December 7th, 20180Mediterranean Shipping Company (MSC) has been forced to pay $630,625 in penalties to the California Air Resources Board (CARB) for violating the Ocean-Going Vessel At-Berth regulation.
The violations were discovered during a routine audit of the company’s 2014 visits to the Port of Oakland and the twin ports of Los Angeles and Long...
December 6th, 20180Transocean has completed its $2.7bn acquisition of Ocean Rig.
First announced in September, the deal grows Transocean’s fleet to 54 drilling units with the addition of nine drillships, two semi-submersibles and an additional two drillship currently under construction.
Ocean Rig is now a subsidiary of Transocean, and the enlarged...
December 4th, 20180Mediterranean Shipping Company (MSC) has become the latest line to explain how it intends to get customers to pay for its global sulphur cap compliance.
MSC’s new Bunker Recovery Charge (BRC) will be a “transparent way of segregating, and passing on, the significant operating cost MSC faces from the 2020 sulphur cap”, the...
November 30th, 20180Transocean and Ocean Rig have both announced the approval of their respective shareholders for Transocean’s $2.7bn acquisition of Ocean Rig, first announced in September.
Ocean Rig is now set to become a subsidiary of Transocean, and the enlarged entity will remain listed on NYSE under the RIG symbol.
Jeremy Thigpen, president...
November 27th, 20180French line CMA CGM and potential new acquisition CEVA Logistics have outlined how the pair intend to grow together, albeit as separate brands. CMA CGM yesterday gave more details of its planned takeover of the logistics outfit.
Under the new plans CEVA will take over CMA CGM’s freight management activities called CCLog, following...
November 20th, 20180The fuel tank of a 4,360 teu MSC boxship was badly ruptured yesterday morning as the vessel manouvered and hit a berth at a terminal belonging to Yilport in Turkey.
Oil dispersants were used and a boom was put around the ship and the oil spill was contained.
The 22-year-old vessel, the , will now likely stay in Turkey for...
November 16th, 20180Container shipping is playing catch-up with other industries such as aviation and banking when it comes to having a common set of information technology standards, the spokesperson for a proposed new group of liner giants has told Splash.
Yesterday, Maersk, CMA CGM, Hapag-Lloyd, MSC and Ocean Network Express dominated headlines with...
October 15th, 20180The head of Mediterranean Shipping Company (MSC), the world’s second largest containerline, has predicted real-time tracking of all boxes around the globe will happen sooner or later.
MSC is teaming up with tech firm Traxens to equip 50,000 of its dry cargo containers with gadgets to keep better track of individual boxes.
“MSC...
October 10th, 20180Gianluigi Aponte, founder and chairman of the Geneva-based MSC group, has made clear he is not enamoured with China as a business partner and he is not afraid about the potential of the Belt and Road Initiative. His greatest fear at the moment are the possible consequences of an oil price hike in the near future. That’s what emerged...
October 9th, 20180Swiss commodity trader Trafigura Group has entered into an agreement with global fund manager IFM Investors to create a joint venture which will see IFM Global Infrastructure Fund invest in certain Trafigura assets operating as Impala Terminals.
The 50:50 joint venture will own and operate a network of concentrates terminal...
