Containership Operator News

Any commentator on the maritime business decarbonization voyage will offer something along the lines of "There will be multiple fuels…" With the International Maritime Organization (IMO) meetings of its Maritime Environmental Protection Committee (MEPC) set for early July, it is likely that targets for emissions will be tightened. Whatever mileposts that the IMO actually establishes, there will be no prescriptions handed down on how to get there. By mid-2023, nearly two years after the late 2021 alternative fuels crescendo in the aftermath of the COP26 meetings in Glasgow…

Digitalisation is the maritime game changer. This is why the digital transformation will be in focus at SMM DIGITAL, which has been given the leitmotif “Driving The Maritime Transition”. As a purely digital event, SMM DIGITAL will feature conferences with top-ranking panelists discussing current trends in Smart Shipping. International experts will report about the challenges facing the maritime industry, and highlight attractive solutions.Complex contractual relationships, the enormous dimensions of ships and routes…

X-Press Feeders CFO Shmuel Yoskovitz will take over as CEO, the Singapore-based feeder containership operator announced.Yoskovitz replaces Tim Hartnoll who has served as CEO since 2017. Hartnoll will transtion back to his role as group chairman."I am turning 65 in May, and I am now most keen on ensuring that the dynamism of X-Press is maintained into the future," Hartnoll said. "I have decided to hand the role of CEO to Shmuel effective May 4, 2020, which will enable me to function at a higher level as Chairman of the Group." In addition, Ofir Vilzig will be promoted to Finance Director, the company said.

Singapore’s leading containership operator Pacific International Lines (PIL) has successfully attained Environmental Ship Index(ESI) certification for its fleet comprising of half a million TEUs.According to the shipping company, this is a major milestone for the Singaporean shipowner ahead of the transition towards the Global Sulfur Cap 2020 from 1 January next year.ESI certification is an on-going initiative by the World Ports Sustainability Program (WPSP) and it is a voluntary program for ship owners to enroll their vessels – attesting that their vessels exceed the basic standard set by the International Maritime Organization (IMO).To qualify for certification…

Singapore’s containership operator Pacific International Lines (PIL) collaborates with IBM Singapore in another blockchain trial to design and create an electronic bill of lading which will significantly enhance the documentation process in supply chain management.The PIL-IBM collaboration was supported by Maritime and Port Authority of Singapore, Singapore Shipping Association, Infocomm Media Development Authority, Singapore Customs (National Trade Platform), and Bank of China Limited Singapore Branch (BOC).A Bill of Lading is the crucial piece of documentation in the facilitation of international trade as it contains legal and commercial information such as: Evidence of contract of carriage…

Singapore-based containership operator Pacific International Lines (PIL) said that a naming ceremony of Southern Pearl had taken place at Taizhou Kouan Shipyard in China. The vessel is the first to be owned by PIL’s subsidiary Pacific Direct Line (PDL), the company said.The naming ceremony was graced by PDL board of directors, together with the Godmother of Southern Pearl, Ms. Lucy Bladinières.The ceremony was a huge success and as part of the family, we are immensely proud to witness the christening of the brand new vessel.This vessel will be delivered to PDL in September and it will ply the South Pacific island trade. PIL would like to congratulate PDL for the successful launch of their maiden vessel.Ordered in 2016…

Pacific International Lines (PIL), Singapore’s leading containership operator, announces two upgraded weekly services on the Far East – Red Sea service route. Done in collaboration with Ocean Alliance, the routes named RSS and RES will commence operations in March 2018, superseding the current three services RSS, RS3 and RS5. The route will be operated with a series of 17 x 11,000 to 14,000TEU vessels including its latest newbuilds, the 11,923TEU P Class in the service. The highly efficient and versatile P Class were purpose-built for Red Sea, with a ballast water treatment system fitted onboard and various energy saving measures implemented in its design. The enhanced Red Sea service will extensively cover North Asia and South East Asia with direct connections to the main Red Sea markets.

Robert Joore, the new General Manager of marine lubricants supplier Total Lubmarine, has laid out his vision for the company, focusing on developing a range of innovative solutions for ship operators operating in poor freight markets in a low-sulphur era. Speaking at the company’s headquarters in Paris, Joore said, “Total Lubmarine believes that innovation is the key to success. In 2017 we will continue to invest heavily in developing a generation of marine lubes which are suitable for engines running both low and high sulphur fuels.

