February 21 - Teras Cargo Transport (America) and Germany's BBC Chartering & Logistic have created a new joint venture, Teras BBC Chartering Houston, based in Houston.

BBC Houston, a 7,500 dwt multipurpose heavy lift ship with combined crane capacity of 500 tonnes and a service speed of 16.5 knots, is operated by the new joint venture company which is jointly owned by the US subsidiaries of BBC Chartering and Teras.

BBC says that this new US flag service reinforces the strong commitment of Teras and BBC to the USA.