Responding to information circulating, CMA CGM Group states that it has no short term plans to either purchase or long-term charter-in any vessels. The Group has a modern fleet of 408 ships, of which 92 are owned, that enable it to meet the…
New Capital Structure Provides Opportunity for Significant Deleveraging. Horizon Lines, Inc. (NYSE: HRZ) today announced that it has completed a comprehensive refinancing of the company's entire capital structure. The new capital structure…
The UK’s logistics industry has welcomed the opening of a new deepwater terminal at the country’s busiest container terminal, which is capable of handling the latest generation of container vessels. The Felixstowe South Terminal will comprise two berths – 8 & 9 – and its owner…
ClassNK Releases New Guidelines and Software for Container Carrier Structures. ClassNK has released a new revised edition of its “Guidelines for Container Carrier Structures – Guidelines for Direct Strength Analysis”, as well as a new version…
Join Exclusive Group of Recipients of Crowley's Highest Honor Ketra Anderson, director of Crowley Maritime Corporation's Safety, Security, Quality and Environmental (SSQE) team, and Mike Golonka, general manager of ship management, were awarded 2010 Thomas Crowley trophies…
More than 200 turn out to for Port of Long Beach Executive Director Honored by the Containerization & Intermodal Institute. The Connie Award was presented by the Containerization and Intermodal Institute (CII) to Richard D. Steinke,…
Costamare Inc. (NYSE: CMRE)has reached agreements for the purchase and time charter of two secondhand vessels; time charter extensions for six existing vessels; and the disposal of two older vessels which the company agreed to sell for demolition…
Oil Spill Proceeds Of Settlement to Fund Projects and Restore Natural Resources Largest Oil Pollution Act Settlement in History of the Law. Federal, state and Bay-area officials announced a comprehensive civil settlement with the owners and operators of the M/V Cosco Busan…
Demonstration Aboard the Maersk Taurus Containership.Belco Technologies Corporation (BELCO), a wholly owned subsidiary of DuPont, headquartered in Parsippany, N.J., USA, has reached an agreement with A.P. Moller – Maersk, headquartered in Copenhagen…
On Friday, September 16, 2011, Hamburg Süd christened the container ship Santa Catarina in Itapoá (Brazil) as part of a customer event. Sponsor of the Santa Catarina was Elisabeth Meves, wife of the former Chairman of the Executive Board of Hamburg Süd…
Company Makes $7.0 Million Semi-Annual Interest Payment on 4.25% Convertible Notes within Grace Period. Refinancing of Company's Capital Structure on Schedule.Horizon Lines, Inc. (NYSE: HRZ) today announced that it has closed on a bridge loan facility of up to $25…
PARTNERSHIP FORMS AN ALLIANCE OF COOPERATION TO PROMOTE ECONOMIC GROWTH.In what is touted to be another one of a series of new agreements with U.S. ports, the Panama Canal Authority (ACP) and Port Freeport in Texas established a strategic…
CMA CGM improves the US East Coast port coverage of its CAGEMA service.The CMA CGM Group is pleased to announce the reshuffling of its CAGEMA Main Liner service, linking the United States East Coast and the Caribbean, effective 9th September 2011…
Reefer market dynamics continue to change. Drewry Maritime Research have just published their latest Reefer Shipping Market Annual Review and Forecast 2011/12, analysing the industries make-up including; leading operators’ profiles and fleets…
Crowley Successfully Completes Rapid Response for Emergency Aid to Bahamas Following Hurricane Irene. As one of the warehouses contracted by the U.S. Agency for International Administration (USAID) to provide pre- and post-disaster relief commodity storage services for the United States…