P L Maneschi, Chairman of Lloyd Triestino di Navigazione SpA, has announced that with effect from 1 March 2006 the name of the shipping company will be changed to Italia Marittima SpA and will be known by the acronym ITS. Mr Maneschi said the new name Italia Marittima SpA reflects the company's ambitions to strengthen its Italian national identity worldwide whilst recognising almost 170 years' presence of Lloyd Triestino in the international shipping market. At the time the shipping company was established, on 2 August 1836, Trieste and the port were part of the Austrian-Hungarian Empire and the original name of the company was Oesterreicher Lloyd. On 3 January 1919, shortly after World War I, the name changed to Lloyd Triestino. The company continued as before, operating passenger and cargo vessels, being a leader on its traditional routes to the Indian Sub Continent, Africa and the Far East. In the 1970s, when containerisation started a revolution in cargo transportation and passenger liners were replaced by airlines, Lloyd Triestino, with its new vessels, became a pioneer in the containerised shipping business. In 1998, following the Italian Government's decision to privatise many state-owned companies, Lloyd Triestino was acquired by Taiwanese shipping giant, the Evergreen Group. The outcome proved extremely beneficial for the company.
Italian carrier Lloyd Triestino di Navigazione SpA and the French line CMA CGM have agreed on a joint cooperative agreement in the transpacific trade. This agreement, which is still subject to approval by the relevant governmental authorities, will consist of an exchange of slots between the TPX service of CMA CGM and the CPN/CPS loops of the China-West Coast North America service of LT. It will also enable both carriers to upgrade services for customers without adding to the capacity
The Port of Tacoma's North Intermodal Yard (NIM) handled a record 7,312 intermodal lifts (transfers of containers between ship and rail) from February 8-14. The yard, which serves Evergreen Marine Corp. (Taiwan) and "K" Line (Japan), is opening 2003 like it closed 2002. The previous one-week record was set at 6,825 lifts in October 2002 -- the first week after the West Coast labor lockout. Compared with January 2002, the Port of Tacoma cargo volume was up 35
Italy's Lloyd Triestino (LT) will offer its customers on the transpacific much faster transit times following the re-scheduling of the weekly HTW and TPN services. The changes to these services are expected to take effect in May 2001. The HTW service is operated under a slot-charter agreement with Evergreen. At the present time, it is operated by six 3,428 TEU vessels which round-trip in 42 days. By end May, these ships will have been replaced by one 5,364 TEU and three 4
Lloyd's Register, an independent quality and risk assurance firm, highlighted the momentum seen by the company in India. Mark Stokes - Group Communications Director for Lloyd's Register and R.S. Sharma - Chairman shared the overall progress the company has made in India, the advancements in power and energy sectors and the "Water Matters" campaign for water management. Lloyd's Register also underscored its strategy to strengthen its position in the growing Indian power and the energy
Hapag-Lloyd CFO Peter Ganz steps down from position; CSAV CFO Nicolas Burr appointed his successor Peter Ganz will step down from his position as company CFO effective April 1, 2015, also leaving the company on the same day, as announced during today’s meeting of Hapag-Lloyd’s Supervisory Board. The Supervisory Board has given its approval. The change on the Executive Board comes following an agreement between shareholders stipulating that CSAV
With its acquisition of CP Ships, it is said that Hapag-Lloyd now belongs to the Top 5 in global container shipping. In 2005, Hapag-Lloyd again increased its profit, improving slightly on the record level for the previous year. “The acquisition of CP Ships is a giant step forward in securing the future of Hapag-Lloyd and will also benefit the Hamburg economy. The strengths of the two companies complement one another superbly
Pictured is Mr. Pan Yan Zhong, Vice director of Tian Jin Xingang Shipyard, congratulated Germanischer Lloyd Dalian on the occasion. Current projects with Germanischer Lloyd include a series of 13,000 dwt Multi Purpose Vessels. With an open day and a ceremonial dinner Germanischer Lloyd has opened its new office facilities in Dalian last week. More than 150 representatives of new building and repair shipyards, ship owners and manufacturers of materials and components
