Lykes Lines News

The Panama Canal is a strategic crossroads for maritime traffic, and is arguably one of the most important maritime developments in the past century. Here we take a deeper dive into the history behind that famous strip of waterway.The present canal, which saw its first vessel transits in 1914, along with possible alternatives through Nicaragua and Mexico, had actually been on the minds of merchants, explorers and military/political strategists since the Age of Exploration in early 1500’s.

Vessel owners rarely carry cargo for their own account. More commonly by far, a vessel owner will charter its vessel to another party to carry their (or their sub-charterer’s) cargo. The contracts can vary widely – from voyage charters or contracts of affreightment to time charters to negotiable bills of lading (not to mention the more complex arrangements that one often sees for container cargos). But in most instances, vessel owners are in the business of transporting cargo on behalf of others and, all going well, of being paid to do so.

Sea Star Line, LLC announced today that Bill Taylor will assume leadership of Sea Star’s United States sales team as Vice President, US Sales. Eduardo Pagan, who held the position of Vice President, Commercial Services will now hold the position of Vice President and General Manager, Puerto Rico and Caribbean. “We are extremely pleased to have Bill on board as he brings 30 years of sales experience in the ocean transportation industry.” said Peter Keller, Sea Star Line President. Prior to joining Sea Star Line, Taylor held sales and leadership positions with international carriers, CAST, Lykes Lines and CP Ships. Taylor most recently was responsible for managing Tropical Shipping’s Eastern Caribbean service. Mr.

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.

ship management company for the Delaware Bay and the Chesapeake Bay. The first of the two vessels, the Delaware Bay entered into MTC hands through its ship management company, Marine Transport Management, Inc. (MTM) at midnight on Thursday, July 1. Its sister vessel, the Chesapeake Bay will follow on July 22. Newark, New Jersey. The vessels are owned by First American Bulk Carriers Corporation and are on time charter to Royal P&O Nedlloyd. Each of the U.S. Flag container vessels has a 2,400 TEU capacity and is enrolled in the Maritime Security Program (MSP). Both call U.S ports in Newark, New Jersey; Norfolk, Virginia and Charleston, South Carolina and Eastern Mediterranean ports in Italy, Israel, Turkey and Egypt. MTM currently operates five other U.S.

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.

Slovenian shipping firm Intereuropa and port operator Luka Koper canceled a planned merger because the government was demanding the right to veto any management decisions in the new firm. The two companies had planned to merge on July 1. The state owns 51 percent of Luka, while Intereuropa is privately owned. The state's equity in the new company would have been 35.7 percent. "There will be no merger under such conditions where the government would have the right to veto practically every management decision," Radovan Vrabec, Intereuropa's deputy chief executive, said. He said the two companies would be ready to continue merger talks if the government eased its demands. Vrabec said the two firms would not suffer short-term damage due to the failure of the merger.

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…

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…

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…

CP Ships has signed a slot charter agreement with CMA CGM that will enable it to enter the trade between Europe and Asia. The two-year agreement starts in March and by the end of the year the slot charter will reach 1,500 TEU per week in each direction. It will cover CMA CGM's three fixed-day weekly services, French Asia Line, North China Express and Mediterranean Express. Ray Miles, CEO of CP Ships said, "We have been seeking a cost-effective entry into the Europe-Asia trade. In CMA CGM, we have a strong partner with a fine reputation and a well-run service. This co-operation offers an excellent opportunity to build our presence." Jacques Saadé, Chairman of Holding CMA-CGM said, "Over the last few years, we have developed a strong strategic partnership with CP Ships.

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.

Security Program for ten years beginning 1st October 2005. under US flag. total $145 million. The five ships will operate on the TransAtlantic. could be made available in times of war or national emergency. participation in MSP. September 2004.

The U.S. Court of Appeals for the Fifth Circuit ruled that a ship owner must perfect a cargo lien arising under a charter party before the cargo owner pays its freight. In the instant case, the cargo owner contracted with a middleman for the transport of various shipping containers. The middleman chartered a ship owned by defendant. The cargo owner paid the middleman, who neglected to pay the ship owner. The ship owner asserted a lien on the cargo. The court held that, in order to enforce a lien on cargo carried under a charter, the ship owner must perfect the lien by providing actual notice to the cargo owner before the cargo owner has paid under its bill of lading. Lykes Lines Limited v. M/V BBC SEALAND, No. 04-20057 (5th Cir.) (HK Law)

CP Ships Limited today announced that one year after launching fortnightly service between Asia and Australia, it plans to double the frequency to weekly through a vessel sharing agreement with Yantai Marine (SYMS). "The agreement with Yantai Marine enables us to build on the success of our first Asia-Australia service efficiently, without adding additional tonnage of our own," commented Juan Manuel Gonzalez, Executive Vice President. Start-up of the joint service is expected in early August with CP Ships and Yantai Marine each contributing two 1700 teu ships. The port rotation will be Chiwan, Hong Kong, Ningbo, Shanghai, Sydney, Brisbane with connections to CP Ships networks in Asia. At 11 days, the transit time between Shanghai and Sydney will be one of the fastest available.

deployed in its US East Coast-Indian Sub-Continent service. Kanha and Corbett. coming in early January 2006. costly short-term chartered ships. "We have been looking forward to the first of our new ships. service more efficiently. 2003," said Juan Manuel Gonzalez, Executive Vice President. and are currently under construction at Samsung Heavy Industries in Korea. and one in second quarter 2007. Their deployment has not yet been finalized. total to 21 by April 2007. workhorses of our fleet. they arise because of changes in trade demand," Mr Gonzalez added. of a vessel sharing agreement with two other carriers. Colombo, Nhava Sheva, Suez Canal, New York. completes its adoption of a single brand.

Canadian Pacific Limited has agreed to acquire the outstanding 50% of the Americana Ships joint venture from its partner, Transportacion Maritima Mexicana SA de CV of Mexico. CP Ships and TMM formed Americana Ships in January 1999 as an equal partnership. TMM has now decided to narrow its strategic focus to concentrate on its other activities. Completion of the transaction, which is subject to regulatory approval, is expected early in the new year. It will confer full ownership of the container shipping services operated under the Lykes Lines, TMM Lines and TMG brands to Canadian Pacific's container shipping subsidiary, CP Ships. The transaction also includes the 27,000 teu container fleet owned by TMM and used by Americana Ships.

The launching of Lykes Runner on August 29, rounds out the retonnaging of Lykes Lines' North America - Africa Service, East Coast Loop. This multi-purpose Astrakan Mark 3 RoRo ship joins four sisterships already on the service, operating every two weeks between Canada, the U.S. and South Africa - all of which can carry breakbulk, bulk and container traffic - including refrigerated cargo, automobiles and other rolling stock.

Canadian Pacific Limited has agreed to acquire the outstanding 50 percent of the Americana Ships joint venture from its partner, Transportacion Maritima Mexicana SA de CV of Mexico. CP Ships and TMM formed Americana Ships in January 1999 as an equal partnership. TMM has now decided to narrow its strategic focus to concentrate on its other activities. Completion of the transaction, which is subject to regulatory approval, is expected early in the new year. It will confer full ownership of the container shipping services operated under the Lykes Lines, TMM Lines and TMG brands to Canadian Pacific's container shipping subsidiary, CP Ships. The transaction also includes the 27,000 teu container fleet owned by TMM and used by Americana Ships.