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Tmm News

24 Aug 2018

Transporting Costs Go Up: TMM

The thirty-sixth edition of the Transport Market Monitor (TMM) by Transporeon and Capgemini Consulting reveals high transport prices due to declining transport capacities and rising fuel costs.In Q2 2018, the capacity index decreased by 36.3% to 70.1 compared to the previous quarter (index 110.1). In Q2 2017 the capacity index was 65.8, which means the index value for Q2 2018 is 6.6% higher than in 2017.The price index increased in Q2 2018 to an index of 107.9, which is an increase 17.2% compared to Q1 2018 (index 92.1). Compared to the price index of Q2 2017, the price index increased by 6.6%.The diesel index showed an increase of 9.3% compared to Q1 2018.In Q2 2018 trade volumes in Europe are expected to decrease by 11.6% to €2060 billion compared to Q1 2018 (€2330 billion).Lars Vitters…

26 Nov 2016

Grupo TMM Orders Damen ASD Tug 3212

Leading Mexican maritime operator, Grupo TMM, has signed a Protocol of Delivery and Acceptance with Damen Shipyards Group for a 70 tonne bollard pull ASD Tug 3212 named TMM COLIMA. The tug will operate in the Mexican port of Manzanillo on the Pacific Coast. Ongoing port modifications and changes in port authority requirements were the driving force behind the deal. Founded in 1958, Grupo TMM has become one of the largest integrated logistics and transportation companies in Mexico. The group provides a dynamic combination of specialized maritime services, port and terminal management and integrated logistics services to an extensive Mexican and international client base.

18 Oct 2013

SENER Appoints Marine Commercial Director for Mexico

HĂ©ctor MartĂ­nez

Héctor Martínez has been appointed Commercial Director of SENER’s Marine Strategic Business Unit in Mexico in addition to his responsibility as Commercial Director of the Aerospace Strategic Business Unit in the same division. These are two business sectors with good growth prospects, in which SENER has operated for several years providing Engineering and Construction services. Born in Mexico, Héctor Martínez is an Electromechanical Engineer graduated from the Pan-American University…

26 May 2011

Spectec Inaugurates New Office In Brazil

Following the opening of the legal entity in Brazil last year, SpecTec is happy to announce the official inauguration of its 25th office worldwide, in Rio de Janeiro that took place on 12th May. The office is located in one of the newest and most beautiful areas of Rio, Barra de Tijuca, in the Centro Empresarial Mario Henrique Simonsen, along Avenida das Americas. The inauguration event was attended by SpecTec’s excellent service suppliers in Brazil, such as the Legal offices Siqueira Castro…

10 Mar 2011

Cruise Shipping Miami 2011 Conference Updated

current topics with audience participation. 9:30 – 11:30 a.m. 1 – 3 p.m. 9 a.m. – 5 p.m. information. 11 a.m. Argentina. and Mar del Plata—some statistics showing the increasing growth. 2 p.m. Record (EHR). processes. management and preventative care onboard cruise ships. targeted to the unique challenges of the cruise ship healthcare setting. 2:30 p.m. control the equipment operations on board cruises ships. not compatible with new hardware. Revive Image System. is now possible. and the ship is free to go on with shipboard operations. 3 p.m. 3:30 p.m. walls and floors. concrete slabs. TCNA Handbook. be covered. shower assemblies will be examined. railing assemblies. 4:30 p.m. 9:30 – 11:30 a.m. A view of the shape of the industry and a look ahead. Gerald R. Adam M. Daniel J. 3 - 5 p.m.

03 Nov 2009

Horizon Delivers Two Vessels in Three Days

Photo courtesy Horizon Shipbuilding, Inc.

