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Lines Reports

Horizon Lines Experiences Minimal Disruptions from Earthquakes

Horizon Lines reported that the earthquake measuring magnitude 6.6, and several strong aftershocks including one measuring magnitude 5.8, that struck the Big Island of Hawaii on Sunday morning has not significantly impacted its operations. Inspections conducted Sunday found all cranes fully operational and minimal impacts to the Port of Honolulu. Power was restored late Sunday and a Horizon Lines vessel, the Horizon Pacific, made its normally scheduled port call and was successfully worked last night.


Gulf Platform Fire: Two Missing Four Badly Burned

Coast Guard search continues for missing personnel following blaze on an oil platform in the Gulf of Mexico The fire on a shallow-water drilling oil production platform began while workers were using a torch to cut an oil line, reports Associated Press, and was brought under control within hours. Eleven people were taken by helicopter to area hospitals or for treatment on shore by emergency medical workers. A sheen of oil about a half-mile long and 200 yards wide was reported on the


RFID Tracking for US Visitors

In an experiment, the US Department of Homeland Security (DHS) is deploying radio frequency identification (RFID) technology to track immigrants entering and exiting the country, according to a Hindu Business Line report. The RFID is an automatic identification method, relying on storing and remotely retrieving data using devices called RFID tags or transponders. Beginning July 31, the experiment applies to people without green cards entering the US with a visa to work, study or tour


ACL Sees 2Q Profits Tripled

American Commercial Lines reported that the company’s second- quarter profits nearly tripled on strong sales. The Jeffersonville-based company posted net income of $17.7m, compared with $6.03m during the same period a year ago. Sales increased 20 percent. The company announced last month it plans to hire 1,100 people over the next three years. (Source: Star report)


Horizon Lines Report Container Volume, Revenue, Up in Q3 2012

Horizon Lines' financial report shows volume improves 3.4%, & rate, net of fuel up 2.9% from a year ago. Sam Woodward, President and Chief Executive Officer comments on third quarter 2012 financial results: "Horizon Lines generated a 3.4% improvement in container volume and a 2.9% increase in container revenue, net of fuel surcharges, for the third quarter, relative to the same period a year ago," said Sam Woodward, President and Chief Executive Officer


Disney Tops Cruise Line Rankings in New Poll

Image courtesy of Disney Cruises

While overall customer satisfaction with cruise lines is high, nearly one in five customers experience a problem while on their cruise, according to the J.D. Power 2013 Cruise Line Satisfaction Report. Key findings: Disney Cruise Line (871) ranks highest in overall satisfaction among cruise line brands, followed by Royal Caribbean (838).   Price (53%) and past experience with brand (39%) are the two primary reasons for selecting a cruise line.


Horizon Lines Announces Senior Management Promotions

Horizon Lines, Inc., announced several key promotions and realignments of senior management responsibilities. John W. Handy is joining Horizon Lines as Executive Vice President. Reporting to him will be John Keenan, Senior Vice President and Chief Transportation Officer, Ken Privratsky, Vice President and General Manager, Alaska, Gabriel Serra, Vice President and General Manager, Puerto Rico, and Mar Labrador in his new position as Vice President and General Manager, Hawaii/Guam


Containershipping Takes a Nosedive

Plunging rates for chartering container vessels that carry consumer goods means a slowdown and losses for shipping lines in what is traditionally their busiest time of the year, according to a report on Bloomberg.com. As reported earlier today on MarineLink.com, MOL has revised its FY2011 downward, projecting a revenue drop of 6.3% from previous guidance. According to the Bloomberg report, fees for hiring vessels have fallen 9


Maersk Gains From US Military shipments

Maersk gains from US military's US$ 11.5 billion war shipments Maersk, owner of the world’s largest shipping line, has benefited the most from the U.S. military’s dependence on commercial lines, according to a report in 'Longshore & Shipping News'. The company, based in Copenhagen, received almost half the military’s $1.82 billion in contracts last year to ship supplies and equipment around the globe, most of it tied to Iraq and Afghanistan


Japan Ship Operator to Slash Bulk Ship Newbuild Orders

Daiichi Chuo K.K. may cancel ship orders, pare its fleet & sell new stock after getting emergency financing from shareholder Mitsui O.S.K. Lines Ltd. To help weather a slump in dry-bulk rates the company is in talks about canceling or delaying 10 of 60 on-order dry-bulk vessels as it heads toward a second straight annual loss, reports Bloomberg. The report adds that Nippon Yusen K.K. and Mitsui O.S.K., Japan's largest shipping lines


Barge Accident off Malaysia: 14 Lost

Image by Malaysian Maritime Enforcement Agency (MMEA)

 The Bolivian-registered Ocean Line 208 vessel, which was carrying sand, was hit by a huge wave at 4.20am today early morning and 14 people are feared to have drowned.   The barge carrying sand from Pengerang in Malaysia overturned after being hit by strong waves off Timur Tanjung


Maersk Line Gets New Head in China

Mike Fang. Photo from LinkedIn profile

 Maersk Line on May 21 announced that Mike Fang become the company's new chief of east - and central China. He joins with effect from 1 July 2015.    Fang has been head of Maersk Line North China since 2012. He replaces David Williams, who will become the new CEO of Safmarine.


