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Sea Containers

Sea Containers Sells Remaining Properties in Newhaven Port

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.


Sea Containers Posts Loss

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 Sells Isle of Man Steam Packet

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 Introduce New Fast Craft

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


Giant Photo Dominates Jubilee River Thames

Photo credit Dearbrook Group

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


New Automated Container Loading System

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 Publishes Regulations

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


SeaStreak For Sale and Closes South Amboy Route

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.


Former U.K. MCA Chief is Hatsu’s New Head

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


Pentalver Opens London Container Facility

Pentalver’s new site located next to London Gateway’s port gates (Photo: London Port Authority)

U.K. inland container service operator Pentalver opened a new five-acre site at the U.K.’s newest deep sea container port, DP World London Gateway, the London Port Authority announced.   Plans for the site – which will be built in two phases – were revealed in January and position Pentalver as the largest container service operator at the port. The new yard, located adjacent to the port’s main gate, can be expanded to nine acres over the coming years.  


Drewry: Container Service Reliability Falls

Containership reliability took a small step backwards in October as the average on-time performance across all trades reached 77.9%, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.


Containers Overboard; Response Continues

Barge container ship, Columbia Elizabeth, is towed to Port of Palm Beach, Dec. 6, 2015. While enroute to Puerto Rico, several cargo containers fell overboard off the coast of Port Canaveral, Fla. (U.S. Coast Guard photo)

The U.S. Coast Guard said it continues to respond to the loss of containers from the barge Columbia Elizabeth, which reported losing multiple containers into the sea between Cape Canaveral and Palm Beach, Florida, Sunday. Marine prevention teams from Coast Guard Sector Miami and Marine Safety


ABP Port of Southampton Welcomes its Latest Record-Breaker

Photo: ABP Port of Southampton

 The biggest container ship in the world, the MSC Maya, made its maiden call at Southampton on Tuesday 15 December.    The 395.4m vessel, which can carry a world-leading 19,224 containers, is just the latest giant container vessel to call at the port in recent weeks.  


DP World London Gateway Hires Head of Commercial Port

James Leeson (Photo: DP World London Gateway)

James Leeson starts in role at the UK’s newest deep-sea container port, with Tabare Dominguez promoted to role in Vancouver   DP World London Gateway Port has appointed James Leeson to the role of Head of Port Commercial following the announcement that Tabare Dominguez is to become


Port of Rotterdam Throughput Up by 0.6%

  The port of Rotterdam achieved steady results in the first half of the year. Total throughput increased by 0.6% compared to the first half of 2013. The throughput of crude oil increased by 3.3% while that of mineral oil products decreased by 13.5%. The throughput of coal grew by 9


DP World London Gateway Attracting New Container Shippers

MSC Rita calling at DP World London Gateway

As Britain’s new hub port celebrates its first birthday DP World London Gateway has expanded its network of shipping links and destinations, attracting a series of new deep-sea container shipping services. Mediterranean Shipping Company (MSC) has confirmed that from next month (December)


Sea Star Line: Equipment Replacement Plan on Track

Photo: Sea Star Line

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


Sea Star Continues Puerto Rico Investments

Tim Nolan, Sea Star President

Sea Star Line, LLC has entered an agreement to on-hire another barge to add to its current service package for shipments from Jacksonville to Puerto Rico.   The new asset has the capacity for 320 dry units and its initial departure is scheduled for the first week of April


SIPG to Acquire Jinjiang Shipping

Image: Shanghai Shengdong International Container Terminals Co., Ltd

 Shanghai-listed Shanghai International Port Group (SIPG) is currently considering acquiring part of the equity stakes in Shanghai Jinjiang Shipping, a container shipping company mainly engaged in China-Japan routes, as part of the group’s comprehensive development strategy.  


TransAtlantic Speed Record: Will it Ever be Broken Again?

The Incat built high speed catamaran Hoverspeed Great Britain, which broke the record winning  the Hales Trophy on 23 June 1990, held the record and the owners held the Trophy, until 1998 when another Incat built ship Catalonia took the record in June 1998, then just a month later in July 1998 yet another ship built by Incat, CatLink V broke the record.

Will the prestigious TransAtlantic speed and endurance record ever be broken? Should it? Twenty five years ago headlines around the world announced a new world record, the fastest crossing of the Atlantic Ocean, by a ship built in Australia.   


SIPG to Acquire 79.2% of Jinjiang Shipping

Shanghai Shengdong International Container Terminals. Photo: SIPG

 Shanghai International Port Group Co (SIPG) is all set to acquire 79.2% stake in intra-Asia container line Shanghai Jinjiang Shipping for up to RMB1.94bn ($312.58m).   SIPG plans to buy a 48% stake in Jinjang Shipping currently owned by Shanghai International Group, as well as a 31


Liebherr Container Cranes Heading to Russia

Liebherr STS cranes en route to Fenix Container Terminal, Port of Bronka, St Petersburg (Photo: Liebherr)

Liebherr Container Cranes announced it will deliver four ship to shore container cranes to Fenix Container Terminal, Port of Bronka, St. Petersburg, Russia.   The cranes were designed in Liebherr Container Cranes, Ireland and manufactured in the state of the art facility in Ireland


Kalmar's K-Motion System Reachstackers for Immingham CT

Kalmar Gloria reachstacker featuring K-Motion drive train

  Kalmar, part of Cargotec, has announced a contract to supply Immingham Container Terminal in the UK with four Kalmar Gloria reachstackers equipped with new Kalmar K-Motion technology. The units are part of a significant investment by Associated British Ports (ABP)


DP World's Southampton Licence Extended

DP World Southampton

  DP World Limited announces that it has agreed with Associated British Ports (ABP) to extend the license agreement for DP World Southampton for a further 25 years until 2047.   Simultaneously, DP World announces that it has acquired the remaining 49% stake in DP World Southampton


UPS to Build Facility at DP World London Gateway

Latest aerial shot of the park showing the Logistics Centre, joint venture building and port Photo by DP World

  DP World London Gateway and UPS today announced plans to build a new 32,000 square metre package sorting and delivery facility at the logistics site in the south east of England. At close to £120 Million, the project is one of UPS’s largest infrastructure investments outside of






 
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