Companies In Europe
The CMA CGM Group has acquired the German shipping company Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG (OPDR), CMA CGM founder, chairman and CEO Jacques R. Saadé announced during his visit in Hamburg, Germany on November 25. The closing of the transaction remains subject to the approval of the relevant regulatory authorities. OPDR, a shipping company owned by the Bernhard Schulte Group, specializes in short sea shipping and door-to-door logistics for North Europe, Canary Islands, the Iberian Peninsula and Morocco. With its more than 200 dedicated collaborators and its network of agencies, the company connects Europe, Scandinavia and North Africa. Farid T. Salem, CMA CGM Group Executive Officer, who led this acquisition, said, “This new acquisition reinforces the group’s presence on the growing intra-European short sea transportation market. This is a continuation of our strategy to broaden our regional network, a strategy which began with the acquisition of MacAndrews in 2002. As with MacAndrews, we plan on maintaining and developing the OPDR company, as well as creating new synergies with both MacAndrews and the CMA CGM Group”. OPDR operates five different services between: North Europe and the Canary Islands, Seville and the Canary Islands, North Europe, Spain, Portugal and Morocco, North Europe and Morocco, North Europe, Spain and Scandinavia.
Islamic Republic of Iran Shipping Lines (IRISL) has managed to create two companies in Europe in joint collaboration with foreign companies, says Mohammad Saeidi IRISL managing director. He didn't provide the details of establishment of the two Iran-Europe shipping companies, but said that the companies have already started cooperation schemes with their European partners. Saeidi emphasized that the same cooperation schemes are expected to facilitate the shipping
L-3 Marine & Power Systems (M&PS) has extended its presence into the Brazilian marketplace by opening a new office and appointing key local staff. All regional operations for the new Brazilian office will be led by Jonas Henrique Lobo. Lobo will serve as the director of business development for the L-3 Marine & Offshore Brazil office, reporting directly to Brian Pope, senior vice president of business development for L-3 M&PS.
US Firm, Tidewater, agrees with HitecVision to purchase Norway's Troms offshore, including 5 large PSV's. Tidewater say that the acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand their global footprint into the Norwegian sector of the North Sea and supplement their experience and vessel fleet operating in harsh environments, including cold climates. The Troms Offshore-owned fleet is expected to include five large
With the departure of the vessel Fortunagracht out of Antwerp, Belgium over the weekend, the Cleveland-Europe Express service between the Cleveland Harbor and Europe via the Saint Lawrence Seaway has officially launched. The vessel is loaded with breakbulk and containerized cargo and is set to dock in Cleveland around April 17. The Cleveland-Europe Express is the only regular, scheduled international container and noncontainerized cargo service on the Great Lakes
Taiwan's president, Ma Ying-jeou, reiterated Taiwan's determination to push ahead with its domestic submarine program to modernize its fleet and bolster the country's defense capabilities. Reiterating Taiwan's effort to develop its own home-grown submarine program, Ma said "we have the determination and we are definitely confident that we will achieve the goal of building submarines locally."
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
The UK P&I Club has announced that it is reorganizing its structure to establish UK Europe as the sole provider of direct insurance to UK Club members. By reducing the number of separately regulated insurers from two to one, the UK Club aims to streamline governance, reduce compliance costs, and manage more efficiently the Club’s solvency capital requirements, while meeting the impending Solvency 2 regulations for insurers in the European Union.
Reflex Marine continues to expand its global network of Accredited Service Centers with its latest addition, Fano Kran-Service A/S (Fano Kran) located in Denmark. Reflex Marine is a company in marine transfer solutions to the offshore, marine and renewable industries and has largely specialized in crane transfer and offshore access with its two key products, FROG and TORO, driving forward improved safety standards
German liner company Hapag-Lloyd has further improved the Europe Australia Express service (EAX), one of its prime products. New port calls in Fos sur Mer and Pointe de Galets / Short transit times from Europe to Australia unchanged / Italian port switched to Salerno on Northbound leg. According to a media statement from the company, as of December, the French ports Fos sur Mer and Pointe de Galets (La Réunion) will be added to the EAX rotation on the Southbound
According to Clarksons Research, the world fleet has experienced a sustained period of growth during the last decade, with owners based in the Asia/Pacific region responsible for the largest share of this expansion. However, since the start of 2014
United Arab Shipping Company (UASC) announced the recent conclusion of a series of transactions that resulted in the issuance by a U.S. based trust of $162 million of Enhanced Maritime Trust Certificates (EMTC). The EMTCs were issued in an offering pursuant to Section 4(a)(2) and Regulation
The result of a five-year-long EU project, the world’s fastest Air Supported Vessel (ASV), fully powered by lithium-ion battery energy storage system (BESS), has been launched at Latitude Yachts in Riga, Latvia. The new first of its kind vessel BB Green operates at a speed of 30
Iranian state shipping company IRISL’s new general cargo service makes first call at C. Steinweg’s Süd-West Terminal in Hamburg During the first call by its new general cargo service, representatives of state shipping company IRISL – Islamic Republic of Iran
The Maritime Cluster concept is blooming across Europe, leading to the reinforcement of the ENMC Given the success of the first meeting he had in 2015 with the chairmen of the national maritime clusters forming the ENMC, Commissioner Vella expressed the wish to reiterate this high-level
Mitsui O.S.K. Lines, Nippon Yusen Kaisha, “K” Line, Hanjin, Hapag-Lloyd and Yang Ming to create a new partnership “THE Alliance” Tokyo, May 13, 2016 - Mitsui O.S.K. Lines (MOL, President & CEO: Junichiro Ikeda), Nippon Yusen Kaisha, “K” Line, Hanjin
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 4.7 percent to $606 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.
Restrictions on Iranian tankers’ insurance have been removed and the country’s crude carriers are now allowed to enter any oil terminal in the world, National Iranian Tanker Company (NITC)'s CEO Ali Akbar Safaee said.
Japan’s three largest shipping companies - Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K Lines (MOL), and Kawasaki Kisen Kaisha (“K” Line) - and three other carriers worldwide will form the world's third-largest container shipping alliance, reports Nikkei.
The emergence of US liquefied natural gas as a competitive alternative for European and Asian customers, combined with an oversupplied market, should drive more convergence between natural gas prices at major hubs and weaken the link between gas and oil prices, Fitch Ratings says.
Starting in June 2016, shipping company Hapag-Lloyd will add a new call in Port Everglades to its Mediterranean Gulf Express (MGX) service. Florida International Terminal (FIT), operated by SAAM since 2005 in Port Everglades – Fort Lauderdale, Fla., will add a new service
CMA CGM announced changes to come on its shipping services connecting North Europe with Asia. New rotation on FAL 1: Starting in Hamburg on May 26, 2016 with m/v CMA CGM VASCO DE GAMA voy. 087 FLE, FAL 1 will include a new call at Jebel Ali on its rotation
Cai Mep, Vietnam - With five new services calls added to Cai Mep International Terminal (CMIT) since May of 2015, container volume has surged by 130% to 277,303 TEUs for the first three months of 2016, as compared with the same period a year ago
Throughput at Cai Mep International Terminal, the APM Terminals facility in Vietnam’s Ba Ria‐Vung Tau province, southeast of Ho Chi Minh City, expanded by 130 percent in the first quarter as new service calls added in 2015 began to impact volumes.
France's CMA CGM, the world's third-largest container shipping firm, reported a first-quarter net loss on Friday and targeted $1 billion in cost cuts to keep operating margins positive during the current market downturn. Weak freight rates in the past year have left many lines operating