Mediterranean Shipping Company Sa News

Groups representing major retailers and manufacturers urged the White House on Monday to intervene in contentious West Coast port labor negotiations, citing worries about shipping disruptions during critical holiday shopping seasons.The call came after the largest terminal at Southern California's Port of Long Beach closed on Monday as dock workers rally for better pay. Monday's closure followed similar disruptions on Friday in Oakland, California.More than 22,000 dockworkers…

The largest terminal at Southern California's Port of Long Beach closed on Monday as dockworkers who have been working without a contract since July rally for better pay.The Port of Long Beach is the second-busiest U.S. container terminal and a key trade gateway. Monday's closures followed similar disruptions on Friday in Oakland, California.Total Terminals International LLC (TTI) in a notice to customers said all appointments were canceled for the first gate shift. Mediterranean Shipping Company SA (MSC)…

Swiss-headquartered shipping giant MSC Mediterranean Shipping Company SA continues to expand with an agreement to acquire towage provider Rimorchiatori Mediterranei.The company announced Sunday a deal through its wholly owned subsidiary SAS Shipping Agencies Services Sàrl to acquire 100% of the share capital of Rimorchiatori Mediterranei S.p.A. from Rimorchiatori Riuniti and a fund managed by DWS’s Infrastructure Investment business.Completion remains subject to the receipt of approvals…

The U.S. Coast Guard boarded a container ship on Saturday in the Port of Long Beach that dragged its anchor close to a subsea pipeline found to be the source of an oil spill off Orange County, California, it said in a press release.The spill released some 3,000 barrels (126,000 gallons) of crude oil into the Pacific Ocean, killing wildlife, blackening the coastline and forcing officials to close beaches south of Los Angeles.In its statement, the Coast Guard said an investigation had determined that the MSC DANIT was involved in the anchor-dragging incident "during a heavy weather event" that impacted Long Beach and Los Angeles ports in January.As a result…

The global marine diesel engine market is estimated to grow at CAGR above 3.9% over the forecast time frame and reach the market value around US$ 8.1 billion by 2026.The worldwide market for marine diesel engines has expanded mainly as shipping industry needs to decrease carbon emissions, said Acumen Research and Consulting.The shipping industry focuses on developing higher-efficient diesel engines that use less diesel while offering more ship propulsion. However, the latest shipping and shipbuilding downturn has impaired the market.Shipbuilding orders decreased with lower shipping prices. Recovery is anticipated during the forecast period…

The shipping containers market estimated to grow with a CAGR of 6.5% during the forecast period from 2018 to 2026, said a report.According to ResearchAndMarkets' latest report, the number of goods carried by shipping containers witnessed an extravagant grow from 102 million metric tons in 1980 to 1.83 billion metric tons in 2017.The quantity is projected to claim more than 60% of the world seaborne trade and almost 90% of the non-bulk cargo transported across the globe, it said.The number is quite promising and anticipated to proliferate significantly in the coming years. Therefore, the aforementioned number strongly advocate the consistent…

Mediterranean Shipping Company S.A. (MSC), a leading global transportation company, confirmed a pledge to combat illegal wildlife trafficking by signing the Buckingham Palace Declaration at a ceremony in London with HRH Prince William, the Duke of Cambridge. “As a responsible, sustainable company, MSC is proud to be a signatory to the Buckingham Palace Declaration. We play an active role in the crackdown on the illicit trade of wildlife and we will work with conservation organisations and governments to dismantle the connections between buyers and sellers,” said Diego Aponte, President and CEO of MSC. The Buckingham Palace Declaration is an initiative of United for Wildlife…

Seaspan Corporation said it has accepted delivery of the MSC Shuba B, an 11,000 TEU containership that will commence a 17-year fixed-rate bareboat charter with Mediterranean Shipping Company S.A. (MSC). Upon completion of the bareboat charter period, MSC is obligated to purchase the vessel for a pre-determined amount. The MSC Shuba B, which was constructed at HHIC-PHIL INC., is Seaspan’s first 11,000 TEU SAVER design containership in a series of five ships, all of which are signed to bareboat agreements with MSC. Seaspan also announced that it has entered into fixed-rate time charter contracts with a leading liner for two 10,000 TEU newbuilding containerships currently under construction at Yangzijiang’s shipyards.

