Marco Polo News

19 Apr 2019

Cardiff Port Preps for 2019 Cruise Season

The CMV operated cruise vessel Marco Polo will be making several calls to Cardiff over the summer. Photo: Associated British Ports

The Port of Cardiff is expecting a busy cruise season which starts with the visit of the Cruise and Maritime Voyages-operated Marco Polo on Monday (22nd April), said Associated British Ports (ABP).Between May and June 2019, three cruise calls and over 2000 passengers will utilise port facilities and services provided by ABP South Wales at the Port of Cardiff.Richard Butler, Commercial Manager, ABP South Wales, said: “We are looking forward to once again welcoming thousands of passengers to the Port of Cardiff.

26 Mar 2019

Can the Cruise Shipping Boom Continue?

MSC Cruises, the industry’s largest privately owned company, is in the midst of a $13 billion expansion which will bring its fleet, following the delivery of MSC Meraviglia in 2017, to 25 vessels by the mid 2020’s. Still on order are four Meraviglia class ships. Photo: MSC

As the global cruise industry enjoys it most robust period of growth ever, the question invariably becomes: How long can it last?Cruising, which is a blend of the hospitality and maritime businesses, continues to grow at a historic pace. The Cruise Trends & Industry Outlook publication from Cruise Lines International Association (CLIA) projects a passenger count of 30 million in 2019 – up nearly 2 million from the previous year. By year end 2019 CLIA members – a veritable ‘who’s who’ of the largest brands – will have 272 vessels…

17 Jan 2019

Vietnam Welcomes World's Largest Container Ship

Image: APM Terminals

CMA CGM Marco Polo, the largest container ship in the world, docked at the major international seaport Cai Mep International Terminal (CMIT) in the southern Vietnamese province of Ba Ria-Vung Tau, commencing a new weekly service to transfer cargo directly from Vietnam to Northern Europe.Important guests, including senior government officials will attended the vessel maiden call’s celebrations jointly organised by CMIT and CMA CGM at the Cai Mep terminal in Ba Ria Vung Tau Province.CMIT…

17 Dec 2018

Carnival to Launch Four Ships in 2019

Carnival Panorama (Photo: Carnival)

Carnival Corporation announced it will launch four new cruise ships in 2019 across three of its leading global brands – Carnival Cruise Line, America's Cruise Line; Costa Cruises, the largest European cruise operator; and Princess Cruises,  international premium cruise line. The world will get a preview of one of these spectacular new vessels when Carnival Cruise Line debuts a floral replica of its new Carnival Panorama sailing down Colorado Boulevard in the Rose Parade on New Year’s Day…

30 Jul 2018

Singapore's Offshore Industry Recovering

© ligados / Adobe Stock

A big drag on Singapore's growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren't betting on a return to the glory days anytime soon.The industry, along with a top-class finance sector, has been a key pillar of Singapore's economic transformation into a first world economy since independence from British colonial rule in 1965 and a source of national pride. But a 2014 collapse in oil prices has resulted in thousands jobs lost…

29 Jun 2018

Exceptional Tribute Paid to Jacques R. Saadé

Jacques R. Saadé. Photo: CMA CGM Group

The death of Jacques R. Saadé, Founding President of the CMA CGM Group, roused an emotional response within the Group, in the entire maritime transportation industry and beyond. An exceptional tribute was paid to him on Friday, June 29, during his funeral. Jacques R. Saadé dedicated his life to CMA CGM. All the Group’s employees based in Marseilles were invited to attend the religious ceremony celebrated at La Major Cathedral. Attendees included Jean-Yves Le Drian, Minister for Europe and Foreign Affairs, Mrs.

22 Jun 2018

Cruise Ship Costa Venezia Floated Out

(Photo: Fincantieri)

Italian shipbuilder Fincantieri hosted a float-out ceremony for a new cruise ship under construction for Carnival Corporation’s Italian brand Costa Cruises. The new ship, Costa Venezia, is Costa’s first ship designed and built specifically for the Chinese market.“As our first ship built specifically for the Chinese market, Costa Venezia marks a new era not just for Costa Cruises and Fincantieri but for the Chinese cruise industry as a whole,” said Mario Zanetti, president of Costa Group Asia.

