Final Restoration Plan Completed for Cosco Busan Oil Spill; Projects will Address Impacts from Ship that Struck the Bay Bridge.State and federal trustee agencies have released the Cosco Busan Oil Spill Final Damage Assessment and Restoration Plan…
Danaos Corporation, a leading international owner of containerships, announced that on February 28, 2012, it took delivery of one more newly built containership, the CMA CGM MELISANDE, expanding its operational fleet to a total of 61 containerships aggregating 312…
CMA CGM announces the reshuffling of its services on the Asia – US East Coast trade. As from the 28th March 2012, the new CMA CGM Asia – US East Coast network will be covered by the following loops: PEX 3: Asia – US Gulf Coast…
Mitsui O.S.K. Lines, Ltd. announced that the MOL-operated containership MOL Maneuver collided with the containership Zhen He while under way on the open seas southeast of Hong Kong, on February 22, 2012, at around 17:45 p.m., Japan time. None…
Dr Mark-Ken Erdmann will join Rickmers Holding in Hamburg as Deputy CFO as of 1 July 2012. In this position, he will be responsible for a broad range of corporate functions including Accounting & Controlling, Tax, IT, Human Resources, Legal Affairs…
Greek-based containership owner Danaos Corporation (NYSE: DAC) reported unaudited results for the quarter and full year ended December 31, 2011. Highlights for the Fourth Quarter and Full Year Ended December 31, 2011:- Operating revenues of $128…
NOL Group today reported a $478 mnet loss in 2011 following net earnings of $461m in 2010. The container shipping and logistics company said unsettled economic conditions, high fuel costs and lower freight rates impacted results. In assessing the market going forward…
U.S. Shipping Company Convicted For Oil Pollution On High Seas. Horizon Lines, LLC was sentenced Tuesday in front of the Honorable Richard Seeborg after pleading guilty to felony charges concerning violations of international and national…
Horizon Lines Sets Date for Annual Meeting of Stockholders. Horizon Lines, Inc. (OTCQB: HRZL) today announced that it has established a record date for its 2012 annual meeting of stockholders. The company's stockholders of record at the close of business on April 9…
CMA CGM announces the reshuffling of its Asia-West Med Services. CMA CGM announces the reshuffling of its services on the Asia-West Mediterranean trade in partnership with Maersk Line (ML). As from early April 2012, the new CMA CGM Asia…
Partnership links world’s third largest shipping company with world leading technology services company. After five years of working together through a joint subsidiary, CMA CGM Group and IBM today announced a new strategic partnership. Under the terms of the five-year agreement…
Ron Widdows to take over from Jan B Steffens as CEO of Rickmers Holding and Rickmers-Linie.After ten very successful years with the Rickmers Group and especially, with Rickmers-Linie, Jan B Steffens will by 31 March 2012 step down from the…
Coast Guard Marine Safety Unit Savannah, Ga., investigates vessel grounding on Savannah River. The Coast Guard is investigating the grounding of an 859-foot container ship on the Savannah River, Wednesday. Savannah Pilots reported the UASC Khor Fakkan…
Horizon Lines Vessel Stages Predawn Rescue of Sailboat Passengers Adrift in Pacific Storm. Horizon Lines, Inc. the nation's leading domestic ocean shipping and integrated logistics company, today announced that one of its vessels enroute to Hawaii from the U…
Veteran in Puerto Rico trade accepts top leadership role for Sea Star Line. Industry veteran, Peter Keller has been named president of Sea Star Line. Keller served Sea Star Line as a consultant and key advisor during the recent restructuring of the company…
