Container Shipping


CMA CGM succeeds in $814m notes issue

Proceeds will be used to refinance existing notes issued in 2011 that mature in 2017 and 2019

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Ship Finance International buys three boxships with charters attached

Athens: Fredriksen-led Ship Finance International (SFI) has agreed to purchase three 9,000-teu containership newbuildings, which have timecharters attached, from an unnamed seller.

The three vessels are currently being constructed to a fuel-efficient design at an undisclosed yard. Delivery is expected between the last quarter of this year and the first quarter 2016.

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North Korean seafarers jailed in Panama for arms trafficking

San Francisco: Two North Koreans have been jailed in Panama for 12 years for attempting to smuggle Cuban weapons through the Panama Canal. The seafarers, Captain Ri Yong-Il and first mate Hong Yong-Hyon, were working on the North Korean-flagged Chong Chon Gang when it was stopped and searched in July 2013.

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August date set for new Suez Canal opening

Cairo: August 6 has been announced as the official launch date for the new expanded Suez Canal. Egyptian president Abdel Fattah El-Sisi will be on hand to officiate at the ceremony.

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Cruise Ship Embraces LNG

A cruise ship received environmentally friendly power from an LNG hybrid barge for the first time when Becker Marine Systems’ barge, Hummel, provided 7.5 megawatts of low-emission power to AIDAsol during its layover at port in Hamburg last month. “With this successful premiere, the Port of Hamburg is serving as a global role model,” said Henning Kuhlmann, a managing director of Becker Marine Systems.

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