Tag Archive for shipping news

YILDIRIM Acquires 20% of CMA CGM’s Share Capital

Following its meeting under the chairmanship of Jacques R. Saadé, the Board of Directors of CMA CGM, the world’s third largest container shipping company, announced today that a final agreement has been reached between CMA CGM shareholders and YILDIRIM Group of Turkey.

SITC places four-boxship order

SITC International Holdings announced its wholly owned subsidiary, SITC Development, had entered into shipbuilding contracts with Yangfan Group to order four 1,100 teu boxships at the Zhejiang-based shipbuilder at a total cost of $72.4m. SITC International said in a statement to the Hong Kong Exchange that the four container vessels were scheduled for delivery in…

MOL, Vale Sign Long-term Transport Contract for 2 VLOCs

Mitsui O.S.K. Lines Ltd. (MOL; President: Koichi Muto) today announced the signing of a long-term transport contract with Vale International SA, a subsidiary of Vale S.A. for two very large ore carriers (VLOCs) on November 18. Two 300,000 DWT-class newbuilding vessels, which will be constructed at Universal Shipbuilding Corporation and slated for completion in 2012…

NYK Included in DJSI World for Eighth Consecutive Year

On November 4, NYK was selected for the Dow Jones Sustainability World Index (DJSI World), marking the eighth straight year that NYK has been included in this major yardstick for socially responsible investment (SRI), investments in companies whose CSR activities are considered to be upstanding.