Norwegian liner Siem Shipping Inc. has won a one-year contract renewal for a regular weekly service from Ecuador to St. Petersburg, Russia. The contract extension for the service covers seven reefer vessels. The service, which employs seven vessel, is largely for banana trades and has been renewed for an additional year. The company did not, however, disclose any further details on the value of the contracts or expected start date. Star Reefers has been operating between Ecuador and Saint Petersburg for years and recently introduced an interim stop in Vlissingen, Netherlands. The Oslo-listed reefer player has started 2016 strongly with a near eight-fold increase in first quarter net profit. Net income for the quarter was $3.9m versus the $500,000 seen a year ago. The improved result was driven by a near 10% year-on-year increase in revenue to $47.5m, while costs only increased 4% to $8.6m.
Despite reports stating that the specialist reefer industry continues to lose market share to the reefer container operators, cargo volumes are increasing overall and as a result the specialist reefer carriers are not suffering a reduction in cargo volume. Drewry Shipping Consultants Ltd., leading maritime consultants, has released its latest Reefer report “Annual Reefer Shipping Market Review and Forecast 2007/08”.
Latvian Shipping has started a renewal of its aging fleet by placing an order for six new tankers, according to the company's president. Andris Klavinsh said the firm had signed a letter of intent with Korean shipbuilders to construct tankers worth between $168 million to $210 million and is awaiting a go-ahead from the Latvian privatization agency. He declined to name the Korean shipbuilders involved. Shipping has had problems with fleet renewal due to its stalled privatization
The reefer market has proved successful for A&P Falmouth throughout recent months with a total of six bookings for reefer ships from two separate owners. Falmouth is ideally located for the reefer trades on the ballast route from Northern Europe to loading ports in South Africa, Canary Islands and the Caribbean. Amer Shipping's 13,312 grt vessel the Amer Choapa was the first to enter the shipyard during July. Work completed during the 9 day docking included blasting and painting
Reefer market dynamics continue to change. Drewry Maritime Research have just published their latest Reefer Shipping Market Annual Review and Forecast 2011/12, analysing the industries make-up including; leading operators’ profiles and fleets, perishable commodities, specialised reefer and freezer fleet capacity, containerised reefer vessels, ship economics and forecasts for the future. As the burgeoning containerised reefer market continues unabated
After two RoRo and RoCon designs for CMN and BAHRI, naval architect Knud E. Hansen’s focus has moved into the reefer market. Knud E. Hansen A/S is the naval architect behind the Reefer RoRo, which has been developed in close cooperation with Reefer Intel and Stena RoRo. Reefer Intel is owned by Mr. Birger Lindberg Skov, former President of Lauritzen Reefers A/S. Thee Vessel is intended for world-wide operation as a RoRo Reefer Vessel in the banana trade with special emphasize on fast
Keppel Shipyard, a member of the Keppel Hitachi Zosen Group, won a $17 million contract from Blue Ice Shipping Corporation to convert a container vessel into a livestock carrier. Maysora -- a 643 x 93 x 52.8 ft. (196 x 28.4 x 16.1 m), 24,515 dwt container vessel will be converted into a fully outfitted livestock vessel with a minimum carrying capacity of 70,560 sheep and 5,640 cattle. Mr Charles Foo, Managing Director of Keppel Hitachi Zosen said
In response to the rising demand for specialist containers on the steadily maturing West Africa trade, OT Africa Line (OTAL) has introduced a range of 40 ft. and 40 ft. high cube refrigerated containers (reefers). These containers are a new addition to the OTAL fleet which currently comprises of 20 ft. reefers, ventilated containers, dry vans, flatracks, collapsible flatracks and open tops and 40 ft. high cubes, dry vans, flatracks, collapsible flatracks, and open tops
If it wasn’t bad enough that demand in the shipping markets has not recovered, commodity price rises have put more than a little pressure on ship operating costs. Fleet owners and managers are certainly feeling the squeeze in 2011. Drewry has just published its latest annual analysis of ship operating costs, covering 8 vessel sectors and over 35 different sizes of vessel plus detailed operating budgets for a range of oil tankers, chemical tankers, gas carriers, dry bulk vessels
Port staff received news that the Port of Hueneme was among the awardees to receive funds through the EPA’s Diesel Emissions Reduction Act (DERA). The funds will be used to complete an enhanced phase II to the Port’s existing Shore Power Project that will allow additional vessels to simultaneously connect to the Port’s Shore Power system. Following passage of AB 32 by the state assembly, programs were put in place to allow ships at berth in California ports to turn off
The Port of Hueneme launched the second phase of its Grid-Connected Shore Power System, celebrating another next step forward in reducing air emissions and minimizing environmental impact. Among the community leaders attending the ribbon cutting were Congresswoman Julia Brownley
Last month, the second of the two ships recently purchased from the Dutch shipping company NileDutch officially changed hands. The 222-meter-long and 35-meter-wide vessel will now sail for Hapag-Lloyd as the Antofagasta Express under the Chilean flag.
