|
||||||
|
Puget Sound longshore workers are experiencing a strong rebound. This photo was submitted by Seattle longshore worker Curt Treadwell. Submit your waterfront photos to longshorenews (at) gmail.com. Containerized imports at the Port of Seattle exploded last month, increasing 93.3 percent compared to June of 2009. The 88,763 TEUs recorded in June were the highest [...] CMA CGM SA, the French shipper reorganizing 5.4 billion euros ($7 billion) of debt, is seeking to put together a new investor group by a July 26 court deadline, said people with direct knowledge of the matter. CMA CGM, which began talks with creditors in September, needs the reorganization to avoid insolvency after breaching covenants on [...] Chassis will no longer be provided by several major carriers due to new rules on safety. The ‘Roadability Law’ as it is often referred to, has cause several leading shipping companies to withdraw the provision of the trailer chassis’ required in intermodal movements. Previously hauliers could collect both their designated container plus the trailer on [...] Late last week, shipping giants NYK Line and Evergreen announced they would stop providing chassis for cargo container units in the U.S. – effectively requiring truck owners to rent or own their own chassis. The announcements came in the weeks after similar news from shipping giants CMA CGM and OOCL. On Dec. 17, 2009, FMCSA began [...] The CMA CGM Group has announced the introduction of two new calls in Cartagena (Colombia) and Puerto Cabello (Venezuela) on its BLACK PEARL service linking North America to Jamaica (Kingston). Effective from July 16th on a weekly basis, these new calls will provide new calls to the Colombian and Venezuelan markets for CMA CGM’s US East [...] CMA CGM plans to gradually phase out providing chassis to truckers at terminals throughout the United States on a schedule starting on the East Coast in October and ending on the West Coast in March of next year.The carrier said Thursday it expects the new chassis supply management policy will generate greater operational efficiency and [...] The world’s third-largest container shipping line looks close to receiving a capital injection from Qatar’s sovereign wealth fund after it said it expected a deal by the end of July. CMA CGM, based in Marseilles, said it needed only a few weeks to complete a deal in spite of missing the latest of several deadlines to [...] Laid-up container vessels are beginning to return to service and new deliveries are being accepted in a sign that international trade is slowly recovering. The latest deliveries to be announced are to the CMA CGM Group, which has taken delivery of the CMA CGM LAMARTINE (6,500 TEU) and CMA CGM CALLISTO (11,400 TEU) in [...] The 8,500-TEU Figaro that arrived in Los Angeles this week on its maiden voyage is not only the largest CMA CGM container ship to call at a U.S. port, it is also one of the most environmentally-friendly vessels afloat. The eco-friendly Figaro reflects a comprehensive approach to sustainability that includes anti-fouling paint, reduced fuel consumption and [...] CMA CMA is counting on increased American exports to South China and Taiwan. CMA CGM has announced the July 10 return of the Yang Tse service linking South, Central and North China to the West Coast of the United States. Operated in partnership with Maersk Line and MSC, this service will deploy six vessels of 6,500 [...] Global shipping line CMA CGM has announced that Mobile, USA (Alabama) and Pusan, Korea will be added to its PEX3 service (Asia-Gulf of Mexico) effective May 20, 2010. The shipping line said that the upgrade will allow a wider port coverage with the best transit times between Asia and the US Gulf coast where CMA CGM [...] A European shipowner canceled an order for three container ships because it could not finance the $300 million contract with a South Korean shipyard. The Hanjin shipbuilding company said the unidentified owner had agreed to forfeit the deposit on the vessels which were part of an order for five container ships placed in 2007. This is [...] European liner carriers Maersk Line and CMA CGM will collaborate on a big-ship Asia-Europe service starting in June, the sixth such joint loop on the trade between two of the world’s three biggest lines. Each carrier will provide five ships on the 10-ship FAL 5 service as named by CMA CGM. This new service will be [...] CMA CGM, the financially troubled French ocean container carrier, booked a $1.4 billion net loss in 2009 but returned to profit in the final quarter of the year. The slump into the red from a net profit of $124 million in 2008 was partly due to $548 million of non-recurring expenses, the world’s third largest [...] Qatar is offering to invest $1 billion in France’s heavily indebted CMA CGM, the world’s third-biggest shipping group, a report said yesterday. The Qatar Investment Authority (QIA), which manages investments for the gas-rich nation, has offered the equivalent of 740 million euros (Dh3.6 billion) in the form of loan guarantees, French business magazine La Lettre [...] |
||||||
|
Copyright © 2010 Longshore & Shipping News - All Rights Reserved |
||||||
