Mediterranean Shipping Co Sa News

With Ocean Alliance released its long-awaited network information, with members CMA CGM, China Cosco Shipping, Evergreen Line, and Orient Overseas Container Line to offer 40 services on the east-west trades with 498 port calls, battle looms in the global market as it challenges 2M, another major global container carrier alliance. According to China Daily, with a total carrying capacity of 3.5 million twenty-foot equivalent units, or TEUs, OCEAN Alliance will be able to provide a service coverage in the market on a number of trade lanes including 20 trans-Pacific and six Asia-Europe shipping services. Formed by Denmark's Maersk Line and Switzerland's Mediterranean Shipping Co SA…

Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with MSC-Mediterranean Shipping Co. S.A., Geneva, for one of its Post-Panamax container vessels, the m/v Puelo, a 6,541 TEU container vessel built in 2006. The gross charter rate is $6,500 per day, for a period of 12 months. The charterer has the option to further employ the vessel for a 12 month period, at a gross charter rate of $8,600 per day starting 12 months after delivery of the vessel to the charterer.

Geneva-based Mediterranean Shipping Co SA has expanded the port rotation of its India-South Africa service by introducing a direct call at Hazira, a privately-operated cargo complex on India’s west coast, in an attempt to pick up additional hinterland cargo. Hazira Port, which is about 120 nautical miles north of JNPT, is operated by Adani Ports and Special Economic Zone, India’s biggest port infrastructure developer. "MSC would like to inform customers that we have strengthened our coverage on our South Africa service with the introduction of a weekly direct call at Hazira in addition to Nhava and Mundra," says a statement from the company. The South Africa service, operates with six vessels with vessel capacity of up to 5,400 TEU.

Several of the world’s top container lines are entering in different vessel-sharing alliances following the current wave of mergers and acquisitions among carriers, reports China Daily. There has been reports that had shocked the containership transport industry - the possible mega-alliance between French liner CMA CGM and China Cosco Shipping (COSCOCS), the recently merged China’s biggest shipping line. Formed by Denmark's Maersk Line and Switzerland's Mediterranean Shipping Co SA, the 2M operates more than 2.1 million twenty-foot equivalent units (or TEUs, the industry measurements of capacity of container ships and terminals), and owns 193 vessels.

China's biggest shipping line China Ocean Shipping Corporation (Coscocs) has revealed an ambitious plan to increase its container shipping capacity to hit a 2 million TEUs over the next three years, says China Daily. The company is raising the operational capacity in an effort to seize a larger slice of the cake, known as the East-West and South-North routes. Wan Min, general manager of China COSCO Shipping, said Chinese shipping companies mainly operate container shipping services on Asia-Africa and China-Southeast shipping lines, the competition will therefore focus on major shipping lines in particular Asia-Europe and Asia-America routes.

Adani Group turns its flagship port and India’s biggest commercial port at Mundra in Gujarat into a regional transhipment hub by partnering with Terminal Investment Ltd SA, the container terminal operating company majority owned by Geneva-based Mediterranean Shipping Co. SA (MSC), the world’s second biggest container shipping line. Adani Ports & SEZ Ltd (APSEZL), part of the Adani Group, said it will expand its existing terminal International Container Terminal Private Limited (AICTPL) at Mundra port to develop it into a transshipment hub. AICTPL is a 50:50 joint venture with Terminal Investment Ltd. "The expansion is being carried out to create a transhipment hub for the Middle East, South Asia and India.

China's State Council has approved a merger of the country's two biggest shipping conglomerates, China Ocean Shipping (Group) Company (COSCO) and China Shipping Group Co, the state asset supervisor said on its website on Friday. The combined entity would become the world's fourth-largest container shipper with a roughly 8.1 percent market share. That would be far behind AP Moeller - Maersk A/S, Mediterranean Shipping Co SA and CMA CGM SA. Premier Li Keqiang last week said the government would spend the next two years eliminating overcapacity, with long-term money-losing companies going "under the knife." Reporting by Beijing Monitoring Desk

Diana Containerships Inc., through a separate wholly-owned subsidiary, it has taken delivery of the m/v Hamburg, a 2009-built Post-Panamax container vessel of approximately 6,500 TEU capacity that the Company entered into an agreement to purchase in July 2015. The Hamburg is chartered to MSC-Mediterranean Shipping Co. S.A., Geneva, at a net charter rate of $14,000 per day. Based on the existing time charterparty, the charterer has the option to redeliver the vessel at any time between January 13, 2016 and March 13, 2016. Including the newly delivered Hamburg, Diana Containerships Inc.'s fleet currently consists of 14 container vessels (six Post-Panamax and eight Panamax). Diana Shipping Inc. is a holding company. The company is a provider of shipping transportation services.

