Royal Olympic Cruise Lines announced that the Greek court administering the section 45 proceeding regarding its subsidiaries has allowed the company an extension until Thursday, February 12, 2004, to reach agreement on a plan of restructuring with the holders of at least 51% of outstanding obligations. The company is in negotiations with its major creditor, Fortis Bank, which itself holds more than 51% of the total obligations. In addition the company announced that it has put all administrative staff in Greece on unpaid leave pending the outcome of the court ruling and discussions with financial institutions and various creditors.
Maersk Line announced that unsustainable rates and continued improved demand led to rate increases effective 1 May 2009. The filed increases are as follows on eastbound services from Northern Europe, North Africa and Mediterranean to the Middle East and South Asia: - USD 100 per 20' dry container - USD 200 per 40' dry container The increase applies equally to all cargo and commodities, excluding reefers.
SC Line announces the addition of another 1/4 ramp RoRo vessel into its fleet, MV 'Mosel Ace'. In line with its strategic and strengthening position in the Americas, SC Line introduces Mosel Ace to serve initially the US East coast from Baltimore to Zarate where it would reposition in the short term to call specific ports between Colombia, Argentina and Brazil. The new ship is 176m in lenght, 31m breadth, and of 12,743 dwt, equipped with a 120 mt 1/4 ramp.
Maersk Line announced that it reached its 2020 target of reducing CO2 emissions by 25% from its benchmark 2007 levels. “We are proud to hit this mark 8 years ahead of schedule. It is confirmation we’re on the right track. And to keep that momentum we’re raising the target to a 40% reduction in CO2 by 2020,” says Morten Engelstoft, Chief Operating Officer, Maersk Line. “Maersk Line’s focus on energy efficiency has made the company significantly
Maersk Line announce that they find it necessary to implement general rate increases from the base rate. The new container freight rates will be effective 1, April 2013 as follows: US to Northern Europe General Rate Increase: USD 200/300/300/300 per 20′/40′ standard/40′ high cube/45′ high cube dry Northern Europe to East and Gulf Coast of US General Rate Increase: USD 200/300/300/300 per 20′/40′ standard/40′ high cube/45′ high cube
American Cruise Lines announced today that it launched the new paddlewheeler being built for the Mississippi River at Chesapeake Shipbuilding in Salisbury, Maryland. Immediately after being launched Sunday into the Wicomico River, tugboats nudged the new riverboat into Chesapeake Shipbuilding’s East Outfitting Basin where the upper decks and outfitting will be completed. “This is a significant milestone in the construction process and also for American Cruise Lines
American Commercial Barge Line announced the following appointments: Larry Cornett, Keith White and Reuben R. Bush have joined ACBL as Fleet Managers in the Planning Center. James Benjamin Chandler, Theus Slemmons and Jackie Hansford have been named Dispatcher in the Logistics Department. Donald N. LaVigne, Jr. has joined ACBL as Boat Com Operator in the Logistics Department. Scott W. Nelson has joined ACBL as Oracle DBA Administrator and Betty Waggoner has been named PeopleSoft
In what perhaps will become one of the most ambitious and widely publicized ship launching this Century, Cunard Line announced the itineraries for Queen Mary 2's maiden voyage at a press conference held in New York this morning. The vessel, which is expected to be the largest ocean liner ever constructed, will include a traditional six-day transatlantic crossing, Caribbean voyages from New York, Rio de Janeiro sailings at Carnival time and journeys to Europe and the Americas are just a
Exactly one month to the day that P&O Princess and Royal Caribbean Cruise Lines announced that they would merge to form a $6 billion cruise corporation, Micky Arison's powerhouse Carnival Corp. approached P&O with a $4.59 billion proposal. As reported in today's Wall Street Journal, P&O Princess, which initially rejected Carnival's offer, has now reconsidered and is currently weighing all its options of a possible merger with the "world's largest cruise line
Repositioning cruise follows early completion of American Cruise Lines’ 'Queen of the Mississippi' authentic riverboat construction Newly built and completed, American Cruise Lines' Queen of the Mississippi docked at Chesapeake Shipbuilding in Salisbury, MD, before leaving for New Orleans. American Cruise Lines announce that its brand new authentic paddlewheeler, Queen of the Mississippi, has received its Coast Guard certificates and six weeks ahead of schedule has left
Holland America Line announced today that effective Dec. 1 Orlando Ashford will join the company as president to lead the award-winning cruise line's brand and business, including its fleet of 15 premium vessels carrying approximately 850,000 guests annually to all seven continents
Expansion will introduce new style of river cruising in the United States. American Cruise Lines announced today its plans for the construction of a new fleet of modern riverboats, which will add a new dimension to river cruising in the United States
In honor of World Cancer Day, Holland America Line announced that to date, the guests and employees of the company have raised more than $4.3 million for cancer support through “On Deck” programming that began in 2006. Currently
Danish conglomerate A.P. Moller-Maersk may announce a second share buyback scheme in its 110-year history as early as Wednesday, analysts said, allowing it to reward shareholders as its oil unit takes a battering from a slump in prices. Further divestments from its large portfolio of companies
The G6 Alliance, which consists of members APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Orient Overseas Container Line, announced the cancellation of two Asia-Europe sailings in response to seasonal changes in market demand.
COSCO, K Line, YangMing, Hanjin and Evergreen Line announced that the five parties have agreed in principle to establish a shipping alliance. To be operational only on the trades between Asia and Europe, including the Mediterranean region, it will be called the CKYHE Alliance.
Holland America Line announced their new “K’s for Kids” donation program with the Seattle Mariners in a pre-game ceremony at Safeco Field on May 29. For every strike out recorded by a Mariners pitcher at Safeco Field through the end of the 2014 season
Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called "K" Line) announced delivery of "GALAXY RIVER", an 82,200 cbm-type LPG Carrier at Sakaide Shipyard of Kawasaki Shipbuilding Co., Ltd., Japan on June 27, 2014.
Maersk Line announces cooperation on the East-West trades with MSC Maersk Line today announced a 10-year Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) on the Asia-Europe, Transatlantic and Transpacific trades. The VSA, to be referred to as 2M
Global container carrier Evergreen Line announced enhancements to its services to/from Dublin (Ireland) and Liverpool (Northwest England). From its hub in Rotterdam, the line will offer a twice-weekly service to Dublin and dedicated slots on a weekly basis to Liverpool.
Cunard’s Queen Victoria to undergo multimillion dollar refit at Blohm & Voss Shipyard in January 2015, nearly one year ahead of its planned December 2015 maintenance. Cunard Line announced last week that its liner Queen Victoria will enter the Blohm & Voss Shipyard in Hamburg
Evergreen Line announced it will partner with Mariana Express in launching a joint South China- East Malaysia (SEM) Service. The new initiative will give a boost to the service offered to shippers on this important sector of the Intra-Asian trade, the liner company said.
Maersk Line announced the opening of a new container depot at Nexus Industrial Estate in Altona, Australia, officially opened by Victorian Minister for Ports and Major Projects, the Hon. David Hodgett MP. Through taking over a 5ha facility
Horizon Lines announced that it would cease providing liner service between the U.S. and Puerto Rico by the end of 2014 due to continuing losses without the prospect of future profitability. Sea-Land Service, Inc. ("Sea-Land") pioneered the marine container shipping industry and
Maersk Line said it has achieved improved results in the third quarter of 2014 (Q3) through lower costs and increased rates. Revenue in Q3 was $7.074 million, as volumes increased by 3.7% to 2.4 million FFE. Maersk Line said its strategy is to grow with the market and the increase is in line