Tag: Maersk

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Nova Tankers is the name of the new market leading VLCC pool

Mitsui O.S.K.Lines - Pool agreement signed The pool agreement governing the formation of a market leading VLCC pool has now been signed by the four partners. Morten Pilnov, Maersk Tankers, will be the Managing Director for Nova Tankers Pool. In this connection, the pool management company, Nova Tankers A/S, has been incorporated with Kazunori Nakai as Chairman.The pool agreement governing the formation of a market leading VLCC pool has now been signed by the four partners MITSUI O.S.K. LINES, LTD. / PHOENIX TANKERS PTE. LTD., A.P. MØLLER - MÆRSK A/S (Maersk Tankers), SAMCO SHIPHOLDING PTE. LTD., and OCEAN TANKERS (PTE.) LTD., SINGAPORE.Morten Pilnov is presently Head of Gas for Maersk Tankers, covering both Handy gas and VLGC. He brings with him extensive experience with pools from the gas segment and will take up the position immediately. Mr Pilnov has been with A.P. Moller- Maersk A/S for 12 years, hereof eight with Maersk Tankers.Kazunori Nakai is the Executive Officer of Mitsui O.S.K. Lines. Ltd. Mr. Nakai will take up the position as chairman of the pool management company in addition to his normal responsibilities. Source: Mitsui O.S.K.Lines

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Marine accident report on the fire on board Charlotte Mærsk

The fire on board Charlotte Mærsk in the Strait of Malacca on 7 July 2010 The Danish Maritime Accident Investigation Board has made a marine accident report on the fire on board the container ship Charlotte Mærsk.On 7 July 2010 at 21.19 hours, about three hours after having departed from Port Klang in Malaysia, smoke was observed on deck. It was soon established that a fire was developing.The crew of the ship launched fire-fighting measures, and after about 24 hours' constant fire-extinction, the fire was brought under control.The report is in English and is available hereSource: The Danish Maritime Authority

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Maersk Line Limited completes heavy-lift vessel reflagging

First of two heavylift cargo ships for Maersk-Rickmers reflagged U.S. Maersk Line, Limited (MLL) has completed the reflagging to U.S. registry of Maersk Illinois, its newest multipurpose heavy-lift vessel. The ship is one of two sister vessels that MLL acquired in September 2011 and which will sail for Maersk-Rickmers U.S . Flag Project Carrier (Maersk-Rickmers), providing breakbulk and project cargo service for shippers requiring US flag service.Maersk-Rickmers was jointly formed for this purpose by MLL and Rickmers-Linie (America)"We are pleased to see this reflagging process completed, allowing us to introduce our modern ship and bring new value to the U.S. flag project cargo market," said Dave Harriss, Director of Ship Management and Chartering at MLL. "We are now looking forward to bringing the second ships, Maersk Texas, under the US flag fleet as we continue to build the service."Maersk Illinois completed its maiden voyage in Mobile, Alabama where its reflagging was performed. The 19,600 DWT ship is 148 meters long and can carry 20,000 cubic meters of cargo. With two onboard cargo cranes with a combined maximum lift of 480 metric tons, she is suited for handling of a wide variety of heavy and bulky cargo such as generators, locomotives, ...

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Maersk Line to Pay Us $31.9 Million to Resolve False Claims Allegations

For Inflated Shipping Costs to Military in Afghanistan and Iraq Maersk Line Limited has agreed to pay the government $31.9 million to resolve allegations that it submitted false claims to the United States in connection with contracts to transport cargo in shipping containers to support U.S. troops in Afghanistan and Iraq, the Justice Department announced today. The government alleges that Maersk, a wholly-owned American subsidiary of Denmark-based A.P. Moller Maersk, knowingly overcharged the Department of Defense to transport thousands of containers from ports to inland delivery destinations in Iraq and Afghanistan.The government contends that Maersk inflated its invoices in various ways. For example, Maersk allegedly billed in excess of the contractual rate to maintain the operation of refrigerated containers holding perishable cargo at a port in Karachi, Pakistan, and at U.S. military bases in Afghanistan; allegedly billed excessive detention charges (or late fees) by failing to account for cargo transit times and a contractual grace period; allegedly billed for container delivery delays improperly attributed to the U.S. government; allegedly billed for container GPS-tracking and security services that were not provided or only partially provided; and allegedly failed to credit the government for rebates of container storage fees received by Maersk's ...

