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J. Lauritzen Buys Cool Carriers

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.

Star Reefers, NYK Enter Agreement

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 In Restructuring Deal With Swan

Ugland International Holdings Plc reportedly entered into agreements to restructure Norway-based refrigerated vessel (reefer) operators Swan Reefer ASA.

UASC Enters New Phase of Expansion

Photo: UASC

United Arab Shipping Company (UASC), a container shipping line recently announced the launch of a North Europe – US East Coast (NEU1) service as well as an order of 3,500 reefer containers. The new NEU1 service is part of UASC’s strategic global network to provide customers with worldwide transportation access and reach. The service consists of a weekly sailing making five direct port calls in North Europe to the principle ports of Le Havre, Antwerp, Rotterdam

APM Terminals Acquires Reefer Terminal S.p.A.

Vado Ligure Reefer Terminal to be upgraded, and operated as a single unit with the new deep-water semi-automated container terminal scheduled for completion in January 2018

  APM Terminals and GF Group are pleased to announce the acquisition of 100% of Reefer Terminal S.p.A. by APM Terminals has been completed today.  Terms and price were not disclosed.   Reefer Terminal, the largest refrigerated terminal in the Mediterranean for more than thirty years handling 600,000 pallets per year, is also a world-class terminal for the handling of containers (275,000 TEU, 510 reefer plugs, 14.5 meter depth and 465 meter of quay) and general cargo.  

UASC Places Order of 3500 Reefer Containers

Photo: United Arab Shipping Company

 United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, has ordered another 3,500 reefer containers, after ordering 2,000 units from Japan’s Daikin Industries in January, says a report in JOC.   The order marks the second milestone in the expansion of UASC’s reefer services and reiterates the company’s ongoing investment in the most cutting-edge, energy-efficient solutions for the carriage of frozen and chilled cargoes

Green Reefers Invests in Polish Terminal

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

Contship Takes Delivery of Australis

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. Concludes Exit From Reefers

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

Forth Ports Invests in Grangemouth Refrigeration Containers

Port of Grangemouth. Photo:  Forth Ports Limited

 As part of the move to boost for importers and exporters of fresh produce using Scotland’s largest container terminal , the port of Grangemouth is to receive investment from its owners, Forth Ports Ltd to increase its capacity for refrigerated containers.    Forth Ports is significantly investing in extending the electricity supply infrastructure at Grangemouth from 126 specialist power supply points to 432.  

Siem in Profit for Q3

Photo: Siem Shipping

 Oslo-listed Siem Shipping reported a net profit of USD2.5 million (Q3 2014: net loss USD-0.2 million).    The container lines are continuing to use very aggressive pricing strategies to win market share in the reefer segment.   

NOURA EXPRESS to Optimise its Service Between East Africa and Europe

Map by DELMAS, CMA CGM Group

 Following its core strategy of continuous Africa Lines service upgrade, CMA CGM is pleased to present its latest significant improvement on its NOURA EXPRESS service connecting East Africa with Europe.   Starting end of November 2015 with m/v MARIE DELMAS

APM Terminals Pact with Qingdao Port

Left to right: Standing:  APM Terminals CEO Kim Fejfer and Qingdao Port Group Chairman Zheng. Seated: APM Terminals CFO Henrik Lundgaard Pedersen and Wang, Head of Business Development for Qingdao Port Group. Photo: APM Terminals

 Leaders from Qingdao Port Group met with APM Terminals executives in The Hague to sign a Memorandum of Understanding (MOU) for the APM Terminals Vado, Italy port project.    Terms and investment amount were not disclosed. The MOU will create a new joint venture to invest in and

NYK Orders 5,500 Reefer FEUs

Photo courtesy NYK

  NYK has placed an order for 5,500 technologically advanced 40-foot refrigerated (reefer) containers, which are more efficient and reliable than older equipment. Delivery of the new units has already commenced.   This strategic investment will ensure that NYK continues to operate one

