J. Lauritzen bought Cool Carriers AB for $35.4 million from Norwegian shipping group Leif Hoegh & Co. ASA, a step in consolidation of the reefer vessel market. "The acquisition will be financed through a capital injection of 215 million crowns ($25.5 million) from the parent company J. Lauritzen Holding," it said. Reefer vessels are equipped with refrigeration facilities to transport perishable foodstuffs. The takeover of the Swedish-based group, effective January 1, 2001, would create the world's leading specialized reefer vessel operator in a new company to be named Lauritzen Cool AB, it said. "With the establishment of Lauritzen Cool the first step towards the long sought-for consolidation of the global reefer market has now been taken," it said. The merger of Lauritzen's loss-making reefer subsidiary Lauritzen Reefers -- both an operator as well as a shipowner -- and Cool Carrier, an operation unit only, would yield synergies of "conservatively estimated" $15 million per year. Lauritzen Cool will use reefer vessels from both Leif Hoegh and J. Lauritzen. It said total turnover was expected to amount to $430 million for 2001.
Norwegian shipping firm Star Reefers has agreed with Japan's NYK to create a new joint pool and marketing company owned 50 percent each. The new company will be called NYK Star Reefers Ltd. and will control a combined fleet of 74 refrigerated vessels currently owned by the two firms, Star Reefers, formerly called Swan Reefer Inc., said in a statement. "This merger is a further step towards greater consolidation and regrouping of the owners in the industry -- which has experienced a number of
Ugland International Holdings Plc reportedly entered into agreements to restructure Norway-based refrigerated vessel (reefer) operators Swan Reefer ASA.
Green Reefers ASA increased its share in the Polish terminal Euro Terminal Sp.z.o.o.; formerly Odraport. An agreement has been reached to acquire Frax AS' 6 percent shares in Odra Industries ASA, the holding company of Euro Terminal. Green Reefers will thereafter own 31 percent in the terminal. Euro Terminal owns and operates a port in the northwestern corner of Poland with a total cold store capacity of 30,000 tons. Euro Terminal is the main port for Green Reefers in Poland
The Contship Australis, the second of three newbuildings destined for Contship Containerlines' Europe-Australasia services has been delivered and will enter service on December 17 in Auckland. Built by Daewoo Heavy Industries in South Korea, the capacity of each ship is 4,100 teu, including 1,300 reefer plugs - making them the biggest reefer container ships in service. "The new ships are some of the most advanced in the business offering technological improvements both for the
Leif Höegh & Co. ASA (LHC) has sold its 36% shareholding in Lady Navigation Inc. to Frigo Navigation Ltd. on private terms. Lady Navigation Inc. owns the two reefer vessels Lady Racisce and Lady Korcula. The "Lady" vessels were built in 2000 and have a capacity of 590 000 cbft. Transfer of the shares in Lady Navigation Inc. to the new owner was concluded on 30 June and marks LHC's final exit from the reefer segment. LHC sold its commercial reefer operation, Cool Carriers, to
Embodying a multi-tweendeck section for fresh farm produce in a hull otherwise given over to containers, a new generation of vessels for the Israeli fruit and vegetable trade could help shape the future of the palletized reefer sector. Highlighting the propensity for innovation and technological advance in Israel's export-minded agricultural industry, two 15,000-dwt newbuilds will combine the requisite capacity and quality control for premium
Green Reefers has concluded sale of the M/V Green Igloo for $2.1 mill. The vessel is 73,000 cu. ft. and built in 1983. Delivery to new owners will take place during April 2006. The transaction generates a profit of about $1 mill and generates free cash of about $800,000. In 2005 Green Reefers expanded its fleet with a total of nine vessels, whereof seven vessels have been purchased by the company.
Hamburg Süd celebrate the christening of container ship “Santa Barbara” at the Yantian International Container Terminal (YICT) in Shenzhen, China. The “Santa Barbara” was the last of a total of ten new buildings of the “Santa” class to be christened. Like her nine sister ships, the “Santa Barbara” has a slot capacity of 7,100 TEU and is fitted with 1,600 reefer container plugs.
