Global Ship Lease Agrees Merger with Poseidon Containers

Global Ship Lease has signed a merger deal with Poseidon Containers to create a containership charter owner focused on mid-sized and smaller vessels. The company signed the definitive agreement with Poseidon Containers Holdings LLC and K&T Marine LLC for a stock-for-stock transaction representing a total transaction value of over USD 780 million on an asset value basis. Global
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As part of their mission to improve services for shippers moving cargo between the US Gulf Coast, Jamaica, and ports in Ecuador, Peru and Chile, BBC Chartering and Seaboard Marine are pleased to announce a new strategic cooperation which will be marketed as “Andino Service.” Beginning as early as November 2018, Seaboard Marine and BBC
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MITSUI O.S.K. Lines (MOL) has announced that a nam-ing ceremony for a new-building LNG carrier for Osaka Gas Co. was held at the Nagasaki Ship-yard of Mitsubishi Heavy Industries, Ltd. The vessel, ordered by MOL’s wholly-owned subsidiary MOG-X LNG Shipholding S.A., was named the LNG Juno.  The vessel’s hull design maxi-mises cargo capacity, and the
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For the third quarter of 2018 (ended September 30, 2018), OOCL’s total volumes were 6.9 per cent up from the same period last year. Total revenues increased by 7 per cent to $ 1,555.7 million. Loadable capacity increased by 3.9 per cent. The overall load factor was 2.3 per cent higher than the same period
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Cargo Shop 2018 – Shippers & LSP Forum, on October 13, 2018 at Hotel Hyatt Regency, Viman Nagar, Pune was an unequivocal success. The first such event in Pune and Exim India’s maiden conference in this key cargo hub was highlighted by a line-up of eminent speakers and panelists from the region and beyond, and
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Norwegian shipping company Höegh Autoliners has returned to compatriot ballast water treatment (BWT) specialist Optimarin with an order for ten retrofitted systems. The contract follows previous individual orders over the past two years, bringing Optimarin’s BWT systems on-board 15 ships within the firm’s RoRo fleet. Höegh Autoliners will receive the first of its ten units
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In celebration of its 170th anniversary, leading ocean carrier, APL is providing Americares with free shipping of medicine and supplies for three years, says an APL release.  As an Americares ocean freight partner, APL has committed to transport the equivalent of 170 20-foot sea containers of medicine and medical supplies for the health-focused relief and
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MUMBAI: Indus Shipping Services, founded in 1994 by a dynamic personality in Logistics industry Dr. Deepak Chaudhari, has been successfully qualified for prestigious AEO accreditation. The Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance – Government of India, conferred AEO – LO Certificate to the company on 4th October 2018. An AEO-LO
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NEW DELHI: India and Bangladesh have reached several milestone pacts that include using two ports of the neighbouring nation for goods movement and a pact for cruise movement to give a boost to waterways connectivity, a top official said recently.  “The two countries have signed an agreement to use Chattogram and Mongla Ports in Bangladesh
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LONDON: Car carrier shipping is expected to continue its recovery from the trough of 2016, supported by improving utilisation. But increasing localisation and the threat of trade wars will slow finished vehicle cargo growth, while carrier operational efficiency will be challenged by the emergence of new trades and ports of call, according to the Finished
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