Shipping Trade and Transport News 9th December 2015
Vessel News
M.V. Capt Lathan / Columbia Elizabeth
Helicopters searched the east coast of Florida to search for a large number of containers as it is uncertain which and how many containers ended up in the water. Investigations are underway to establish how the containers went overboard. The vessel was towed to Port of Palm Beach
M.V Grampian Courageous
Three men rescued from craft of supply ship. The cause of the incident was said to be engine room failure and the incident occurred about 170 miles from Aberdeen.
M.V. Fjardvagen
Investigators have discovered a leakage of hydraulic oil from the vessel. The spill may have lasted a long time and there is now a criminal complaint over this incident.
Company News
CMS-CGM consolidation with $2.4bn NOL aquisition
FRENCH container line CMA CGM has offered to acquire Singapore-based
Neptune Orient Lines for S$3.4bn ($2.4bn) in cash, enhancing its
position on strategic trades such as the US, intra-Asia and Japan, and
forming a larger entity that will own the world’s third-largest
container shipping line
Trade News
EU may restrict Burundi ties over rights concerns
The EU said it could restrict its ties with Burundi to humanitarian aid
after talks on Tuesday failed to resolve its concerns over human rights
in the restive central African country.
Chinese steel dumping poses threats to sector recover in Europe/US
European and US steel producers are only slowly emerging from a 2008
sector meltdown, but already they are faced with a new challenge:
Chinese dumping.
EU states urge action against IS antiquities dealing
Germany, Italy and France called Tuesday for the European Union to crack
down on the illegal trade in antiquities used to bankroll attacks by
the Islamic State group.
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