DNV GL has awarded China’s Hudong-Zhonghua Shipbuilding an Approval in Principle for the design of a 25,000 TEU LNG-powered containership which would be the largest in the world. The international classification society made the announcement in a post to Twitter. Knut Orbeck Nilssen, CEO of DNV GL - Maritime, handed the AiP certificate to Hudong-Zhonghua … [Read more...]
CMA CGM and TOTAL Sign Major LNG Bunkering Deal
By Gus Trompiz PARIS, Dec 4 (Reuters) - Container shipping firm CMA CGM will use the French Mediterranean port of Marseille for refuelling some of its planned gas-powered vessels, backed by a supply partnership with energy group Total. Total will supply liquefied natural gas (LNG) and a refuelling barge to enable CMA CGM to refuel LNG-powered vessels at the Marseille-Fos hub … [Read more...]
Maersk CFO Leaves for GE
Nov 25 (Reuters) - General Electric Co has named Carolina Dybeck Happe, currently finance chief at shipper AP Moller-Maersk as its chief financial officer, the latest in a slew of management changes aimed at stabilizing the U.S. industrial conglomerate. Happe will start in early 2020 and replaces Jamie Miller, whose departure was announced earlier this year as new Chief … [Read more...]
CMA CGM to Raise $2 Billion for CEVA Logistics Takeover
By Gus Trompiz PARIS, Nov 25 (Reuters) - Shipping group CMA CGM said it planned to raise $2 billion to help finance its takeover of CEVA Logistics, with half the cash coming from selling port assets to its joint venture with China Merchants Port Holdings Co. . France-based CMA CGM, the world's fourth-largest container shipping company, bought CEVA this year to expand in land … [Read more...]
European Commissions Set to Extend Liner Shipping Consortia Exemption by Four Years
By Gavin van Marle (The Loadstar) - The European Commission has indicated it is set to extend liner shipping’s consortia exemption from its antitrust regulations. The Block Exemption Regulation (BER) container shipping lines have enjoyed since April 2014 was set to expire next April, and in the run-up to the deadline, the EC has been holding consultations with industry … [Read more...]