Company News

The latest news from companies at Pages.

1,434 days ago by arnekiel

Maersk Line, one of the biggest global shipping lines, expects its piracy-related costs to double in 2011 to $200 million (Dh735.6 million) covering insurance premiums, hardship allowances and re-routing vessels away from high-risk zones in the region, its chief operating officer told Gulf News. Piracy in the Gulf of Aden cost the company $100 million in 2010, said Morten Engelstoft. This includes rising global fuel costs, insurance premiums to cover the vessels sailing in the area and increasing the hardship allowance to its seafarers to compensate the time and extra work they do in high-risk zones.www.hellenicshipp...

1,435 days ago by arnekiel

STX Finland Oy and Viking Line ABP have signed an agreement for the construction of an environmentally friendly, new generation cruise ferry for Viking Line. The agreement includes an option for a sister ship. The contract price is about 240 million euros. The ship will be built at Turku shipyard and will be delivered to Viking Line at the beginning of 2013. The signed agreement represents approximately 2600 man-years employment, STX Europe press release said. Read more

1,436 days ago by arnekiel

The American arm of the Danish shipping giant Maersk, Maersk Line LTD, has been awarded another contract for the operation and maintenance of two ships in the U.S. Navy Military Sealift Command’s (MSC) Maritime Prepositioning Force. Maersk Line LTD will provide personnel and mariners, operational and technical support ashore and afloat, as well as all the equipment, tools, provisions and supplies necessary to operate the USNS Wheat and the USNS Stockham. Maersk will also support MSC in the management of government-owned cargo, including, but not limited to, hazardous materials, vehicular, bulk, and general cargoes.

1,437 days ago by arnekiel

TUI, co-owner of Hapag-Lloyd, asked Chinese group HNA and Oman's Onyx Investments to make binding bids for a stake in the shipping group by late May, three people close to the process told Reuters, JOC reports While the suitors are currently conducting due diligence, Hapag is simultaneously preparing a prospectus for an initial public offering based on first-quarter figures to put pressure on the bidders, one of the sources told Reuters. www.hellenicshipp...

China Shipping on Monday announced the completion of a major phase of its terminal expansion project at the Port of Los Angeles, XinHua reports. "We take great pride in the growth and success we've experienced at the Port of Los Angeles," said Chairman Li Shaode of China Shipping. "The completion of this critical phase allows for the berthing of two ships simultaneously and positively positions China Shipping and the Port for considerable growth opportunities." The project added a new 925-foot(282 meter) section of wharf, 18 additional acres (7.3 hectare) of backland and four state-of-the art container cranes that will increase cargo throughput, create jobs and reduce air emissions. Los Angeles Mayor Antonio Villaraigosa, who attended an inauguration event held on the wharf, congratulated China Shipping on the project.

1,439 days ago by arnekiel

Juha Heikinheimo has today resigned from the position as President of STX Finland Oy, MarineLog reports. He will be replaced by Su-Jou Kim, who currently holds the position as Chairman of STX Finland. Su-Jou Kim will be temporary acting President of STX Finland. Mr. Heikinheimo took the job in July last year, when he replaced Martin Landtman, in circumstances that look pretty similar to those surrounding his own resignations. The company said today that STX Finland is going through very challenging times - in particular at the Turku shipyard - following the delivery of the "Allure of the Seas" in October 2010. Read more at MarineLog

1,440 days ago by arnekiel

OOCL will begin a new service from the UK and Ireland to the Eastern Mediterranean and Indian Subcontinent on May 2nd, Eyefortransport reports. Port Said East will be served on a direct basis from Southampton, and from there onward service will be provided to Ashdod and Haifa (Israel) and Istanbul-Ambarli, Izmir and Mersin (Turkey). The Indian Subcontinent direct calls will be Port Qasim (Pakistan) and Nhava Sheva and Mundra (India).

1,441 days ago by arnekiel

Box line Orient Overseas Container Line (OOCL) has reported higher lifting volumes overall and revenues in the first quarter of this year, it said in a statement Tuesday. The Hong Kong-listed firm stated that total volumes increased 12.6% to 1.18m teu in the first quarter from the corresponding period last year, Sea News Asia reports.

1,445 days ago by arnekiel

Maersk Line announced an increase in its piracy risk surcharges imposed earlier on containers moving between the Indian subcontinent, the Middle East, Europe and Central/South America, starting May 1, Journal of Commerce reports. The revised surcharge on cargo shipped to and from the Indian subcontinent, Red Sea, Europe and the Mediterranean will be $110 per 40-foot equivalent unit. For the trade between the Middle East, the Indian subcontinent, Red Sea, Central America, the Caribbean and South America East Coast, the new surcharge will be $170 per FEU. Source: PortNews

On April, 12th KOTUG´s newbuilding RotorTugs RT Champion and RT Leader arrived in Rotterdam. Both tugs have a length of 32 m, a width of 12 m, 7.200 BHP and a bollard pull of 85 tons. RT Champion and RT Leader are the 5th & 6th tugs respectively of a series of 6 sister vessels, all built at Niigata Shipbuilders, Japan, part of KOTUG´s comprehensive fleet extension and renewal program. The sister vessels left Niigata shipyard on 29th January 2011. RT Champion and RT Leader sailed under their own power to Rotterdam and arrived on 12th April 2011. Thereafter the tugs will be equipped and prepared to commence their towage activities in the port of Rotterdam.

Do you also have interesting company news?

Get involved!
  • login or register
  • go to the Pages entry
  • and create your own company news item!
Or send your company news to us:
+49 40 209 33 21 28
+49 40 209 33 21 29

In cooperation with