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2,413 days ago by arnekiel

SMIT and SAAM joint towage operation in South and Central America planned
Royal Boskalis Westminster N.V. (Boskalis) announces that discussions are underway with Sudamericana Agencias Aereas y Maritimas S.A. (SAAM) to explore the possibilities and opportunities for a joint towage operation within the American Continent, MarineLog reports. The intended joint towage operation within the Americas is between SMIT, a wholly owned subsidiary of Boskalis, and SAAM, a wholly owned subsidiary of Compañía Sud Americana de Vapores (CSAV). The joint operation between SMIT and SAAM would create a leading provider of towage services in Central and South America. The combined towage operations would serve 45 ports in 9 countries with a fleet of more than 170 vessels. The total annual turnover would exceed $270 million and besides operational synergies, the joint operation would also strengthen the market position of the combined companies.

2,413 days ago by arnekiel

Maersk to invest $170 mln in Chile refrigerator container plant
Danish shipping and oil group A.P. Moller-Maersk will invest about $170 million in a new factory in Chile to produce refrigerator containers, known as reefers, for a Latin American export boom, the company said on Friday, Reuters reports. The factory in San Antonio, Chile, will begin operating by the end of 2013 and later reach an annual output of 40,000 reefer containers and 30,000 reefer machines, Maersk's container industry unit said in a statement. "The new factory will produce Maersk's high-tech reefers in a part of the world where exporters have problems gaining access to reefers," the company said.

Mitsui OSK, NYK & K-Line to merge to solve financiaql problems?
The head of Japan’s largest shipping line — Mitsui OSK — has said that a merger of the three major Japanese container lines into one entity “could be an option” to their financial problems, ifw-net reports. Koichi Muto, President of MOL, made the remark amid broad criticism of the way the bigger container lines on the Asia-Europe trades had demonstrated a "lack of self control” that was detrimental to themselves and the industry. Muto said the idea of a merger “could be an option, of course. At the moment there is no such discussion, but we should be flexible in every way”. He added: “We roughly studied such a possibility, of course.” He mentioned that all the major lines were losing too much money in their container divisions to be sustainable over the long term. MOL itself is set to lose ¥4 billion (US$51 million) this year. K Line has the greatest exposure and has not joined the trend to charter ultra-large container ships through alliances. K Line is set to lose ¥30 billion ($384m) this year. One obstacle to such a merger is existing service alliances between NYK and MOL.

2,415 days ago by arnekiel

Maersk Line with Q3 net loss of $293 million
A.P. Moeller-Maersk A/S said its container shipping line, the world’s biggest, will lose money this year, lowering a previous forecast of a “modest” profit as freight rates plunged, Bloomberg reports. Maersk Line posted a third-quarter net loss of 1.58 billion kroner ($293 million) compared with a profit of 5.9 billion kroner a year earlier, the Copenhagen-based company said today. Its parent, which also owns the Nordic region’s second-largest oil company, reported a profit that missed analyst estimates. Freight rates are falling because the container shipping industry has added too many ships in anticipation of an economic recovery, spurring overcapacity. Maersk Line, which transports about 16 percent of the world’s manufactured goods by sea, said today that higher global container demand has not been able to offset oversupply. “The below consensus results were driven by the weak container market and especially the Asia-Europe trade,” Erik Nikolai Stavseth, an Oslo-based analyst at Arctic Securities, said in a note to clients.

Taiwan's Yang Ming mulls ordering five 'mega' ships
Taiwan's Yang Ming Marine Transport Corp plans to order five "mega" containerships despite being hit by the global slowdown as it looks to keep up with rivals, media and an official said Monday, AFP reports. The new ships, which are likely to be built by the island's biggest shipbuilder, CSBC Corporation Taiwan, could cost a total of more than $700 million and be among the largest vessels at sea, the Commercial Times said. Yang Ming reported a deficit of Tw$5.3 billion ($176.02 million) in the nine months to September due to sluggish demand and soaring fuel prices, but that has not deterred the firm from ordering more ships, the Taipei-based paper reported. "Shipping companies are building ever larger containerships, and this is a global trend that Yang Ming is unlikely to ignore," the firm's chairman, Lu Feng-hai, was quoted as saying. Despite dismal industry outlook, shipping companies are building bigger containerships in a race for a larger market share, analysts say, adding that the bigger vessels are cheaper than the smaller ones in terms of operation cost. Yang Ming's project, which will be submitted to the board for approval this week, calls for the construction of five containerships with each capable of carrying 16,000 TEUs (twenty-foot equivalent), it said. The largest container ship currently has the capacity for 18,000 TEUs.

2,416 days ago by arnekiel

Maersk Drilling wins $550 mln rig order from Total
Maersk Drilling, a unit of Danish shipping and oil group A.P. Moller-Maersk , said it won a $550 million rig contract from Total E&P Norge, a unit of French Total, Reuters reports. The company said in a statement Total E&P Norge would hire one of two ultra harsh environment jack-up rigs currently under construction in Singapore. The firm contract duration was four years, and included four one-year options. The contract is expected to begin at the latest by the third quarter of 2014 upon delivery of the rig to the Norwegian North Sea, Maersk Drilling said in the statement. The contract will last four years and includes four one-year options.

Daewoo to buy german windturbine manufacturer
Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) said Monday it is considering acquiring German wind-turbine maker Bard Holdings GmbH to secure a new growth engine. The shipbuilder said J.P. Morgan will manage the sale for the German company. Source:

Yang Ming to order its first set of 16,000 teu ships
Taiwan’s Yang Ming Marine Transport will shortly order its first set of 16,000 teu ships, twice the size of its largest ships currently in operation. Yang Ming already has a series of 12,000 teu ships on order at Kaohsiung;s China Ship Building Corp (CSBC) for delivery next year. These ships will be the largest boxships owned by a Taiwanese owner, with the island’s number one line, Evergreen, content to order 8,000 teu ships at present.

2,421 days ago by arnekiel

Japanese MHI secures two cruiseship contracts from Carnival's AIDA Cruises
Mitsubishi Heavy Industries, Ltd has completed two shipbuilding contracts with Carnival Corporation & plc, for the construction of two large-sized cruise ships for Carnival’s AIDA Cruises​ brand, World Maritime News reports. Delivery of the two ships is scheduled for spring 2015 and spring 2016 from MHI’s shipyard in Nagasaki. The shipbuilding contracts are subject to financing. The two 125,000 gross tonnage (G/T), 3,250 passenger ships will be the largest ever constructed for AIDA Cruises. The event marks the second new shipbuilding order for MHI from the Carnival group and the third and fourth cruise ships built by MHI for the group. Earlier, MHI built two 116,000 G/T ships for Princess Cruises​: the Diamond Princess and Sapphire Princess, both delivered in 2004. Source: worldmaritimenews...

2,422 days ago by arnekiel

New MSC Divina to be christened in May 2012 by Sophia Loren
MSC Divina will be the newest addition to the MSC Cruises fleet when she finally graces us with her presence in May 2012, Cruisecompare UK reports. MSC Divina will actually be named in honour of screen legend and MSC Cruises godmother Sophia Loren when she is introduced in May next year. Although Divina will be a truly unqiue ship just like every other in the MSC Cruises fleet she will be roughly modelled on her sisters MSC Fantasia and MSC Splendida. www.cruisecompare...

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