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Crowley Restructuring Announced

Crowley Maritime Corp. is planning a significant strategic restructuring that will result in a more decentralized ocean cargo transportation company once the sale of its South America liner services to Hamburg Sud is complete. Having completed this assignment, P. Elliott Burnside will leave the position of president of Crowley American Transport to establish his own industry consulting service, which Crowley will utilize. The company will not replace Burnside and will instead restructure its liner services into two major business units. Puerto Rico and Caribbean Liner services will be led by John Douglass, vice president and general manager, Puerto Rico and Caribbean Services, while Central America and Mexico liner services will be led by Rinus Schepen, vice president and general manager, Central America & Mexico Services. Crowley's South America liner services will continue to be run by Frank Larkin, vice president and general manager, South America Services, until the sale of these services is finalized.

EU Extends Shipping Consortia Competition Waver

The European Commission extended for five years a block exemption allowing shipping companies to form consortia covering the transport of cargo. The Commission said the block exemption automatically covered liner shipping consortia that have a market share of below 30 percent. The decision confirmed the Commission's favorable attitude towards liner shipping consortia, which "usually allow shipping lines to rationalize their activities and achieve economies of scale

MOL (Canada) Inc. to Serve Canadian Liner Market

Effective August 1, 2013, Mitsui O.S.K. Lines, Ltd. will begin operating in Canada as MOL (Canada) Inc. MOL (America) Inc. and Montship, Inc. today jointly announced that their liner agent agreement will expire on July 31, 2013. Montship has successfully represented MOL’s Canadian liner services for over 53 years and both MOL and Montship are pleased with the long-standing partnership. All other agent agreements between MOL’s non-liner divisions and Montship will continue

Hamburg Süd to Acquire CCNI Liner Service

CCNI Antillanca (Photo: CCNI)

Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile, and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg, Germany, announce that they have signed a preliminary agreement whereby HSDG will acquire the container liner activities of CCNI including the related general agency functions subject to due diligence

HMM Appoints ISS for Australian Business

  Hyundai Merchant Marine (HMM) announcec that its Australian container liner business will be handled by Inchcape Shipping Services (ISS), effective February 1, 2015. Both HMM and ISS are working closely together to ensure that the change over to the new agency is a seamless transition with the head office of the agency situated in the same St Leonards office as at present, the companies said, adding that all Import and Export customers can expect ‘business as usual’

Liner Sector Consolidation

Graph: Clarksons Research

 What does the story of the collapse of Korean container shipping line Hanjin  illustrate in terms of the journey undergone by the liner sector in modern times? Clarksons Research analyses the biggest headlines that the container, or any other, shipping sector has seen over the last few decades.   Clarksons's research report writer, Trevor Crowe says that container shipping’s September headlines were dominated by the downfall of Korean liner company Hanjin

First Iran-made Liner Set for Launch

The first Iran-made ocean liner, named Iran-Arak, will be launched next week, Iran Mania reported. The Iran-Arak is the largest ocean liner constructed by a Middle Eastern country, adding that the project was undertaken by Iran Offshore Industries Company at a cost of $35 million. The vessel is one of the five shipbuilding projects implemented at the company and took two years to complete. It will have the capacity to carry 2,130 containers

Isramco Bids to Purchase Luxury Cruise Liner

Isramco, Inc., bid for a luxury cruise liner at an auction held on March 19 under order of the United States Bankruptcy Court, Southern District of Florida. The Court entered an order on March 19, 2004 authorizing the sale to the Company of the cruise liner, on an as is basis and free and clear of all liens and claims, for a purchase price of $8,050,000. The Company is required to consummate the purchase of the vessel by March 29.

Coast Guard on Alert for Toxic Ship

The U.S. Coast Guard and the Guam Environmental Protection Agency are on alert for the possible arrival of the contaminated cruise liner, SS Independence, which is reportedly heading to Guam after being refused entry in Hawaii, The Variety reported. SS Independence, which is believed to be loaded with toxic polychlorinated biphenyls or PCB and lung-damaging asbestos, is being pulled by the tug ship Pacific Hickory, on the way to India, where the 57-year-old cruises liner will be scrapped

SS United States: Deal Reportedly brokered to Save Historic Ship

(Image: Maritime Reporter & Engineering News)

A deal has been brokered to save the historic liner SS United States, with full details scheduled to be announced in New York City on Thursday, February 4, 2016.   Once the queen of the express liners, and the fastest, safest and biggest passenger liner in history, the SS United States for years has quietly awaited rescue in Philadelphia.   Built by Newport News Shipbuilding and Drydock Co. (now Huntington Ingalls Industries (NYSE: HII) and designed by legendary  William

Crowley Hits Milestones in Puerto Rico Investment

A view of the starboard side of  El Coquí under construction.  (Photo courtesy of Crowley)

