Sea Containers Ltd. has completed the sale of Newhaven Marina, West Quay and Railway Quay in Newhaven, East Sussex, England to Oakdene Homes PLC for $20.7 million (GBP11.25 million) in cash. Sea Containers will report a profit on the transaction of $10.4 million in the fourth quarter of 2005 and proceeds from the sale will be used to reduce company debt. Sea Containers has now sold almost all of its port property interests in the UK and the sale forms part of Sea Containers' ongoing strategy to focus on its core businesses.
Marine transport company Sea Containers Ltd. posted a fourth-quarter loss, versus a profit a year earlier, citing a bigger fuel bill and a drop in demand for container rentals. The company posted a net loss of $15.8 million, or 85 cents per share, compared with a profit of $8.0 million, or 43 cents per share, a year earlier. Shares of Sea Containers closed on Tuesday at $19.90 on the New York stock Exchange, above a 52-week low of $18.50 and off a year high of $29.69. - (Reuters)
Sea Containers has sold the Isle of Man Steam Packet Company to Montagu Private Equity Limited for $233 million, with effect on June 30, 2003. The profit on this transaction will be $100 million, however, the company has decided to establish provisions for the restructuring of its fast ferry business and to reduce the carrying value of certain assets to current market value. Total provisions will be approx. $40 million.
Sea Containers introduced the Ancona, Italy to Split, Croatia route operated by its joint venture with SNAV, a subsidiary of the Mediterranean Shipping Company. The seasonal service, which started in 2000 and has carried nearly 75,000 passengers and 15,000 vehicles to date, has proved so popular that a larger craft is needed. The high speed catamaran Felix which was built in 1996 and previously operated between Spain and Morocco, will appear in the now familiar Croazia Jet livery
Sea Containers celebrates the Diamond Jubilee by displaying the largest ever photograph of the Royal Family Sea Containers, by Blackfriars Bridge, was covered with the giant picture measuring 100m by 70m and weighing in at nearly two tons. The image was erected by a team of eight people over 45 hours. It is due to remain in place until the end of June. The 'Sea Containers' building was originally built as a hotel in the mid 1970's but opened instead as offices
Finland's Actiw Oy contracted to supply 14 automated container loading systems that speed up containerization of palletised goods The contrat is with Tecnimont SpA, main EPC subsidiary of the Maire Tecnimont Group, Italy, for delivery to an end customer in the petrochemical industry in the United Arab Emirates. The system is the first of its kind where product pallets coming from palletizing lines are fully automatically transferred and loaded into standard sea containers
U.S. Customs Commissioner Robert C. Bonner announced the publication of final Customs regulations requiring sea carriers to provide cargo manifests 24 hours prior to the lading of cargo at foreign ports for shipment to the United States. This information is required in advance to enable U.S. Customs to evaluate the terrorist risk of cargo containers. "Terrorist organizations pose an immediate and substantial threat to the global trading system
According to an Asbury Park Press report, the parent company of SeaStreak is putting the ferry business up for sale and closing its route between South Amboy and Manhattan. SeaStreak's Monmouth County routes between Highlands and Manhattan and Atlantic Highlands and Manhattan will continue. High fuel costs have hit SeaStreak hard, according to the report. The company is expected to lose $2.7 million this year, including a $1.3 million loss on the South Amboy route.