OKYO, JAPAN, 16 MAY 2016: As Japan ramps-up its export drive, APL steps in to support Japanese growers and exporters in the exploration of overseas markets for their fresh produce. Through its range of SMART reefer solutions and well-diversified global network
As Japan ramps-up its export drive, APL said it has stepped in to support Japanese growers and exporters in the exploration of overseas markets for their fresh produce through its range of SMART reefer solutions and diversified global network.
Clarksons Research says that in many instances the shipping industry is all about growth, with trade volumes expanding along with the world economy and fleet capacity growing too. However, that’s not exclusively the case
A 623-foot Panamanian-flagged bulk carrier Sparna ran aground early Monday morning in the main shipping channel of the Columbia River near Cathlamet, Washington, according to the U.S. Coast Guard. The Sparna has taken on water in void spaces
CMA CGM announced that a new call at Pointe des Galets (La Reunion) will be introduced on its ASAF service, connecting Asia to West Africa, and operated with 13 vessels of 9,400 TEU. The maiden voyage direct to La Reunion will be operated with m/v CMA CGM TANYA in Xingang on March
Crowley receives of new containers and related equipment as part of $32.7 million fleet optimization investment Crowley Maritime Corp. is continuing to receive and place into service $32.7 million worth of new cargo carrying equipment
United Arab Shipping Company (UASC) announced the opening of a new joint-venture agency in Uruguay and participation in this year’s Intermodal South America exhibition, opening today in São Paulo and running until 7th April.
The Panama Canal has linked the Pacific with the Atlantic for more than 100 years. It will soon be possible for significantly larger ships to pass through its locks. What will the expansion mean for Hapag-Lloyd? They’re still working in Panama
North P&I Club is advising its members to be aware of the potentially severe consequences of poorly maintained or overloaded on-board generators being unable to meet the electrical demands of ships at sea. The warning comes in the latest issue of the club’s loss prevention newsletter
The new, expanded Panama Canal is set to open soon. Hapag-Lloyd is preparing for the event by optimizing its fleet. Here, we show you what these new ships will look like. The new Panama Canal will usher in a new era in shipping between South America and Europe
With a presence on the U.S. market since 1994, Samskip Logistics has taken the next step by opening a new US head office in New York under the management of Paul Dean. For over two decades, the company has operated two offices in Norfolk, Va. and in Seattle
For the first time a vessel from Turkish ARKAS Line is expected in the Port of Hamburg on April 20. The WANDA A is deployed in the West Africa Express Service (WAX) operated by ARKAS and Hapag-Lloyd and will be cleared at HHLA Container Terminal Altenwerder
CMA CGM Group develops AQUAVIVA, a new generation of containers to transport live lobsters The CMA CGM Group has launched a new generation of containers which allows for the safe carriage of live lobsters in their original water in conditions maintaining their natural habitat