Horizon Shipbuilding, Inc., Bayou La Batre, Ala., has met a major corporate milestone by delivering the M/V John Grimsley #59 on Saturday, October 10, 2009 and the M/V Isla San Luis on Tuesday, October 13, 2009. The M/V John Grimsley #59 designed by John Gilbert, is a 140-ft long by 42-ft wide, 9.2-ft draft, towboat vessel that is four-decked and is outfitted for service in areas restricted to overhead clearances and draft limitations. She is powered by two EMD 710 12 CYL engines driving 99” propellers through Nico MGN 5023Z gearboxes. There are two Cummins generators to support ship’s power.

30 Oct 2008

TMM Reports Results

Jose F. Serrano, chairman and chief executive officer of Grupo TMM, said, "Despite weak global economic conditions, in the third quarter of 2008 TMM reported a revenue increase of 24.1 percent, net income of $14m and earnings per share of $.25. The Maritime division continues to produce solid results, confirming our strategy to grow revenues by acquiring vessels. With the acquisition of new vessels in 2008 and 2009, TMM will manage a significantly larger owned fleet than in the past several years. The increase in the number of owned vessels is a direct result of the completed funding of our peso denominated 20-year Trust Certificates Program, which is non-recourse to the Company, and our commitment to capitalize on the growing demands for oil distribution and exploration in .

08 Sep 2008

LR Opens Office in Veracruz

Lloyd’s Register Central and South America Ltd., celebrated the grand opening of its new office with more than 100 clients, employees and local government officials in attendance. After 16 years in its original Veracruz location, Lloyd’s Register’s move to a new, larger facility underscores the significance of Mexico in its overall business strategy for the Americas and the importance of Veracruz for establishing a base for planned expansion into other industries throughout Mexico. Situated on the east coast of , is the oldest port in the country and the main port entrance along the coast, serving the world’s bulk carrier and container ship trade.

15 Apr 2008

Obituary: John Newbold

John "Jock" Newbold died Saturday, April 12, in New York. He was among the most well-known and highly respected figures in shipping and financial circles. Jock was most recently a Non-Executive Director of Castalia Partners Limited and also a member of the Advisory Board of Castalia Straits L.P. Newbold retired from Citigroup in 1997 after a 36-year career, the last 21 of which were spent with Citibank’s business with the shipping industry. From 1985 to 1997, Newbold was Division Executive in charge of the Global Shipping Division with offices in New York, London, Piraeus, Tokyo and Hong Kong. Earlier in his career, he held positions as Head of the Corporate Bank in Japan…

28 Feb 2008

Grupo TMM Reports 4Q and 2007 Financial Results

Grupo TMM reported its financial results for the fourth quarter and 12 months of 2007.

29 Nov 2007

ABS Elects Members and Corporate Officers

At the recent Board of Directors and Council meetings of the international classification society ABS, 26 prominent members of the shipping and offshore industries were elected as new members of the society, as well as a new member elected to its technical committee and two corporate officer positions. Mark W. Angela A. Mike J. Dowdy, Vice President of Engineering, Rowan Companies, Inc. Capt. Angeliki N. Frangou, Chairman & CEO, Navios Maritime Holdings, Inc. Aditya Ashok Garware, Vice Chairman & Managing Director, Garware Offshore Services, Ltd. James J. Gaughan, President, James J. Gaughan & Associates Inc. Dr. Ho-Chung Kim, CEO, Daehan Shipbuilding Co., Ltd. Capt. Tae-Jin Kwon, President & CEO, SLS Shipbuilding Co., Ltd. Jong-Ho Lee, President, JINSE Shipbuilding Co., Ltd.

14 Nov 2001

CP Ships to Acquire Nordana Line

CP Ships, one of the world's top ten container shipping companies, has reached agreement with Dannebrog of Denmark to acquire Caribbean/Latin American market specialist Nordana Line. The acquisition includes Nordana's business and services and its 10,000 teu container fleet. roll-on/roll-off ships owned by Dannebrog and the sub-charter of three chartered-in ships. commented Chief Executive Officer Ray Miles. Nordana operates three services with a total annual volume of about 50,000 teu. and the Mediterranean. A third service operates between the US/Central America and North Coast South America in co-operation already with the CP Ships brands, Lykes Lines and TMM Lines. CP Ships first entered Latin American markets with its 1997 acquisition of Contship Containerlines. Latin America.

