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21/9/2011

Pirates attack MV Pacific Express


Pirates hit Cyprus Maritime’s 22,600-dwt (1981) Pacific Express, Tuesday. The 26 member crew was rescued after their hijacked vessel caught fire 180 nautical miles East South East from Mombasa, Kenya. MV Pacific Express is owned by Athens based Estelle Shipping Company Ltd and managed by Cyprus Maritime Company Ltd, also of Athens, Greece. The vessel was expected in Mombasa port on Monday to discharge 3.300 tons of steel bars and coils.

Shipping News

In light of the Maritime’s Labor Convention official entrance into force on August 20th, the Maria Tsakos Foundation is organizing an international seminar to be held in Athens on May 30-31, 2013 under the auspices of the Greek Ministry of Shipping and the Aegean.
Hapag-Lloyd is launching the new Levante Express Service (LEX). First sailing of the weekly service which further enhances Hapag-Lloyd’s port coverage in the Tyrrhenian Sea and Levant will be June 18 from Cagliari.
A.P. Moller-Maersk , owner of the world's biggest container shipping company, is likely to cut its full-year outlook due to a further slump in container freight rates, analysts say.
HSH Nordbank AG, the world’s largest shipping lender, said the crisis buffeting the industry may worsen through 2014 as clients contend with a drop in demand and the arrival of a new generation of container vessels. HSH Nordbank has taken provisions to prepare for the worst-case scenario, HSH CEO Constantin von Oesterreich told journalists.
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