French shipping group CMA CGM has signed to acquire Finland's Containerships from Container Finance Ltd Oy. Containerships specializes in the intra-European shortsea shipping and logistics market. Container Finance’s holdings in Multi-Link Terminals Ltd and CD Holding Oy are also included in the deal and will become part of CMA CGM Group. Containerships has a fleet of … [Read more...]
About Mike Schuler
Incident Video: 1,000-Foot Laker ‘American Spirit’ Runs Aground in Duluth Harbor
Minnesota's Duluth Harbor was briefly shut on Sunday after a large laker ran aground just short a breakwall. The 990-foot M/V American Spirit was departing Duluth Harbor fully loaded with taconite when it grounded about 50-feet from the breakwall at approximately 3:30 p.m. local time while attempting to turn out of the harbor. A time-lapse video made from footage from a … [Read more...]
Containership Abandoned in Bay of Bengal Due to Major Fire
The Indian Coast Guard has rescued all 22 crew member of a containership following a major fire aboard the vessel while about 50 miles off the coast of India in the Bay of Bengal. The India-flagged SSL Kolkata reported fire just after midnight on Thursday. The fire was reportedly caused by an explosion in one of the shipping containers and later spread to about 60 other … [Read more...]
Charleston Harbor Deepening Project Receives $49 Million in Federal Funding
The project to deepen the shipping channel leading to the South Carolina's Port of Charleston to 52 feet will receive $49 million in federal funding next year. The U.S. Army Corps of Engineers (USACE) announced the $49 million for the Charleston Harbor Deepening Project will be included in its Fiscal Year 2018 Work Plan. Together with financial support from the State of … [Read more...]
ONE Takes Delivery of First Pink Newbuild
Ocean Network Express has taken delivery of its first newbuild containership sporting the company's pink magenta color. The ship, named ONE Stork, was delivered by Japan Marine United Corp's Kure Shipyard in Kure, Japan. It is the first of seven newbuilds built with a capacity of 14,000 TEU. The 364-meter-long ONE Stork will be phased into THE Alliance's Asia to North … [Read more...]