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The latest news from companies at Pages.

1,558 days ago by arnekiel

MSC breaks 2mio TEU mark
GENEVA's Mediterranean Shipping Company's (MSC) fleet has broken the two million TEU mark with following the delivery of the 12,552-TEU MSC Fillippa, according to Paris-based maritime consultancy Alphaliner. MSC market share has increased from 4.4 per cent in 2000 to 12.9 per cent today and ranks second after Maersk, which has a 15.3 per cent market share, with a total operated capacity of 2.38 million TEU. MSC has doubled its fleet capacity since November 2006. The company's growth has been phenomenal and MSC attained and average annual growth rate of 21 per cent since January 2000 when its operated capacity only was 225,000 TEU. Maersk passed the two million TEU mark in April 2008.

Mitsui expands container fleet
Mitsui O.S.K. Lines, Ltd. today announced a decision to order two 8,600teu containerships from Mitsubishi Heavy Industries, Ltd., with delivery slated for 2013. Along with eight 8,100 TEU ships already in operation, the new vessels will be deployed to Asia-Europe routes, the Company's press release said. The company also reached an agreement with NOL Group* for a three-year charter of five large containerships (14,000 TEU) of 10 t hat NOL Group has on order. The five chartered ships will be delivered in 2013 – 2014 and will serve with the other five operated by APL on Asia-Europe routes.

1,560 days ago by arnekiel

Maersk Line has contracted a further 10 container ships of the Triple-E class
Maersk Line has contracted a further 10 container ships of the Triple-E class. This exploits Maersk Line is using one of the two options on the contracting of additional ships, when, in February ordered the first 10 giant large container ships on the South Korean shipyard. "We have now ordered a total of twenty Triple-E ships. They underline our strong commitment to the trade between Asia and Europe, and they fit well with our ambitions and expectations for the future development of trade. We think the Triple-E ships with their record-breaking capacity and energy efficiency will enable us to meet our clients' commercial and environmental expectations, while they will give us a significant competitive advantage in the market, "says Eivind Kolding, CEO of Maersk Line. The price of the 10 ships which have a capacity of 18,000 TEUs, is abt. 9.8 billion dollars, and the ships will be delivered from the shipyard in 2014 and 2015.

Samsung has won $608 million deal to build drill ship
Samsung Heavy Industries said it has won a 650 billion won ($608 million) deal to build the drill ship for Ocean Rig of Greece. The company said it would deliver the vessel, to be 448 metres (1,478 feet) long and 42 metres wide, by November 2013. Samsung Heavy said last month it received $10.5 billion worth of orders through May, achieving 91 percent of this year's target.

1,564 days ago by arnekiel

CSCL to raise its shipping charges at the beginning of July
It is reported that China Shipping Container Lines filed it will raise its shipping charge at the beginning of July. Shipping charges for routes between Asia and the Middle East will be raised by USD 200 per TEU and USD 400 per FEU on July 1. Fuel surcharges to the eastern United States will be raised to USD 1107 per FEU from USD 879 per FEU with an additional peak season surcharge of USD 400 per FEU on July 1. The fuel surcharge to America’s west coast will be raised to USD 568 per FEU from USD 468 per FEU with an additional peak season surcharge of USD 400 per FEU. (Sourced from Shanghai Securities News)

1,565 days ago by arnekiel

STX France cancels Libya cruise ship contract
STX France SA, a 66.66 percent owned subsidiary of STX Europe AS, has rescinded the contract with GNMTC (General National Maritime Transport Company) - the state owned Libyan shipping company - for the construction of a 140,000 GT cruise vessel for delivery end-2012. SRX Europe says the reason for the rescission is the default of payment from GNMTC, MarineLog reports. STX France says it is confident that it will be able to find a new buyer for the vessel. Due to insurance cover for such an incident, the rescission is expected to have limited impact on the financial results of STX France.

Carnival profits fall
Soaring fuel costs, deployment changes and steep discounting took a chunk out of Carnival Corp.’s second-quarter profits, despite higher revenues year over year, Miami Herald reports. The world’s largest cruise ship company earned $206 million for the period that ended May 31, an 18 percent drop from $252 million during the same time in 2010. Still, the performance was better than analysts had expected; Carnival’s stock gained $1.51, or 4.23 percent, to end trading at $37.24. “In our opinion, a solid quarter, all things considered,” wrote Tim Conder, an analyst with Wells Fargo Securities. Revenues increased to $3.6 billion from $3.3 billion a year ago, with North American brands especially strong. Yields – revenue generated per berth per day – were up 3 percent for those brands but only up slightly for Europe, Australia and Asia brands. More at www.miamiherald.c...

1,567 days ago by arnekiel

NOL signs LOI to build 12 new container vessels in Korea
NOL has signed letters of intent to build 12 new container vessels. The ships, all to be built in South Korea, include ten 14,000TEU vessels to be constructed by Hyundai Samho Heavy Industries, and two 9,200TEU vessels to be constructed by Daewoo Shipbuilding and Marine Engineering. NOL also said it is upgrading a 2010 order placed with Daewoo for ten 8,400TEU ships. The vessels will now be 9,200TEU capacity each and will employ new, more efficient design and technology.

Carnival expects earnings cuts
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) expects the revised impact from the prolonged conflicts in the Middle East and North Africa region, as well as the earthquake and nuclear disaster in Japan, which combined resulted in over 300 deployment changes, will cost the company an additional $0.15 per share for the second half of 2011, MarineLog reported. In addition, the increases in fuel prices net of currency exchange rates will cost the company approximately $0.05 per share in the second half of the year.

Carnival orders largest ship for P&O at Fincantieri
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that it has contracted with Italian shipbuilder Fincantieri to construct a 141,000-ton cruise ship for its P&O Cruises brand scheduled to enter service in March 2015. The as-yet-unnamed 3,611-passenger vessel will be the largest in the P&O Cruises fleet, as well as the largest cruise ship built specifically for the British market. Read more:

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