The European Commission issued the First Call for Proposers regarding the EU Marco Polo Program. The program is intended to reduce road congestion in Europe by shifting freight transportation from highways to short sea shipping, rail, and inland waterways. Proposals under this program should be submitted by December 10. Source: HK Law
On its first journey from Asia to Europe the container ship new building Hyundai Bangkok for the first time visited the HHLA container terminal Altenwerder in Hamburg. The 6755 TEU vessel is operated by the shipping consortium New World Alliance in its AEX service (Asia- Europe Express Service). The Hyundai Bangkok" leaves Hamburg for the ports of Thamesport, Le Havre, Singapore, Hong Kong, Kaohsiung and Kwangyang, before returning to the Hanseatic city via the ports of
General Dynamics Corp., maker of nuclear submarines, tanks and destroyers, reported an 11 percent increase in second-quarter profits, meeting Wall Street targets, on gains in its combat systems operations. The company, which is battling rival defense contractor Northrop Grumman Corp. to take over Newport News Shipbuilding Inc., posted net earnings of $227 million, or $1.12 per share, up from $204 million, or $1.01 per share, a year earlier. Analysts had expected a profit of $1
Tidewater reported second-quarter earnings of $104.2 million, or $1.86 per share, up from a year-ago profit of $82.2 million, or $1.42 per share. The latest results included a gain of $17.2 million, or 31 cents a share, related to an asset sale. Revenue rose in three months ended Sept. 30 to $274 million from $204.4 million in the same period a year earlier. The average estimate of analysts polled by Thomson First Call was for a profit of $1.32 a share in the September period
The company’s performance summary gave highlights for the quarter including: good project execution in all regions delivering EBITDA of $164.8 million; satisfactory financial result despite currency losses and mark-to-market adjustment of derivatives; and award of largest contract to date in Africa from BP in respect of Block 31 - signed first call-off contract under the framework agreement with an estimated value of $460 million.
Charges have been laid against two commercial jet boat drivers following a collision on the Dart River, near Queenstown, in which a passenger suffered a broken clavicle & several others suffered bruising. The incident involved jet boats from Dart River Safaris (who do not face any charges as a result of the incident) one jet boat carrying 11 passengers and heading upstream and the other, carrying the driver alone, heading downstream
Carnival Corp. on Thursday said fiscal second-quarter profits dropped 8 percent, in line with expectations, as prices for sea vacations remained tepid. The Miami-based owner of Holland America, Cunard and four other cruise lines said profits were $187 million, or $0.32 per share, for the three months ended May 31, compared with $204 million, or $0.34 per share, a year earlier. Industry analysts had forecast that Carnival, whose 45 ships dominate the $12 billion global cruise market
Barge operator Kirby Corp. said its third-quarter profit would miss Wall Street expectations by about 10 percent because of a fall off in refined petroleum shipments and higher fuel prices. Houston-based Kirby, which operates a fleet of barges and towing vessels transporting chemicals, refined petroleum and agricultural goods on U.S. inland waterways, said in a statement its third-quarter profit would be between 36 cents and 38 cents per share
Rickmers-Linie celebrated the fifth christening in its series of nine new Superflex Heavy Multi-Purpose Container (MPC) vessels on November 8 in Shanghai. Madame Zhang Xiang Lan, wife of Mr Luo Kai Fu, Chairman of the Sinotrans Group, was the godmother of Rickmers Shanghai. The name of the ship reflects the importance and tradition of China in the business of Rickmers-Linie. The Hamburg-based company has been providing
Maersk Line, container shipping line, has switched the UK call of its Samba service from Tilbury to DP World London Gateway Port. The first call on the service will be made by the Maersk Lanco on Monday, March 21. The rotation of the service includes calls at Santos, Paranagua, Itajal, Buenos Aires, Montevideo, Rio Grande, Santos, Pecem, Algeciras, Rotterdam, DP World London Gateway Port, Bremerhaven, Antwerp, Algeciras and Santos.
1861 - Union forces burn screw frigate Merrimack and Gosport Shipyard, Portsmouth, Va., to prevent Yard facilities and ships from falling into Confederate hands during the Civil War. 1914 - The first call-to-action of naval aviators is given, creating an aviation detachment of three pilots
Oman International Container Terminal (OICT) received the first call of the Mediterranean Shipping Co (MSC), the world’s second largest container shipper with over 2.7m twenty-foot equivalent units (TEUs) per year, Lana vessel at the Port of Sohar.
The cruise shipping season got underway in the Port of Kiel in the early hours of today with the arrival of the season’s first ship AIDAluna at the Ostseekai Terminal. The cruise ship is coming in after from a transfer trip from the Caribbean and will be based in Kiel – as
MSC Lana Voy-JA618R made its inaugural call at Karachi International Container Terminal (KICT), marking the launch of a new Middle East Loop 1 (MEL 1) Service. To mark the event, KICT held a maiden voyage ceremony, attended by Mr Keith Lau
Following its core strategy of continuous Africa Lines service upgrade, CMA CGM is pleased to present its latest significant improvement on its NOURA EXPRESS service connecting East Africa with Europe. Starting end of November 2015 with m/v MARIE DELMAS
The tariffs which visiting sea-going vessels pay in Rotterdam will increase by 0.5% next year. That is half of the past year’s inflation rate. This is in accordance with the three-year agreement made last year between Deltalinqs, VRC
On 1 January 2016, APL ushered in the New Year with its U.S-flagged vessel, APL Guam arriving at the island of Guam for the first time. The event marks the maiden inbound shipment to Guam via APL’s Guam Saipan Express (GSX) service.
The Canaveral Port Authority welcomes the start of StreamLine’s Blue Stream weekly liner service at its new Canaveral Cargo Terminal, which GT USA manages and operates. The service adds Port Canaveral to this valued trade route that includes Central America, Europe and the Caribbean
CMA CGM announces its customers that in a continuous effort to improve its services, NEFGUI and NORTH BRAZIL FEEDER will now be calling at Vila Do Conde in replacement of Belem. NEFGUI rotation will be as follows: Algeciras - Tilbury - Rotterdam - Le Havre - Philipsburg - Port of
Bronka Container Terminal is the biggest in the Baltic Sea, and has already accepted a call from CMA CGM, and is due another from the French liner in March of this year. According to a report in Reuters, the new deepwater port in Saint Petersburg aims to become Russia's major
Oman aims to expand shipping and trade links with Iran and get ahead of rivals after the lifting of international sanctions on Tehran, leading port officials involved say. Measures were lifted last month as part of a nuclear deal with world powers
A special loading operation has taken place in Bremerhaven, involving Rickmers-Linie’s MV Rickmers Hamburg, a 485-metric-ton Siemens gas turbine, a 465-metric-ton Siemens generator and German project freight forwarder Bertling.
Peel Ports, the owner and developer of the new container terminal at the Port of Liverpool, has received a major boost with the news that SEAGO, the Intra-European shipping line which is part of the Maersk Group, is to launch a new cargo route between Algeciras-Liverpool-Dublin, from April.
Tokyo-based shipping line NYK Group (Nippon Yusen Kaisha) has decided to establish a new company, Symphony Creative Solutions (SCS) in Singapore, to develop and market new solutions in the shipping and logistics fields. NYK, along with its subsidiaries
The Iranian shipping company Islamic Republic of Iran Shipping Lines (IRISL) called at the port of Antwerp with one of its ships this week, for the first time since economic sanctions were lifted. The honour of being the “first” Iranian ship in Antwerp’s waters fell to the