Mitsui, Hoegh Establish EML
Mitsui O.S.K. Lines, Ltd. (Tokyo) and Höegh Autoliners AS (Oslo) have set up a 50/50 joint venture in Europe, integrating the existing European short sea and logistics activities of both shareholders and of Euro Marine Carrier BV. The new company, named Euro Marine Logistics NV (EML), was registered in March 2011 and has its offices in Meise (Brussels), Belgium. EML is a common carrier and started trading in the second week of June. From the third quarter 2011, EML will operate 13 vessels in European waters, and will be among the top three vehicle short sea operators in Europe.
SOHAR Port Signs Contract with Dredging International
SOHAR Port and Freezone have signed an agreement with Dredging International NV – Earth Moving Worldwide LTD (DINV-EMW JV) for the development of Phase 1 of the SOHAR Port South Construction Package I. Totalling an investment of USD 24mn (approx. OMR 9.24mn), the agreement will see the development of the first 50 hectares of useable land within the new port expansion; which is expected to be fully completed by Q4 2018. The agreement was signed on April 18 at a ceremony held at SOHAR Port and Freezone head office in Sohar.
Samskip Nor Lines' Service to Call Rotterdam
Samskip subsidiary Nor Lines will include calls at Rotterdam for the first time in its weekly multipurpose liner service connecting to Western, Mid and Northern Norway, with effect from June 1st. The service is provided by Nor Lines' state of the art, LNG-fuelled vessels MV Kvitnos and MV Kvitbjorn. These flexible ships will sail in 14-day loops, connecting Rotterdam and Eemshaven with Norwegian ports from Hammerfest in the far north, and taking in calls including Sandnes/Tananger, Bergen, Trondheim, Ålesund, Bodo and Tromso.
Alphatron Marine Appoints Regional Manager
Alphatron Marine announced it has appointed Erik van Boom as country manager for the Euro border region Scheldemonden. With recent changes in Belgium, where Alphatron Marine has taken over the sales and service activities of maritime navigation and communication equipment of Astron NV, expansion in the region was required, the company said. In his new role, van Boom will leverage more than 25 years of experience in the maritime navigation and communication sector to help support the growth of Alphatron Marine.
Dockwise Encouraged by Increased Offer
Dockwise ltd has taken notice of this morning's release on the agreement between Boskalis Westminster NV ("Boskalis") and Project Holland Fonds whereby the latter has committed to sell their shares in Dockwise for a price of Euro 18 per share. Dockwise is encouraged by the increase in price by 5% from Euro 17.20 to Euro 18 per share but is of the opinion that this increased price does still not sufficiently reflect the value of Dockwise ltd. Dockwise will continue the dialogue with Boskalis on the conditions of the intended offer including their request for due diligence.
Liebherr Records Its Best-ever Turnover
Switzerland based equipment manufacturer Liebherr Group reports its 2017 turnover was the highest in the group's history, with total sales of €9,845 million.The company’s 2017 revenue increased 9.3 percent compared to the previous year, a trend the group says it believes will continue in 2018.The group posted a net result of €331 million for 2017, an increase of €33 million or 11.1 percent compared to the previous year.Liebherr reported a significant improvement in the operating result in the reporting year.
Agreement Paves Way for South African Offshore Supply Base
South Africa’s first dedicated and customized facility supporting offshore oil and gas activities will be introduced at the Port of Saldanha. This follows the conclusion of an agreement between Transnet National Ports Authority (TNPA) and Saldehco Pty Ltd, which was signed off at an official ceremony at the port on Monday, 23 April 2018.Saldehco is a privately owned South African company, comprising principal shareholder HARPS Holdings Pte Limited and local partner Semona Pty Limited.
Imtech Acquires Techsol Marine
Imtech N.V. acquired the Canadian marine company Groupe Techsol Marine. This strategic acquisition means that Imtech has now a high-tech marine production site available in Canada. The acquisition also strengthens Imtech's service and maintenance foothold in North-America. With over 100 employees, Groupe Techsol Marine realises annual revenues of around 20 million euro. The acquisition will be paid in cash and will directly contribute to the earnings per share. Imtech CEO René van der Bruggen: 'We enjoy a strong position in the global marine market…
DFDS to Buy U.N. Ro-Ro in $1.2 Bln Deal
Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt-free basis. It marks a change of course for the Turkish company, which had planned an initial public offering for up to 57.7 percent of the company, a draft prospectus showed last month. U.N. Ro-Ro operates five freight shipping routes between Turkey, Italy and France. DFDS said U.N.