20 Dec 2017

Marcopolo Shipyard Restructuring Approved

Image: Marco Polo Marine

PT Marcopolo Shipyard (PTMS) has secured the approval for its restructuring plan to to place itself under a Penundaan Kewajiban Pembayaran Utang (PKPU) suspension of debt payment. It means, Batam-based unit of Marco Polo Marine has cleared the final hurdle to proceed with debt restructuring for the holding company and its key shipyard subsidiary under the two schemes of arrangement filed with Singapore's High Court. "The Board is pleased to note that pursuant to the above-mentioned application…

02 Nov 2017

Coin Ceremony Held for Costa Venezia

Michael Thamm, CEO Costa Group, CEO Carnival Asia gives speech at Costa Cruises New Ship Coin Ceremony (Photo: Costa Cruises)

Carnival Corporation’s Italian brand Costa Cruises held a coin ceremony for its newest ship, Costa Venezia, which is being built to service the Chinese market from 2019. The new 135,500-ton cruise liner is being built by Italy-based shipbuilder Fincantieri, and is the first Vista-class ship specifically designed and built for China. Michael Thamm, CEO of Costa Group and Carnival Asia, said, “The Costa Venezia demonstrates our strong commitment and confidence in the world’s fastest growing cruise market.

01 Aug 2017

CMA CGM Organized Towing Exercise

Photo taken from CMA CGM Video

The Maritime Prefecture of the Channel and the North Sea, in liaison with the CMA CGM Group and Les Abeilles (Bourbon Group), organized a towing exercise between a large container ship, the CMA CGM Marco Polo, and the Abeille Languedoc, including an ‘intervention’, ‘assistance’ and ‘rescue tug’ (RIAS), off the coast of Le Havre. Thus on y, July 21, 2017 from 1:00 pm to 4:40 pm off Le Havre, the CMA CGM MARCO POLO simulated engine damage to enable the crew of L’Abeille Languedoc…

26 Jun 2017

CMV's Columbus Prepped for Summer Cruising

Photo: DSR

Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion, said it has completed maintenance and repair works on the newest member of CMV’s fleet, the cruise ship Columbus. The full work scope was concluded within a tight timescale, thus ensuring that the vessel could sail to the London Cruise Terminal in Tilbury, U.K. in time for her naming ceremony and inaugural cruise. Several CMV vessels – the Astor, Marco Polo and the Magellan, for example – have made calls at various Damen repair yards in the past.

21 Jun 2017

Dredging: Digging Deep for a 'WIIN'

© Nancy Hochmuth / Adobe Stock

In the waning days of 2016, the outlook brightened dramatically for the big U.S. dredging contractors. Just before Congress dispersed for the Holidays, then-President Obama signed a pivotal piece of legislation – the Water Infrastructure Improvements for the Nation (WIIN) Act, S612. Authorized needed investment in America’s ports, channels, locks, dams, and other infrastructure that supports the maritime and waterways transportation system and provides flood protection. Authorized U.S.

21 May 2017

Marco Polo Seeks Protection from Creditors

Photo: Marco Polo Marine Ltd

The Board of Directors of Marco Polo Marine informed that PT Marcopolo Shipyard (PTMS), has filed an application to place itself under a Penundaan Kewajiban Pembayaran Utang (PKPU) suspension of debt payment plan in accordance with Law on Bankruptcy and Suspension of Debt Payment. On 18 May 2017 and pursuant to the PKPU application filed by PTMS, it was ordered, amongst others, that a temporary restraint of legal proceedings against PTMS be put in place for 45 days commencing from 18 May 2017.

04 May 2017

Recent Vessel Sales: April 2017

Vessel sales for April 2017 (as of May 1) as prepared by Shipping Intelligence, Inc., New York.

02 May 2017

Marco Polo Marine Seeks Suspension

Image: Marco Polo Marine Ltd

Singapore-listed shipping services company Marco Polo Marine requested a trading suspension following an "increasing number" of demand letters from creditors. The marine logistics group has been working on a debt refinancing and restructuring plan. In the 23 April Announcement, the Board had opined that, at that relevant time, no suspension of trading of the Company’s shares was necessary after taking into consideration the various factors listed in the said announcement. Since the 23 April Announcement…

12 Feb 2017

Marco Polo Marine Revenue Drops for Q1

Photo:  Marco Polo Marine Ltd

Marco Polo Marine Group  Group recorded a revenue of S$11.4 million in Q1FY2017, a decrease of 33% from that of S$17.0 million in Q1FY2016. Relative to Q1FY2016, the Ship Chartering Operations’ revenue of the Group decreased by 31% to S$4.4 million in Q1FY2017. The decrease was mainly due to the lower utilization and charter rate for the Group’s offshore fleet. The Ship Building & Repair Operations of the Group also recorded a decrease in revenue of 34% in Q1FY2017 relative to Q1FY2016. The decrease was due mainly to reduced ship building projects.

