MSC Acquires Portugal Intermodel CP Carga
Swiss Mediterranean Shipping Co. (MSC) has finalized the acquisition of CP Carga, the freight and logistics unit of Portugal’s state-owned railway. MSC Rail, railway company of MSC, has completed the acquisition of the CP Carga - Logística e Transportes Ferroviários de Mercadorias SA, railway company established in 2009 and formerly owned by the group's entire public rail Portuguese Combois de Portugal (CP).
COSCO Eyes Port of Limassol in Cyprus
After acquiring control of Greece's Piraeus Port Authority SA, China Ocean Shipping (Group) Company (COSCO), is now bidding to run the port of Limassol on the island of Cyprus, in a bid to extend its reach in the Mediterranean Sea. A total of 14 companies have submitted bids for the commercialisation of Limassol port, the Cypriot Ministry of Transport, Communications and Works announced. Among the bids…
Mercator Sells Five Bulkers
Singapore’s dry bulk shipping company Mercator Lines Limited has has entered into Memoranda of Agreements to sell five bulk carriers, the company’s judicial manager said. The judicial manager appointed to oversee the bankruptcy of Mercator Lines (Singapore) has announced five ships of the listed dry bulk subsidiary of the Indian owner are to be sold to lenders for $32.3m. The vessels are M.V. Sri Prem Veena, M.V. Garima Prem, M.V. Garv Prem, M.V. Gaurav Prem and M.V.
Sick jihadis to Target Cruise Ships in the Mediterranean
Islamic State (ISIS) militants armed with Russian weapons could commit brutal terror attacks on cruise ships in the Mediterranean, Vice Admiral Clive Johnstone, the UK’s highest naval officer in Nato has warned. NATO is aware of the fact that the Islamic terrorists group wants to create a maritime arm and use the Mediterranean to freely travel along the North African seaboard, target maritime trade and oil platforms, and control the maritime access, Clive said.
Dry Bulker Business Down, Says MOL
In the dry bulker business, the market is deteriorating to a new record low due to the imbalance of fleet supply and demand, along with stagnant cargo trade resulting from the slowdown in China’s economy since last fall, says Mitsui O.S.K. Lines, Ltd. Regarding the containership business, cargo volume, mainly for Europe and emerging countries, hovered at low levels while a succession of newbuilding vessels came into service, keeping freight rates at historic lows.
Microsoft Mogul's Yacht Destroys Coral Reefs
The anchor chain of 303-foot mega-yacht, the Tatoosh, belonging to Microsoft co-founder Paul Allen has been blamed for destroying a large area of protected coral reef in the Cayman Islands. It destroyed almost 14,000 square foot, or about 80 per cent, of reef in a protected area in the West Bay area of the Cayman Islands, according to the islands' Department of Environment (DoE). Allen's Seattle-based Vulcan Inc organisation…
MOL Car Carrier Rescues Castaway
Mitsui O.S.K. Lines, Ltd. has announced that on January 20, 2016, the MOL-operated car carrier TRIUMPH ACE safely rescued a survivor about 80km offshore of Mexico. Details of the rescue follow: At 08:50 (all times in local time) on January 20, 2016, the TRIUMPH ACE, sailing from the Port of Mazatlán, Mexico to Port of Balboa, Panama found a drifting person and immediately changed course to approach the castaway, and started rescue operations.
SS United States: Deal Reportedly brokered to Save Historic Ship
A deal has been brokered to save the historic liner SS United States, with full details scheduled to be announced in New York City on Thursday, February 4, 2016. Once the queen of the express liners, and the fastest, safest and biggest passenger liner in history, the SS United States for years has quietly awaited rescue in Philadelphia. Built by Newport News Shipbuilding and Drydock Co. (now Huntington Ingalls Industries (NYSE: HII) and designed by legendary William Francis Gibbs (Gibbs & Cox…
All-Electric Ferry Development Underway
Art Anderson Associates and partner EESImarine have been developing concepts for an all-electric ferry and are now teaming to generate funding for the implementation of the concept for Skagit County’s Guemes Island-Anacortes passenger and car ferry replacement. After careful study of the Guemes Island Ferry route, Art Anderson Associates proposed to the Skagit County Board of Commissioners the all…
Modern Piracy & International Shipping ... the Challenge Continues
Travelling by ship, whether for trade, exploration or war, has been one of the most important parts of human history. As the global economy progressed and developed, the importance of shipping skyrocketed. While the advent of the car and plane heralded new eras of transportation, shipping has always been of vital importance to humanity. Vessels have changed dramatically over the years, but continue to be responsible for the bulk of international trade.
Interview: Frederic Fontarosa, WSS Ships Agency
Wilhelmsen Ships Service (WSS) is aiming to consolidate its position within the Ships Agency segment by building stronger agent-customer relationships. By doing so, Frederic Fontarosa believes the firm can offer enhanced efficiency, understanding and value. Frederic Fontarosa is a people person. Mixing an easy going, laid back French-American drawl with suddenly energetic outbursts on subjects close to his heart, he’s engaging to talk to and easy to like.
Iran Slowly Offloads Stockpiled Oil
Iran is slowly winding down stocks of oil stored on tankers close to its shores and the process is likely to take longer than Tehran had wanted, despite the lifting…
CMA CGM Steps Up Iran Presence
France's CMA CGM, the world's third-largest container shipping group, will expand its presence in Iran after signing a landmark deal on Thursday with the Islamic Republic of Iran Shipping Lines (IRISL). Many Western businesses are seeking to invest in Iran, a nation of 80 million people, after many sanctions linked to the Persian nation's nuclear program were lifted this month. The preliminary agreement between CMA CGM and IRISL…
Port of Indiana-Jeffersonville Breaks Annual Shipping Record
For the second year in a row, the Port of Indiana-Jeffersonville set an annual shipping record with total cargo tonnage for 2015 exceeding the previous year's volume by nearly 16 percent.
Dutch Discussing Plan to Ferry Refugees Back to Turkey
Senior Dutch government officials are discussing a plan to ferry refugees arriving in Greece back to Turkey to stem the flow of migrants seeking refuge in Europe…
Port of Beaumont Celebrates Centennial
2016 marks the 100th anniversary of the Port of Beaumont, a major deepwater port in Southeast Texas. A series of celebrations and public events began October 20th, when the Greater Beaumont Chamber of Commerce presented the port with its Spindletop Award for outstanding corporate citizenship. A record crowd of 800 people were on hand for the 112th annual Chamber meeting, where keynote speaker, Texas Lieutenant Governor Dan Patrick, saluted the port for 100 years of service.
Incat Crowther Delivers Passenger Ferry to Honduras
Incat Crowther has announced the delivery of Utila Dream, a 244-passenger 30m Catamaran Passenger Ferry, built by Midship Marine in Louisiana. Utila Dream was recently delivered on its own bottom to Honduras where she has commenced operation between the island of Utila and the mainland city of La Ceiba, a journey of approximately 21 miles. Designed specifically for rough water operation, Utila Dream heralds a new era of ferry service for the island…
Veson Nautical Adds 42 Clients
Veson Nautical, a provider of commercial maritime software and services, has announced that despite challenging times in the shipping industry, the company has…
IMRF: People in Distress Should be Rescued by All Vessels
Recent reports that some would-be rescuers do not fully understand the legal context of rescue at sea, and may have been deterred from helping people in distress because of possible legal action by local authorities seeking to counter trafficking activity are misplaced, according to the International Maritime Rescue Federation (IMRF). Bruce Reid, IMRF’s Chief Executive Officer, says: “Great work is being done by professional rescue crews from all over Europe…
Samskip Extends Shortsea Services in Norway
Samskip has expanded its shortsea service network in Norway with Kristiansund and Molde by adding Gjemnes as its 10th port of call. The multimodal solution provider describes the move as its latest strategic step to intensify Samskip’s presence in the Nordic region and enhance efficiency. It follows on from the introduction of the larger capacity 657 TEU container vessel MV ALK into Norwegian West Coast shortsea services in mid-2015.