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THE collapse of The Containership Company (TCC) was attributed to unrecovered fuel costs, by former company director Lars Jensen, who now heads his own consultancy, SeaIntel Maritime Analysis. The budget carrier was "always out of pocket on fuel costs" as the company had come under market pressure to implement the same eastbound fuel surcharge as Transpac...
FINANCIALLY troubled Horizon Lines say customers have shown support as the Charlotte, NC ocean carrier looks for financing to get by the damage done by a US$45 million price fixing fine that may yet sink the enterprise. "The vast majority of customers have indicated that they will continue to rely on the company for shipping services at the same levels a...
MAERSK Line, the world's largest carrier, has announced it will increase the freight rates from east coast US to Far East, starting May 15. For cargo from Newark, Norfolk, Savannah, Miami and Mobile, the rates will be raised by US$90 for TEU and $100 for FEU and 45-footers. (Source:http://www.schednet.com)
China’s Guangzhou municipal government has signed a memorandum of cooperation with AP Moller-Maersk on international container shipping business and on Guangzhou port’s expansion. Maersk Line has also signed an agreement with the Guangzhou Port Group on reinforcing cooperation on the business in Nansha port area, it was reported. The agreeme...
GERMAN's Lufthansa Cargo has announced it handles 469,000 tonnes of cargo in the first quarter, up 19.9 per cent year on year. This was attributed to an increase of capacity of 22.8 per cent through the reactivation of freighters, the expansion of the AeroLogic fleet with eight aircraft, and the extra capacity offered by its sister company Austrian Air...
AUSTRALIA's Federal Court has fined Japan Airlines Co Ltd A$5.5 million (US$5.8 million) for its role in an air cargo cartel, making it the seventh airline penalised by authorities in the probe. According to a statement by the Australian Competition and Consumer Commission, the Federal Court in Melbourne ordered the fine based on Japan Airlines' admis...
HONG KONG's No 2 ground handler, Asia Airfreight Terminal Co Ltd (AAT), has announced its March throughput hit 63,271 tonnes, an increase of 12 per cent year on year. Export cargo increased 11 per cent to 45,137 tonnes while import cargo went up 11 per cent to 17,440 tonnes. Transshipment volume came to 693 tonnes, up 83 per cent against the correspond...
THE US Senate's Safe and Efficient Transportation Act would raise heavy truck weight limits to 97,000 pounds, ending a 20-year federal ceiling and is matched by identical legislation from the House of Representatives. It's the latest action in a battle over truck sizes and weights limits Congress imposed in 1991, reports Newark's Journal of Commerce....
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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