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GERMANY's second largest carrier Hamburg Sud has posted its financial results for 2010, showing a 45 per cent increase in revenue to about EUR3.9 billion (US$5.6 billion) in 2010 with a volume growth 23 per cent from 2009 to 2.9 million TEU. The results include its Brazilian subsidiary Alianca as well as the tramp activities operating under Rudolf Oetker...
AP Moller-Maersk CEO Nils Andersen told media after an event in Singapore that Maersk Line is exercising its option for another ten 18,000-TEU vessels, reported London's Lloyd's List. "The first decision will come in June and we do expect we will exercise that option for an additional 10," said Mr Andersen, reported Newark's Journal of Commerce. In F...
MAERSK's Singapore-based intra-Asian carrier, MCC Transport, has added a second call at Shenzhen-Yantian on its southbound leg of its IA6 service, dropping Osaka and Kobe in the process, reports ComPair Data. The new rotation will be Singapore, Da Nang, Haiphong, Hong Kong, Shenzhen-Yantian, Xiamen, Hakata, Busan, Keelung, Shenzhen-Yantian, Hong Kong, Ha...
THE top 50 American trucking companies posted a 2010 revenue increases of 9.4 per cent to US$85.4 billion year on year after a 17.7 per cent decline the year before, according to Pennsylvania-based SJ Consulting Group. Truckload carrier revenue grew 11.1 per cent compared to 9.3 per cent for parcel and same-day carriers while less-than-truckload carrier ...
DHL Supply Chain Australia is investing A$80 million (US$83.85 million) in the development of three new distribution centres in Sydney's western suburbs that are scheduled to become operational by the middle of this year and employ 120 staff. The distribution centres will occupy an area measuring 55,000 square metres and form part of a new dedicated logi...
VOLUMES of refrigerated rail freight transported via the Pacific north-west to Chicago on the Cold Train intermodal service are expected to increase 300 per cent in 2011 compared to last year, according to Chris Mnichowski, owner and president of CTI Freight Systems that manages the non-stop, express service launched in April 2010. The forecast comes as e...
FREIGHT forwarders have raised concerns about the ability of some ports to handle larger vessels deployed on intra-Asia routes as capacity grows to up to 4,000-TEU from a maximum of 1,000-2,000 TEU a few years ago. The deployment of medium-sized ships on the transpacific will increase the need for investment to boost post capacity in Asia, according...
CENTRAL China's Hunan province posted a 12.4 per cent increase in cargo transport volume in the first two months reaching 220.4 million tonnes, reports Xinhua. Rail transport volume grew 6.5 per cent to 3.7 million tonnes, while the trucking increased freight 16.9 per cent to 94 million tonnes, accounting for 86.5 per cent of the total. Cargo transpo...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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