Maurice Storey, the former Chief Executive of the U.K. Maritime & Coastguard Agency (MCA), is to become Chairman of Evergreen Group’s U.K. affiliate Hatsu Marine Ltd., effective December 1, 2003, while Jason Lin continues as president of Hatsu Marine Ltd. Established in January 2002, Hatsu has its headquarters in London and currently owns a fleet of seven new U.K.-flag container vessels including five 6,332-teu ships currently operating in the transpacific trades
CMA CGM has backed Peel Ports’ £300m Liverpool2 development by doubling the frequency of its feeder service to the port. CMA CGM now offers twice-weekly calls in Liverpool from its hub in Le Havre, France and a new weekly call at Greenock, Scotland and Cork, Ireland. Weekly calls to Dublin and Belfast were already established. The company’s expansion into Liverpool will take advantage of Peel Ports’ established Green Highway Network
Langh Ship Cargo Solutions has extended its offering to include tank containers equipped for hook lifting. “Often the on-carriage of tank containers meant for transportation by sea is quite expensive on land, as the need for special lifting equipment makes the handling of the containers
Prime Minister visits to welcome £200 million investment by UK household-name retailers Marks & Spencer to build new distribution centre at London Gateway. Marks & Spencer (M&S) and DP World London Gateway jointly announce that M&S will build a major new
Following Evergreen’s recent consolidation of its U.K. cargo handling needs at Felixstowe, the news that Hapag-Lloyd, OOCL and NYK intend to switch their transatlantic services to Southampton will leave Thamesport with no deep sea services
Marine terminal operator DP World engaged CHQ Security Services to act as security and risk assessment consultants for the operation of the UK's major deep-sea container port – London Gateway. CHQ Security Services are acting as security and risk assessment consultants to the project in
Incat Crowther announced the launch of the 57.4-ft catamaran, Santa Ana, and the completion of extensive sea trials. The Santa Ana is specificaly designed for the wind farm service industry. Built by Lyme Boats in the UK, Santa Ana features Incat Crowther’s hull form
The four new RTG (rubber-tyred gantry) cranes delivered to Teesport today are a key component of the current £16.7million expansion of the container terminals at Teesport and represent the biggest single equipment investment in the port since the container terminal opened in 2003
cut The Finnish Ambassador for the UK recently visited PD Ports owned Teesport, to see the facility’s latest cranes, purchased from a Finnish manufacturer. As part of his tour of north-east England and Edinburgh, Ambassador Pekka Huhtaniemi visited the port with his wife, Liisa Huhtaniemi
St. Louis, Mo. – Emerson today announced that it has acquired the Marine Container and Boiler business of Johnson Controls Inc., enabling Emerson Climate Technologies to expand its refrigeration technology and solutions offerings in the global transportation sector.
Incat Crowther has announced the launch of ASP Tyne and ASP Thames, two 18m Catamaran Wind Farm Service Craft. ASP Tyne and ASP Thames were constructed by Topaz Marine at their Abu Dhabi yard in the UAE, and will be delivered to ASP Holdings in the UK.
DARPA design technologies for sea and air delivery systems for direct support to disaster zones from offshore container ships The US Defense Advanced Research Projects Agency's (DARPA) Tactically Expandable Maritime Platform (TEMP) program has completed the design of innovative
DP World's London Gateway, the UK’s new deep-sea container port to hold jobs fair, seek to recruit 200 The jobs fair marks the start of London Gateway’s own major recruitment drive that will see an initial 200 new staff join the existing team of 50 in the coming months.
The first ship ever to berth at London's new deepwater container terminal, 'MV Wieniawski' also delivered four auto stacking cranes from China. Due to formally open in Q4 2013, London Gateway will be the UK’s first 21st Century major deep-sea container port and Europe’s largest
BIMCO has announced that its new Secretary General/CEO to succeed Mr Torben C. Skaanild on his retirement later this year will be Mr Angus R. Frew, currently Chief Executive of the UK Chamber of Shipping. The appointment of Mr Frew was unanimously approved last week by the BIMCO Executive
Inchcape Shipping Services (ISS) was called on to act as agent for the arrival of the first giant cranes at the UK’s new global container port, DP World’s London Gateway. As the largest quay cranes in Britain, bigger than the London Eye and weighing 2,000 tons each
Freight rate up 3.2% on last year / Transport volume increases by 1.1%. Revenue rises by 12.1% to EUR 6.84 billion / Absence of peak season and persistently high energy costs weigh on business / Positive operating result of EUR 26 million / EBITDA of EUR 335 million.