CMA CGM in Effort to Buy rest of CEVA Logistics Shares
CMA CGM launches 30 Sfr/shr tender offer for CEVA shares; CEVA recommends shareholders decline the offer.ZURICH, Jan 28 (Reuters) - French shipping company CMA CGM on Monday formally launched a cash offer to buy out other shareholders of Ceva Logistics, valuing the Swiss freight forwarder at $1.67 billion as the companies pursue closer ties aimed at fueling growth and savings.CMA CGM, which already controls 50.6 percent of CEVA, and the Swiss company last year began developing a business plan to boost commercial cooperation and complementary services.At the time…
Maersk Offers Street Turn Services in the US, Canada
Avantida, an E2Open company, has announced that Maersk, has started to offer street turn services on their platform in the United States and Canada. This represents Avantida’s first step into the US and Canadian markets.Empty container triangulation, or the interchange of an intermodal container outside of a marine terminal or yard (street turns), is a well-known activity in the US. By offering this on Avantida’s online platform, transporter and logistics companies are freed from the administrative hassle of having to request and process street turns manually.
California: MSC Pays $630K for Air Quality Violations
Swiss container shipping company Mediterranean Shipping Company (MSC) paid $630,625 in penalties to the California Air Resources Board (CARB) for violating the Ocean-Going Vessel At-Berth Regulation.According to CARB, the violations were discovered during a routine audit of the company’s 2014 visits to the Port of Oakland and the twin ports of Los Angeles and Long Beach.The investigation by CARB revealed more than 2500 violations for both the Oakland and LA/LB fleets for failing…
WinGD Elected Joins LNG Marine Fuel Institute
Switzerland-based low-speed gas and diesel marine engines marine manufacturer Winterthur Gas & Diesel (WinGD) has become a member of the LNG Marine Fuel Institute.WinGD, the company involved in the design and development of the two-stroke X-DF LNG engines, is highly invested in the advancement of the shipping industry through LNG as fuel.More than 150 engines of the new WinGD X-DF type are ordered, under construction or in operations, said a press release from the company.WinGD’s engine design history dates back to the late 1800s when they were founded as the Sulzer Diesel Engine business.
Rimorchiatori Spezzini Orders Two Damen ASD Tugs
Rimorchiatori Spezzini, a subsidiary of the Scafi Group, contracted Damen Shipyards Group for two new Damen ASD Tugs 2411. The order comes as part of Scafi’s plans to expand its fleet in response to the newly assigned harbor towage concession in the port of Safi, Morocco. The two new ASD Tugs will be based in the Port of La Spezia, an important maritime hub for commercial markets in North Italy, Austria, Switzerland and Germany. (Read more about the Port of La Spezia in the latest…
UNCTAD to Push Sustainability into Freight Transport Systems
The United Nations Conference on Trade and Development (UNCTAD) convenes meeting on ways to build sustainability into freight transport systems, including shipping, to boost trade with and between developing countries.According to UNCTAD, governments, shipping companies and trading industries will need to balance economic, social and environmental concerns to achieve sustainability in maritime transport, experts will say at an UNCTAD meeting in Geneva, Switzerland, on 21–23 November.Multi-year Expert Meeting on Transport…
Low EU River Stir Fuel Markets in Singapore
Rhine water levels hit record lows in October; river is a key fuel transport hub for Europe.Low water levels on the Rhine river have caused a fuel supply deficit in parts of Europe's industrial heartlands that is sucking up cargoes from more than 10,000 km away in Singapore.Following a long, scorching summer, water levels on the Rhine - a key commodity shipping lane connecting industrial centres in Switzerland, Germany, France and the Netherlands to major seaports - fell to record lows…
Nor-Shipping Appoints First Sustainability and Technology Chief
Nor-Shipping is continuing its mission to build ‘your arena for ocean solutions’ with the recruitment of its first Head of Sustainability and Technology, Silje Bareksten.A press release stated that the development marks another step in an evolution that aims to realign the event week to support, serve and enable the maritime industry of tomorrow."Over the course of 2018 Nor-Shipping has rebranded, repositioned to help its maritime base exploit the potential of increasing ‘ocean industry’ activities and announced that its exhibition Hall A will now focus on the Blue Economy…
Record Low Rhine Levels Hampers Barge Trade
Water levels on the Rhine River fell to a record low on Thursday and were forecast to fall even further, hampering oil product barge trading in northwest Europe.Water levels at the Kaub point of the river fell to 31 cm, according to Refinitiv Eikon data, the lowest level in data available since September 1995.Shallow water on the Rhine in Germany means freight vessels cannot sail fully loaded.The river is an important shipping route for commodities including grains, minerals, coal and oil products including heating oil.