SCI Back in the Black after 3 Yrs

  The Shipping Corporation of India Ltd (SCI), India’s largest shipping company and a Government of India Public Sector Undertaking having reported losses for last three financial years has made a dramatic turnaround,  reporting a net profit of Rs. 200


Tsakos Energy Navigation Reports 156% Increase in Q1 Profits

Photo: Tsakos Energy Navigation Ltd

 Greece-based Tsakos Energy Navigation Ltd (TEN) has reported first-quarter profit of $37.3 million from $14.6 million in Q1 2014 - a 156% Increase. On a per-share basis it has profit of 42 cents.   The results topped Wall Street expectations


Comark to Exhibit at Intelligent Ships Symposium

Comark, a designer and manufacturer of high performance computer and display solutions, will exhibit at the 2015 Intelligent Ships Symposium May 20-22, at the University of Pennsylvania Annenberg Center in Philadelphia.   The Intelligent Ships Symposium is a biennial event which provides a


Dynagas LNG Beats Profit Forecasts, May Add Five More LNG Tankers

Photo credit:  Dynagas LNG Partners LP

 With earnings, adjusted for amortization costs, profits came to 43 cents per share, Greece-based Dynagas LNG Partners LP (DLNG) exceeded Wall Street expectations.   The company is looking into the opportunity of acquiring five LNG carriers currently owned by the parent company Dynagas


Anti-Arctic Drilling Activists Hold 'Shell No' Protest in Seattle

Photo: Greenpeace USA

 Seattleites took a dramatic stand, er paddle, against Arctic oil drilling. Local Native Americans and concerned citizens took to kayak and canoe and surrounded a giant, Arctic-bound Royal Dutch Shell oil drilling rig currently making a layover in the Port of Seattle.  


Mistral Deal - A Storm Brewing at Sea

Mistral helicopter carriers. Pic by Defence Market Intelligence

 While France is seeking a way to cancel its contract to deliver two helicopter carriers to the Russian navy, Russia wants 1.163 billion euros ($1.32 billion) from France in compensation for nixing the deal.   President Francois Hollande is under pressure from Western allies to scrap


MOL, ML, MSC launch Joint Asia - South America Service

Joint Service

  Mitsui O.S.K. Lines (MOL) today announced the launch of new joint services with Maersk Line (ML) and Mediterranean Shipping Company (MSC) between the major trading hub of Asia and key ports in East coast of South America. MOL’s existing service ‘CSW’ will be upgraded


Maersk in Vessel Share Deal with MSC, MOL

Maersk Line has entered into a vessel sharing agreement with Switzerland-based Mediterranean Shipping Company (MSC) and Japan's Mitsui O.S.K Lines (MOL) on routes between Asia and the east coast of South America. "The VSA will simplify the network and improve operational responsiveness on


Asia-N.Europe Box Rates Plunge 23.6 pct Last Week

File image: a containership docked at a U.S. West Coast Terminal.

Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 23.6 percent to $658 per 20-foot container (TEU) in the week ended on Friday, data from the Shanghai Containerized Freight Index showed. The drop in freight rates on the world's busiest shipping


CMA CGM Reports Increased Net Profit in Q1

17,722 TEU vessel CMA CGM Kerguelen was delivered to the group on March 31 (Photo: CMA CGM)

Container shipping company CMA CGM’s board of directors met under the chairmanship of Jacques R. Saadé, chairman and chief executive officer, to review the financial statements for the first quarter of 2015.   For the first quarter of 2015


Profit Quadruples for CMA CGM

Image: CMA CGM

 French container line CMA CGM’s consolidated net profit soared to $406 million in the first quarter from $97 million a year ago as the French carrier capitalized on efficiency gains, cost cuts and sharply lower bunker prices.  


No Leakage from NYK Tanker in Tokyo Bay

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  On May 16 (Saturday) and 17 (Sunday), a few media outlets reported that crude oil had leaked from Takamine, a tanker operated by NYK Line, while the ship was discharging at JST 9:28 p.m. on May 15 (Friday) at Keihin Kawasaki sea berth (Kawasaki, Kanagawa prefecture) in Tokyo Bay.


Maersk Line to Increase Asia-Europe Rates

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Shipping company Maersk Line, owned by A.P. Moller-Maersk, plans to increase freight rates for transporting containers from Asia to Northern Europe by $800 per 20-foot equivalent unit (TEU) from June 1, it said on Tuesday. With a fleet of more than 600 vessels






 
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