GAC Dubai Wins Supply Chain Award
For the second consecutive year, GAC Dubai has been named the FMCG Supply Chain of the Year in the Logistics Middle East Awards. The 2018 award, like last year’s, acknowledges the company’s service to the Middle East’s busy Fast Moving Consumer Goods (FMCG) sector. The win recognizes GAC Dubai’s procedures, training and technology deployed in ensuring a seamless, safe and efficient cold chain and consistent commitment to providing supply chain management services to the sector.
Grimaldi Christens Grande New York
The Grande New York, part of the new fleet of the Grimaldi Group, was christened in the Port of NY-NJ at Port Newark Auto Marine Terminal (FAPS). Godmother was Amanda Matilda Cuomo Cole, granddaughter of former late NY Governor, Mario Cuomo and niece of current NY Governor Andrew Cuomo. Father Peter Haldás of St. John Paul II blessed the ship during a short ceremony to a distinguished delegation composed of maritime authorities, customers, port operators and managers of Grimaldi Group and daughter company Atlantic Container Line.
Imtech Receives the 'Royal' Designation
Imtech N.V. (IM-AE, technical services provider in Europe and on the global marine market) announces that Her Royal Highness the Queen of the Netherlands has decided to grant Imtech N.V. the right to use the designation 'Royal'. This special Predicate is awarded today by Mr. Jan Franssen, Queen's Commissioner in the Provence of South Holland, in the presence of Mr. Ahmed Aboutaleb, Mayor of Rotterdam. Royal Imtech is now a fact. Imtech CEO René van der Bruggen: 'Naturally, we are proud on the fact that we are allowed to call ourselves 'Royal Imtech'.
GAC expands into Port Elizabeth
GAC South Africa has opened its fifth branch, to provide a portfolio of shipping services for oil & gas projects and LPG shipments at Port Elizabeth as well as its neighbouring port Ngqura (Coega). GAC has served customers with vessels calling at Port Elizabeth through a sub-agent for more than 10 years, and is now expanding its operations in the region in response to growing demand for GAC’s range of shipping, logistics and complementary services. “Increasing our presence to…
Aegean’s New Bunkering Tanker
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced that it has taken delivery of the Zakynthos, a 6,272 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to be deployed to the company's market located in Gibraltar. E. Nikolas Tavlarios, President, commented, "We are pleased to continue to execute our growth strategy with the delivery of the Zakynthos. By once again expanding our high-quality logistics infrastructure…
Bollore Transport & Logistics Net Profit Jumps
Bollore Transport & Logistics Cote d'Ivoire net profit climbed to 13.14 billion CFA francs ($24.30 million) in 2017 from 10.12 billion CFA francs the previous year, the shipping company and port operator said late on Monday.Turnover for the Ivory Coast unit of French industrial group Bollore rose to 90.32 billion CFA francs in 2017 from 85.33 billion in 2016, according to a financial report posted on the website of the West African regional BRVM bourse.($1 = 540.7300 CFA francs)(Reporting by Loucoumane Coulibaly Editing by Joe Bavier and Sofia Christensen, editing by Louise Heavens)
Papageorgiou Named CFO of Aegean Marine Petroleum Network
Aegean Marine Petroleum Network (AMPNI) said that Pavlos Papageorgiou has been appointed Chief Financial Officer, effective immediately. Papageorgiou succeeds Spyros Gianniotis, who will continue to act as an independent consultant to the Company to help ensure a seamless transition of financial and operational responsibilities. Yiannis Papanicolaou, Aegean's Chairman of the Board, commented, "We are pleased to welcome Pavlos as Chief Financial Officer of Aegean. Pavlos brings more than twenty years of extensive senior leadership experience across global marine transportation…
Chemoil Appoints Van Eijck
SGX Mainboard-listed Chemoil (SGX-ST: CHEL.SI), an independent marine fuel suppliers, announced it has appointed Michiel Van Eijck to the position of Sales and Marketing Director for Europe. Van Eijck will maintain relationships Chemoil has developed with its European customers across its diversified supply chain operations worldwide. Prior to joining Chemoil, Van Eijck was Director of Mergers and Acquisitions with Dutch energy provider Eneco Holdings N.V. He has also previously held managerial roles in sales…
CMA CGM to Acquire 25% Stake in CEVA
Pangaea Logistics Acquires Panamax Bulker
Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, announced that it has signed a memorandum of agreement to acquire the 2006 Imabari-built panamax M/V Madeleine for $14.2M to enhance the company's bulk fleet. This new vessel is set to be renamed and will be fully utilized in the Noranda trade, supporting Pangaea's continuous transportation capabilities to Noranda Alumina and Noranda Bauxite on a long-term contractual basis. The acquisition adds to Pangaea's fleet of panamax, ultramax and supramax ships used for supply chain logistics and shipping.
