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
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
Hamburg Süd yesterday celebrated the christening of its new containership San Christobal with customers and business partners at the Hyundai Heavy Industries shipyard in Ulsan, South Korea. The vessel is the second newbuild in the series of three new San-class ships. Each container vessel in the San-class has a nominal slot capacity of 9,034 TEU, and the San Christobal and her sister ships each have 1,370 reefer slots.
After announcing last week a new weekly barge service from Jacksonville to Puerto Rico intended to commence on January 29, Sea Star Line has restructured assets and plans to move the start of the new service forward to January 22. Sea Star is in the process of on-hiring 2
Container shipping line United Arab Shipping Company (UASC) has ordered 2,000 reefer containers from Daikin. As part of the emerging global carrier’s investment in the cutting-edge, energy-efficient solutions for the carriage of frozen and chilled cargoes
ZIM integrated shipping services has announced the launching of a new monitoring, tracking and security services package, specifically designed for valuable and sensitive cargo stowed in reefer containers. The service allows customers to closely monitor their cargo's status
Pacifica Shipping, New Zealand's coastal shipping company, is launching a new container vessel from March replacing a smaller vessel whose charter has ended, reports The Stuff. The Spirit of Canterbury would provide greater capacity for customers including reefer cargo and replace the
The CMA CGM Group announced its Citrus Express seasonal service will start again in November. Spread over two rotations, this service enables to export citrus fruits and apples from East Mediterranean to the Black Sea. It will call the ports of Syria
To offset the additional cost incurred by switching to cleaner fuels in Emission Control Areas, as required by the new regulation, Maersk Line will introduce a new Low Sulphur Surcharge (LSS). The surcharge will be effective from 1 January 2015 and affect all cargo with load port
Expanding on the Reefer RoRo Ship design release in September last year, naval architects group Knud E. Hansen A/S has continued the development of the new Reefer RoRo Ship design with version II. A video showcasing the design is available here.
Company Receives New Refrigerated Containers and Places Order for New Genset Equipment Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’ refrigerated containers ordered as part of its equipment replacement plan announced in August 2014
CMA CGM Group has announced the CMA CGM Litani was delivered on December 3rd, 2014 in China. The CMA CGM Litani (10,622 TEUs) is the third of a series of 28 vessels from 9400 TEUs to 10 900 TEUs, vessels which will be delivered from now to the third quarter of 2016
APM Terminals Signs Contract for Wind-Power Generated Electricity for Maasvlakte II Terminal APM Terminals has signed a two-year, €5 million ($6.23 million) contract with Amsterdam-based NV Nuon Energy for the supply of environmentally-sustainable wind-generated electricity to power
MacGregor, part of Cargotec, has received a contract from German shipbuilder Flensburger-Schiffbau-Gesellschaft (FSG) for a comprehensive RoRo cargo access equipment package. It is destined for an LNG-powered RoRo ferry that will be constructed at the yard for the Australian owner
Containership CMA CGM Tigris, the fourth vessel of a series of 28 ships from a 9,400-10,900 TEUs class, was delivered to the CMA CGM Group on December 23, 2014 in China. The group received the delivery of the first vessel of this series, CMA CGM DANUBE, in June
In a continued effort to provide quality services, CMA CGM group hereby informs of a Rate Restoration Program: Effective February 5th, 2015: From India, Pakistan and Sri Lanka ports to North Europe, Med Sea, Scandinavia, Baltic, Black Sea, North Africa, Central American
The CMA CGM Group has signed logistics memorandum of agreements with Multiparques Group, represented by its General Manager Leonel Pinto, on December 18, 2014 in Paris, and in the presence of the French and Angola Foreign Affairs Ministers, Laurent Fabius and George Rebelo Pinto Chicoti
Crowley Maritime Corporation’s liner services group will add a 400 FEU capacity, flat deck barge to its South Atlantic Puerto Rico service in the first quarter, increasing the rotation between Jacksonville, Fla., and San Juan to four sailings each week