TradeWinds
Shipping Index

Pricey ro-ros

Four US ro-ro operators have between them scooped charter contracts from the US government worth $300m for only eight months work.


US domestic shippers can look forward to a major payday from Uncle Sam
Horizon Lines, American Roll-On Roll-Off Carriers, Matson Navigation and Pasha Hawaii Transport Lines are the lucky recipients.

The contracts call for the supply of sea and intermodal freight services between the US West Coast and Hawaii and Guam.

Horizon and Matson both snagged contracts worth $100m, while Pasha and American won deals worth $60m and $40m respectively.

Work on all four charters is expected to start in the middle of next month and run until November 2009.

The four contracts were placed by the US Transportation Command, Directorate of Acquisition, Scott Air Force base, Illinois.

“This contract was a competitive acquisition with four bids received,” the US Transportation Command said.

Published: 07:06 GMT, 25 Feb 09 | updated: 07:16 GMT, 25 Feb 09
Latest News
Article image

Genco ship held

Emergency preparedness questioned after authorities detain a panamax bulker in the port of Baltimore.

19:31 GMT, 15 Mar 2010
Article image

Baltic melts

Peter Georgiopoulos' latest dry-bulk venture Baltic Trading closes IPO after pocketing $228.2m.

18:06 GMT, 15 Mar 2010
Article image

Double pay cut

Statoil extends Havila AHTS brace for a further year, but the rate is sliced by around $4,000 a day.

16:21 GMT, 15 Mar 2010
Article image

Iron price push

Deutsche Bank analyst foresees volatility in the drybulk market as steel mills challenge miners over iron ore pricing.

16:02 GMT, 15 Mar 2010
Article image

Alla to enter

Indian restrictions on Lady Alla cargoship to be relaxed after owner reportedly settles legal disputes.

15:41 GMT, 15 Mar 2010
Article image

Sweating on trio

Cecon hires Fincantieri and other experts to help decide on the future of its Davie Yards’ newbuildings.

14:49 GMT, 15 Mar 2010
Article image

Tributes for Koo

Hong Kong mourns as a legendary shipping figure Koo Kou-Ming dies aged 85.

14:47 GMT, 15 Mar 2010
Article image

Helping hand

Croatian government coughs up loan guarantees for three of six yards it is privatising.

14:40 GMT, 15 Mar 2010
Article image

Saade seeks cash

CMA CGM “awaits offers from several investors” as report on talks with shipowner and private equity firm surfaces.

14:34 GMT, 15 Mar 2010
Article image

Carmen fixed

BW Offshore lands three-year deal for FPSO which has been sporadically laid-up in recent times.

14:16 GMT, 15 Mar 2010
Article image

Vessels collide

Ferry and cargoship damaged in collision off Travemunde, Germany.

13:36 GMT, 15 Mar 2010
Article image

Carry on cruising

British penchant for cruising sees numbers rise again in 2009 despite recession.

13:31 GMT, 15 Mar 2010
ShipX Auction