Media
Media
LAGOS's Duncan's Bonded Terminal has been shut down following the diversion of five TEU and another 12 boxes seized as contraband in recent weeks by the Nigeria customs' Federal Operations Unit (FOU) Zone A. This comes after the jailing of Olabode George for corrupt dealings while chairman of the Nigerian Ports Authority (NPA). FOU Zone A comptroller...
LESS-THAN-CONTAINER load (LCL) Caribbean specialists Tropical Shipping has acquired Miami-based NVOCC Deluxe Freight for an undisclosed purchase price, according to the UK's Handy Shipping Guide. Deluxe Freight is described as being among the top local players in the Cayman Islands LCL import-export market since commencing operations in 1996, said the re...
VISAKHAPATNAM port on the east coast between Calcutta and Madras will spend INR120 crore (US$25.6 million) on the Visakha Container Terminal to double its capacity to 600,000-TEU a year, reports India's Business Standard. During the first half of the current fiscal year, the company handled 45,843 TEU. "We expect container cargo from the Nepal government...
Container alliance CKYH has reached a collective decision to seriously cut back the speeds of its boxships. Announced by COSCO’s Capt Wei Jiafu towards the end of this year’s World Shipping Summit, the alliance, which also includes “K” Line, Yang Ming and Hanjin, will adopt super slow steaming, an initiative pioneered by Maersk Line ...
At the end of the traditional holiday shipping season, Port of Long Beach reported a decrease of 24 percent in the number of cargo containers shipped in October compared with the same month a year ago, according to figures. At Long Beach, 452,418 standard cargo container units moved through the port compared to the 595,189 handled a year earlier, indicatin...
Due to the ongoing strong demand for freezing space, BLG expanded its COLDSTORE at the Container Terminal Bremerhaven once again this year for about two million Euros. This follows three expansions in the past – the last being in 2006. The new building offers space for 4,500 palettes and is equipped with a modern moveable shelf rack system and an auto...
Danisg company Unifeeder has acquired IMCL Holding Ltd., stated the company. It is assumed the fusing will enable to offer more compatible conditions for services in North Europe. Danish Unifeeder is the largest feeder operator in North Europe that exists in the market for over 30 лет. Company’s fleet consists of 42 vessels of 500–900 TEU capa...
South Korea’s STX Pan Ocean has said that it is issuing convertible bonds worth US$200m. The bonds will mature in five years and will carry a coupon rate of 3 to 5 per cent per annum. The Singapore listed firm said the money will be used for general corporate purposes and to finance the purchase of newly built vessels. STX Pan Ocean also said that ...
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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