'As we close the 2012 books, we have every reason to be satisfied with the Trust’s positive results,' says Rickmers chairman.Extracts from chairman, Bertram R.C. Rickmers's letter to shareholders in the recently released 2012 financial report…
Stolt-Nielsen Limited reported unaudited results for the first quarter ended February 28, 2013. Net profit attributable to SNL shareholders in the first quarter was $1.5 million, with revenue of $519.4 million, compared with $18.2 million…
The 14,000-TEU container ship was named 'APL Temasek' by Mrs Mary Tan, wife of the Republic’s President at a Singapore ceremony.APL Temasek is the first in a series of ten 14,000-TEU vessels on order by the Singapore-based shipping and logistics group…
Success in a down market? It is possible, as MarPro found at one of the world’s largest carriers in one of shipping’s most volatile sectors.When CMA CGM signed a deal selling 49% of its Terminal Link division to China Merchants Holdings (International) for $535 million in January 2013…
Evergreen Line is teaming up with United Africa Feeder Line (UAFL) to extend its service network in the Indian Ocean.Evergreen announce a new ISC-Mauritius-Mozambique-Africa (IMMA) Service linking the Indian sub-continent, Indian Ocean Islands and Mozambique will be launched in late April…
Anthony Chiarello, President & CEO, TOTE, Inc., is a fourth-generation maritime professional, starting with his great grandfather who owned a ferry service from Sicily to North Africa. When the family emigrated to the U.S. in the late 1800s…
Heavy fuel oil on board the wrecked container ship is expected to leach out over time, but the ship's owners and insurers would prefer to leave it where it is. No decision had been made on leaving Rena on the reef, but draft assessments have…
Previously operated under the Liberian flag, the 7,100 TEU container ship has been re-registered with the EU-member nation.The Santa Cruz, which sails in the Europe South America East Coast liner service, is the first Hamburg Süd vessel to be entered in Luxembourg's shipping register…
Anthony Chiarello, president and CEO of TOTE, Inc., will be the keynote speaker at the SHIPPINGInsight 2013 Fleet Optimization Conference, Oct. 22-24 in Stamford, Conn. Prior to TOTE, Inc., the largest of five operating groups owned by Seattle-based Saltchuk Resources…
BSR conducted interviews with Clean Cargo shippers—companies buying transportation services—to find out how they use Clean Cargo emissions data, how they integrate this data into their business processes, and what benefits they receive from being part of the group…
The shareholders of Hapag-Lloyd and Hamburg Süd have jointly concluded to discontinue talks temporarily.Hamburg Süd say they do not wish to comment publicly on the subject matter of the points under discussion. It does, however, expressly…
Contract awarded for a second container terminal that will double the African state's capacity.The Ivory Coast Government has awarded a contract for the construction of a second container terminal at the port of Abidjan to a consortium of French companies Bollore…
Diana Containerships Inc. has taken delivery of the m/v “Hanjin Malta”, a 1993-built Panamax container vessel of 4,024 TEU capacity.The Hanjin Malta is time chartered to Hanjin Shipping Co. Ltd., Seoul, for a period of minimum thirty-six and…
Newbuildings orders for 5 container ships were cancelled and advance payments partially refunded by the shipbuilders.In addition, the company reached an agreement regarding the postponement of payments due in 2013 for other orders. The agreements…
The liner services group will offer ocean-freight customers a second weekly southbound sailing from Port Everglades, Fla., to Nassau, Bahamas.The new Saturday sailing day, starting Saturday, March 23, 2013, will give customers an additional option for the transport of their goods…