Msc Mediterranean Shipping Company Sa News

Swiss-headquartered shipping giant MSC Mediterranean Shipping Company SA continues to expand with an agreement to acquire towage provider Rimorchiatori Mediterranei.The company announced Sunday a deal through its wholly owned subsidiary SAS Shipping Agencies Services Sàrl to acquire 100% of the share capital of Rimorchiatori Mediterranei S.p.A. from Rimorchiatori Riuniti and a fund managed by DWS’s Infrastructure Investment business.Completion remains subject to the receipt of approvals…

The U.S. Coast Guard boarded a container ship on Saturday in the Port of Long Beach that dragged its anchor close to a subsea pipeline found to be the source of an oil spill off Orange County, California, it said in a press release.The spill released some 3,000 barrels (126,000 gallons) of crude oil into the Pacific Ocean, killing wildlife, blackening the coastline and forcing officials to close beaches south of Los Angeles.In its statement, the Coast Guard said an investigation had determined that the MSC DANIT was involved in the anchor-dragging incident "during a heavy weather event" that impacted Long Beach and Los Angeles ports in January.As a result…

The shipping containers market estimated to grow with a CAGR of 6.5% during the forecast period from 2018 to 2026, said a report.According to ResearchAndMarkets' latest report, the number of goods carried by shipping containers witnessed an extravagant grow from 102 million metric tons in 1980 to 1.83 billion metric tons in 2017.The quantity is projected to claim more than 60% of the world seaborne trade and almost 90% of the non-bulk cargo transported across the globe, it said.The number is quite promising and anticipated to proliferate significantly in the coming years. Therefore, the aforementioned number strongly advocate the consistent…

Leading shipowners and operators, classification societies, engine and technology builders and suppliers, big data providers, and oil companies have signed up to a new Global Industry Alliance (GIA) to support transitioning shipping and its related industries towards a low carbon future. Thirteen companies have signed up to launch the GIA, under the auspices of the GloMEEP Project, a Global Environment Facility (GEF)-United Nations Development Program (UNDP)-International Maritime Organization (IMO) project aimed at supporting developing countries in  the implementation of energy efficiency measures for shipping. Together, the GIA partners…

MSC Mediterranean Shipping Company S.A has resumed vessel operations to Iran, after services were suspended in 2012 in response to trade sanctions. From April 2014, to maintain services to customers, MSC partially resumed operations by utilizing a third party feeder service which allowed cargo to be transshipped in Jebel Ali. On December 31, 2015, MSC’s 9,400 TEU vessel MSC Domitille called at the southern Iran port of Shahid Rajei (Bandar Abbas), marking the beginning of regular calls for MSC and paving the way for resuming business with Iran. MSC Domitille discharged 599 TEUs of cargo, or 300 containers of foodstuffs as well as agricultural commodities.

The MSC Mediterranean Shipping Company S.A Australia Express Service will begin calling at DP World London Gateway Port, the U.K.’s newest deep-sea terminal, following changes to the service. The service will now provide direct calls between DP World London Gateway Port, King Abdullah port in Saudi Arabia, Colombo in Sri Lanka and ports around the Australian coast. It will reportedly be the fastest direct service between Northern Europe and Australia in the market. The call is a new trade lane into DP World London Gateway Port, further enhancing the suite of services on offer to U.K.

Following is the statement of FMC Commissioner William P. We do not take our hands off the wheel just because an agreement is allowed to go into effect without the Commission taking any further action to delay the implementation of the agreement. FMC staff has requested certain information from the parties to the Pacific Ports Operational Improvements Agreement (PPOIA). To date, the response by the PPOIA parties has been incomplete. As a Commissioner I am interested in information including but not limited to service agreements between the vessel operating common carriers and the marine terminal operators, as well as information related to chassis operations.

MSC Mediterranean Shipping Company SA announces the appointment of Mr. Diego Aponte as President and CEO. "It is important that we keep looking forward and that we prepare the company for the future," said Mr. Gianluigi Aponte, founder of MSC. "The Board and I firmly believe that Diego, supported by his senior management, will deliver continued success for MSC and its customers. We already have a number of projects underway which will help improve our overall service offering to clients, whilst improving our efficiencies. It is an exciting time for MSC. Since joining MSC in 1997, Diego has worked in various functions across the business including Line Management where he managed all aspects of the trade.

U.S. Federal Maritime Commissioner William P. The People’s Republic of China has rejected the P3 Vessel Network Sharing Alliance based on the competition concerns in the Asia-Europe shipping market. The U.S. Federal Maritime Commission had the responsibility to review the P3 Parties’ submission for their vessel network sharing alliance on the Trans-Pacific and Trans-Atlantic trade routes. The Commission did not have jurisdiction over the Asia-Europe service route; therefore, the FMC did not issue a decision with respect to that route.

Today, the Ministry of Commerce (MOFCOM) in China announced that they have not given their approval to the P3 Network. On March 24, 2014, the U.S. Federal Maritime Commission (FMC) decided to allow the P3 Network agreement to become effective in the U.S., and on June 3, 2014, the European Commission informed the P3 partners that it had decided not to open an antitrust investigation into P3 and had closed its file. MOFCOM’s decision follows a review under China's merger control rules and is different from the positions of the FMC and the European Commission.

The P3 Network – the long-term operational vessel sharing agreement proposed by CMA CGM, MSC and Maersk Line is subject to regulatory review in jurisdictions in North America, Europe and Asia. In the European Union (EU), the P3 Network was required to conduct a self-assessment. Since its conclusion, the P3 partners have been in voluntary discussions with the European Commission to confirm the P3 partners’ view of P3 being in compliance with EU competition law. Today, the European Commission informed the P3 partners that the Commission will not open proceedings in connection with P3.

The Board of Directors of CMA CGM Group, the world’s third largest container shipping group, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the third quarter 2013. During the period, consolidated revenue amounted to $4.1 billion, up 1.4% over the second quarter and down 2.1% year-on-year. Volumes carried rose by 11% year-on-year to 3 million twenty-foot equivalent units (TEUs), a new historical record for the Group.

The Federal Maritime Commission (FMC) is accepting further public comment on the P3 Network Vessel Sharing Agreement until midnight Friday, November 29, 2013. On October 24, 2013, A. P. Moller-Maersk A/S, CMA CGM S.A. and MSC Mediterranean Shipping Company, S.A. filed the P3 Network Vessel Sharing Agreement with FMC. The proposed agreement would authorize the applicants to share vessels and engage in related cooperative operating activities in the trades between Asia, North Europe, and the Mediterranean on the one hand and the U.S. on the other hand. If the FMC takes no action to seek an injunction or to require additional information, the agreement will become effective on Sunday, December 8, 2013.

The Board of Directors of France’s CMA CGM container shipping group met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter 2013. In the second quarter, consolidated revenue amounted to $4 billion, up 5.6% over the first quarter and down 2.4% year-on-year. The year-on-year decline reflected a 6.9% increase in volumes carried, to 2.9 million TEUs, even as the Group’s average freight rate shrank 8.6% over the period, amid an even sharper contraction in the industry as a whole. During the period, CMA CGM reported $418 million in consolidated EBIT, up 7% year-on-year.

Maersk Line, MSC Mediterranean Shipping Company S.A. and CMA CGM have in principle agreed to establish a long-term operational alliance on East – West trades, called the P3 Network. The aim is to improve and optimise operations and service offerings. The P3 Network will operate a capacity of 2.6 million TEU (initially 255 vessels on 29 loops) on three trade lanes: Asia – Europe, Trans-Pacific and Trans-Atlantic. While the P3 Network vessels will be operated independently by a joint vessel operating centre…