06 Feb 2017

Cruise & Maritime Voyages selects Damen

Marco Polo at DSAm Photo Damen

Damen Shiprepair Amsterdam (DSAm), part of Damen Shiprepair & Conversion (DSC), has completed maintenance works on cruise vessels Marco Polo and Magellan. Both vessels are operated by British based Cruise & Maritime Voyages (CMV), part of the Global Maritime Group. The works represent the on-going business relationship between Damen and CMV. Marco Polo is certainly no stranger to Damen Shiprepair & Conversion, having benefitted from maintenance stopovers at Damen Shiprepair Vlissingen in the past.

06 Oct 2016

Cruise Season at Lerwick Ends on New Highs

Photo Courtesy Lerwick Harbor

Lerwick Harbor has logged its best cruise season yet, with the Shetland port setting four new records in 2016 – and three expected to be broken again next year. The season closes tomorrow, Thursday 6 October, with another visit by the Cruise & Maritime Voyages-operated Marco Polo, en route from Dublin to Torshavn, Faroe, on a 12-nights Iceland, Faroe and Northern Lights cruise. * Over 50,500 cruise passengers arrived since April, superseding the 2014 record of 43,273. * 79 cruise ships have entered the port, beating the previous high of 52 in 2012.

13 Sep 2016

Jan De Nul NV expands Jamaican Port

CSD Marco Polo & SHB Concepción

Jan De Nul NV is part of a consortium that is responsible for the expansion of the port of Kingston. In 25 months the access channel and the port basin will be deepened, and the berths on the existing quay walls will be reinforced and renovated. Hence, the port will be able to provide access to larger container vessels , which will find their way to the region more easily thanks to the expansion of the lock complex in the Panama Canal. For the dredging activities Jan De Nul NV will mobilize 6 vessels…

07 Sep 2016

Marco Polo Appoints Adviser for Business Review

Photo: Marco Polo Marine Ltd.

Singapore's Marco Polo Marine Ltd, whose business includes building and chartering ships, said it has appointed KPMG Services as an adviser to conduct an independent business review of the company. The company, which has S$50 million ($37.19 million) worth of notes maturing on Oct. 18, said it would hold an informal meeting with holders of the notes on Sept. 13 to present KPMG's review and discuss various options in connection with the notes. Marco Polo is one of several companies in Singapore's offshore and marine sector whose financial results have been hit by the slump in oil prices.

08 Aug 2016

Legendary Maritime Trades: Focus on the Spice Trade

Photo: CMA CGM

While the Silk Road initiated trade between the East and the West starting in the 4th Century BC, the first traces of spice trading, which the Romans loved so much, seem to appear as early as the 1st Century. Over the centuries, and in response to wars and invasions, trade migrated from Land to Sea, a safer way to convey merchandises. The spice trade really grew only in the 14th Century, time of the Explorer Marco Polo, ensuring a faster and safer delivery of these valuable goods. Nowadays, spices continue to cross the seas, and notably onboard of the CMA CGM vessels, claims CMA CGM Group.

22 Apr 2016

Quartet of Cruise Records in Prospect for Lerwick

Cruise passengers at Victoria Pier Courtesy Lerwick Port

The first cruise ship arrival of the year will enter Lerwick Harbour this weekend at the start of a record-breaking season which is expected to see the most passengers and vessels yet at the Shetland port, along with the highest gross tonnage of cruise ships, including the biggest vessels to date. • Almost 54,000 passengers are expected, up on the 2014 record of 43,273. • 78 vessels are currently due, beating the high of 52 in 2012. • The cumulative tonnage at 2,212,023 gross tonnes tops the 1,684,699 gross tonnes set in 2014.

03 Mar 2016

One Small Step toward Sustainable Coastal Shipping

Short sea shipping is alive and well on America’s East Coast. In the United States, counties and states directly on the shoreline constitute less than 10 percent of the total land area (not including Alaska), but account for 39 percent of the total population. From 1970 to 2010, the population of these counties increased by almost 40 percent and are projected to increase by an additional 10 million people or 8 percent by 2020. Coastal areas are substantially more crowded than the U.S. as a whole, and population density in coastal areas will continue to increase in the future.

Maritime Reporter Magazine Cover Dec 2019 - Great Ships of 2019

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