Marco
Marco News
Marco Polo Seeks Protection from Creditors
The Board of Directors of Marco Polo Marine informed that PT Marcopolo Shipyard (PTMS), has filed an application to place itself under a Penundaan Kewajiban Pembayaran…
Marco Polo Marine Seeks Suspension
Singapore-listed shipping services company Marco Polo Marine requested a trading suspension following an "increasing number" of demand letters from creditors. The…
Marco Polo Marine Revenue Drops for Q1
Marco Polo Marine Group Group recorded a revenue of S$11.4 million in Q1FY2017, a decrease of 33% from that of S$17.0 million in Q1FY2016. Relative to Q1FY2016…
Marco Polo Appoints Adviser for Business Review
Singapore's Marco Polo Marine Ltd, whose business includes building and chartering ships, said it has appointed KPMG Services as an adviser to conduct an independent business review of the company. The company, which has S$50 million ($37.19 million) worth of notes maturing on Oct. 18, said it would hold an informal meeting with holders of the notes on Sept. 13 to present KPMG's review and discuss various options in connection with the notes.
Cruise Ship Marco Polo Leaves Damen Shiprepair
Damen Shiprepair Vlissingen (DSV), part of Damen Shiprepair & Conversion (DSC), has said farewell to Marco Polo, the 800 passenger cruise ship owned by Global Maritime and operated by Cruise & Maritime Voyages. Launched in 1964 as the Aleksandr Pushkin, she was in for her 10th special survey and general maintenance and refurbishment. The project took around five weeks to complete. An elegant vessel whose design harks back to an earlier era…
Sembcorp - Marco Polo Dispute Update
Rig-builder Sembcorp Marine (SembMarine) is currently embroiled in a dispute with Marco Polo Marine over a US$214.3 million rig construction contract that Marco Polo wants terminated.
Marco Polo Terminates Rig Contract with Sembmarine
Marco Polo Marine has unilaterally terminated a rig building order worth US$214.3 million from a subsidiary of Sembcorp Marine. Sembcorp Marine on early Wednesday morning said its subsidiary…
Sound Oil Appoints Marco Fumagalli as Non-exec Director
Sound Oil, the Mediterranean focused upstream oil and gas company, announced the appointment with immediate effect of Marco Fumagalli as a Non Executive Director…
MacGregor Winch Portfolio Wins Order from Marco Polo
MacGregor, part of Cargotec, has secured a contract with the Marco Polo Shipyard Pte Ltd with its facilities in Batam, Indonesia, to supply deck equipment for two 76m, 9,000kW anchor handling tug supply (AHTS) vessels with bollard pulls of 150 metric tons, to be constructed for Marco Polo Marine. There are options for two further vessels. Each shipset includes a high pressure windlass/mooring winch…
Marco Launches New Website
Marco Group International, a service and equipment provider for the surface preparation industry, has launched its redesigned Marco.us website. The focus of the website’s redesign was to simplify navigation and enhance functionality. The site includes a new, modern visual design, redefining the Marco brand. The site also includes expanded product information, including part number listings and schematic drawings…
CMA CGM Marco Polo Fitted with Marinestar
Fugro Seastar AS announced that CMA CGM Marco Polo has been fitted with Marinestar maneuvering system to assist in berthing and navigation. The satellite aided navigation…
CMA CGM Marco Polo Fitted with Fugro Maneuvering System
Fugro Seastar AS announced that CMA CGM Marco Polo has been fitted with Marinestar maneuvering system to assist in berthing and navigation. The satellite aided navigation technology is based on composite GPS and GLONASS constellations and measures precise speeds at the bow and the stern together with quay distances to assist the vessel safely to the berth. The Marinestar system provides speed and heading…
Abeille Tows CMA CGM Marco Polo
The crew on the Abeille Bourbon successfully completed towing operations on the CMA CGM Marco Polo, the jewel in CMA CGM’s crown and the largest containership in the world (capable of carrying up to 16,020 TEUs(*)), as part of an exercise organized by the Atlantic French Maritime Prefecture. The Abeille Bourbon is a tug specializing in salvage and assistance and chartered by the French Navy to protect the French coastline.
CMA CGM Invites Passengers Aboard Marco Polo
CMA CGM, announced that passengers cabins are now available on board the massive CMA CGM Marco Polo containership (16 020 TEUs). These original cruises offer travelers the possibility to live a unique experience by discovering oceans, seas and continents to the beat of international trade and involving themselves in the life on board by sharing the crew’s everyday life. The CMA CGM Marco Polo includes 5 double modern cabins of 20m2 each…
Wärtsilä Appoint Marco Wirén CFO & Executive V-P
Marco Wirén appointed Chief Financial Officer, Executive Vice President & member of the Wärtsilä Corporation Board of Management. Mr Wirén (47), M.Sc. (Econ.) has broad-ranging experience of financial management and international business management. He currently works as Executive Vice President and CFO in the Swedish steel manufacturer SSAB, having held that position since 2008. Prior to joining SSAB as Vice President Business control in 2007…
CMA CGM MARCO POLO
CMA CGM Group said that the CMA CGM Marco Polo, the world’s largest containership, began its first voyage on Wednesday, November 7, in Ningbo, China. The ship is a 16,000 TEU vessel, owned by CMA CGM, sailing under the UK flag. Built by DSME (Daewoo Shipbuilding and Marine Engineering) in South Korea, the ship displays exceptional dimensions at 396 x 54m, with a draft of 16m. CMA CGM Marco Polo is the first of a series of three 16,000 TEU vessels, will to be named after great explorers.
First voyage of the CMA CGM Marco Polo
Hamburg was the first continental European port of call on the maiden voyage of the CMA CGM Marco Polo. The mega-ship, with a capacity of 16,020 standard containers, is being handled at the HHLA Container Terminal Burchardkai. The French shipping company CMA CGM sets great store by Hamburg because of its geographic location and hinterland links. On Wednesday morning, the CMA CGM Marco Polo became the first container mega-ship with a capacity of more than 16…
Marco Polo Seatrade Exits Chapter 11
Marco Polo Seatrade and its affiliated companies have obtained final approval of their Plan of Liquidation from the New York Bankruptcy Court overseeing the Chapter 11 case.
Court Confirms Marco Polo Seatrade Chapter 11 Protection
U.S. Courts confirm Marco Polo Seatrade Chapter 11 protection and frees vessel. The New York Court supervising the reorganisation of Marco Polo Seatrade and its…
Marco Polo Seatrade Gets Bank Backing
Marco Polo Seatrade has received court approval to obtain fresh financing from Royal Bank of Scotland, one of its senior lenders. The New York Court supervising…
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