The Ostseekai Welcomes Viking Sky
Cruise ship Viking Sky sailed into the Kiel Fiord on her maiden visit to Kiel early on Tuesday morning, escorted by a water fountain display from a local tug. The ship’s arrival also marks the ninth and final occasion this season on which a cruise ship has visited the port for the first time. Nicole Claus, Cruise Shipping Director of the Port of Kiel, said, “The high number of maiden calls underscores the fact that Kiel, in addition to its function as a base port for cruise shipping, is also being utilized more and more as a jumping-off point for day trips ashore.
Kiel Marks 150th Cruise Ship Call This Season
The cruise ship Aurora, part of the fleet of the English shipping company P&O Cruises, arrived early Tuesday morning for her first visit to the Kiel Fiord.The ship’s maiden call also marked the 150th visit to Kiel this year by a cruise ship. Nicole Claus, Cruise Shipping Director of the PORT OF KIEL said: “Actually it’s the very first time ever that we have registered 150 visits in a single season. The arrival of the Aurora is a milestone which underscores the development of Kiel…
Low Water Hinders River Shipping in Germany
Water levels on the Rhine and Danube in Germany remain low as a drought and heatwave continues and freight vessels cannot sail fully loaded on the rivers, traders said on Monday.The Rhine is too shallow for normal sailings from Duisburg to southern Germany, traders said. All of the German section of the Danube is too shallow for full loads, they said.“Vessels are still sailing but are sometimes operating less than half full,” one vessel broker said. “Water is so shallow in southern…
EnBW: No Impact on Coal Generation from Low Rhine Water
German utility EnBW said on Friday it had enough stocks and rail transport options for the time being to secure coal deliveries from the Amsterdam-Rotterdam-Antwerp port areas while the river Rhine had low water levels. "There are currently no important limitations on our coal receipts via the Rhine," a spokeswoman said in a written response to questions. She said EnBW’s coal plants had rail network connections as well as access to barge ports. On-site coal stocks were well filled, she said.
Kiel Welcomes Saga Sapphire on Maiden Visit
The first of four visits to Kiel this season by the British shipping company Saga Cruises began early Thursday with the arrival on the Kiel Fiord of the Saga Sapphire with 640 English-speaking passengers on board. The flagship of the Saga fleet was met by a local tug near the Friedrichsort Beacon and within sight of the entrance to the Kiel Canal. To the accompaniment of a water fountain display by the tug, the ship was escorted to her berth at the Ostseekai Cruise Shipping Terminal. During the course of a reception later on the ship, port head Dr.
UN Seeks Traders' Help Enforcing North Korea Sanctions
A U.N. monitoring group wants to enlist the help of the world's biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said.The U.N. Security Council ramped up sanctions last year after North Korea said it had conducted missile tests that put the U.S. mainland in range of its nuclear weapons.Under the restrictions, Pyongyang is limited to importing 4 million barrels of crude and 500,000 barrels…
Liebherr Bags Order to Deliver Heavy Lift Crane
Switzerland based Liebherr Group together with the Norwegian companies OHT, Ulstein Design & Solution BV, DNV-GL as well as Chinese shipyard CMHI are working to manufacture a unique vessel for applications in the wind energy sector, decommissioning, the installation of offshore platforms and for heavy-duty transports. CMHI, a well known manufacturer of offshore equipment and large vessels, is going to build the 216.3 meter long ship at its dockyard in Haimen on behalf of the heavy transport vessel operator, OHT.
