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Magenta Joint Venture Terminal Opens
“Through this joint venture in Singapore, ONE will be enabled to further enhance its terminal and vessel planning operations in an even closer co-operation with PSA. This will improve our service reliability and benefit our customers through better service levels,” Jeremy Nixon, ONE Chief Executive Officer, said.
New NY/NJ Port Record
The Port of New York and New Jersey still shows good results as it handled an all-time record of 1,8 million TEU during the first quarter of 2019 and increased result for 6.7% over the same period in 2018.
NY/NJ’s first quarter performance comes on the back of a 2018 milestone in which the port handled over 7 million TEU for the first time in its history.
During March 2019, the port handled 585 thousand TEUs, which represented a 4% increase over the previous March record, set in 2018.
According to the handled cargo volume, the Port of New York and New Jersey retains its position as the busiest on the US East Coast.
Norwegian Cruise Line Holdings is reporting record earnings for Q1 2019. Their net income stood at USD 118.2 million compared to USD 103.2 million in 2018.
They also saw a revenue increase of 8.5% to USD 1.4 billion. The rise was mainly due to the addition of Norwegian Bliss to the fleet and high onboard spending.
As stated by Mark A. Kempa, executive vice president and chief financial officer: “The strong demand environment we have been experiencing for some time is continuing throughout 2019 and into 2020. . . bringing our total shareholder capital returns to USD 600 million over the last four quarters.”
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First Grimaldi's hybrid RORO vessel
Jinling Shipyard in China has started construction of the first hybrid RoRo freighter for Grimaldi Group.
12 vessels in the class are scheduled to be built and the first delivery expected to be done in 2020.
The hybrid vessels will use traditional fossil fuels during operation and battery power when in port.
The hybrid RORO vessel measure around 240 meters in length and has a beam more than 30 meters. The 64 thousand ton ships will be capable to transport over 7,800 lane meters of rolling units, equivalent to approximately 500 trailers.
Power and hybrid systems for the ships will be constructed by Kongsberg Maritime, while Steering gears and propulsion and maneuvering systems will be delivered by Rolls-Royce.
The newbuilds are the part of Grimaldi’s fleet renewal, which will see the Italian shipping company invest USD 1.5 billion in new units.
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