Five container shipping companies - MSC, A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, and Ocean Network Express - intend to create an association with the purpose of paving the way for digitalization, standardization and interoperability in the container shipping industry.IT executives from the shipping groups are currently discussing the creation of common information technology standards which
Japanese carrier Ocean Network Express (ONE) is set to see losses spiral to $600m in its first year, says its revised consolidated business forecast for FY2018 (April 1, 2018 to March 31, 2019).The integrated container shipping operating company, which was established by Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines Ltd.
Ocean Network Express Pte. Ltd. (ONE) announced it has taken delivery of the 14,00 TEU capacity ONE Aquila at Japan Marine United Corporation’s Kure Shipyard in Hiroshima. The containership’s sublet owner is Nippon Yusen Kaisha (NYK Line).The vessel’s main engine features a duel system that enables high and low output ranges for flexible operation and improved fuel-consumption rate
Saudi Arabia announced last week it was suspending oil shipments through the Red Sea's Bab al-Mandeb strait after Yemen’s Iran-aligned Houthis attacked two ships in the waterway.To date, no other exporters have followed suit. A full blockage of the strategic waterway would virtually halt shipment to Europe and the United States of about 4.
Singapore headquartered container carrier Ocean Network Express Pte. Ltd. (ONE) has taken delivery of a new 14,000 TEU-class containership from Japanese shipbuilder Imabari Shipbuilding Co., Ltd, on July 24, 2018.The new ultra-large containership, One Minato, was built at Imabari’s Hiroshima yard and joins the ONE fleet under sublet from Kawasaki Kisen Kaisha, Ltd. (“K” Line).
Norway's BW LPG, the world's largest liquid petroleum gas shipper, raised its offer to buy rival Dorian LPG on Monday after its first advance was rebuffed.BW offered Dorian shareholders 2.12 BW LPG shares for each Dorian share, up from 2.05 BW LPG shares in an initial offer made on May 29.BW LPG said the offer represents a value of $8.67 per Dorian share. The stock closed at $7.
U.S. Defense Secretary Jim Mattis said on Tuesday that the United States would continue to confront what Washington sees as China's militarization of islands in the South China Sea, despite drawing condemnation from Beijing for an operation in the region over the weekend.Reuters first reported that two U.S.
Russia's first-floating nuclear power plant arrived in the Arctic port of Murmansk over the weekend in preparation for its maiden mission, providing electricity to an isolated Russian town across the Bering Strait from Alaska.The state company behind the plant, called the "Akademik Lomonosov", says it could pioneer a new power source for remote regions of the planet
Managers of insolvent P&R Group are being investigated after it was discovered the investment firm sold nearly one million more shipping containers than it owned, the Munich prosecutors' office said on Thursday.Once the world's biggest lessor of shipping containers, P&R sells containers to investors and its sister company in Switzerland rents them out to shipping companies.
Japan's Ocean Network Express (ONE) announced the commencement of container shipping businesses on April 1, 2018. ONE is the result of an integration of the container operations of three Japanese shipping carriers, namely, Kawasaki Kisen Kaisha, Ltd ("K" Line), Mitsui O.S.K. Lines, Ltd (MOL) and Nippon Yusen Kabushiki Kaisha (NYK).
Pirates freed a ship carrying 22 Indian crew and 13,500 tonnes of gasoline on Tuesday, Hong Kong-based Anglo-Eastern, which was managing the ship, said in a statement. "All crew members are reported to be safe and well and the cargo remains on board," the company said. The Marine Express tanker was missing in the Gulf of Guinea after contact was lost in Benin on Friday.
In a show of prototypes, a pod of unmanned sailboats from around the world competes to cross “The Atlantic” test tank in Horten, Norway. Cross the real ocean, and the Sail Bots race similarly challenges scholarly robotic-vessel designers to North America for a bit of station-keeping, collision-avoidance and “cargo moves”.