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CMA CGM will launch its New Victory Bridge service linking North Europe to the US South Atlantic, Mexico and the US Gulf, on October 17th. Launched in partnership with CSAV, this service previously operated in cooperation with MSC. The New Victory Bridge service will deploy five 3,000 TEU vessels (three from CMA CGM, two from CSAV) and will strength...
Kuala Lumpur: Malaysia Marine and Heavy Engineering's initial public offering has been oversubscribed by more than 20 times, two fund managers with direct knowledge of the matter told Reuters. Bids for the auction far exceeded earlier estimates that placed the oversubscription rate at 15 times. The fund managers said the final institutional price would...
Paris: Asian yards are monitoring very closely the news from French ocean container carrier CMA CGM who is close to agreeing to the sale of a 20 percent stake to Turkish family owned company Yildirim for $500 million. An agreement could be signed by the end of this week and CMA CGM would receive payment at the end of November, French financial daily Les Ech...
Tokyo: Mitsubishi Heavy Industries, Ltd. (MHI) has completed the conceptual design of the "MALS-14000CS" container vessel that will contribute to the prevention of global warming. The MALS-14000CS adopts the company's proprietary Mitsubishi Air Lubrication System (MALS), which reduces frictional resistance between the vessel hull and seawater using air...
THE Far Eastern Shipping Company (FESCO) expects to finish its summer navigation season in the eastern Arctic by the end of October. FESCO's icebreaker Admiral Makarov has been providing vessel escort in the Eastern Arctic to deliver over 110,000 tons of cargo to Chukotka and northern areas of Yakutia, reports Russia's Port News News Agency. It sa...
ISRAEL's Zim Line has launched a weekly north Europe to west Africa service, which is part of a slot-exchange agreement with Hapag-Lloyd, enabling Zim's customers to use MOL's African Rainbow (ARN) between north Europe and west Africa in addition to the present NAF service. A two-string service is offered, including: a) Amsterdam, Hamburg, Antwerp, D...
AFTER two sailings, Chile's CSAV has terminated its Asia Andes Express 3 (ANSEX 3) service between China, Korea and Mexico, reports Paris-based Alphaliner. The carrier's ANDEX 3 service was announced August 23 to offer complementary service to its ANDEX 1 and ANDEX 2 Asia-Mexico routes on a rotation of Dalian, Qingdao, Shanghai, Ningbo, Busan, Manzani...
COSCO Pacific, Cosco's terminal operator, announced it has appointed its non-executive director Xu Lirong to be the new chairman, replacing Chen Hongsheng with immediate effect. The Hong Kong-listed company said it also appointed Wang Zenghua and Feng Jinhua as executive directors, replacing Li Jianhong and Sun Yueying, who both resigned. It said i...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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