Leading shipowners and operators, classification societies, engine and technology builders and suppliers, big data providers, and oil companies have signed up to a new Global Industry Alliance (GIA) to support transitioning shipping and its related industries towards a low carbon future. Thirteen companies have signed up to launch the GIA, under the auspices of the GloMEEP Project, a Global Environment Facility (GEF)-United Nations Development Program (UNDP)-International Maritime Organization (IMO) project aimed at supporting developing countries in  the implementation of energy efficiency measures for shipping. Together, the GIA partners…

Global Cargo Shipping Market is expected to grow around 3.45% CAGR during the period 2017 to 2023, says a report by Market Research Future. In recent years, Global Cargo Shipping Market has advanced rather productively. While, increasing number of countries forging of free trade agreements like ASEAN Free Trade Area (AFTA), Trans-Pacific Strategic Economic Partnership (TPSEP) and North American Free Trade Agreement (NAFTA) will boost the growth of cargo shipping market further. In addition, the market is gaining momentum with initiatives such as the One Belt, One Road, as well as the expanded Panama Canal and Suez Canal are expected to positively affect the seaborne trade by generating business opportunities. The key players of the Global Cargo Shipping Market are A.P.

Mediterranean Shipping Company S.A. (MSC) is pleased to inform clients of recent upgrades to our New Kiwi Service operating between Australia, Noumea and New Zealand. MSC’s New Kiwi Service has been running in its current format since February 2015, with fixed weekly port calls into Bell Bay, Tasmania. Due to growing market demand, MSC has further enhanced our service by adding an additional weekly port call into Bell Bay. Now offering two fixed port calls in Bell Bay each week, MSC provides our clients in Tasmania a truly premium service linking Tasmania directly to Noumea, New Zealand and MSC’s global network. Sydney – Brisbane – Noumea – Tauranga – Auckland – Bell Bay – Melbourne – Bell Bay – Sydney.

As Hyundai Merchant Marine (HMM) and Swiss shipping giant  Mediterranean Shipping Company S.A. (MSC)  are expected to enter the takeover battle for the Long Beach Terminal in California, they will aggressively negotiate its price, reports Business Korea. There has been reports that Hanjin Shipping Co. is in talks with MSC to sell its stake in the Long Beach Terminal as part of a plan to dispose most of its overseas assets, after the cash-strapped Hanjin officially announced to sell its stake in the Terminal. More global shipping firms, which operate routes to the U.S., are highly likely to participate in the takeover battle. HMM, which seeks to jump into a nation’s mega shipping firm by acquiring the largest asset of Hanjin Shipping…

Hanjin Shipping Co Ltd is in talks to sell its stake in the Long Beach Terminal in California to Geneva-based Mediterranean Shipping Company S.A.(MSC), reports Reuters. The court overseeing Hanjin's receivership says the company is negotiating with MSC, it's partner in the terminal and which has first right of refusal. Hanjin Shipping owns a 54 percent stake in Total Terminals International LLC, which operates Long Beach Terminal in the U.S. MSC owns the remaining 46 percent. It has appointed an advisor, an overseas firm specializing in shipping industry talks, to help with the negotiations. Hanjin, the first major shipping line to be dragged down by global industry overcapacity and low freight rates…

Mediterranean Shipping Company S.A (MSC) considers the the 8th World Rice Conference, in Thailand is a perfect opportunity to meet customers, detail our enhanced offering for the commodity, and provide further information about our weekly services to major rice cargo destinations around the world, including Africa Continent, USA, East and West Mediterranean, Red Sea and Black Sea. Hundreds of millers, traders, exporters, brokers and suppliers are expected to attend the two-day event, which pitches itself as the premier conference focused solely on the rice industry. MSC said in a statement that it is committed to providing end to end solutions for those involved in the import and export of rice, and has invested resource heavily into assisting traders of this commodity.

Israeli carrier Zim Integrated Shipping Services (ZIM) might join the 2M Alliance between Maersk Line and Mediterranean Shipping Co., Alphaline said quoting industry sources. This news followed the last week's news of South Korea’s Hyundai Merchant Marine (HMM), currently a member of the G6 Alliance, that it was in negotiations to join the 2M partnership. 2M alliance currently consists of Maersk Line and Mediterranean Shipping Company S.A. (MSC). Zim has a 3.3 percent share in the trans-Pacific route, Alphaliner said and that would be good synergy for 2M. Zim is the only major global container ship operator that has not officially joined any of the existing alliances or the new groupings that will begin next year.

