Kristian Røkke to take helm at Aker Philadelphia Shipyard
Kristian Røkke has been appointed President and CEO of Aker Philadelphia Shipyard ASA (AKPS). As CEO, Mr. Røkke, who is the son of Aker ASA Chairman Kjell Inge Røkke, will “lead the
Search Results for: containership
Hamburg Süd places $710.5 million box ship order at HHI
Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, today won a KRW 800 billion (about $710.5 million) deal to build six 9,600 TEU containerships for shipping line Hamburg Süd. The agreement includes
Israel intercepts weapons shipment
Israel Defense Forces (IDF) have seized a containership loaded with weaponry. The Liberian-flagged Victoria was intercepted yesterday morning some 200 miles west of Israel’s coast. The ship is managed by Peter Doehle
Seaspan and Carlyle Group in $5 billion ship acquisition joint venture
Seaspan Corporation, the Washington family, Gerry Wang and Graham Porter are partnering with the Carlyle Group and Tiger Group Investments to acquire more than $5 billion of ships. The joint venture –
Horizon Line staves off credit agreement default
U.S.-flag containership operator Horizon Lines, Inc. (NYSE: HRZ) says it has entered into a credit agreement amendment with its lender group, effective March 9, 2011. The deal waives a default under the
American Feeder Lines to start first service
American Feeder Lines, which says its vision and mission is the “realization of America’s Marine Highways,” says it will start operations in the second quarter of 2011. Last year the company hired
Chuck Raymond steps down as Horizon Lines cops plea in price fixing case
Charles G. “Chuck” Raymond is stepping down as Chairman, President and Chief Executive Officer of U.S.-flag containership operator Horizon Lines, Inc. (NYSE:HRZ), while Executive Vice President and Chief Operating Officer John V.
Maritime Cabotage Task Force now American Maritime Partnership
American Maritime Partnership (AMP) is the new name for the Maritime Cabotage Task Force. It says that the new name “better reflects the coalition’s focus on the domestic maritime industry’s role in
ABS to form software JV with Herbert Engineering Corporation
Classification society ABS and naval architectural firm Herbert Engineering Corp. (HEC) have agreed to form a joint venture company, Herbert-ABS Software Solutions, LLC (Herbert-ABS). Herbert-ABS will offer loading and salvage analysis
Indian Navy seizes mother ship, captures 28 pirate suspects
The Indian Navy and the Coast Guard have had their second major success against Somali pirates within days. In the early hours of February 6, 28 pirates were forced to surrender about