10 Apr 2002

CP Ships Reaches Grand Alliance

CP Ships and its partners in the Grand Alliance have reached agreement with Cosco, K Line and Yang Ming to form the Atlantic Space Charter Agreement. As a result of the agreement, which is subject to regulatory review both in the U.S. and EU, one weekly string of five ships with 2,000-teu capacity will be withdrawn by Cosco, K Line and Yang Ming; the agreement is expected to be activated sometime during the second quarter. CP Ships is represented in the agreement by its Lykes Lines and TMM Lines brands. Since October 2000 it has been operating five joint weekly services in the US East Coast/Gulf-North Europe trades with the Grand Alliance.

01 May 2002

RTM STAR Center® to Evaluate Cozumel TMM Pier

RTM STAR Center® has been awarded a contract to perform a simulator-based study by TMM (Transportacion Maritima Mexicana), in cooperation with various cruise lines to investigate access by conventionally propelled vessels, as well as AZIPOD® propelled vessels at the inside berth (eastern side of the pier). These types of vessels were chosen because they are a good representation of the ships that may utilize the docking facilities now and in the future at Cozumel. STAR Center provided a geographical model of the port of Cozumel that accurately depicted the piers, shoreline, aids to navigation, and other distinctive features to ensure a high level of fidelity during the simulation exercises.

24 Jul 2000

TMM Appoints Hesco As Japan Agent

Shipping company TMM Lines appointed Hesco Agencies Ltd. as its new shipping agent in Japan in a move to strengthen operations with the Asian region. As of August 10, Hesco will replace Nippon Maritime Co., TMM's previous shipping agency in Japan. TMM Lines and two other shipping lines were partially owned by Mexico's Transportacion Maritima Mexicana but were sold to its partner Canadian Pacific Ltd. in the year's first quarter. Hesco is a wholly owned subsidiary of the Ben Lines Group.

14 Aug 2000

TMM: Financial House In Order

Mexico's Transportacion Maritima Mexicana SA said it is in a solid financial position and would have no problem paying off $142 million in senior unsecured notes due Oct. 16. Responding to a downgrade in its local and foreign currency corporate debt and unsecured senior debt to B plus from BB minus by Standard & Poor's, TMM said it could reassure debt holders and stock holders it would continue to post improved cash flow. "We have full confidence that we can comply with all our commitments," TMM President Jose Serrano said in a statement. TMM said it believed S&P's had not taken into account $86.3 million it recently received from asset sales and the securitization of its assets.

20 Nov 2000

CP Ships Continues New Ship Spending Spree

CP Ships has taken the next step in its major fleet re-building program by signing a contract with China Shipbuilding Corporation of Taiwan for the construction of five geared 3,200 TEU containerships. They are designed to be employed in CP Ships' South American services. Delivery of the newbuildings will take place between mid-2002 and early 2003. The ships will measure 243 m long by 32.2 m wide, and will be equipped with 400 reefer plugs and operate at a service speed of 22.5 knots. Several containerships built by China Shipbuilding Corp already serve in the CP Ships fleet. With the China Shipbuilding contract, CP Ships has passed the half-way point in a series of retonnaging commitments…

19 Oct 2000

Report: Three Carriers Dominate TransAtlantic Trade

Three new carrier groups now control 58% of the total capacity in the transatlantic container trade, according to World Liner Supply, a new quarterly report from the compairdata.com on-line shipping database. The fourth quarter 2000 issue of World Liner Supply shows that the merger of services and the combination of smaller carrier groups has led to a substantially higher market concentration in the North America/northern Europe container trade. In July, the three largest groups of transatlantic carriers (Grand Alliance, Maersk Sealand and Canada Maritime/Cast/OOCL) controlled 44% of the total trade capacity. As of this month, the three biggest carrier groups (Grand Alliance/Lykes/TMM…