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter and nine months ended December 31, 2015. Consolidated total income including other income increased by 15% to Rs.5,779 crores in 9MFY16 as compared to Rs.5,006 crores in the corresponding period last year and the consolidated EBIDTA excluding other income increased by 22% to Rs.3,421 crores in the current nine months as compared to Rs.2,806 crores in corresponding period last year. Consolidated total income increased by 11 % to Rs.1,896 crores in Q3FY16 as compared to Rs.1,704 crores in the corresponding period last year and the consolidated EBIDTA excluding other income increased by 15% to Rs.

Adani Ports & SEZ Ltd (APSEZL), part of the Adani Group, today said it will expand its existing terminal Adani International Container Terminal Private Limited (AICTPL) at its flagship Mundra port. AICTPL is a 50:50 JV with Terminal Investment Ltd, an arm of Swiss-based Mediterranean Shipping Company S.A, the second largest shipping liner in the world. The expansion is being carried out to create a transhipment hub for the Middle East, South Asia and India. Upon completion, AICTPL will emerge as India’s largest container terminal with a total quay length of 1,460 meters and cargo handling capacity of 3.1 million TEUs. It will be equipped with 15 super post panamax quay cranes, capable of handling 18,000 TEU container vessels at the terminal.

MSC Mediterranean Shipping Company S.A has resumed vessel operations to Iran, after services were suspended in 2012 in response to trade sanctions. From April 2014, to maintain services to customers, MSC partially resumed operations by utilizing a third party feeder service which allowed cargo to be transshipped in Jebel Ali. On December 31, 2015, MSC’s 9,400 TEU vessel MSC Domitille called at the southern Iran port of Shahid Rajei (Bandar Abbas), marking the beginning of regular calls for MSC and paving the way for resuming business with Iran. MSC Domitille discharged 599 TEUs of cargo, or 300 containers of foodstuffs as well as agricultural commodities.

The Geneva-based Swiss company, Mediterranean Shipping Company S.A. (MSC), which is the world’s second-largest shipping line in terms of container vessel capacity, has returned to Iran more than six years after it docked at an Iranian port the last time. According to Tasnim news agency, the Swiss ship MSC Domitille arrived at the second terminal of largest Iranian port Shahid Rajaee on Thursday. This follows the implementation of a recent nuclear deal between Tehran and world powers, which will terminate all anti-Iran sanctions. Ebrahim Eidani, the director-general of Ports and Maritime Organization of Hormozgan province, said the ship was the first one belonging to the Swiss company docking in Iran after six years.

Following is the statement of FMC Commissioner William P. We do not take our hands off the wheel just because an agreement is allowed to go into effect without the Commission taking any further action to delay the implementation of the agreement. FMC staff has requested certain information from the parties to the Pacific Ports Operational Improvements Agreement (PPOIA). To date, the response by the PPOIA parties has been incomplete. As a Commissioner I am interested in information including but not limited to service agreements between the vessel operating common carriers and the marine terminal operators, as well as information related to chassis operations.

The Islamic Republic of Iran Shipping Lines and the country’s leading ports operator, the Tidewater Middle East Maritime Company, have been removed from the US list of companies designated for sanctions and assets freeze, reports Press TV. International shipping lines are already stepping up port calls to Iran as the country’s massive maritime trade sector is emerging from the sanctions. U.S. sanctions barred IRISL fleet of about 170 vessels from sailing in international waters. They also prohibited international shipping companies from calling on Iranian ports. Iranian Transport Minister Abbas Akhoundi, however, said earlier this month that ships from eight major international transportation companies had started to dock at Iran’s southern ports. Mediterranean Shipping Company S.A.

The MSC Mediterranean Shipping Company S.A Australia Express Service will begin calling at DP World London Gateway Port, the U.K.’s newest deep-sea terminal, following changes to the service. The service will now provide direct calls between DP World London Gateway Port, King Abdullah port in Saudi Arabia, Colombo in Sri Lanka and ports around the Australian coast. It will reportedly be the fastest direct service between Northern Europe and Australia in the market. The call is a new trade lane into DP World London Gateway Port, further enhancing the suite of services on offer to U.K.

Doosan Engine has reported that the initial start of an MAN B&W 11G95ME-C9.5 two-stroke engine took place during October 2015 at its works in Korea, followed subsequently by a successful shop-test. According to MAN Diesel & Turbo, the engine – rated at 103,000 horsepower – is the largest and most powerful engine from its portfolio ever to be designed and built. The engine is the first in a series of six bound for six 19,160-teu containerships ordered by one of the world's largest shipping lines, Mediterranean Shipping Company S.A. (MSC).