MSC Group, a leading global transport and logistics company, has appointed Ammar Kanaan Chief Executive Officer of its cargo container terminals arm, Terminal Investment Limited (TiL), effective 9 April 2018. As the founder and Chairman of International Port Management, Ammar Kanaan brings a wealth of expertise and 30 years’ experience in the transport and port…
MSC Mediterranean Shipping Company S.A. is enhancing intermodal connections via the port of Trieste, Italy, to improve transit times for shippers moving cargo between Asia, the Mediterranean and Europe. The new “MSC Graz-Trieste Runner” shuttle train, operated together with Cargo Center Graz, connects Trieste with Werndorf, Austria, once a week. The service is the first…
Hapag-Lloyd, Ocean Network Express, and Yang Ming have announced the strategic cooperation with CMA-CGM, COSCO, and OOCL to enhance their Mediterranean – U.S. East Coast service AL6 (Atlantic 6). The aim of this cooperation is to deliver a more efficient and comprehensive service quality. The improved service is consolidating the AL6 service (operated by Hapag-Lloyd,…
On Friday, 28 September 2018, Venta Maersk called the port of Saint Petersburg, Russia, successfully completing a trial passage of the Northern Sea Route. Venta Maersk, one of Maersk Line’s new Baltic feeders, embarked on her voyage on 22 August 2018 in the port of Vladivostok, Russia. The route included further stops in Vostochny Stevedoring…
Global Ship Lease, Inc. (NYSE:GSL) (“GSL” or the “Company”), Poseidon Containers Holdings LLC and K&T Marine LLC (together “Poseidon Containers”) announced today that they have entered into a definitive merger agreement for a stock-for-stock transaction representing a total transaction value of over $780 million on an asset value basis to create a leading containership charter…
Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that the Company had entered into a $65.0 million credit facility with funds associated with Hayfin Capital Management and Breakwater Capital to fund the acquisition of additional feeder containerships. The non-amortizing facility may be drawn down during an 8-month period beginning September…
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