Hannibal Doubles Connections To Switzerland
Hannibal, Contship Italia Group's multimodal transport operator, has launched a second rail link to Switzerland on July 2, 2018. The new daily connection to Zurich (Niederglatt) complements the existing link to Basel (Frenkendorf), which is also served daily.With the additional link to Zurich (Niederglatt), Contship Italia doubles its services covering the growing Swiss market. The new link between Contship’s Rail Hub Milano (RHM) in Melzo and Niederglatt features a three-day…
Container Shipping Line MSC Stops New Iran Bookings
The world's No. 2 container shipping line MSC said on Wednesday it would stop taking new bookings for Iran due to the decision by the United States to re-impose sanctions on Tehran after withdrawing from the international nuclear deal. In a note to clients, privately held MSC said it was "ceasing to provide access to services to and from Iran", adding that they would "conclude this period with the minimum disruption" to their customers' business. "While MSC is not accepting bookings for shipments originating from Iran…
One Million Ship Containers Missing after P&R Insolvency
Managers of insolvent P&R Group are being investigated after it was discovered the investment firm sold nearly one million more shipping containers than it owned, the Munich prosecutors' office said on Thursday.Once the world's biggest lessor of shipping containers, P&R sells containers to investors and its sister company in Switzerland rents them out to shipping companies.P&R later buys back the containers from investors.P&R, which is based near Munich, has sold some 1.6 million containers to around 54,000 investors for a total 3.5 billion euros ($4.12 billion).But a tally made after its Germ
HAROPA Re-elected Best Seaport in Europe in 2018
The port stakeholders and experts in the supply chain of the Asia-Pacific zone have renewed their trust to HAROPA for the 6th time (HAROPA is the 5th North-European port complex grouping together the ports of Le Havre, Rouen and Paris): HAROPA was awarded the trophy of “Best Seaport in Europe” on May 15th, in Shanghai in the course of the AFLAS evening party (Asian Freight, Logistics & Supply Chain Awards). HAROPA was in competition with the ports of Antwerp, Hamburg and Barcelona. This prize rewards all port places of HAROPA.
Indiana's Burns Harbor Plans for More Growth
The Port of Indiana-Burns Harbor completed a landmark year in 2017 and is poised for significant future growth as a result of several historic developments. In addition to handling an 8 percent increase in cargo shipments in 2017, the port doubled the size of its bulk terminal, attracted a nationally-renowned stevedore in Metro Ports, handled its most valuable cargo ever, and announced a $20 million expansion made possible by earning one of only 10 "FASTLANE" small project grants awarded in the U.S. last year.
WISTA International Appoints Diversity Committee
The Women’s International Shipping and Trading Association (WISTA) is proud to announce the formation of its Diversity Committee. A member-driven project created as a next step after the #METOO campaign, the WISTA Diversity Committee will focus on providing practical solutions to increase opportunities for gender diversity in the maritime industry. The committee works as part of WISTA International’s 2018 theme: The Women Who Move the World. “WISTA has always advocated for increased gender diversity in the maritime industry.
WTO: Concern Over US Tariffs
WTO members expressed concern over the United States’ imposition of higher tariffs on steel and aluminium imports and the impact they may have on the global trading system at a meeting of the Council on Trade in Goods on 23 March, the same day the new US measure came into effect. The US responded by saying that the tariffs are necessary to address the threat these imports pose to national security. Over 40 members - including the 28 members of the European Union - took the floor…
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.
Oldendorff Halts Guyana Operation Due to Rusal Crisis
German shipping group Oldendorff Carriers is stopping its business in Guyana, the company said on Friday, after the United States blacklisted Russian aluminum producer Rusal, which has a plant in the South American country.The United States on April 6 imposed sanctions against Russian entities and individuals to punish Moscow for its alleged meddling in the 2016 U.S. election and what the U.S. Treasury Department dubbed other "malign activity".Since then, the world's two biggest…
Season’s Biggest Cruise Ship Berths at Ostseekai
The biggest cruise ship of this year’s summer season arrived in the port of Kiel on Saturday April 28th at the end of a journey across the Atlantic. The 139,000 GT and 333 m long “MSC Preziosa” arrived in the Kiel Fiord in the early morning and was welcomed with a water fountain tribute from one of the port’s tugs and escorted to her berth at the Ostseekai Cruise Ship Terminal. During an onboard reception later, City Councillor Gerwin Stöcken and port head Dr Dirk Claus welcomed the ship’s captain to Kiel and presented him with the port’s official maiden visit commemorative plaque.