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>

Events>

<< Sep 2016 >>
MTWTFSS
29 30 31 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 1 2

TOC Americas

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers. Over time, TOC has evolved and whilst they continue to deliver the highest quality technical content in line with their heritage, they also recognise that they must now hear from stakeholders higher up the cargo chain. Therefore, there are now two distinct elements to the event:

The exhibition is a showcase for port & terminal technology and operations plus TECH TOC, the free to attend technical conference aimed at terminal operators and their suppliers. Many suppliers come together to showcase cutting edge solutions to their clients, the terminal operators and ports.

More recently, the events now placed a new focus on the container supply chain making them the premier business and networking event for the stakeholders, including shippers, carriers and 3pl’s as well as the global operators and port authorities. This conversation takes place in the more recently created Container Supply Chain Conference.

More info

read more >

BWMTech North America 2016

Key sessions at BWMTech NA 2016:
• A guide to Ballast Water Treatment System Selection.
• Market Modelling: Forecasting the market response to ratification…

read more >

Arctic Shipping Forum North America

The ASF Arctic Shipping North America 2016 Innovation Award will be presented to a company or individual that has developed an innovative idea…

read more >

Singapore International Bunkering 2016

SIBCON 2016 will be about perspectives, conversations, dialogue, and above all networking. With all discussions under Chatham House rules…

read more >