Greece-based container ship owners, Danaos Corp., reports Q3 & nine months results for period ended September 30, 2012.Highlights for the Third Quarter and Nine Months Ended September 30, 2012: Operating revenues of $156.3 million for the three months ended September 30…
Drewry scores Maersk Line 90.5% for reliability in Q3 2012.Every quarter Drewry releases its industry benchmark on reliability – the Drewry Schedule Reliability Insight. Every quarter Maersk Line is in the very top, and they have now had a 1st place ranking for six consecutive quarters…
Daina Shipping fined $300,000 in NZ Court for discharge of harmful substances following grounding of the ship Oct. 2011.“The guilty plea by the owners has led to this case being resolved in a timely fashion and that is to be welcomed,” MNZ Director Keith Manch said…
Hapag-Lloyd chooses International Paint coatings for ‘Hamburg Express’, and for all of its latest 10 container ship newbuildings.The ‘Hamburg Express’ will sail Loop 4 of the G6 Alliance, starting in Hamburg and calling at the ports of Rotterdam…
Increased operational efficiency, better market conditions boost Group’s performance. NOL Group reported net earnings of $50 million for the third quarter of 2012, a $141 million turnaround from the $91 million net loss in the third quarter of 2011…
Costamare Inc report unaudited financial results for the third quarter and nine months ended September 30, 2012. Greek-based Costamere is a leading owner and provider of containerships for charter. The Company has a fleet of 57 containerships…
CH2M HILL (www.ch2mhill.com), a global full-service consulting, design, construction, and operations firm, announces two key leadership appointments in the Northeast. With the 2011 acquisitions of Halcrow and Booz Allen Hamilton’s (BAH) State and Local Transit Consulting business…
Atlantic Container Line (ACL) confirm that their five new roll-on roll-off containerships (CONROs) will be built to UK standards.The five new vessels are being built at the Hudong-Zhonghua Shipbuilding (Group) Co. Ltd in Shanghai China.…
In response to a seasonal drop in market demand, Evergreen Line and Hanjin Shipping have adjusted capacity for the joint CEM/CUS service effective for the fourth quarter of 2012. Through 13 weeks from October to December, the joint CEM/CUS service is planned to skip three sailings…
Atlantic Container Line (ACL) contracts Hudong-Zhonghua Shipbuilding to build world's largest largest RORO/Containerships (CONRO's).The G4 (Generation 4) vessels will replace ACL's existing fleet of G3 CONROs operating in the company's transatlantic service…
Representatives from Oceanex Inc., were in Flensburg, Germany last week for the cutting of first steel of what will become the largest Canadian flag container/roll on roll off (Con/Ro) ship. This twenty knot, ice-class vessel, to be named the Oceanex Connaigra…
'Ever Leading' welcomed at container terminal Felixstowe, UK, on maiden voyage, the third Evergreen L-Type on UK shipping registery.The new container ship is owned by Evergreen Marine (UK) Ltd. is 334 meters in length, 45.8 meters wide, with 942 reefer plugs and a draft of 14…
Advanced research and development by Lloyd's Register indicates that container stacking weights can be modified to allow the carriage of more cargo.In an 18,000 teu design the increase in cargo weight could be as much as 10%, says Tom Boardley Lloyd’s Register’s Marine Director…
Container carriers can recover from the losses they suffered in recent price wars by adopting more disciplined business practices, says a new report.The recently published report by The Boston Consulting Group (BCG) is titled 'Charting a…
Owners of container ships for chartering, Costamare Inc., plans to offer 7,000,000 shares of its common stock.Members of the Konstantakopoulos family, who in the aggregate own a majority of the common stock of the Company, have indicated their intention to purchase up to 700…