Fincantieri 2012 Profits Up on Previous Year
Shipbuilders, Fincantieri, publish its 2012 financial results; announce resignation of Chairman Corrado Antonini. · Order portfolio at euro 7,817 million (euro 8,361 million in 2011). Commercially, Fincantieri succeeded in making the best of the available opportunities, finalizing agreements for new orders, including options, worth a total of euro 6.5 billion. This figure includes euro 1.4 billion in finalized contracts, while the remaining agreements are all subject to finalization of the related financial packages.
MSC Acquires Portugal Intermodel CP Carga
Swiss Mediterranean Shipping Co. (MSC) has finalized the acquisition of CP Carga, the freight and logistics unit of Portugal’s state-owned railway. MSC Rail, railway company of MSC, has completed the acquisition of the CP Carga - Logística e Transportes Ferroviários de Mercadorias SA, railway company established in 2009 and formerly owned by the group's entire public rail Portuguese Combois de Portugal (CP). The acquisition plan for of 95 percent of the rail freight carrier was formalized and announced last year, but the Portuguese authorities gave their consent in December 2015.
SCH to Handle Renault Vehicles in Southampton
Roll-on/roll-off cargo handlers Southampton Cargo Handling (SCH) said it has secured the stevedoring contract to handle all Renault vehicles being shipped through the Port of Southampton. The move follows the success of Euro Marine Logistics (EML), a joint venture project between Mitsui OSK Lines and Hoegh Autoliners, in winning the shipping contract for some 60,000 Renault vehicles a year that pass through Southampton. EML is making calls every four days in the port after loading vehicles in France and Spain.
XPO Logistics Unveils Voice Tracking
XPO Logistics Inc, the largest provider of last-mile deliveries for heavy and bulky items in North America, unveiled on Wednesday voice-enabled delivery tracking through Amazon.com Inc's Echo or Alphabet Inc's Google Home speakers.XPO believes it is the first large delivery and warehousing company in the world to offer consumers the ability to get delivery tracking updates, or schedule and reschedule deliveries, using smart speakers, the company said at a conference in Atlanta.The voice-enabled technology…
Freeport LNG Delays Start of Texas Export Terminal
Freeport LNG, a privately held U.S. liquefied natural gas company, said on Thursday it pushed back the projected start date for its $13 billion export terminal under construction in Texas by about nine months to around Sept. 1, 2019.Freeport LNG now expects the first liquefaction train to enter service around Sept. 1, 2019, with the second and third trains seen in service around Jan. 1 and May 1, 2020, respectively, said Zdenek Gerych, a spokesman at Freeport.Previously, the three…
Porter Appointed GM for Radio Holland
Imtech Marine has appointed Peter Porter as General Manager for Imtech Marine Belgium, also known as Radio Holland, per October 1, 2015. Porter will succeed Frans Ploegaert, who has started in Sharjah, United Arab Emirates, as Director Middle East and India. Porter started at sea as Deck Officer and has since 1989 further developed his career ashore. He worked, amongst other things, as Operations and Capacity Manager Container Trades at CMB N.V – CMBT N.V. and as Fleet and Operations Director at Safmarine Container Lines.
Liebherr all over Antwerp
Liebherr Maritime has further increased the number of cargo handling equipment in the Antwerp region. More than 50 units of Liebherr Reachstacker and mobile harbor cranes were delivered to Antwerp in the past 25 years. More and more terminals reach out for an LHM 600. Liebherr Maritime delivered its first mobile harbor crane to Antwerp more than 25 years ago. Since then terminal operators all over Antwerp steadily equipped their maritime cargo handling fleet with Liebherr products…