Container explodes in industrial accident

Authorities are investigating a shipping container explosion in the Port of Los Angeles as an industrial accident. The container was loaded with scrap metal for export when it blew up late Tuesday afternoon at the Evergreen Shipping terminal. There were no injuries but more than 100 people including truckers were …

CMA CGM completes the acquisition of Containerships

The CMA CGM Group, a leading worldwide shipping Group, is pleased to announce that it has completed today the acquisition of Containerships, a container-transportation and logistics company. The European Commission authorized this transaction on October 22nd. Containerships, which specializes in the intra-European market, will complement CMA CGM’s service offering. Containerships, …

Lomonosov Prospect, a new-generation LNG-fuelled Aframax tanker, successfully completes a voyage along Northern Sea Route

On 30 October 2018 at 23:59 Moscow time, Lomonosov Prospect, Sovcomflot’s large-capacity tanker using LNG fuel as its primary fuel, successfully completed a commercial voyage along the Northern Sea Route (NSR) to deliver a cargo of petroleum products from the Republic of Korea to Northern Europe. The high-latitude voyage from …

Sovcomflot tanker Gagarin Prospect successfully completes first commercial voyage from Primorsk to Rotterdam on LNG fuel

On 22 October 2018, Sovcomflot crude oil tanker Gagarin Prospect, operating on LNG fuel, successfully completed her voyage across the Baltic and North Seas from Primorsk to Rotterdam where she safely delivered a cargo of 104,815 tonnes of crude oil. For the pioneering vessel, it marked her first export delivery …

Container Finance and CMA CGM combination agreement accepted by EU

The combination agreement between Container Finance Ltd Oy and CMA CGM, signed on 20.6.2018, has been accepted unconditionally by all relevant competition authorities on 22.10.2018. The combination is estimated to take place on 31.10.2018. Upon closing the agreement, Container Finance’s entire container logistics operations including Containerships plc, Multi-link Terminals Ltd …