Shipping news – Page 144
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TransAtlantic to be discontinued
November 29 - Viking Supply Ships has decided to discontinue the remaining operations of its subsidiary TransAtlantic in order to meet financing commitments.
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HSH meets potential buyers
November 28 - Reports on the Reuters website, suggest that German bank HSH Nordbank has been meeting with potential buyers in London ahead of its planned privatisation next year.
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First for WWL in Japan
November 28 - Wallenius Wilhelmsen Logistics (WWL) claims to have become the first ro-ro shipping company to transport breakbulk cargo weighing over 92 tonnes from Japan to the USA.
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“K” Line ups Thailand-Australia link
November 25 - “K” Line (Kawasaki Kisen Kaisha) has enhanced its ro-ro service in the Thailand-Australia trade by commencing a new anti-clockwise route in addition to its existing clockwise trade lane.
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Korea Line gains Hanjin operation
November 25 - South Korean bulk carrier Korea Line - which is owned by the Samra Midas (SM) Group - has acquires the Asia-USA operation of bankrupt Hanjin Shipping.
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Eye-watering loss for Nord/LB
November 25 - German state bank Nord/LB, the country's second-largest ship financer, revealed a further decline in results on Thursday and indicated that its full-year losses would surpass an eye-watering EUR1 billion (USD1.05 billion).
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EC green lights Hapag-Lloyd and UASC merger
November 25 - The European Commission has approved the merger between Hapag-Lloyd and UASC - subject to certain conditions, including the latter withdrawing from the North Atlantic trade.
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Scandinavian Shipping promotes Sundblad
November 23 - Pär Sundblad has been appointed managing director of Scandinavian Shipping & Logistics.
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BIMCO adopts ship financing term sheet
November 23 - BIMCO's Documentary Committee has approved a standard term sheet for use in ship financing transactions.
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Blue Water delivers to White Rock
November 22 - Blue Water Shipping has coordinated the first shipment of wind turbines for the White Rock wind farm in New South Wales from China to the Port of Newcastle in Australia.
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ITIC warns over misread tariffs
November 22 - According to the International Transport Intermediaries Club (ITIC), the misreading of tariffs in shipping documentation is a common cause of costly claims.
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ITS reels it in
November 21 - ITS International Transport & Shipping has coordinated the shipment of 15 cable reels to Jebel Ali in the UAE.
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GAC adds Indian manager
November 16 - GAC Shipping (India) has appointed C Krishnakumar as general manager, logistics services for its Chennai office.
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TRACE extends RightShip partnership
November 16 - TRACE International has extended its partnership with RightShip - a provider of a comprehensive online maritime safety and environmental risk management system - to support anti-bribery compliance in the maritime industry.
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Making the most of the downturn
November 16 - GAC Group president Bengt Ekstrand noted during a recent managers' conference that the company is pushing for greater innovation and flexibility in order to cope with turbulent global markets, and has maintained a solid balance sheet despite
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Hapag-Lloyd ups profit
November 14 - Hapag-Lloyd has closed the third quarter of 2016 with a net profit of EUR8.2 million (USD8.7 million), compared with EUR3.2 million (USD3.4 million) in the same period of 2015.
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GAC wins SHL contract
November 14 - GAC UK has been appointed by Seaway Heavy Lifting (SHL) to provide shipping services support for the construction and installation of 84 new turbines as part of a major wind farm expansion project in the UK, which will increase generating ca
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Two of seven for Wagenborg
November 11 - Dutch shipowner and operator Wagenborg has taken delivery of Leuvediep (the second of seven vessels it is obtaining from compatriot shipping company, Feederlines) and renamed the ship, Leuveborg.
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Carisbrooke and Nova join forces
November 11 - The flurry of consolidation in the shipping industry continues with news that Carisbrooke Shipping and Nova Marine Carriers are combining their commercial short sea bulk activities, with effect from January 1, 2017.
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Baggio delivers topside modules
November 11 - Brazil based Baggio Shipping & Chartering has coordinated the transport of four super heavy lift modules from Thailand to China on board TPI Megaline's heavy transport vessel Mega Caravan.