The ships in question are the company’s World Class 1 and 2 and a fifth vessel in their Meraviglia Class of ships. According to law firm Watson Farley & Williams, the financing structure provides construction financing for the cruise ships as well as post-delivery financing in respect of 80% of the total cost of construction…
Number of Lost MSC Zoe Containers Jumps to 345 The authority cited the boxship’s owner, Swiss Mediterranean Shipping Company (MSC), as saying that the new assessment emerged after MSC Zoe’s remaining containers have been unloaded at the Port of Gdansk in Poland. Initial reports suggested that around 270 containers were lost from the vessel in…
MSC Mediterranean Shipping Company and 2M partner Maersk Line announce a new strategic cooperation with ZIM on Asia-US West Coast (USWC) and Asia-Mediterranean trades. MSC, Maersk Line and ZIM will run the operation on the Maple service with seven vessels between Asia and the US West Coast. The 2M VSA will contribute three vessels and…
The Dutch Coast Guard informed that at least 21 containers have washed ashore at the beaches of Vlieland, Terschelling and Ameland, adding that there are still containers in the water. The coast guard said on Wednesday that interested parties should not help with the cleaning activities as there are three unlocalized containers that could contain…
MSC Mediterranean Shipping Company has started a clean-up operation in response to a substantial spill of containers in the North Sea. The cargo ship MSC Zoe encountered heavy weather while sailing toward Bremerhaven, Germany, on 2 January. Unfortunately, a number of the containers were damaged or lost overboard amid very difficult conditions. MSC appointed on…
MSC Mediterranean Shipping Company is pleased to announce a revised ocean network to better serve shippers moving cargo between Asia and Europe. We can only assume that container terminal congestion at the main ports of the trade will continue to worsen, leading us to anticipate and incorporate longer time buffers in the schedule, in terms…
As informed, the violations were discovered during a routine audit of the company’s 2014 visits to the Port of Oakland and the twin ports of Los Angeles and Long Beach. The investigation by CARB revealed more than 2,500 violations for both the Oakland and LA/LB fleets for failing to reduce auxiliary engine power generation by…
Noble Corporation plc announced the purchase of a new Gusto MSC CJ46 design jackup rig from the PaxOcean Group (PaxOcean) in connection with a concurrently awarded drilling contract. Noble paid $33.75 million of the $93.75 million purchase price in cash, with the remainder of the purchase price, or $60 million seller-financed at a 4.25% interest…
As MSC Cruises, prepares to welcome guests on board MSC Magnifica for the Company’s first World Cruise on January 5th , the Swiss-based world’s largest, privately-owned cruise line reveals some of the highlights that guests can book in advance. One glance at the inspiring list of destinations explains why this itinerary sold out in such…
MSC is pleased to announce that we have agreed a new strategic cooperation with Maersk Line and Hyundai Merchant Marine. The cooperation has been agreed outside the scope of the 2M vessel sharing agreement. It includes a combination of slot exchanges and slot purchases between the parties. The agreement is scheduled to begin in April…
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