Discover the Iris-Paoay: Ratings & Maritime News

In a notable transaction, a vessel has been sold for $5.5 million to Lubeca Marine, a company based in Germany. This significant sale underscores the active maritime market and highlights the continued interest in maritime assets among European buyers. The identity of the vessel remains undisclosed, but this acquisition marks a strategic investment by Lubeca Marine as it expands its portfolio.

CMA CGM has announced significant upgrades to its Cagema Main Liner service, beginning with the MV CONRAD S, voyage UA907S, which departed from New York on October 26th, 2014. This redesign aims to better align with customer needs, positioning CMA CGM as the sole provider in the industry that ensures weekly direct links to Jamaica, Trinidad, and the Dominican Republic from the East Coast of the United States and South Florida. A key enhancement includes a remarkable reduction of transit time from Miami to Trinidad, now improved by 4 days; shipments leaving Miami by Friday until 7 PM will reach Point Lisas by Thursday PM, making cargo available in Trinidad by Friday. The revised service rotation will operate as follows: New York City (Sunday) – Savannah (Wednesday) – Miami (Friday) – Kingston (Monday) – Point Lisas (Thursday) – Port of Spain (Friday) – Rio Haina (Monday) – New York City (Sunday).

CMA CGM has announced a significant 5 to 6 month charter extension as it continues its operations in the vibrant Caribbean trading sector. This move underscores CMA CGM's commitment to enhancing its shipping capabilities and maintaining a robust presence in this strategic region.