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
Maersk Line announced it has today ordered 11 new ultra-large second generation Triple-E containerships from Daewoo Shipbuilding & Marine Engineering (DSME). Ordered to replace smaller, less efficient ships in the Maersk Line fleet
Maryland Lt. Governor Boyd Rutherford, along with congressional, state and local officials, officially welcomed Denmark-based Maersk Line, part of the Maersk Group and the world’s largest container shipping company, to the Helen Delich Bentley Port of Baltimore.
American Cruise Lines announced the name of its new Mississippi paddlewheeler – America – currently under construction at Chesapeake Shipbuilding in Salisbury, Md. The America is American built, flagged and crewed, which is symbolic of the true all-American experience
Pearl Seas Cruises plans to launch a series of “cultural voyages” from the United States to Cuba beginning in the spring of 2016, the cruise line announced today. Offering 7- to 10-night voyages aboard the line’s newest vessel, the 210-passenger luxury ship Pearl Mist
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
A few weeks after Carnival Cruise Line announced plans to move the Carnival Liberty and Breeze to Galveston, the cruise line announced the future homes of the Carnival Triumph, Elation, and Fascination. The moves will take place in 2016.
The maiden voyage of Crowley Liner Services’ new flat-deck barge will end on Monday when the barge is scheduled to arrive in San Juan with a full 400-load delivery. The vessel’s deployment is a major part of Crowley’s rapid response to the sudden departure of Horizon
Evergreen Line announced it will partner with Simatech, a feeder operator based in Dubai, in launching a joint Chennai-Colombo-Gulf Service (CCG) service next month aiming to improve its service on the India-Gulf trade. The CCG service will utilize four containerships of around 2
First Lady of New Orleans, Cheryl Landrieu, to Christen American Cruise Lines’ American Eagle riverboat American Cruise Lines announced the christening of its second Mississippi River paddlewheeler, the American Eagle, on April 25, 2015 in New Orleans
On 17 January 1955, Commander Eugene P. Wilkinson, USN, the first Commanding Officer of USS Nautilus (SSN 571) signaled the memorable and historic message “Underway on nuclear power.” Underway on LNG has an opportunity to signal an equally significant change in the merchant
Evergreen Line announced it will partner with COSCO and China Shipping in launching a joint China-Surabaya Express (CSX) Service. Evergreen said this comes in view of the increasing market demand resulting from significant trade growth between China and the ASEAN countries
Maersk Line announced that it has entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui O.S.K Lines (MOL) on the Asia to East Coast of South America trade. Two loops are covered under the agreement and will be served by 22 vessels in total
Neptune Orient Lines sells APL Logistics to Kintetsu World Express Neptune Orient Lines Limited (NOL) announced that it has completed the sale of its logistics business, APL Logistics Ltd (APLL), to Kintetsu World Express, Inc. (KWE) for an aggregate purchase price of $1
Ship Finance International Limited (SFL) has sold its holding of notes and warrants in Horizon Lines, Inc. for net cash proceeds of approximately $72 million. In April 2012, Ship Finance received $40 million of Horizon Lines second-lien notes and 9