ZIM Transitions Fleet to StowMan(s) Software

Photo courtesy of ZIM

ZIM Integrated Shipping Services Ltd, Israel  has decided to enhance its stowage planning for its containership fleet (currently 93 ships) in the future by using the software StowMan[S] from INTERSCHALT maritime systems AG, the software and services provider for maritime navigation and

Hapag-Lloyd Adds 6,000 Reefer Containers

(Photo: Hapag-Lloyd)

In order to profit from the growing reefer markets in South America and Asia, Hapag-Lloyd has ordered 6,000 cutting-edge reefer containers – more than ever before in the company’s history.   Hapag-Lloyd is gearing up for the temperature-sensitive cargo business in the important

Clean Marine to Supply EGCS for two More vessels

3D illustration of Clean Marine EGCS connected to 1 ME 2 AE 1 boiler

Clean Marine has signed a contract with the Chinese yard Huanghai Shipbuilding Co.Ltd. for the supply of exhaust gas cleaning systems (EGCS) on two reefer/fishing support vessels. The vessels are owned by EF Transport (Malta) Ltd, whose fishing fleet is primarily engaged in the North-East

Clean Marine EGCS Installation For Two Vessels

Photo: Clean Marine

Clean Marine  signed a contract with  Chinese yard Huanghai Shipbuilding Co.Ltd. for the supply of exhaust gas cleaning systems (EGCS) on two reefer/fishing support vessels, which are currently under construction. The contract also includes an option for delivery of additional EGCS on

Hamburg Süd Christens Cap San Vincent

Left to right: Sung-Geun Lee, DSME executive vice president, shipyard general manager; Fawad Neiro, sponsor Susanne Neiro, K+S Transport; and Dr. Arnt Vespermann, member of the Hamburg Süd executive board. (Photo: Hamburg Süd)

Hamburg Süd christened its new containership, Cap San Vincent, at a ceremony at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) shipyard in Okpo, South Korea, Wednesday.   The final vessel in a series of three identical new builds

Hapag-Lloyd Secures Financing for Five Newbuilds

The new ships are being built by the South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI). (Photo Hapag-Lloyd)

Container shipper Hapag-Lloyd announced it has signed a 12-year $372 million facility agreement with a banking syndicate to finance the construction of five new vessels ordered from a South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI) in April 2015.  

UASC Expanding its Reefer Business

Photo courtesy of UASC

United Arab Shipping Company (UASC) has confirmed  that its reefer business will continue to expand. Following several initiatives including investment in new reefer units, and a cooperation agreement with Hamburg Süd opening up new services to South America

4 STS, 14 ARMG Cranes for APM Vado Terminal

APM Terminals Vado Italy port construction site aerial photo1a

  APM Terminals signed an agreement for the construction and delivery of four Ship-to-Shore (STS) Gantry Cranes and 14 Automated Rail-Mounted Gantry Cranes (ARMGs) for the new APM Terminals Vado terminal now under construction on Italy’s Ligurian coast

Black Market Refrigerants Pose Risk to Shippers

Svenn Jacobsen

In 2011, several refrigerated, reefer containers exploded, killing three port workers. While there has been no further tragedies since then, counterfeit refrigerants remain in circulation and still represent a safety risk.  Counterfeit refrigerant cylinders can consist of a dangerously

APM Terminals Moin Bullish on Reefers

APM Terminals Moin, Costa Rica. Photo: APM Terminals

 APM Terminals is preparing an expansion of the Moin Terminal in Costa Rica's cooling export facilities.    Six new STS cranes and 29 RTG cranes to operate the deep water port of Moin Container Terminal, which opens in 2018.  The Port of Moin is 18 meters deep docks

MSC Silvia Joins Fleet


MSC Mediterranean Shipping Company today took delivery of the MSC Silvia, the latest of a brand new class of 9,400 TEU container ships from the leading ocean carrier. Following today’s inauguration ceremony in Shanghai, MSC Silvia will join the Empire service between the Far East and US

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