Marine link
 

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


CMA CGM Increases Global Trade to Liverpool

CMA CGM route web.jpg

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


Lion Containers Joins Achilles FPAL

Lion DNV Containers.jpg

Lion Containers Ltd. announced that it has joined Achilles FPAL, the supplier management community supporting the European oil and gas industry. Achilles FPAL is a community used by major buying organizations within the oil and gas sector


Security & Risk Consultants CHQ Advise London Gateway

London Gateway: Photo courtesy of CHQ

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


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


Emerson Acquires Marine Controls Business From Johnson Controls

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 Launches 18m Catamarans

IC11060_Press03WEB.jpg

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.  


Containerships Figure in Disaster Relief Plan

Photo credit DARPA

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


London's New Container Port to Hold Jobs Fair

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.


First Ship Docks at London Gateway Terminal

London Gateway Project: Artists Impression Credit DP World

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


Change of Guard at BIMCO

Mr. Angus Frew

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


Super Cranes Arrive in Britain

Photo: ISS

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


Hapag-Lloyd Increases Freight Rate in 2012 Financial Year

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.


ISO Tank Containers Equipped for Hook Lifting

Photo: Langh Ship Cargo Solutions

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


M&S Plan Major Logistic Centre at DP World's London Gateway

Company Executives Stride Forward: Photo credit DP World London Gateway

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


Thamesport’s Woes Signal U.K. Ports Shake Up

Aerial view of Hutchison Port Holdings controlled London Thamesport container terminal (Photo: Drewry)

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


 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright