LASH

GL Approval for New Automatic Twistlock

Cargotec's newly-approved fully-automatic MacGregor twistlock offers significant safety advantages and time-savings in port; shipowners appreciate these features and commercial references are growing. Through its MacGregor brand, Cargotec has an international reputation as a market leader in developing safe and efficient container securing equipment. This continues with the introduction of its new fully-automatic MacGregor C8A twistlock, which has recently gained Germanischer Lloyd approval. "During the approval process, the C8A twistlock passed the strictest testing and performance criteria to which a product can be subjected," said Erik Stenvik, Director, Lashings.   "Maintaining our market-leading position as a container securing specialist requires continuous research and development," said Mr Stenvik. "We wanted to develop a design that successfully met or exceeded industry's changing operating requirements and all relevant ISO standards, without any compromise to safety."   In addition to significant time savings in port, the new C8A twistlock offers important safety advantages for personnel involved with cargo-handling operations, because they are unlocked by the vertical lift of the discharging crane, rather than manually by stevedores. The C8A units also have a 'positive locking' mechanism that can manually lock the twistlock

ISH: Steel Import Sanctions Hurt 4Q Earnings

International Shipholding Corp., in announcing its fourth quarter results yesterday, noted that while fourth quarter results were improved from the third quarter, the period was negatively impacted by lower results in the company’s TransAtlantic LASH service, which experienced reduced cargo volume largely because of U.S. sanctions on foreign steel imports. For the three months ended December 31, 2002, recorded revenue was $58.3 million versus $65

International Shipholding Reports Fourth Quarter Results

International Shipholding Corporation reported results for the year and quarter ended December 31, 2001. Net loss for the fourth quarter was $1.5 million as compared to net income of $775,000 for the fourth quarter of 2000. For the year ended December 31, 2001, the Company reported a net loss of $64.4 million as compared to net income of $836,000 during the year ended December 31, 2000. The annual results for 2001 reflect a previously reported asset write-down on "Assets

Cargotec Wins 25m in Orders

Cargotec has confirmed new orders worth around EUR 25 million to deliver MacGregor hatch covers, lashing bridges and fixed lashing gear for eleven 8,800 TEU container ships being built by Sungdong Shipbuilding & Marine Engineering shipyard in South Korea. The MacGregor equipment will be delivered between mid-2012 and the end of 2013. The orders include an option for the delivery of MacGregor solutions for a further ten ships

More Cargo Loading Flexibility

Classification society Germanischer Lloyd (GL) is offering container carriers additional flexibility to load more containers on deck, while maintaining required safety levels.   With new route specific loading calculations, GL can assist container lines to accelerate cargo operations in ports and maintain a higher degree of loading flexibility.   Based on long-term statistical data on wave conditions, GL has developed a new class notation for route dependent container stowage

Cargotec Bridges Automation Gap for Containers

Cargotec has expanded its portfolio with an automated lashing platform for fully automated quayside twistlock handling.   Under the terms of an exclusive global licensing agreement, Cargotec has assumed full responsibility for KALP GmbH's automated lashing platform products and services. The platforms will be rebranded under Cargotec's daughter brand Kalmar. Today, stevedores manually remove twistlocks during the discharge process and fix them during the load process

Rickmers-Linie Superflex MPC Loads Up in Japan

Rickmers Shanghai, fourth in a chain of nine new Superflex Heavy Multi-Purpose Container (MPC) sister vessels being built in China for Hamburg-based global project liner and heavy lift specialist Rickmers-Linie, has loaded a heavy-lift consignment at the port of Moji in Japan. The vessel, delivered in March 2003, is deployed in the company's newly inaugurated Round-The-World Pearl String Service. Rickmers Shanghai, whose gear has been designed and constructed for the lifting of heavy cargo

Marina Orders All Sulpicio Ships Grounded

The Cebu Daily News reported that all Sulpicio Lines vessels nationwide were ordered grounded by the Maritime Authority (Marina) following the sinking of the MV Princess of the Stars. A memorandum was issued by Administrator Vicente Sauso for personnel to inspect all Sulpicio Lines vessels to check whether they have lashing gears and have complied with cargo securing manuals. If the vessels fulfill requirements, they are allowed to sail.

Schwarzenegger, Offshore Oil Drilling

According to a June 1 report from the Los Angeles Times, the State Lands Commission lashed out at Gov. Arnold Schwarzenegger's attempt to reverse its rejection of the first new oil drilling in California waters since 1969. At a contentious hearing in Santa Monica, the commission passed a resolution urging legislators not to go along with Schwarzenegger's plan, which would revive a drilling project off the Santa Barbara County coast that the commission killed in January.

International Shipholding Corporation Reports Third Quarter Results

International Shipholding Corporation reported results for the quarter ended September 30, 2001. Net loss for the third quarter was $165,000 as compared to net income of $418,000 for the third quarter of 2000. For the nine months of 2001, International Shipholding Corporation reported a net loss of $62.9 million as compared to net income of 461,000 during the first nine months of 2000. The nine-month results for 2001 reflect a previously reported asset impairment loss of “Assets