Ocean Services, a member of the Stabbert Maritime Group of Companies, has acquired the Ocean Carrier, an 279 ft X 59 ft deep-water construction vessel in order to expand their commercial fleet. This new asset marks Stabbert Maritime’s strategic move toward deep-water construction including ROV support, saturation dive support, and core drilling operations. The Ocean Carrier is currently under complete rebuild at Stabbert Maritime’s satellite yard in Houston, Texas. The refit consists of installing a new Dynamic Positioning (DPII) Kongsberg control system, 200-ton crane, and high end interior package. The Ocean Carrier is set for completion on July 15th. Primary characteristics of the Ocean Carrier include open deck space of 9,150 ft, total horsepower in excess of 12,000hp for running propulsion, dynamic positioning, deep-sea construction equipment, and accommodations for over 50. Special emphasis should be given to the hydraulic pedestal crane with a hook height of 394 ft and lifting capacity of 200t on single part line. (www.stabbertmaritime.com)
Horizon Lines, Inc., (NYSE:HRZ), a domestic ocean shipping and integrated logistics company, has been named Jones Act Carrier of the Year for 2008 by Walmart Stores, Inc. The award is presented each year to a domestic ocean carrier to recognize best-in-class schedule reliability and exceptional customer service. The award was presented at a meeting at Walmart's headquarters in Bentonville, AR on May 12. "Horizon Lines' overall dedication to customer service, operational excellence
Total container capacity supply by ocean carriers on the three main east/west shipping trades rose by an average of 5 percent in 2001 despite the recent attempts of several carriers to remove excess capacity, according to a report released this week by ComPair Data Inc., a global ocean shipping research and information technology firm based in Jacksonville, Fla. Several ocean carriers in the transpacific and Asia/Europe routes made capacity cut-backs in the last three months of 2001
The US Court of Appeals for the Second Circuit ruled that the Carmack Amendment does not apply to ocean carriers that utilize an intermodal bill of lading. In the instant case, plaintiff cargo owner contracted with defendant ocean carrier for the transport of cargo from Rotterdam to Colorado via the port of Houston. The cargo arrived in Houston. Plaintiff directed defendant to hold the cargo because the consignee had not yet tendered payment
Descartes Systems Group announced that ocean carriers and nonvessel operating common carriers (NVOCCs) have selected Descartes' Japan Ocean Advanced Filing Rule (AFR) solution to help them comply with Japan's new advanced cargo security initiative, which takes effect March 10, 2014. Japan's AFR mandate requires ocean carriers and NVOCCs to electronically submit data to Japan Customs on maritime container cargo intended for a port in Japan no later than 24 hours before departure of
Cargo growth between Asia and the Middle East/Indian Subcontinent region was poor in 4Q 13, indicating that ocean carriers need to seek economies of scale and to look for more profitable ways of serving the trade lane, finds Drewry's latest Container Insight Weekly in a trade route analysis. The following is a brief extract: Cargo shipped from Asia to the Indian Subcontinent (ISC) and Middle East region (including the Red Sea) averaged 502,000 teu/month in the final quarter of last year, 8
Network Pipeline has introduced Crew Vision 2001, an Internet-based personnel logistics database tool for use by fleet personnel departments in the marine industry. The new system can be used for commercial shipping lines and passenger cruise lines internationally. Based in Fort Lauderdale, Fla., Network Pipeline's Crew Vision system provides ocean carriers and passenger cruise lines with a paperless solution in regards to crew management.
Horizon Lines, Inc has confirmed federal agents served search warrants and a grand jury subpoena relating to an investigation of pricing practices of ocean carriers operating in the trade. Horizon Lines is cooperating fully with the government officials. The company has not been informed of the specific subject matter of the inquiry, being conducted by the U.S. Department of Justice's Antitrust Division. Horizon Lines does not expect the government inquiry to impact the service
US-based XVELA, creators of a cloud-based vessel stowage and collaboration platform for ocean carriers and terminal operators, has announced that a wave of new terminal operators and shipping lines have signed on for pilot programs to put the XVELA platform to the test. The first wave of terminal operators and shipping lines have signed on for pilot programs to put the XVELA platform to the test.
The restructuring of the ocean carrier alliance system, triggered by merger and acquisition activities by shipping companies, is a logical business development, but if not carefully monitored and regulated, could also represent a move toward reduced services for shippers, said Mario Cordero, Chairman of the Federal Maritime Commission (FMC). Cordero articulated this concern during remarks he made at the 2016 International Trade Symposium hosted by the Virginia Maritime Association in
If both APL and UASC are included within their new parents, the top five ocean carriers now control approximately 54 percent of the world’s containership fleet, says Drewry. In 2015, the top 10 carriers were close to controlling 90 percent of the market
The ocean carrier APL has announced three additional ports of call for the weekly Asia Latin America Service (ALX). Including Callao, Da Chan Bay and Valparaiso, the expanded ALX service will offer a more comprehensive coverage across Asia, Manzanillo in Mexico
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
In this white paper, Drewry consultants investigate the drivers behind the accelerating use of new e-business models and online platforms in international shipping transactions and assess the implications for freight forwarders, ocean carriers and those investing in the technology and
Hamburg-based ocean carrier Hapag-Lloyd said its shareholders approved all items on the agenda at Annual General Meeting, mainly the share capital increase needed for combination with United Arab Shipping Co (UASC). "The main matter regarded creating the capital
Drewry’s Global Freight Rate Index, a weighted average of spot container freight rates across all major routes except intra-Asia, swung back in July by 13% to reach $1,403 per 40ft box. The global spot rate index had dropped to an all-time low of $1,113 per 40ft container in April.
When Hanjin Shipping, Korea's largest and one of the world’s top ten container carriers, filed filed for court receivership after losing the support of its banks, its assets left frozen as ports from China to Spain denied access to its vessels.
Effective immediately, The Port of Virginia will not be accepting any inbound Hanjin cargo (freight for export) at any of the port’s marine or intermodal terminals. The port, however, will accept empty Hanjin containers at the PPCY.
Ocean Carrier CMA CGM reported a net loss of $128 million for the second quarter of 2016, compared to a net gain of $156 million for the second quarter of 2015. Its revenue declined to $3.5 billion ($3.3 billion excluding the contribution from Singapore’s Neptune
A Transpacific shipping route linking Asia and the U.S. will add weekly Port of Oakland stops beginning in November. The Port said that Oakland will become the sixth stop in the service operated by three Asian shipping lines.
Port of Long Beach container throughput lagging behind record-setting 2015 August exports surged 14.8 percent through the Port of Long Beach compared to the same month in 2015, but lower imports drove overall volumes down, the port reported.
Governor Terry R. McAuliffe on Wednesday announced that The Port of Virginia has signed a new, long-term lease for Virginia International Gateway (VIG) that clears the way for the port to begin work on doubling capacity at the deep-water container terminal.
Agility Logistics, a leading global logistics provider, has signed an agreement with Maersk Line, to cut CO2 emissions by 15% per container transported for Agility shipments by 2020. The agreement is part of Maersk’s Carbon Pact Challenge
APL, part of the CMA CGM Group, received the 2016 Quest for Quality Award for its outstanding performance in the transportation and logistics industry in Orlando, Florida, USA. Ranked amongst the top 10 Ocean Carriers by Logistics Management
Drewry says that the container shipping world is shrinking as M&A and carrier failures increase. Is reduced competition the real cost of low rates? The container shipping world is getting smaller. Hanjin Shipping may continue as a regional Intra-Asia carrier if its survival plan