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.