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.
On Monday, 28 February 2011, Hamburg Süd christened the Santa Clara in Durban, South Africa. She was delivered at Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) in Korea in October last year as the first of ten identical container vessels, each with a slot capacity of 7,100 TEU. This makes her not only one of the largest ships ever built for Hamburg Süd, but also, thanks to her 1,600 reefer plugs
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.
The liner services group will offer ocean-freight customers a second weekly southbound sailing from Port Everglades, Fla., to Nassau, Bahamas. The new Saturday sailing day, starting Saturday, March 23, 2013, will give customers an additional option for the transport of their goods
Come Jan. 1, 2014, the maritime industry in California faces a looming reality: ships must link up to port alternative maritime power (AMP). “Compliance is not optional,” said T.L. Garrett, vice president of Pacific Merchant Shipping Association.
The majority of the crew of a ship that have gone unpaid and lacking in basic human requirements finally flew home over the weekend. For the last few months nine Pakistani crew onboard a reefer, the MV Belita, have been stranded in Port Victoria in the Seychelles.
Sea Star Line, LLC said that it has increased its refrigerated container fleet by 25% in the past year to better serve the Puerto Rico trade. Sea Star is also in year two of a five year refrigerated equipment replacement plan. The replacement plan aims to reduce the average age of the entire Sea
Auto Marine Transport contracts Samjin Shipbuilding Industries Korea (Samjin) to build a series of pure car & truck carriers (PCTC's). Auto Marine Transport, a tonnage provider created with the assistance of Siem Car Carriers, sign an intiial agreement with the shipyard to build eight
The seventh L-type containership for Evergreen Line, launched and named at Korea's Samsung Heavy Industries shipyard. The new ship was christened by S.S. Lin, the Evergreen Group's First Vice Group Chairman, and the ceremonial rope cutting for the new 8,452-TEU vessel was performed by Mrs
Cavotec wins Alternative Maritime Power (SMP) shore power equipment orders at Port of Los Angeles (POLA). Cavotec AMP systems enable vessels to switch off their engines while docked and to connect to shore side electricity. Services such as power supply for reefer containers, lighting, heating
Seaco announce appointment of Jeremy Matthew as Group CEO and Paul Merritt as Group COO. The appointments follow the retirement of Dave Amble as CEO of the HNA owned enterprise. Jeremy Matthew, the group’s current CFO will take over as CEO with immediate effect and will be supported
Maersk Container Industry (MCI) purchased 116,000 plastic balls for a trial to test & increase the effectiveness of its refrigerated containers in delivering fresh produce. The balls were adapted so they would respire in much the same way as fresh fruit and vegetables do
Evergreen's Eighth New 8,452-TEU Ship Christened. Ever Leader, the eighth L-type containership of Evergreen Line, was christened by Bronson Hsieh, the Evergreen Group's Second Vice Group Chairman, at the Samsung Heavy Industries shipyard today
Hamburger Lloyd holds Singapore naming ceremony for the China-built 5000 TEU container ship 'RHL Fidelitas'. The 5000 TEU container vessel RHL Fidelitas, was built by Jiangnan Changxing Heavy Industries shipyard and is the third ship of this kind in Reederei Hamburger Lloyd’s fleet.
A solution providing dedicated road and railway lines, efficient terminal operations, world-class marine infrastructure, customer-centric approach, cost effective services was of utmost requirement to the Southern Andhra Pradesh, Eastern Karnataka, and Northern Tamil Nadu hinterland.
Maersk Container Industry calls for tougher enforcement of European environmental legislation regarding reefer containers. "We urge the European Commission to ensure enforcement of existing EU legislation regarding insulation foam in reefer containers," says Peter K
Maersk Line’s largest container vessel, had an ingress of water into the engine room & terminated the voyage at Suez Container Terminal. According to a statement issued by Maersk, the vessel had just commenced its southbound voyage through the Suez Canal en route to Asia when water
LR classed Alexandros and Aristotelis are the first of five new 5,000 teu new ships, all to be delivered from HHI Gunsan by June 2013, that sees Capital expand its operations into the container sector. Capital Shipmanagement has marked the delivery of their new containerships