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 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
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
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
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
After agreeing to expand the successful G6 Alliance to the transpacific trade earlier this year, the six member lines announced the port rotations of their new comprehensive and competitive service portfolio. The new expanded cooperation will start in May with six coordinated services in the Asia-to-North America East Coast trade. It will deploy more than 50 efficient vessels with capacities between 4,500 and 8,000 TEU to connect about 30 ports in Asia
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.
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.
Four new ACL Vessels to Enter Service between 2015 & 2017 and to Operate on U.S. Rivers American Cruise Lines announced plans to build four new riverboats for American river cruising, and noted that construction has already begun on the first two ships
DCT Gdansk and Maersk Line announced the arrival of the first Triple-E class vessel – Mærsk Mc-Kinney Møller – to DCT Gdansk container terminal on her maiden voyage from Asia to Europe. The arrival of the world’s largest container ship in Gdansk is a memorable moment
Carnival Cruise Lines has appointed four esteemed maritime and transportation industry experts – Rear Admiral Mark H. Buzby, Rear Admiral Joseph F. Campbell, Ray Valeika and Dr. John K. Lauber -- to the company's new Safety & Reliability Review Board.
Horizon Lines announced that it will expand its Gulf service to offer shippers a Tuesday sailing every other week from Jacksonville to San Juan. Adding the Jacksonville call also creates a high-speed, over-the-weekend marine option through Houston for cargo bound for southeastern destinations
MTN and Norwegian Cruise Line (Norwegian) announce that a new record for social media usage at sea was set during Norwegian Breakaway’s New York inaugural events. MTN delivered the communications services for its partner, Norwegian, enabling this social media breakthrough that helped
Maersk Line announce that the ‘Tahiti Express’ service to/from French Polynesia will close down at end of April 2013. The last vessel sailing on the Tahiti service is the BC San Francisco, 1317, expected to depart (ETD) from Auckland (New Zealand) on 23 April 2013 and expected to
New Dining Options and Entertainment Concepts Introduced Onboard. Royal Caribbean International’s Serenade of the Seas has reemerged from its three week $29 million drydock at Navantia Ship Yard in Cadiz, Spain, with a host of new dining concepts
And More Good News: Partnership With Two Cruise Lines Announced The Port of Houston Authority will partner with Princess Cruises and Norwegian Cruise Lines to offer new services from the Bayport Cruise Terminal, it was announced at the Nov. 15 Port Commission meeting
American Cruise Lines announces that the first authentic paddle-wheeler in 20 years will set off on first cruise after christening. “The christening of Queen of the Mississippi is a meaningful way to celebrate the official launch of American Cruise Lines service on the Mississippi
Troy Container Line has announced a new agency partnership with the European-based CARGOLINES. The partnership comes just a year after Troy Container Line initiated its direct service to France and is a natural evolution of the success and growth the company has had in the French
American Cruise Lines’ first Alaskan cruises aboard 'American Spirit' applauded American Cruise Lines announce that its inaugural season in Alaska aboard the American Spirit has begun, with its opening 11-night Seattle-to-Juneau cruise having just been successfully completed
American Cruise Lines announce new 8-day roundtrip Puget Sound cruises from Seattle aboard 'American Spirit' American Cruise Lines announce the addition of a new itinerary for 2013 – Puget Sound and San Juan Islands . Offered aboard the 100-passenger American Spirit
Troy Container Line announced it will open a new container freight station on June 1, 2012 in Savannah, Georgia. Located just eight miles from the Port of Savannah, the new CFS location is strategically placed between Charleston and Miami