13 Dec 2000

CP Ships, FastShip Announce Agreement

CP Ships has signed an agreement with FastShip to assume commercial and marketing management for FastShip's TransAtlantic services. London-based CP Ships is the TransAtlantic's largest container service operator with twelve separate loops, and the seventh largest world-wide. FastShip, headquartered in Philadelphia, is creating a high-speed Transatlantic transport network. allow for pooling opportunities between FastShip and CP Ships. CP Ships is also taking a small equity position in FastShip. "We see FastShip as a complement to our existing range of TransAtlantic services. By including FastShip as another strong brand among our service offerings we will be able to provide a competitive advantage to customers who require high-speed transport that is less costly than air freight…

21 Jun 2002

CP Ships Takes Delivery of Lykes Ranger

Ships Limited has taken delivery of the 3200 teu Lykes Ranger. It is the first in a series of new geared containerships being built under the company's $800 million ship replacement program and was delivered on schedule by China Shipbuilding Corporation in Kaohsiung, Taiwan. Lykes Ranger entered service on 20th June in Hong Kong to begin deployment in the Asia-Americas trade lane, where CP Ships has two twice- weekly services under the Lykes Lines and TMM Lines brands. It replaces the 3000 teu Hyundai Pioneer, which had been deployed on a short-term charter basis. With four sister ships also built by China Shipbuilding scheduled for deployment in the Asia-Americas trade lane by early 2003, customers will benefit from greater fleet uniformity and improved consistency and flexibility.

08 Mar 2006

Seacor Sells Ships, Stake in Mexican Marine Services Company

According to reports, Houston-based marine services company Seacor Holdings Inc. on Monday said it has sold five vessels and its 40 percent stake in Maritime Mexicana SA de CV to diversified transportation company Grupo TMM SA for $57 million. Seacor, which serves the offshore oil and gas industry, said the five ships are working under time-charter contracts supporting drilling activity in the Gulf of Mexico. Mexico's Grupo TMM has flagged the ships as Mexican. Maritime Mexicana provides marine services along Mexico's Gulf Coast. Shares of Seacor dropped $1 to close at $74.52, while American depositary shares of Grupo TMM fell 10 cents to close at $4.40 on the New York Stock Exchange. Source: AP

01 Mar 2006

Grupo TMM Reports 4Q, Full-Year 2005 Results

Grupo TMM, S.A. reported earnings of $0.41 per share for the fourth quarter of 2005 compared to a loss of $1.62 per share a year ago, and earnings of $3.02 per share for the full year of 2005 compared to a loss of $1.80 per share in the same period of last year. TMM reported the following results for the fourth quarter: Revenue of $88.3 million, up 30.2 percent from $67.8 million the previous year; Operating income of $2.8 million, up from an operating loss of $0.1 million a year ago; Operating margin of 3.2 percent, up 3.3 percentage points from the previous year; Net income of $23.6 million compared to a net loss after discontinuing operations of $92.3 million the previous year.

31 Dec 2002

TMM Guanajuato Joins Fleet

TMM Lines has taken delivery of the 3,200teu TMM Guanajuato. It was built by China Shipbuilding Corporation in Kaohsiung, Taiwan.The TMM Guanajuato is a sister ship of the TMM Colima which was delivered to the line in October. A third sister ship, the TMM Yucatan, is due for delivery in January 2003.The new ships are all part of the TMM Lines strategy to constantly upgrade its equipment, especially its container and ship fleets. "These new ships are larger, faster and even more efficient and reliable," says Juan Manuel Gonzalez, Senior Vice President. "We have also expanded our routes and upgraded other services, especially those available through the website."The TMM Guanajuato will begin operations on the Mexico-Asia Express service…

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