CMA CGM to Build World’s Largest Containerships at Chinese Yards
SHANGHAI, Aug 23 (Reuters) – French shipping group CMA CGM plans to build nine of the world’s largest container ships at two Chinese shipyards, the state-run China Daily newspaper reported on Wednesday.
Shanghai Waigaoqiao Shipbuilding Co confirmed that it and its sister yard Hudong-Zhonghua Shipbuilding (Group) Co, had received a letter of intent from CMA CGM for the ships, which would be capable of carrying 22,000 20-foot equivalent unit containers (TEU), the newspaper said.
Rumored CMA CGM Megaship Order Could Send Ripples Across Tradelanes
The final order was subject to board approval from both sides, the newspaper said. Both yards are owned by state-run China State Shipbuilding Corporation.
CMA CGM did not immediately respond to a request for comment. Calls to Shanghai Waigaoqiao Shipbuilding and Hudong-Zhonghua Shipbuilding outside office hours were not immediately answered.
Should they be built, CMA CGM’s 22,000 TEU vessels will leapfrog the OOCL Hong Kong to take the crown of the world’s largest container ships. The OOCL Hong Kong has a carrying capacity of 21,413 TEU.
(Bloomberg) Total SA agreed to buy the oil and gas unit of A.P. Moller-Maersk A/S, the French company’s biggest acquisition since 1999 and another sign of the accelerating pace of energy deals after a long downturn. Total will pay Maersk with $4.95 billion of its own shares and assume $2.5 billion of the Copenhagen-based company’s debt, according to a statement on Monday. The full transaction value of $7.45 billion is above what some analysts were expecting and Maersk shares jumped as much as 5.7 percent following the announcement.
Our company RUSSIA SHIP SUPPLY CO LTD arrange best provision, bond stores and catering service in all main ports of Russia. Such as Adler, Sochi, Tuapse, Novorossiysk, Port Kavkaz, Taman, Temrjuk, Kerch, Eysk, St Peterburg, Primorsk, Ust-Luga, Vysotsk, Kozmino, Nakhodka, Vladivostok, Vostochniy, Vanino, Kaliningrad, Murmansk, Korsakov, Kholmsk, Shakhtersk, Arkhangelsk, Nevelsk and other ports according your request.
Hapag-Lloyd and United Arab Shipping Company (UASC) merged yesterday (May 25, 2017). The merger between the two liner shipping companies was completed in Hamburg.
With 230 vessels and a shared fleet capacity of approximately 1.6 million TEU, Hapag-Lloyd is the fifth-largest liner shipping company in the world. Hapag-Lloyd will remain a publicly traded company registered in Germany with its headquarters in Hamburg.
“This is an important strategic milestone and a big step forward for Hapag-Lloyd,” said Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd. “We now not only have a very strong market position in Latin America and the Atlantic, but also in the Middle East, where we will become one of the leading carriers. Our priority now is a smooth and fast integration of UASC and Hapag-Lloyd.” https://www.marinelink.co...
The outlook for the 2017 financial year is based on the Hapag-Lloyd Group’s existing business activities as at 31 December 2016 and therefore does not include UASC’s business activities or the acquisition of UASC in 2016.
A statement from the company said that the present outlook for the business 2017 will be omitted following the merger of Hapag-Lloyd and UASC which is expected to be completed at the end of May 2017.
With the publication of the next financial report,Hapag-Lloyd plans to issue an outlook for the business 2017 of the combined group which will include the business activities of UASC as well as the UASC financial statements for 2016.
The planned merger should generate annual synergies of USD 435 million from 2019 onwards, thanks in particular to the optimisation of joint networks and administrative functions.
Following the closing the timely integration of the UASC business activities and the realisation of the related synergies will have top priority. One-off expenses of approximately USD 150 million are likely to arise from the transaction and implementation of the merger.
The merger of Hapag-Lloyd and UASC was not completed at the time of the preparation of the Q1 2017 interim financial report. Although the current earnings forecasts do not include revenue and earnings effects or changes in value following the planned consolidation of UASC, the material factors arising from the planned merger with UASC will be discussed below.
Hapag-Lloyd released indicative pro-forma figures for UASC when the corporate bonds were issued at the start of 2017. www.maritimeprofe...
Commission approves acquisition of Hamburg Süd by Maersk Line, subject to conditions
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of container liner shipping company Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) of Germany by Maersk Line A/S of Denmark, subject to conditions.
Both Maersk Line and HSDG are active worldwide in container liner shipping. The clearance is conditional upon the withdrawal of HSDG from five consortia on trade routes connecting (i) Northern Europe and Central America/Caribbean, (ii) Northern Europe and West Coast South America, (iii) Northern Europe and Middle East, (iv) the Mediterranean and West Coast South America and (v) the Mediterranean and East Coast South America. On these routes, the merged entity would have faced insufficient competition after the transaction.