Following on last investment earlier in 2013 in the Rail Terminal in Murcia and the launching of the first Reefer Block Train operated in Spain linking Murcia with the Port of Bilbao two times per week, MacAndrews, a door to door Intermodal operator in Europe 100% subsidiary of CMA-CGM Group, have completed the purchase of a 25% share in Progeco Bilbao, SA, becoming its main shareholder. Since 1985, Progeco Bilbao is offering comprehensive logistic services in the industrial and commercial
Drewry’s latest Container Equipment Insight, exclusive to subscribers of Drewry’s Container Leasing and Container Census reports, saw prices for new dry freight containers increase in the opening months of 2014 for the first time in two years.
The Port informs that it has conducted its first operational and safety vessel test of its recently installed Auxiliary Maritime Power (AMP) system. Port crews were on hand to view this first vessel ‘plug in’ by Hamburg Sud’s 'M/V Cap Pasley'
Prices for new dry freight containers increased in the opening months of 2014 for the first time in two years, observes Drewry's latest 'Container Leasing and Container Census'. Standard box prices declined gradually throughout 2013, falling by late in the year to their lowest point since 2009
Truck gates at Charleston's container terminals will be open on Friday, April 18th, 2014 with modified holiday work hours. The interchange lanes and yard will be open from 0800 to 1200 and from 1300 to 1700. Empties, Dry Loads, and Chassis must be
Eyeing vast new efficiencies in global fresh produce and fresh-cut flower transport, Maersk Container Industry (MCI) is now partnering with Boston-based technology company Primaira LLC to develop an air cleaning system in Star Cool Integrated refrigerated containers.
CMA CGM announced the reorganization of CMA CGM South Africa, the South African agent of the CMA CGM Group headquartered in Durban, with the departure of Arnaud Thibault, Regional Director and Managing Director of CMA CGM South Africa Pty.
The CMA CGM Group announced the upgrade of its Oceania - U.S. services with the launch of the PAD 2 service, as from the beginning of March 2014. The group said PAD 2 will complement the existing fortnightly PAD 1 service and provide CMA CGM with improved coverage of the Oceania to U.S. trade
Gone are the days where a refrigerated unit was a 20ft container with a fridge pack attached. In today’s offshore environment it is it about quality and reliability and the safety of the people working with our kit from dock to deck, explains Greg Spence, managing director of Reftrade UK.
Pronautas B.V. GmbH announced that its connectivity solution has been selected by Caiano Shipping III AS (Norway) for 11 Green Reefers vessels. Pronautas will provide a total turnkey connectivity solution comprising Sailor VSAT 900B antenna, Astrium’s Airtime and Xchange box
Together with customers and business partners, Hamburg Süd yesterday celebrated the christening of its containership Cap San Lorenzo at the Exolgan Terminal in Buenos Aires. The Cap San Lorenzo is the fourth containership in a series of six newbuilds for the company in the new Cap San class
Lomar informs it has declared a further three options to build new container vessels at Chinese shipyards, which brings the total number of newbuilding orders in hand to over 20 ships. The company has declared its final two options in a total order for six 1
Frozen mussels from New Zealand to Port of Philadelphia begins Art-Box’s journey around the world to promote value of global container shipping Maersk Line, an ocean transportation company and a unit of the Maersk Group, announced today the arrival of the Maersk Line Reefer Art-Box
On March 27 and 28, HAROPA-Port du Havre accommodated the Cap San Lorenzo, a container vessel of 9,600 TEU delivered by Hyundai to the German shipping company Hamburg-Süd. Being the fourth of a series of six vessels of the Cap San class, the Cap San Lorenzo has a reefer capacity of 2
The Board of Directors of France’s CMA CGM, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the year ended December 31, 2013.
The Port of Hueneme conducted its first operational and safety vessel test of its recently installed Grid-Based Shore Power system. Port crews were on hand to view this first vessel ‘plug in’ by Hamburg Sud’s M/V Cap Pasley, carrying fresh fruit for Chiquita Brands of Charlotte