Highlighting the economic impact under the Jones Act of its $500 million investment in the trade between the U.S. mainland and Puerto Rico, Crowley Maritime Corporation’s liner services group reached new milestones in its construction of two new

Panama Canal Cargo Tonnage Zooms

Photo Panama Canal Authority

Strong container traffic, newly introduced segments and the Expanded Canal all contribute to the 330.7 million tons of goods welcomed through the Canal in FY16, the third highest amount ever recorded.    Panama City, Panama, October 20

APM Orders 12 STS, 32 ARMGs Cranes

APM Terminals Medport Tangier port development photo APM

APM Terminals has announced orders for 12 remote-controlled Ship-to-Shore (STS) cranes and 32 Automated Rail-Mounted Gantry Cranes (ARMGs) to equip the new five million TEU* APM Terminals MedPort Tangier facility now under construction at the Tanger-Med II port complex.

GE Completes Queen Mary 2 Upgrade

Queen Mary 2  (Photo: GE)

GE’s Marine Solutions recently provided an extensive upgrade service to one of the world’s most famous ocean liners, the Queen Mary 2 (QM2). The upgrade service with new technology supplied by GE was completed in just 18 days.

Busan: Business May Not be As Usual, Post Hanjin

Photo: Hanjin Shipping

Though Busan Port, the largest customer of Hanjin Shipping and hit hardest by the Liner's collapse,  asserts that everything is under control, doubts are being raised on Hanjin rehab plan as ships clog at the South Korean port, reports Reuters.  

New Vessel Traffic Equipment at ABP Southampton

Shipping Minister John Hayes CBE MP (front row, third from left) at ABP Southampton with James Cooper, chief executive at Associated British Ports (front row, far left), Alastair Welch, port director at ABP Southampton port director (back row, far right) with staff at ABP Southampton (Photo: ABP)

Associated British Ports marked the latest in a series of multi-million dollar investments in the port of Southampton by inviting the Rt Hon John Hayes CBE MP to open its brand new vessel traffic service (VTS) operating room, (September 21).  

South Africa Raids Boxship Operator's Offices

File Image: a CMA CGM boxship alongside and loading cargo. (Credit: Marad)

Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies comprise local subsidiaries of Denmark's Maersk

COSCO Ports Arm Inks Terminal Deal in Abu Dhabi

Photo: Abu Dhabi Ports

Abu Dhabi Ports has signed a container terminal concession agreement with COSCO SHIPPING Ports Limited - Abu Dhabi (CSPL SPV), a wholly-owned subsidiary of container terminal operator COSCO SHIPPING Ports Limited, a subsidiary of China COSCO SHIPPING Corporation Limited.  

Container Shippers Raided in S.Africa over Suspected Collusion

File photo: Maersk Line

Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said.   The development comes as global container lines struggle in

Hapag-Lloyd Invests in its Reefer Fleet

Photo: Hapag-Lloyd

Announcing further investment in container fleet, liner shipping company Hapag-Lloyd has ordered a total of 5,750 refrigerated containers (reefers) of the latest generation – including 5,000 x 40-foot and 750 x 20-foot units. In addition, 1

Hanjin Shipping to Lay Off U.S. Staff

Photo: Hanjin Shipping

 South Korean liner carrier Hanjin Shipping has announced job cuts in the U.S., but says the move is not connected to its failure and filing for bankruptcy protection, says a report in Bloomberg.   Hanjin will lay off about 180 members of its 500 person workforce in the United States

DCNS Mulls Buying Stake in STX France

Photo: STX France

The head of the French state-controlled naval defence group DCNS said on Wednesday it was "closely studying" a possible stake purchase in STX France, a shipyard subsidiary of the struggling South Korean conglomerate STX Corp.  

Crowley Liner Services Earns AQUA Lane Certification

Photo: Crowley

Crowley Liner Services said it has been certified by U.S. Customs and Border Protection (CBP) as part of the new Marine Port Terminal Operator (MPTO) designation, known as the AQUA Lane program, which essentially gives the shipper a “fast lane” for cargo operations by allowing incoming

Cosco Raises $1.8bln Capital

Photo: COSCO

 China’s COSCO Shipping Development Co Ltd  announced a proposed nonpublic issuance of about 3.28 billion shares to specific investors, including its parent company, to raise up to 12 billion yuan ($1.79 billion), reports China Daily.  

Belgium Delegates Visit NYK

Photo: NYK Line

 Geert Bourgeois, Minister-President of the government of Flanders; Claire Tillekaerts, CEO of Flanders Investment and Trade; and accompanying delegates visited the NYK head office and met with NYK board counselor Koji Miyahara, senior advisor Takao Kusakari

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