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Maersk CEO Nils S. Andersen Absent for One Month Owing to illnes

Leak in one of his heart valves A.P. Moller - Maersk Group CEO Nils S. Andersen has been admitted to hospital in Switzerland on 30 December 2011.Nils S. Andersen has, unwittingly, had a leak in one of his heart valves, caused by either an infection or a weakness. During a vacation in Switzerland his condition deteriorated acutely, and therefore he has undergone surgery which comprised replacement of a cardiac valve. The operation went well. Nils S. Andersen is expected to be absent for about one month, and the doctors are expecting a full recovery."I am very sorry that Nils S. Andersen is going through this course of illness, but I am pleased that he quickly received the right, skilled treatment which coupled with the fact that he is in good shape means that we can soon welcome him back," says the chairman of the board of A.P. Møller - Mærsk A/S, Michael Pram Rasmussen."The Executive Board will continue to run the A.P. Moller - Maersk Group, however, during Nils S. Andersen's absence the individual board members will be in close contact with me," says Michael Pram Rasmussen.Source: A.P. Moller-Maersk Group

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Not a very happy new year for Asia-Europe trades

Analyst predicts disastrous 2012 for crisis-hit container lines The rates war that has shattered the Asia-Europe trades this year looks set to worsen in 2012, analyst Alphaliner has predicted in its latest report.Far from restoring some stability to one of the world's major shipping routes, the recent round of service restructuring could intensify competition between the major players, warns the analyst."These developments forbode that the unrelenting rate war on the Asia-Europe trade is set to continue and could spell disaster for carriers in 2012," Alphaliner said.The dire prediction follows some major realignments over the past month as lines respond to Maersk's challenge to offer shippers daily departures from key Asian ports to northerrn Europe.First came the vessel sharing and slot exchange agreement between MSC and CMA CGM that will allow the two lines to deploy the biggest and most cost-efficient ships available in their respective fleets in each of their four joint Asia-northern Europe loops.That was followed last week by the announcement that the three members of the Grand Alliance are to co-operate with their opposite numbers in the New World Alliance in a six line super consortium, the G6. Then this week, Evergreen revealed plans to collaborate more closely ...

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Maersk Line: No Plan To Use Option To Buy 10 More Triple-E Ships

Increasing its Triple-E vessel orders to 30 f Danish Maersk Line, the world's largest container shipping company, has yet to decide whether to exercise an option to increase its Triple-E vessel orders to 30 from 20, but doesn't expect to do so, a senior company executive said Tuesday.Maersk Line, a unit of Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), has ordered two tranches of 10 Triple-E ships from South Korean manufacturer Daewoo Shipbuilding & Marine Engineering Co., and has an option to order a further 10 before the end of February 2012."We have not taken the decision yet, but we do not expect to use the option," Maersk Line Chief Operating Officer Morten Engelstoft said.Since Maersk Line ordered the first two tranches of the Triple-E ships and secured the option, the global economy has deteriorated, shipping rates have dropped to unsustainable lows and the shipping industry has ramped up orders of new tonnage for the key Asia-Europe routes that Maersk had ordered the Triple-E ships for.Tuesday's statement was a repetition of previous comments made by Engelstoft."It's good to have the option open, but I don't expect that our estimated capacity needs will have changed substantially by year-end, and this would ...

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The Moller-Maersk man

World's largest container-ship operator battles stormy waters Commanding 14.5 percent of the world's shipping capacity, the 108-year-old shipping conglomerate has been the world's largest container-ship operator for 15 years.On top of the building flutters the company's flag, a white seven-pointed star against a light blue background, which has almost become a symbol of Danish economic prowess.A gust of chilly wind rippled the water in front of the gigantic cube, sending the white star flag flapping, as if announcing the arrival of winter."For the shipping industry, we foresee the coming months and years will be volatile and difficult," said Nils S. Andersen, partner and group chief executive officer.The biting cold has already stricken the whole industry. Pressed by surging oil prices and over-capacity, this year has seen deficits in most big shipping companies across the world.During the first nine months of this year, Hanjin Shipping Co Ltd, Hyundai Merchant Marine Co Ltd and STX Pan Ocean Co Ltd, the three biggest shipping companies in South Korea, each reported losses of several hundred million dollars.In China, COSCO Holdings Co, the country's largest shipping line by capacity, reported a 2.1 billion yuan ($330 million) loss for the third quarter.During the first nine months ...

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