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.
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
Barcelona Europe South Terminal (BEST) handled the largest containership ever to call at the Port of Barcelona, the 16,600 TEU MSC LONDON and also set a new productivity record. The port discharged 618 containers and loaded 1035 in less than eight hours when working MSC LONDON
TransAtlantic announced a new port of call in North Sweden by adding port of Härnösand to our TransFeeder North product connecting the Bay of Bothnia and the continent. Härnösand will be an excellent option for export and import volumes to North Sweden and an
The CMA CGM Group reported that during the CMA CGM KERGUELEN first call at the Port Klang Port Terminal in Malaysia, the terminal set up a unique arrangement for the vessel: no less than 12 cranes were simultaneously used to match the vessel's exceptional length (398 meters) and capacity
The 398-meter-long containership CMA CGM Kerguelen made its first call at the Port Klang Port Terminal in Malaysia, arriving to a very unique arrangement, the CMA CGM Group announced. No less than 12 cranes were used simultaneously to match the vessel's exceptional length and capacity (17
The Port of Montreal is expecting a banner year of tourism. The emergence of spring marks the beginning of a brand new cruise season, says Tourisme Montréal. With no fewer than 19 ships expected, including 5 new ones (the Oceania Marina, Oceania Insignia, AIDA Diva
Kotug Rotortugs RT Ambition and RT Evolution were charged with a special task this morning as they towed new cruise ship Viking Star on her first call to the Port of London. RT Ambition and RT Evolution towed Viking Star through the Thames Tidal Barrier on the Upper River Thames and assisted
The rise of alliances among shipping carriers and industry moves toward post-Panamax and ultra large cargo ships are pressuring many U.S. ports to address access restrictions. The widening of the Panama Canal, slated to open in 2016, will further intensify the need to accommodate larger ships
A series of huge explosions shook the warehouse at Tianjin Port International Logistics Center in the northern Chinese city of Tianjin late Wednesday, killing at least 44 people and injuring hundreds more, according to officials and state media.
Shipping company SC Line has started up service between Fort Lauderdale's Port Everglades and Cuba, reports Sun Sentinel. The cargo and cruise vessels no longer require a special license to ply between US and Cuba. SC Line can serve the Cuban seaports of Mariel and Santiago
Press release- This year’s cruise shipping season in Kiel was ending on Tuesday October 20th with a visit by the “AIDAcara”. Overall the port registered 133 calls this year by 25 different ships with a total tonnage of more than 8.6 million GT (an increase of 19.4% over last year)
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