Diana Containerships Inc. announced that yesterday it signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated third party two Post-Panamax container vessels, the m/v Rotterdam and the m/v Hamburg. The 2008-built Rotterdam and 2009- built Hamburg are both of approximately 6,500 TEU capacity, and the purchase prices are $37.5 million and $38.5 million, respectively. The m/v Hamburg is chartered to MSC-Mediterranean Shipping Co. S.A., Geneva, at a gross charter rate of $14,000 per day minus 3.75 percent commission paid to third parties. Based on the existing time charterparty, the charterer has the option to redeliver the vessel at any time between January 13, 2016 and March 13, 2016.

Power and automation technology group ABB won two orders in the third quarter to provide the waste heat recovery systems, each powered by a power turbine generator (PTG), for 14 new 8,800 TEU (twenty-foot equivalent unit) container vessels. The first seven post-panamax vessels will be built at Dalian Shipbuilding Industry Co. Ltd., (DSIC) and the other seven vessels at New Times Shipbuilding Co. Ltd., for China International Marine Containers Group Co. and Mediterranean Shipping Co. S.A (MSC).

Box Ships Inc., a shipping company specializing in the transportation of containers, announced today that it has entered into an agreement with an unaffiliated third party to purchase the MSC Emma, a 5,060 TEU Panamax containership built in 2004 at the Hanjin Heavy Industries shipyard in Korea. The $55 million for the acquisition will be financed without issuing any additional equity. The company also announced that it has entered the vessel into a period time charter agreement with Mediterranean Shipping Co. S.A. for three years at a gross daily rate of $28,500 with the charterer’s having an option to extend the time charter at the same rate for an additional one-year term starting upon the vessel’s delivery to Box Ships on or before August 29th, 2011.

Ship Owner Mediterranean Shipping Co. S.A. MSC Linzie is the first vessel of a new vessel type developed and designed by Hanjin which adopts the new Panamax length design of 294.05 m. Apparently the design series and Hanjin's well-established reputation in this niche has proved attractive, as the company has, to date, logged orders for 24 ships of the new design. As mentioned above, its length is the maximum for Panama canal, i.e. 294 m. So it has been designed to move flexibly both in Pacific Ocean and in Atlantic Ocean through Panama canal, which is one of the main feature that makes it popular among the operator. This ship offers the maximum intake of 5,060TEU.

Bloomberg reported that a container ship that ran into difficulties in the English Channel is now being towed to the French port of Le Havre, said an official from the company that hired it. An official at Mediterranean Shipping Co. SA in Geneva, which has hired the MSC Napoli, said the ship was under tow. Earlier today, British Broadcasting Corp. reported that a vessel was sinking in the sea between England and France. The U.K.'s Maritime & Coastguard Agency said the vessel wasn't being towed. All 26 crew have abandoned ship and two Royal Navy helicopters have been dispatched to assist in the operation, which is being led by the French coast guard, the Maritime & Coastguard said in a statement on its Web site.

Starting next year, the price to ship a container across the Atlantic ocean is to soar, as container shipping lines on the Atlantic will be seeking hefty rate increases s next year. Rates for 20 foot containers heading westbound to U.S. Atlantic, Gulf and Pacific ports would rise by $600 from January 1, 2000, carriers in the Trans-Atlantic Conference Agreement (TACA) said. For 40 and 45 ft units the increase would be $750, they said. Eastbound rates from Atlantic and Gulf ports would rise by $160 per 20 ft container and $200 for the larger units, and by $240 and $300 from Pacific ports. The increases reflected a continuing inadequate return on capital deployed in providing Atlantic shipping services, the carriers said.

Starting next year, the price to ship a container across the Atlantic ocean is to soar, as container shipping lines on the Atlantic will be seeking hefty rate increases s next year. Rates for 20 foot containers heading westbound to U.S. Atlantic, Gulf and Pacific ports would rise by $600 from January 1, 2000, carriers in the Trans-Atlantic Conference Agreement (TACA) said. For 40 and 45 ft units the increase would be $750, they said. Eastbound rates from Atlantic and Gulf ports would rise by $160 per 20 ft container and $200 for the larger units, and by $240 and $300 from Pacific ports. The increases reflected a continuing inadequate return on capital deployed in providing Atlantic shipping services, the carriers said.