Category archives for: Company News

CLdN Redirects Gothenburg Operations to Logent

CLdN Redirects Gothenburg Operations to Logent

The ro-ro company CLdN has signed a ship and freight handling agreement with the car and ro-ro terminal Logent Ports & Terminals at the Port of Gothenburg. They will begin using the terminal on November 15. On Monday it was announced that the Belgian shipping company CLdN has signed a ship and freight handling agreement with […]

Image of the Day: And Then There Were Twelve!

Image of the Day: And Then There Were Twelve!

Maersk Line has taken delivery of their 12th Triple-E vessel named Mogens Maersk. Maersk Line’s Chief Commercial Officer Stephen Schueler decided to memorialise the moment by snapping a few photos during the delivery ceremony at Busan Shipyard in South Korea. The Maersk Triple E class is a family of large, fuel-efficient container ships, designed as a successor […]

Battling for Supremacy in Shipping World

Battling for Supremacy in Shipping World

As the shipping industry progresses toward bigger and ever more complex ships we are seeing shipbuilding giants battling for supremacy in building a better, bigger and more advanced vessel. The slightest upgrades in size or efficiency can bring in enormous profits or slash operational costs on a global scale. As a result, the industry will soon […]

Irano Hind Value Estimates USD 37 Million Apart

Irano Hind Value Estimates USD 37 Million Apart

Shipping Corporation of India (SCI) and Iran Shipping Lines are finding it hard to wrap up their 39-year-old joint venture Irano Hind Shipping Lines due to the differences in the valuation of the company.  SCI estimates its 49% stake in the joint venture to be USD 132 million, while Iran Shipping Lines has valued SCI’s stake at USD 95 million, […]

Finland Bankrolls Three LNG Terminals

Finland Bankrolls Three LNG Terminals

Finland’s Ministry of Employment and the Economy has committed a total of EUR 65.2 million in energy subsidies for three liquefied natural gas (LNG) terminals. With the help of this support, Manga LNG Oy, Skangass Oy, and Oy Aga Ab will build LNG terminals in Tornio, Pori and Rauma respectively. These new terminals will help facilitate […]

Maersk CEO Meeting with Chinese Authorities on 2M

Maersk CEO Meeting with Chinese Authorities on 2M

Chief Executive of Danish container shipping company Maersk Line, Soren Skou, is in China paying visits to local authorities so as to clear the air for the proposed vessel sharing alliance with its Swiss counterpart Mediterranean Shipping Company (MSC). Maersk Line’s CEO has met with the director-general of Commerce Ministry’s Anti-Monopoly Bureau, Shang Ming, with whom he […]

UK Chamber of Shipping CEO: Time to Heal Divisions

UK Chamber of Shipping CEO: Time to Heal Divisions

Now that the campaign on the Scottish independence is over, and the result of the referendum is in, the divisions must be healed across industries, businesses and communities alike,  Guy Platten, CEO of the UK Chamber of Shipping said today commenting on the decision of the majority in Scotland to remain inside the UK. According to […]

Cleveland-Europe Express Service Doubled

Cleveland-Europe Express Service Doubled

The U.S. Port of Cleveland and Amsterdam-based Spliethoff Group are planning to add a second monthly vessel to the Cleveland-Europe Express (CEE), the only scheduled ocean service for containerized and breakbulk freight operating between Europe and a Great Lakes port, according to Spliethoff. “We are extremely pleased to announce our intent to add a second […]

Eagle Cleared for Restructuring

Eagle Cleared for Restructuring

The US judge Sean Lane has approved Eagle Bulk Shipping’s restructuring plan at the US Bankruptcy Court in New York, according to the Wall Street Journal. Eagle Bulk, the parent company of Eagle Bulk Shipping Inc, started a voluntary “prepackaged” Chapter 11 case in the United States Bankruptcy Court for the Southern District of New York little over a month […]

Maersk, MSC Call US Regulator to Approve 2M

Maersk, MSC Call US Regulator to Approve 2M

Senior executives representing shipping giants Mediterranean Shipping Company (MSC) and Maersk Line are in Washington to clear any doubts the US Federal Maritime Commission (FMC) might have on giving the green light to the recently-announced 2M vessel-sharing agreement between the two companies. The executives asked U.S. regulators to swiftly approve their joint venture so as […]

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