Commissioner Margrethe Vestager, in charge of competition policy, said: ‘Competitive shipping services are essential for European companies and for the EU’s economy as a whole. The commitments offered by Maersk Line and HSDG will maintain a healthy level of competition to the benefit of the very many EU companies that depend on these container shipping services.’ www.hellenicshipp...
Maersk Line and Dr. August Oetker KG sign the sale and purchase agreement on the sale of Hamburg Süd
On December 1, 2016 Dr. August Oetker KG announced that it will after 80 years divest from its shipping interests and that intends to sell the ownership of Hamburg Süd and all its affiliates including the main business assets (vessels and containers) to Maersk Line A/S, Copenhagen, Denmark. Now, the parties have signed a Sale and Purchase Agreement which in the coming weeks will be reviewed and authorized by the respective Supervisory Boards and Shareholder Assemblies between end of April / mid May. Subject to the approval by the competent regulatory bodies the Closing may take place at the end of this year.
CMA CGM says it has no immediate plans to order new ships, delays trio of delivereries
Announcing its full year results on Friday, France’s CMA CGM has said it has no immediate plans to order any
new ships. The world’s third largest containerline, which registered a $452m loss for last year, said it did not
anticipate any new ship orders on a short-term basis in order “to maintain the still delicate balance between
supply and demand”.
Maersk Line, the world’s largest liner, has made similar announcements on recent months. CMA CGM also revealed it has postponed to 2018 the delivery of three vessels originally planned for this year. While registering a massive annual loss, senior management at the Marseille-headquartered firm will have been buoyed by the final quarter of 2016 it managed to register a $45m profit. Source Splash 24/7
Ship supply, Shipchandlers, Ship chandler, Chandlery, Provisions supply. Our company, which was founded in 2001, is engaged in the supply of shipstore, food, spare part,and duty-free goods. Arrange service at port Vladivostok, Nakhodka, Kozmino, Vostochny, Vanino, Posyet, Korsakov, Kholmsk, Shakhtersk.
Our headquartered is located in Russia, Vladivostok. Branch office is located in Nakhodka, Korsakov, Kholmsk, and Magadan port. We have a professional team with experience, proficiency, and professionalism. Ship-chandler Ship Supply Ship Provision services At the next ports of Russia: Adler, Sochi, Tuapse, Novorossiysk, Port Kavkaz, Taman, Temrjuk, Kerch, Eysk, St Petersburg, Primorsk, Ust-Luga, Vysotsk, Kozmino, Nakhodka, Vladivostok, Vostochniy (Vostochny), Vanino, Kaliningrad, Murmansk, Korsakov, Kholmsk, Shakhtersk, Magadan and etc.
By the service network spreaded the major ports all over the country , we can provide high-quality service for the foreign vessels around the world with reasonable price, and timely supply. After many years of practice, we have established a rich inventory of materials with customized schedule, and we strengthened the company information technology system, developed a database system for ship materials. Now we achieve the automated management of quotation, procurement, inventory, so that to ensure that customers around the world can get accurate, rapid, and uniform services.
Also our company arrange following service in following ports:
Ship Supply Vladivostok
Ship Supply Nakhodka
Ship Supply Vostochny
Ship Supply Adler
Ship Supply Sochi
Ship Supply Novorossiysk
Ship Supply Port Kavkaz
Ship Supply Taman
Ship Supply Kozmino
Ship Supply Vostochniy
Ship Supply Vanino
Ship Supply Kaliningrad
Ship Supply Shakhtersk
Ship Supply Magadan
Ship Supply Murmansk
Ship Supply Korsakov
Ship Supply Kholmsk
Ship Supply Temrjuk
Ship Supply Kerch
Ship Supply Eysk
Ship Supply St Petersburg
Ship Supply Saint Petersburg
Ship Supply Primorsk
Ship Supply Ust-Luga
Ship Supply Vysotsk
Hamburg shipping companies Ahrenkiel Steamship and Vogemann merge their activities
The Hamburg shipping companies Ahrenkiel Steamship GmbH & Co. KG ("Ahrenkiel Steamship") and H. Vogemann Reederei GmbH & Co. KG ("Vogemann") are merging their activities involving the technical management of bulk carriers, the company said in its press release. The joint venture set up for this purpose, with the name of Ahrenkiel Vogemann Bulk GmbH & Co. KG ("AVB"), starts out managing a fleet of 14 bulk carriers with a total freight capacity of around 1 million tdw including three vessels of Hamburg-based KG Reederei Roth GmbH & Co. ("Reederei Roth"). The fleet's focus is currently on the Supramax and Panamax segments, but there are plans to branch out into other size categories. For example, two new Handysize vessels are expected to go into service at Reederei Roth in the first quarter of 2017 and will likewise be managed by AVB.