MOVE Sets Up Shipping Route to Link NZ Ports to Tasmania and Australia’s East Coast
New Zealand-based transport and logistics group, MOVE Logistics Group Limited has set up its first trans-Tasman shipping line, scheduled for Q4 2022, as part of its new Oceans business.In line with this, MOVE has entered an agreement to acquire a vessel, the Atlas Wind, out of Europe. It is expected that the acquisition will be settled in October 2022. The Atlas Wind can carry 350 containers or the equivalent of 5,000 tonnes of bulk cargo. With two cranes on board, the vessel has the ability to call into ports that historically may not have been able to accept containerised and bulk cargoes, the company said.The maiden journey will be the first of a regular monthly voyage that will see goods shipped between regional New Zealand ports…
Pangaea Orders Ice Class Post-Panamax Pair
Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics and transportation solutions, has signed a contract to build two new post-panamax 95,000 dwt ice-class dry bulk vessels at Guangzhou Shipyard International in China to support the new business.Pangaea holds options to build two more vessels at Guangzhou, said a press note from the company.Pangaea has also announced the expansion of its high ice class fleet niche with a new ten year contract with its customer Baffinland Iron Mines Corporation.Ed Coll, Chief Executive Officer of Pangaea, discussed the contracts with Baffinland and the China State Shipbuilding Corporation-affiliated Guangzhou Shipyard, "We work closely with all of our customers.
Strong Growth in Container Traffic between Austria and Hamburg
In 2015 around 295,000 TEU – 20-ft standard containers – were transported between the Port of Hamburg and intermodal terminals in Austria by rail. That represents a 9.3 percent gain, setting a new record for Hamburg’s seaport-hinterland services with Austria. The proportion of containers on this route transported by rail exceeds over 90 percent, making rail the leading mode of transport. “Austria is a model destination in efficient and environmentally friendly hinterland transport via the Port of Hamburg. About 40 container block trains per week operate between Hamburg and Vienna. Altogether more than 80 container trains connect intermodal terminals in Austria every week with Germany’s largest port…
P&O Princess Cruises Assigned Negative Outlook
Fitch, the international rating agency, has affirmed the Senior Unsecured 'BBB+' and Short-term 'F2' ratings of P&O Princess Cruises (POPC), the world's third largest cruise operator. However, the Rating Outlook is changed to Negative from Stable. While Fitch's ratings continue to reflect POPC's competitive position and financial flexibility, the Negative Outlook expresses concerns about the impact of adverse economic conditions on credit protection measures in the next 12-18 months. In Fitch's view, POPC is in a good position to seize opportunities in the global cruise market. Demographic factors and the low penetration rate of cruises on a per capita basis support market growth expectations, while POPC enjoys strong brand recognition and a fleet that is both expanding and improving.
Keys Coral Reefs First In U.S. To Receive International Protection
historic steps through the International Maritime Organization to create the first U.S. and collisions from large international ships. square nautical miles and is one of only five such areas in the world. Starting Dec. 1, ships greater than 164 ft. in length transiting the zone will be held to internationally accepted and enforceable rules. areas within the zone altogether and abide by three no-anchoring areas within the zone. the Florida Particularly Sensitive Sea Area and address, these protective measures. More than 40 percent of the world's commerce passes through the Florida Straits each year. since 1997. resources while simultaneously supporting shipping and economic growth. Secretary of Commerce Samuel W. the Commerce Building in Washington, D.C. from U.S.
