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…
Diana Shipping Inc. (NYSE:DSX) took delivery of the newly-built m/v 'Los Angeles', a Newcastlemax dry bulk carrier of 206,104 dwt that was contracted in April 2010. As previously announced, the m/v 'Los Angeles' is chartered to EDF Trading Ltd…
On January 1, 2012 American Shipping Group underwent a dramatic transformation. The company, formerly known as ASG, became TOTE, Inc., and experienced a makeover in logo, look and structure.Seeing opportunity for market growth, TOTE, Inc.…
Members of the G6 Alliance announced today that their groundbreaking cooperation in Asia-Europe container shipping will begin operation in the first week of March – one month ahead of schedule.“We are eager to roll out our competitive products…
Evergreen Line Extends e-Commerce Application to Mobile Devices. Evergreen Line has launched 'ShipmentLink Mobile', an application of its e-commerce system to handheld devices. The global ocean carrier is committed to providing customers…
MOL-operated Containership Rescues 116 Shipwreck Survivors off Papua New Guinea. Mitsui O.S.K. Lines, Ltd. announced that the MOL-operated containership MOL Summer rescued 116 survivors from the ferry Rabaul Queen, which sank about 17 km east of Papua New Guinea…