GE’s Marine Solutions has signed a contract to provide auxiliary electric systems to containership operator Maersk Line’s second generation Triple-E vessels, thus representing GE’s entry into the container shipping industry. The contract will see GE provide Maersk Line with its new Power Take Off/Power Take In (PTO/PTI) technology, which consists of two drives, two induction motors and a power management system. The solution provides excess power on demand while reducing fuel consumption, GE said.

Poseidon Containers Holdings, a private equity backed containership operator with an initial fleet of 18 vessels, has filed for an initial public offering. It plans to raise $100 million, which is likely only a placeholder as Poseidon has not specified the number of shares to be offered or the price range. Greece-based Poseidon said it plans to apply to list its shares on the New York Stock Exchange under the symbol PCON. Poseidon's initial fleet of 18 container ships includes five Handymax vessels, two Panamax vessels and 11 Post-Panamax vessels. The company said in the filing it has contracted to acquire four vessels from unrelated parties for a total purchase price of $219.2 million.

One of the world’s leading seafaring nations, Denmark has maritime roots stretching back more than 1,000 years. While its history is strong, the Danish market has its collective eyes squarely on the future. In its quest for continued relevance, it seeks to continue delivering innovative technologies, as well as championing green shipping and offshore initiatives. Denmark’s maritime sector fosters engineering expertise within shipping and offshore industries, as well as maritime and technological services.

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. Private equity invested tens of billions in global shipping after the 2008 financial crisis, but weaker Chinese demand and an oversupply of ships has driven down freight rates and caused firms to idle vessels and in some cases file for bankruptcy. At least five private-equity backed shipping firms are seeking share listings…

Costamare Inc. Declares Quarterly Dividend on Its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock. Costamare Inc. (NYSE: CMRE) has declared a cash dividend of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") (NYSE: CMRE PR B) for the period from October 15, 2013 to January 14, 2014. The dividend will be paid on January 15, 2014 to all Series B Preferred Stock holders of record as of January 14, 2014. The declaration of a dividend is subject to the discretion of the Board of Directors of the Company, and accordingly will depend on, among other things…

Maher Terminals, LLC, one of the largest multi-user container terminal operators in North America, has been recognized by Evergreen Shipping Agency (America) Corporation (EGA) as '2012 Marine Terminal of the Year'. EGA serves as North America agent for Evergreen Line, the fourth largest containership company in the world. Evergreen noted that the carrier places great emphasis on providing quality service with a goal to satisfy customers by meeting and exceeding their expectations and keeping them competitive in global trade. "This philosophy is one of the keys to our success and we depend on our vendors to play a significant role in helping us achieve this goal," said Roy Amalfitano, EGA President. "Maher Terminals and its staff provide excellent service to our shared customers," added Mr.

Matson Navigation Company has been awarded with the U.S. Coast Guard's 2006 Rear Admiral William M. Benkert Marine Environmental Award for Excellence. The Benkert Award was created to recognize outstanding achievements in marine environmental protection that go beyond mere compliance with industrial and regulatory standards. Matson was the only containership operator recognized in the 2006 award process, which is conducted every two years. Other recipients of the 2006 award include Dow Chemical, British Petroleum, Marathon Petroleum and Todd Shipyard. The formal awards presentation will take place on June 26 in San Diego. Matson has had a zero discharge policy since 1993 and is still the only container vessel company that has such a program. In 2003, Matson's S.S.

Orders for Wärtsilä RT-flex electronically-controlled common-rail marine engines have passed the 500-engine mark since the RT-flex common rail system was introduced in 1998. Although many of these are of the most powerful RT-flex96C type, progress has been achieved with the smallest, the RT-flex50, which has a rapidly growing order book. The new RT-flex82C and RT-flex82T engine types have also made a good start with orders being booked by Hyundai Heavy Industries Co Ltd and Doosan Engine Co Ltd, both in Korea. The RT-flex common-rail system was introduced by Wärtsilä in 1998 when it was first applied in a research engine. The first production engine then went into service in September 2001.

Longtime industry veteran Joseph F. Daly passed away on April 2, 2005. He was 91 years old. Joseph F. Daly began his career in the transportation industry in 1947 when he joined F. W. Hartmann directly out of the armed forces. A veteran of the US Army, Daly enlisted at age 17 and returned from active duty with the rank of Captain after fighting in the Pacific during WWII. Daly later served as President of F. W. Hartmann, a major steamship agent and freight broker that represented Hansa Line, National Shipping Company of Saudi Arabia, Black Star line, Maritima Andina and others. F.W. Hartmann, together with Norton Lilly, would later form Containership Agency Inc. (CAI), a steamship agency representing Italian Line and Mediterranean Shipping Company.