Tag: Mediterranean Shipping Company

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Rena cargo owners billed for recovery

Owners will have to pay a big bill to get it back The company salvaging the stricken container ship Rena has now confirmed the owners of cargo on board the ship will have to pay a big bill to get it back.The Mediterranean Shipping Company, which chartered the container ship, and an adjuster working for salvage company Svitzer have sent letters to container owners, naming their price.It comes after the company earlier refused to confirm details of the charges, which One News learnt about from sources.The letters say owners will have to pay 80 per cent of the container's value to get their property back.They can get a cash discount if they pay up front in US dollars, plus freight and insurance costs.The letters also warn that owners will have to pay fees to cover the storage cost of their container if they don't pay within a certain timeframe.It will be the highest charge in history to return shipwrecked goods, eclipsing the 60 per cent charged for cargo retrieved from the Napoli shipwreck off the British coast five years ago.Svitzer spokesman Matthew Watson said his company was following standard global maritime salvage practices."If property owners have concerns about their belongings, ...

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Fleets in focus: Mediterranean Shipping Company

Fleets managed by HR department have the most difficult challenge when it comes to cost Fleets that are traditionally managed by the HR department arguably have the most difficult challenge when it comes to tackling issues on cost.Report into finance and the rules are already set - cost is a priority.But HR-run fleets, by their very nature, tend to be much more focused on employee benefits as a way to attract and retain the best staff.And their tendency to have a high proportion of perk cars means that any intrusion from a fleet manager is often unwelcome.The difficulties are intensified if that fleet manager is actually an HR manager who oversees the company cars as part of a wider remit of payroll, benefits and employee care.Nicky Fishwick, general manager HR at Mediterranean Shipping Company (MSC), walked into this scenario 20 years ago when she was handed the management of the car fleet by her boss.The conversation, which took place over lunch, came as something of a surprise. "I had no idea how to deal with it," she says.MSC is a privately-owned shipping line founded in 1970 and based in Geneva.It has rapidly grown from a small conventional shipping operator to ...

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Costamare buys MSC pair

Costamare has splashed out $90m on two vessels attached to long-term charters Costamare has splashed out $90m on two vessels attached to long-term charters with Mediterranean Shipping Company.It has also wrapped up charter extensions on six vessels with the liner giant and carded a profit from the scrapping of two older ships.In a statement to investors Costamare says it will pay $60m for the 6,700-teu MSC Viviana (built 2003).The ship, to be renamed the MSC Messinia, will be chartered back to MSC for 10 years at $29,000 daily.A further $30m has been invested on the 4,100-teu MSC Ulsan (built 2002), which is attached to a 63 month charter at $16,500 daily.Greg Zikos, CFO of the New York-listed owner, explains the company has now bought 13 second hand ships since its IPO at the end of last year.It has also placed orders for 10 newbuildings, swelling its IPO fleet from 41 ships to 61 today.On a busy day for deals between MSC and Costamare, the Constantinos Constantakopoulos-led company has also secured extended charters for six ships with the Swiss owner.It tells investors the contracts will contribute revenue of $207m.Heading out of Costamare for the breakers' beaches are the 1,468-teu MSC Tuscany ...

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The top 5 Container Shipping Lines in the World

Maersk Lines-Mediterranean Shipping Company- CMA CGM- Evergreen Marine- American President Line 5. American President Line.American President Lines, or APL for short, services more than 140 countries worldwide and employs close to 20,000 people, making it one of the biggest container shipping companies in the world. APL has offices in nearly 100 countries worldwide, and reaches almost every inch of the globe. Originally founded immediately following the Mexican-American War in 1848 as the Pacific Mail Steamship Company, the company has a rich history that includes shipping gold to the East Coast during the Civil War to support the Northern Cause. APL was taken over by the Dollar Shipping Company shortly after World War I, and was taken over by the U.S. government in 1938.The company also has a ship that survived World War II on display in Los Angeles, the S.S. Lane Victory, a ship that is deemed a U.S. National Historic Landmark.4. Evergreen MarineBased in Taiwan, Evergreen Marine's shipping operations mainly focus on the east coast of Asia and the west coast o North America. With a fleet of over 150 container ships, Evergreen Marine is well prepared for continued growth among Asia's emerging powers. The company also has major ...

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