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JULY 2, 2012 — French container shipping giant CMA CGM Group has agreed to sell its boutique cruise shipping operation, La Compagnie du Ponant, to European private equity investor Bridgepoint. Bridgepoint focuses on the acquisition…
JULY 2, 2012 — Citing "severe cash flow problems," Japan's Sanko Steamship Line has filed for bankruptcy in the Tokyo District Court. A statement from the company says it has filed for under "DIP" type…
JULY 2, 2012 — Concordia Maritime has taken delivery of the Suezmax crude oil tanker Stena Supreme from the Geoje, South Korea, shipyard of Samsung Heavy Industries in Geoje, South Korea. With a length of…
JULY 2, 2012 — Alexander & Baldwin Holdings, Inc. (NYSE:  ALEX) has completed its previously announced plan to separate its land and transportation businesses into two stand-alone, publicly traded companies. From today, Jones Act shipping…
JULY 2, 2012 — NOL Group said today it intends to sell its iconic Singapore headquarters building. The container shipping giant says it is selling the 26 story building to release capital for strategic investment.…
JULY 2, 2012 — Heavy lift shipping giant Dockwise today reports that, through its wholly-owned subsidiary Dockwise White Marlin B.V., it now controls 80.4 percent of the outstanding shares of Fairstar Heavy Transport N.V.). It…
JULY 1, 2012—Mitsui O.S.K. Lines, Ltd. announced the completion of the 6,400-auto hybrid car carrier Emerald Ace, designed to generate zero emissions while berthed, at the Mitsubishi Heavy Industries, Ltd., in the Kobe shipyard in…
JULY 1, 2012—The first of two 99.9m multi-functional icebreaking supply vessels for Arctic operation was launched at Arctech Helsinki Shipyard on June 30. The hull assembly for sister vessel is expected to start in early…
JUNE 29, 2012 — A U.K. court has been told that British marine surveyor David Mockett was killed by a bomb blast in Yemen on July 20 last year after he had doubts that an…
JUNE 29, 2012 — Mitsui O.S.K. Lines, Ltd. has signed a long-term contract for two new liquefied natural gas (LNG) carriers with Kansai Electric Power Inc.  and has concluded contracts to build the ships One…
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