Marine link
 

Ocean Carriers

Ocean Services Expands Offshore Fleet

oceancarriercrane_web.jpg

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, Wal-M Jones Act Carrier Award

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


Ocean Carriers: Marginal Impact from Capacity Cuts

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


Ocean Carrier Can’t Use Carmack Amendment

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


Ocean Carriers and NVOCCs Select Descartes

descartes.png

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


Asia-Middle East/India Cargo Growth Poor in Q4 2013: Analysts

File photo CCL

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


B+H Ocean Carriers Announces Vessel Acquisitions

B+H Ocean Carriers Ltd. Has acquired a 1993-built, 83,000 DWT Combination Carrier to be renamed MV SAKONNET for $36.4 million. The purchase, made effective as of January 15, 2006, also reflects the continuation of a five-year Time Charter which commenced in October, 2005. The purchase was effected through an existing tax lease structure with the Company as disponent owner through a bareboat charter party. Additionally


Network Pipeline Forges Ahead With Crew Vision 2001

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 Issues Statement on Antitrust Investigation

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


Horizon Launches Int’l Non-Vessel Ocean Shipping

Horizon Logistics, LLC, has launched an international ocean shipping service to offer supply chain solutions to U.S. importers and exporters. Horizon Logistics has been licensed by the U.S. Federal Maritime Commission (FMC) to operate as a non-vessel operating common carrier (NVOCC).  As an NVOCC, Horizon Logistics is able to issue its own bills of lading and public tariffs, utilizing the service of vessel operating partners


$1.7 billion NOL Up for Sale. Will Hapag-Lloyd Buy?

Photo: NOL Group

 Singapore Sovereign Wealth Fund Temasek Holdings has put Neptune Orient Lines (NOL) up for sale, says a Wall Street Journal (WSJ) report.   The WSJ reported that Temasek was in talks with one buyer in recent months but the two sides could not agree on a price for the loss-making


Hapag Lloyd IPO Valued at Over $5.5 Bln

Photo: Hapag-Lloyd AG

 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


Maersk Starts Weekly Service through Port of Jacksonville

JAXPORT. Photo by Port of Jacksonville

 The Port of Jacksonville (JAXPORT) has welcomed the 4,400 teu AS Mariana, the first ship in Maersk Line’s new weekly service to Asia through at the port’s Blount Island Marine Terminal.   JAXPORT has officially announced the addition of the world’s No


CMA CGM to Reinstate Iran as Port of Call

Photo: CMA CGM

 The Marseille-based French company CMA CGM S.A has announced readiness to start operation in Iran on August 6.    CMA CGM,  the world’s third-largest shipping line in terms of container vessel capacity,  will add Shahid Rajaei port in Iran to its Asia-Europe loop


ZIM Expands Asia-ECSA Services

Pic by ZIM Integrated Shipping Services Ltd

 Israeli container carrier ZIM is expanding its Asia – South America East Coast (SAEC) via the Suez Canal at the end of May. The new service, Asia – East Coast Brazil (AEC), a collaboration with the SSA group, will allow ZIM to offer a second weekly service on this trade


Freight Logistics Implements CargoSphere Rate Technology Platform

Photo: CargoSphere

CargoSphere, a cloud-based global rate management solution and confidential Rate Mesh for the ocean and air transportation and logistics industries, has announced that Freight Logistics, a global freight forwarder and logistics service provider, has implemented the CargoSphere technology platform


Crowley Invests in Puerto Rico Port Infrastructure

Front: Ingrid Colberg, Executive Director, Puerto Rico Ports Authority, and Jose Francisco Nazario, director, finance, Crowley. Back: Edwin Rodriguez, Chief of Maritime Bureau (Photo: Crowley)

Crowley solidifies commitment to Puerto Rico with multimillion dollar terminal construction contract   Crowley Puerto Rico Services, Inc. announced today that it has executed a $48.5 million construction contract for a new pier at its Isla Grande Terminal in San Juan, Puerto Rico


Container Shipping Capacity Threat for Profitability

Estimated average unit revenue, 1Q12-1Q15 (US$ per teu). Source: Drewry Maritime Research

 The rapid expansion of container shipping capacity this year threatens to reverse the strong profitability ocean carriers showed in the first quarter, Drewry Shipping Consultants Ltd said.   Carriers weathered a storm of low rates in the first quarter to deliver some of the best


Panama Canal Expansion Could Shift US Container Traffic

Photo: SCPA

Following the Panama Canal expansion in 2016, up to 10 percent of container traffic to the U.S. from East Asia could shift from West Coast ports to East Coast ports by 2020, according to new research conducted by The Boston Consulting Group (BCG) and C.H. Robinson


Kestrel Selects Haven Platform

Haven and Kestrel logo

  Kestrel Liner Agencies, a pre-eminent ocean freight provider serving the Caribbean, has started offering capacity on the Haven Platform. Haven, the private marketplace for buying and selling ocean freight capacity. The new partnership offers shippers a growing selection of port pairs.


Container Shipping Lucky to Break Even in 2015

File photo

A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to the Container Forecaster report published by global shipping consultancy Drewry.


Container Ship Industry ‘Lucky to Break Even' in 2015,

Image: Maersk Line

 Global shipping consultancy Drewry predicts the container ship industry will be "lucky to break even this year" as shipping rates slump due to catastrophic overcapacity.   A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner


TT Club Urges Immediate Action on Box Weighing

File photo

Provider of insurance and related risk management services to the transport and logistics industry TT Club said it welcomes the initiative of the World Shipping Council (WSC) in its recent publication of guidelines to the industry in relation to implementing the SOLAS requirements that become


RFAI Key to Monitoring West Coast Agreement - FMC

FMC Commissioner William P. Doyle

  Following is the statement of FMC Commissioner William P. Doyle follows: We do not take our hands off the wheel just because an agreement is allowed to go into effect without the Commission taking any further action to delay the implementation of the agreement


CargoSmart Launches Big Schedules Search Engine

Photo courtesy of CargoSmart

CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking, has announced Big Schedules, a new sailing schedule search platform that helps shippers and logistics service providers manage and visualize their ocean






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright