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Companies In Europe

CMA CGM Acquires OPDR

Photo: OPDR

The CMA CGM Group has acquired the German shipping company Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG (OPDR), CMA CGM founder, chairman and CEO Jacques R. Saadé announced during his visit in Hamburg, Germany on November 25. The closing of the transaction remains subject to the approval of the relevant regulatory authorities. OPDR, a shipping company owned by the Bernhard Schulte Group, specializes in short sea shipping and door-to-door logistics for North Europe, Canary Islands, the Iberian Peninsula and Morocco. With its more than 200 dedicated collaborators and its network of agencies, the company connects Europe, Scandinavia and North Africa.  Farid T. Salem, CMA CGM Group Executive Officer, who led this acquisition, said, “This new acquisition reinforces the group’s presence on the growing intra-European short sea transportation market. This is a continuation of our strategy to broaden our regional network, a strategy which began with the acquisition of MacAndrews in 2002. As with MacAndrews, we plan on maintaining and developing the OPDR company, as well as creating new synergies with both MacAndrews and the CMA CGM Group”. OPDR operates five different services between: North Europe and the Canary Islands, Seville and the Canary Islands, North Europe, Spain, Portugal and Morocco, North Europe and Morocco, North Europe, Spain and Scandinavia.


Iran's European Comeback

Pic: Islamic Republic of Iran Shipping Lines

 Islamic Republic of Iran Shipping Lines (IRISL) has managed to create two companies in Europe in joint collaboration with foreign companies, says Mohammad Saeidi  IRISL managing director.   He didn't provide the details of establishment of the two Iran-Europe shipping companies, but said that the companies have already started cooperation schemes with their European partners.   Saeidi emphasized that the same cooperation schemes are expected to facilitate the shipping


L-3 M&PS Expands in Brazil, Appoints Lobo

L-3 Marine & Power Systems (M&PS) has extended its presence into the Brazilian marketplace by opening a new office and appointing key local staff. All regional operations for the new Brazilian office will be led by Jonas Henrique Lobo. Lobo will serve as the director of business development for the L-3 Marine & Offshore Brazil office, reporting directly to Brian Pope, senior vice president of business development for L-3 M&PS.


Tidewater to Acquire Troms Offshore Supply

US Firm, Tidewater, agrees with HitecVision to purchase Norway's Troms offshore, including 5 large PSV's. Tidewater say that the acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand their global footprint into the Norwegian sector of the North Sea and supplement their experience and vessel fleet operating in harsh environments, including cold climates. The Troms Offshore-owned fleet is expected to include five large


Port of Cleveland’s Express Service Underway

Photo: Spliethoff Group

With the departure of the vessel Fortunagracht out of Antwerp, Belgium over the weekend, the Cleveland-Europe Express service between the Cleveland Harbor and Europe via the Saint Lawrence Seaway has officially launched. The vessel is loaded with breakbulk and containerized cargo and is set to dock in Cleveland around April 17. The Cleveland-Europe Express is the only regular, scheduled international container and noncontainerized cargo service on the Great Lakes


Taiwan Pushes for Local Submarine Program

Image: Taiwan Navy

 Taiwan's president, Ma Ying-jeou, reiterated Taiwan's determination to push ahead with its domestic submarine program to modernize its fleet and bolster the country's defense capabilities.   Reiterating Taiwan's effort to develop its own home-grown submarine program, Ma said "we have the determination and we are definitely confident that we will achieve the goal of building submarines locally."  


Mitsui, Hoegh Establish EML

Mitsui O.S.K. Lines, Ltd. (Tokyo) and Höegh Autoliners AS (Oslo) have set up a 50/50 joint venture in Europe, integrating the existing European short sea and logistics activities of both shareholders and of Euro Marine Carrier BV. The new company, named Euro Marine Logistics NV (EML), was registered in March 2011 and has its offices in Meise (Brussels), Belgium. EML is a common carrier and started trading in the second week of June


UK P&I Club Restructures to Increase Efficiency

The UK P&I Club has announced that it is reorganizing its structure to establish UK Europe as the sole provider of direct insurance to UK Club members.   By reducing the number of separately regulated insurers from two to one, the UK Club aims to streamline governance, reduce compliance costs, and manage more efficiently the Club’s solvency capital requirements, while meeting the impending Solvency 2 regulations for insurers in the European Union.  


Reflex Marine, Fano Kran Partner

RFM-1891-015.jpg

Reflex Marine continues to expand its global network of Accredited Service Centers with its latest addition, Fano Kran-Service A/S (Fano Kran) located in Denmark. Reflex Marine is a company in marine transfer solutions to the offshore, marine and renewable industries and has largely specialized in crane transfer and offshore access with its two key products, FROG and TORO, driving forward improved safety standards


Hapag-Lloyd Boosts Direct EAX Service Between Europe and Australia

Map by Hapag-Lloyd AG

 German liner company Hapag-Lloyd has further improved the Europe Australia Express service (EAX), one of its prime products.   New port calls in Fos sur Mer and Pointe de Galets / Short transit times from Europe to Australia unchanged / Italian port switched to Salerno on Northbound leg.   According to a media statement from the company, as of December, the French ports Fos sur Mer and Pointe de Galets (La Réunion) will be added to the EAX rotation on the Southbound


Virgina Offshore Wind Project Moves Forward

One of DONG Energys turbines in the U.K. (Photo: DONG Energy)

An offshore wind project in the U.S. mid-Atlantic is moving forward, as project owner Dominion Energy Virginia has signed an agreement and strategic partnership with DONG Energy to build two 6-megawatt turbines 27 miles off the coast of Virginia Beach.  


China Acquires Global Ports: FT

File photo: China COSCO Shipping

 With the aim to dominate maritime industry China has been acquiring overseas ports with huge investments which crossed USD 20 bln last year, Financial Times reported.   Beijing has spent billions expanding its ports network to secure sea lanes and establish itself as a maritime power


Japan's Top 3 Shippers Sail to Profit in Q1

File Photo: Nippon Yusen Kaisha (NYK Line)

 The healthy international trade and cost cutting measures augurs well for Japan's to three marine shippers -  Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha - reported Nikkei.   The report said that the three companies are expected to post a group pretax profit for


CMA CGM, SEATRADE Launch Joint Reefer Service

Photo: CMA CGM

Container shipping firm CMA CGM Group and reefer transport specialist SEATRADE Group will together create a new vessel sharing agreement incorporating the services known by CMA CGM as PAD and by Seatrade as MERIDIAN, linking Northern Europe, the East Coast of the U.S


Three Dead, Thousands Rescued in Seas Off Libya

Three migrants died in the Mediterranean on Monday night, a German aid group said, during Italian-led rescue operations in which thousands more were pulled to safety from rickety boats. About 5,000 migrants were picked up off the Libyan coast by emergency services, Italy's navy


Current and Former WWL Execs Accused of Price Fixing

Photo: WWL

Two former and one current executive of the shipping company Wallenius Wilhelmsen Logistics AS (WWL) have been indicted on charges of fixing the prices of some international ocean shipping, the U.S. Justice Department said on Tuesday.  


China’s Largest Box Ships Powered by ABB Turbochargers

Photo: ABB Turbochargers

ABB turbochargers are powering the main engines and auxiliary engines of the largest containership ever built in China, a 20,000 TEU vessel named COSCO Shipping Taurus, launched in June 2017.  This first ship was built by Shanghai Waigaoqiao Shipbuilding Co


Weak US Imports Push European Gasoline East

© Evren Kalinbacak / Adobe Stock

Unusually bloated gasoline inventories in the U.S. during peak summer driving season has kept the transatlantic arb barely workable. EIA data indicates that gasoline imports into the U.S. East Coast (PADD 1) for June averaged 549 kb/d so far, down by 15.4 percent m-o-m


Asia Demand for U.S., Atlantic Basin Crude Oil Jumps

The Port of Corpus Christi is now a major U.S. export gateway for crude oil. CREDIT: Port Corpus Christi

Japan refiners book US crude cargoes for Sept delivery.    Asian demand for crude oil from the Atlantic Basin and the Americas is set to rise as low prices drive Japanese and South Korean buyers to snap up cargoes to arrive ahead of peak winter consumption.  


Asia's Booming Diesel Market Draws Rare European Cargoes

File Image: CREDIT BMT

Rare cargoes booked out of Europe to Asia, Middle East; Indian demand, refinery maintenance boost Asian prices.   Oil traders are shipping diesel out of Europe to Asia and the Middle East where strong demand and tighter supplies have boosted prices


CMR Group Awarded R&D Funding

James Thwaites (left) and Lee Willmott celebrate CMR securing five-figure investment funding from Innovate UK (Photo: CMR Group)

CMR Group said it has won funding support from Innovate UK for a new electrical wiring harness being developed for industrial diesel and gas engines used in harsh environments.   The firm, which specializes in marine control instrumentation and electrical engineering


Digitisation is Priority for FEPORT

Photo: FEPORT

 FEPORT supports the approach of the Estonian presidency and believes that four priorities constitute a consistent strategy for Europe.   The four priorities are:  An open and innovative European Economy, A safe and secure Europe


NITC: Tanker Shipments to Europe Increasing

NITC, Iran's leading oil tanker operator, said on Monday its shipments to Europe were increasing daily and it plans to upgrade its fleet to support expansion.   International sanctions on Iran were lifted in January 2016 and NITC is looking to come in from the cold after years of isolation


Dual Fuel Tug Delivered to Østensjø Rederi

Photo: Gondan

 After completing its sea trials program, Pax, the second dual fuel tug ever built in Europe, has been delivered to its owner, the Norwegian company Østensjø Rederi A/S. The first tug of this kind built in Europe, Dux, was delivered by the company last May.  


Jeremy Nixon is CEO of ONE Ocean Network

Photo: Mitsui O.S.K. Lines

 The management of the new company,  Ocean Network Express Holdings (ONE) -  the joint venture between three Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) was unveiled.  






 
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