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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.  

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 Invests in London Gateway

Left to right: London Gateway CEO Simon Moore, DP World Group CEO Mohammed Sharaf, The Lord Mayor of the City of London Fiona Woolf, and The Lord Mayor’s Consort Nicholas Woolf.

The Lord Mayor of the City of London, Fiona Woolf, welcomed the foreign direct investment by Dubai’s DP World into London Gateway, while visiting the recently opened deep-sea container port and Europe’s largest logistics park.

Rotterdam port's throughput almost stable

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type, less crude oil (-2%), mineral oil products (-14%) and other liquid bulk cargo (-14%) were transferred

Cummins Launches QSK60 Power Emergency Genset

Cummins QSK 60 generator

Cummins announced the latest addition to the C Power product line, the QSK60 C Power (CP) emergency generator set. Engineered by the Cummins Center of Excellence for the demands of offshore applications, the QSK60 C Power genset is driven by the QSK60 marine auxiliary engine with MCRS fuel system

Multi-Purpose Common User Facility At DP World London Gateway


  In another milestone in the development of its London Gateway Logistics Park, DP World has announced Buckingham Group has been awarded the contract to build the Common User Facility (CUF).   Following a period of ground preparation and development of key infrastructure by DP World

Perils of Heavy Ship Containers Debated

Chris Evans speaking at the WISTA-UK Forum (Credit WISTA)

Maritime experts are torn on how to curb the menace of overweight shipping containers, which cause severe accidents at sea and on the roads. The difficulties of resolving false declarations of the weight and content of boxes were underlined during a panel discussion at the WISTA-UK Liverpool Forum

Hammond Commends DP World London Gateway

RT Hon Stephen Hammond MP and London Gateway Team

The UK’s Parliamentary Under-Secretary of State for Transport and Wimbledon MP, Rt. Hon. Stephen Hammond MP has paid a visit to DP World London Gateway to congratulate the team on their success. During Hammond’s last visit in January 2013

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.  

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