USA: Crowley Plans to Order New Container Ships

USA - Crowley Plans to Order New Container Ships

Based on the writings of the Shipping Herald, Crowley Maritime Corporation, a U.S.-owned and operated marine solutions, transportation and logistics company has already completed designs for the ships it plans to build within the framework of containership newbuilding programme.

The company is providing services in domestic and international markets through six operating lines of business: Puerto Rico/Caribbean liner services; Latin America liner services; logistics; marine contract solutions; deep sea petroleum transportation; and petroleum transportation, distribution and sales in Alaska and is interested in vessels up to 1,400 teu, which would be deployed both on international and domestic routes.

Even though Crowley wanted to launch building of the vessels last year, the situation on the market started changing. Namely container trades deteriorated in addition to yard prices, which are predicted to continue falling.

Therefore, before embarking on a considerably high investment project, worth hundreds of millions of dollars, the company decided to play it safe.

Chairman and chief executive of the company, Tom Crowley while commenting on the plans said that in anticipation of the stabilization of the ongoing developments on the market, the company “decided to hold back”.

World Maritime News Staff, April 3, 2012; Image: Crowley Maritime


Share this article

Follow World Maritime News

In Depth>


<< Dec 2015 >>
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Salvage Law & Practice Seminar

Salvage Law & Practice at a glance:
Lloyd’s Open Form – contract design, administration and recent cases
special compensation awards…

read more >

CWC Sixteenth World LNG Summit & Awards Gala Dinner

The summit will provide a perfect opportunity to understand how key players are responding to the price fluctuations and what the outlook…

read more >

International WorkBoat Show

The event offers considerable opportunities to participating business houses to strengthen their business networks, and get familiar with…

read more >

Marintec China 2015, Shanghai, China


Facts & Figures of Marintec China:
• The exhibition spread over 70,000 square metres in Shanghai New International Expo Centre
• Over 1,700 exhibiting companies were participating in the event
• 57,888 quality trade visitors from 88 countries/regions
• 16 national & regional pavilions from Austria, China, Denmark, Finland, France, Germany, Hong Kong SAR, Japan, Korea, the Netherlands, Norway, Singapore, Sweden, Taiwan region, the United States and the United Kingdom were organised

About Marintec China

Marintec China 2015 will be held on 1-4 December 2015 in Shanghai. With increasing worldwide recognition and reputation throughout the past three decades, the exhibition is attracting an increasing number of high-profile exhibitors and visitors from around the world.

Regarded as the only gateway to the Asian maritime market, Marinetech China has become larger than ever! Being the most recognized maritime trade show in Asia, Marintec China is definitely an international marketplace for buyers to source from international sellers showcasing their latest marine, ship design, offshore engineering and port technology.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. Marintec China 2013 has broken all the previous records attracting more than 1,700 exhibiting companies from 32 countries /regions and 16 group pavilions, making it the most international and authorised industry event in Asia. Taking place once every two years, Marintec China 2015 edition is a unique opportunity for suppliers to connect with new customers and re-connect with existing contacts from the region, and final one to present new products and services to the trade visitors and experts from all parts of the world.

Visit Marintec China 2015 website for more details

read more >