Bureau Veritas is preparing an improved offer for presentation later this week to the shareholders of Germanischer Lloyd, as it pushes ahead with its plan to combine the strengths of the two societies to create a new global leader in ship classification, based in Hamburg. The original Bureau Veritas share acquisition offer was presented to Germanischer Lloyd shareholders on November 9, since which time other potential investors have reportedly declared an intention to acquire an interest
Hapag-Lloyd and CSAV binding agreement signed / In return for contributing its container business, CSAV becomes new core shareholder of Hapag-Lloyd / Hapag-Lloyd becomes the world’s fourth-largest liner shipping company Hapag-Lloyd AG and Compañía Sud Americana de Vapores (CSAV) today signed a binding contract on merging CSAV’s entire container business with Hapag-Lloyd, subject to the necessary approvals
German ocean carrier Hapag-Lloyd aims to launch preparations for an initial public offering (IPO) in September, which is sooner than it originally planned, as a result of strong financial results, says Reuters. Hapag-Lloyd’s solid second quarter financial performance
Merger with CSAV is expected to deliver $100 million higher synergies than targeted, strong operating results, significant increases in transport volume and revenue driven by the merger Container shipper Hapag-Lloyd said it has increased transport volumes and revenue as well as earnings
German container carrier Hapag-Lloyd is starting to see the commercial benefits of its integration with the container shipping arm of Compañía Sud Americana de Vapores (CSAV), which is now expected to deliver larger synergies than initially anticipated.
Lloyd's Register informs that new stability instrument requirements will apply to all tankers constructed (keel laid) on or after January 1, 2016. These ships will be required to fit an approved stability instrument, capable of verifying compliance with intact and damage stability requirements.
A flotation of a minority stake could value the world's fourth-largest shipping group German-Chilean Hapag-Lloyd AG at more than 5 billion euros ($5.5 billion) and could take place as early as autumn. Hapag-Lloyd AG has already mandated investment banks Deutsche Bank AG
Standalone West Africa Express service (WAX) offers improved transit times, connection to Hapag-Lloyds global service network. Effective August 10, Hapag-Lloyd will offer its customers an improved service between West Africa and Northern Europe, the company announced today
Crystal Cruises announced an expansion plan under new owners Genting Hong Kong that includes three 1,000-passenger vessels, its first new ships in decades. Plus, Crystal will expand into adventure, yacht and river cruising, and luxury jet trips.
As Singapore's sovereign wealth fund, Temasek, readied is to sell Neptune Orient Lines (NOL), the market has been rife with merger talk with Hong Kong's Orient Overseas International Ltd (OOIL) and Hamburg's Hapag-Lloyd being leading candidates.
German shipping company Hapag-Lloyd relies on chemical-free UV ballast water treatment from GEA for fitting its containership fleet. In April 2015, the BallastMaster ultraV 500 was technically accepted on board Panamax containership London Express (shipboard acceptance approval).
Lloyd’s Register North America, Inc. (LR) has teamed with Penn Oak Energy Corp to help companies raise capital and mitigate the technical risks associated with retrofitting ships fuelled by liquid natural gas (LNG), by providing a one-stop-shop solution to the industry.
The G6 Alliance has strengthened its Asia-Europe service by adding additional ports. The G6 alliance, consisting of APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Orient Overseas Container Line
Container shipping line Hapag-Lloyd AG’s supervisory board has appointed Thorsten Haeser as a new executive board member in charge of Hapag-Lloyd’s global sales activities as chief commercial officer (CCO). Haeser, a law graduate, is currently managing director of Versatel GmbH
As one of the top global carriers Hapag-Lloyd offers a comprehensive service network and will add port of Halmstad, Sweden to the Nordic Short Sea Network. As of September Hapag-Lloyd will offer a weekly call in Halmstad, Sweden. With the existing Sweden Denmark Express Service (SDX)
Largest reefer order in Hapag-Lloyd’s history spurred by growth opportunities in the South American trade lanes Hapag-Lloyd is investing a double-digit million amount in its container fleet and has ordered 6,000 (12,000 TEU) of the latest generation of reefer containers
German container shipping group Hapag-Lloyd aims to launch preparations for a stock market flotation in September, earlier than initially planned, four sources familiar with the transaction told Reuters on Thursday. That would permit the company's shares to trade on the Frankfurt stock exchange