries (HHI), the world’s largest shipyard
group, it was a remarkable occasion. In a quadruple naming ceremony at HHI’s
Ulsan shipyard on 2 July, Rickmers Group christened four ultra-large
container ships (ULCS) of 13,100 TEU each. 
 
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MV “MAERSK
EDINBURGH” (ex “PEARL RICKMERS”) is the first ULCS of Rickmers Group which will
enter service with charterer Maersk. Photo: Rickmers
 
Each of the four ships, Pearl Rickmers, Ruby Rickmers,
Aqua Rickmers and Coconee Rickmers, has a service speed of 24.3
knots. They have been chartered longterm to Maersk Line and will join Maersk’s
“E-class” as Maersk Edinburgh, Maersk Emden, Maersk Eindhoven and
Maersk Essen. 
 
 
The ships will be delivered one by one during July and August 2010,
and phase in to Maersk’s new joint service with CMA CGM linking Asia and North Europe. As Maersk’s AE8 service, it will deploy ten ships of this size,
each partner contributing five. The port rotation will be:
 
Ningbo – Shanghai – Yantian - Tanjung Pelepas - Port Kelang - Le
Havre - Hamburg – Rotterdam – Zeebrugge - Port Kelang – Singapore - Ningbo.

 
A further four sister ships are due for delivery to the Rickmers
Group in 2011, also for charter to Maersk Line. All have been fixed for 10-year
periods with further options.
 
Under the watchful eyes of Bertram R C Rickmers, Chairman of Rickmers
Holding, and his senior management team, each ship was christened by its
individual sponsor: Pearl Rickmers by Mrs Nina Ruge; Ruby Rickmers
by Mrs Cecilia Eckelmann-Battistello; Aqua Rickmers by Mrs Vigga
Schneider; and Coconee Rickmers by Mrs Marita Seidt. 
The naming ceremonies were attended by more than 100 guests
 including Dr  Wolfgang Reitzle, Chairman, Linde
AG, spouse of Nina Ruge, Mr Thomas Eckelmann, Main
Shareholder, EuroKai/Eurogate, spouse of Cecilia
Eckelmann-Battistello, Mr  Wolf Peter Schneider, Real
Estate Developer/Architect, spouse of Vigga Schneider and Mr
Hans-Ulrich Seidt, German Ambassador to South Korea, spouse of Marita Seidt.
 
Further present were amongst others  Mr
 Claes Devantier, Vice President, Maersk Broker, Mr
Morten Engelstoft, Senior Vice President & COO, Maersk Line, Mr  BW  Oh,
President & CEO, Hyundai Heavy Industries, Mr OH Kim, Executive Vice
President Shipbuilding Division & COO, Hyundai Heavy Industries, Mr Andreas Ostern, Vice President
Shipping, DNBNor and Mr Torsten Temp, CEO, HSH Nordbank.
 
Commenting on the day’s events, Mr Rickmers reflected the growing
confidence in the container market:
 
“With volumes out of Asia again starting to rise and rates holding, container lines’
confidence is growing. Given this scenario, the timing of the delivery of these
Rickmers Group ships is looking much better than it might have done six to
twelve months ago.”
 
“With two more sister ships coming in January and February 2011, a
seventh at the end of May and the eighth and final ship in the series due for
delivery in July 2011, we need the global economy to continue this positive
trend. We wish our charterers Maersk Line well in their efforts to maintain a
stable market. Too often we have seen container rates tumble despite strong
volumes. No one needs this to happen again, even the shippers who provide the
cargo.”
 
Describing the vessels, Mr Rickmers added:
 
“The eight vessels are ideally suited for the current market, which
is demanding the largest possible ships in order to reduce the cost per
container carried. Although built to operate at over 24 knots, the ships are
equally capable of slow steaming. This is an important requirement today and in
the months and years to come. 
 
“These ships will also be capable of transiting the Panama Canal following completion of ongoing expansion work. Larger locks and
dredging will open up an important additional trade lane for so-called New
Panamax (NPX) container ships from Asia to the US East Coast.”
 
Rickmers noted that were it possible to load all 13,100TEU onto a
single train, the train would be approximately 100km long. Put another way, the
locomotive would arrive in Kiel on the Baltic coast of Germany before the last railcar had left the shipping company’s home city of
Hamburg. 
 
Technical details
 
All eight ships are being built by Hyundai Heavy Industries’
Ulsan shipyard. The principal dimensions are as follows:
 
Length
(oa):                     
366   m
Length
(bp):                     
350   m
Beam:                             
48.2   m
Depth:                          
29.85   m
Design
draft:                   
14.5   m
Scantling draft:    
          
15.5   m
Deadweight:        
     
125,480   mt at 14.5m
                              
    140,580   mt at
15.5m
 
Containers are carried 17-wide below deck and 19-wide on the
hatchcovers. The maximum capacity of each ship is 7,074TEU on deck and 6,018TEU
below deck, making 13,092TEU in total.  Based on a homogeneous
 container weight of 14 tonnes per TEU, the maximum capacity
is approximately 9,080TEU. Reefer plugs are available for 800 x 40ft
containers.
Each ship is powered by a single Hyundai-Wärtsilä 12RT-flex96C main
engine weighing over 2,000 tonnes and developing 68,640 kW (MCR) at 102rpm and
61,776kW (NCR) at 98.5rpm. Five 2,700kw diesel generators are
installed.
 
Although designed for a service speed of 24.3 knots, the flex-engines
still achieve 21.5 knots at 60% of the engine’s normal output but can also slow
steam as  required  under charterers’
current service patterns, generating substantial fuel savings. By having this
substantial speed reserve, the ships can increase speed when necessary to
maintain schedule integrity, an important factor in a service industry.

 
Management
The ships will be managed by Rickmers Shipmanagement (Singapore) Pte Ltd (RSS), the Rickmers Group’s shipmanagement unit set up in
Singapore to manage the fleets of shipping trust Rickmers Maritime and
Rickmers Group shipowner Polaris Shipmanagement Company as well as third party
vessels. Including the latest four 13,100TEU ships, RSS will be managing a young
– average age two years - fleet of 27 mainly Panamax container vessels and
Rickmers Group’s two new PCTCs delivered earlier this year. With the four
13,100TEU vessels, the total fleet of Rickmers Group counts 107 vessels, 78 of
which are being managed by Rickmers Reederei in Hamburg.
 
The crews, with long-serving Rickmers' Masters and Chief
Engineers and experienced post-panamax officers in command, are
provided through first-class crew managers, among them Rickmers Group's own
Global Management Ltd. The masters to take command on delivery are Capt WW Kucz,
Capt  J Priadka, Capt NC Suresh and Capt VP Fernandes.

The senior deck officers have been well prepared for their new
challenge in big-ship simulator courses at MTC Marine Training Center Hamburg
GmbH, of which Rickmers-Reederei is a major shareholder; the engineers have
attended engine makers’ flex-engine courses in Switzerland. The programme has been complemented by first-hand insight into the
operation of ULCS by joining Maersk’s own E-Class vessels for a coastal voyage.

 
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