July 26th, 20190Offshore driller Transocean has revealed three new contract awards and a pair of extensions for the last quarter in its latest fleet status report. In Canada, 2009-built semi-submersible rig Transocean Barents has been awarded a three-well contract, with three one-well options, by Equinor. In Egypt, 2010-built drillship Discoverer...
July 23rd, 20191At the first annual meeting of the newly born Italian shipowner association, Assarmatori, the executive chairman of Mediterranean Shipping Company (MSC), Gianluigi Aponte, was asked who might be next in the great wave of container shipping consolidation. The shipping veteran said eventually he expected Japan’s Ocean Network Express...
July 19th, 20192When one thinks of Switzerland, images of mountains, chocolate, cheese and all things nice spring to mind. We also see the country as a champion of human rights and fiercely independent, a country that positions itself as being politically neutral based on individual freedoms and fairness. This neutrality is showcased by the Swiss not...
July 16th, 20190The is sailing towards the Netherlands after its operator forked out $50m to free the boxship a month after US authorities found $1.3bn of cocaine onboard. Mediterranean Shipping Co (MSC) has posted a $10m security deposit and a $40m surety bond. The firm has also agreed to submit to the jurisdiction of US courts while the Justice...
July 11th, 20190Capital Product Partners has agreed new long-term time charters with MSC for 8,266 teu boxship pair Agamemnon and Archimidis. The 2007-built Agamemnon will commence the new charter in the third quarter of 2019, upon completion of scrubber installation and passing of special survey. The 2006-built Archimidis will commence its new...
July 9th, 20190Three weeks on after the biggest cocaine bust in US history the ship at the centre of the scandal shows no sign of leaving American shores, with authorities warning yesterday the 9,962 teu is “subject to possible forfeiture”. On June 16 the boxship was raided in Philadelphia by the the US Customs and Border Protection (CBP) with...
July 4th, 20190Israeli carrier has announced a further expansion of its strategic cooperation with the members of the 2M Alliance, Maersk and MSC, with two new strings on the Asia - US Gulf trade. The new services, catering for both central and south China and South Korea, feature two weekly cutoffs in Houston and Mobile to serve growing US exports...
July 4th, 20190MSC Mediterranean Shipping Company has become the latest liner to institute a war risk surcharge for all cargoes moving to and from the Arabian Gulf. The move follows CMA CGM and X-Press Feeders adding charges in the wake of six tanker attacks in and around the Strait of Hormuz over the last two months. MSC is charging $40 per teu, $4...
July 3rd, 20195The world’s largest containership has been delivered this week by South Korea’s Samsung Heavy Industries. The 400 m long is the first boxship in the world to feature 24 rows across giving it up to 1,500 extra container capacity compared to the existing largest container vessels. The 61.5 m wide vessel is the first of 11 giants...
June 27th, 20192Having combed through the entire ship, the US Customs and Border Protection (CBP) has revealed it found more cocaine onboard the than originally reported, clocking in at just shy of 18 tonnes, a record haul in the United States with a street value of $1.3bn. On June 16, the 9,962 teu MSC Gayane was raided when it docked at the US...
