Port News

Atlantic Container Line to hike ratesNov 5, 2009

Atlantic Container Line will raise rates on the North Atlantic in two stages over the next three months. The first phase will begin Dec. 1 and the second on Feb. 1, ACL said. Freight rates in the North Atlantic fell significantly this year, as container rates in nearly all trade lanes did due to the global economic slowdown. At the same time, ACL said, ris...

Seaspan posts 3Q lossNov 5, 2009

Seaspan, the Hong Kong charter ship owner, posted a loss of $65.9 million for the third quarter ended Sept. 30, which was almost 13 times the loss in the same quarter last year even as its revenue increased by 28.6 percent to $74.1 million for the quarter. Seaspan said it recorded losses for both this year’s and last year’s third quarters becau...

Net profit of the port of Tallinn up 12.5%, Q I-III 2009Nov 5, 2009

Net profit of Tallinna Sadam (the port of Tallinn) increased by 12.5% (up to almost $38.363 mln) witnin nine months 2009 as compared to the corresponding period of previous year, said dv.ee. Port throughput amounted to $91.939 mln (+6% against throughput figures of 2008 reporting period). Tallinn stands third port of the Baltic Sea in its area after the p...

Cargo turnover of Port of Vysotsk LLC (Leningrad region) up by 8.5%, J...Nov 5, 2009

Cargo turnover of  Port of Vysotsk LLC (Leningrad region) increased by 8.5% (to 2 mln 439.578 thousand tons) in January-October, 2009 as compared to the corresponding period figure of 2008. As per the stevedoring company press-service information, 202,775.586 tons of coal was transhipped in October, 2009. Port of Vysotsk is located in Vysotsk Bay. Po...

Costa Rica's government launches tender for Limón-Moín terminal Nov 5, 2009

Costa Rica's government has launched a tender to design, build and operate a new container terminal at the Limón-Moín port complex in Limón province, Business News Americas reported. The new terminal will handle cargo that previously went through the Limón port, which will stop receiving cargo in 2015 and be converted into a to...

Xiamen Port's international transshipments grow 10.8 pc in first thre...Nov 5, 2009

SOUTHEASTERN China's port of Xiamen handled 89,700 TEU of international transshipments in the first three quarters of this year, an increase of 10.8 per cent compared to the same period in the previous year, Xinhua reported. During the third quarter, the port handled 65,300 TEU of international transshipments. The monthly throughput in August even set a ...

Grand Alliance, Zim to fold one FE-US east coast loop into another Nov 4, 2009

GRAND Alliance members, OOCL, Hapag-Lloyd, NYK as well as Zim, will suspend their joint Far East US east coast South China East Coast Express for 16 to 18 weeks starting in December, reports Paris-based AXS Alphaliner. Customers will then be directed to the alliance's eight-4,900-TEU ship loop, the North & Central China East Coast Express (NCE). The ...

Israel Corporation Shareholders approve ZIM restructuring planNov 4, 2009

ZIM Integrated Shipping Services will receive a capital injection of US$450million from its parent company, following a vote by Israel Corporation shareholders. Israel Corporation shareholders also approved a US$100million safety net, taking the combined total to well over half a billion dollars. One of the major elements of the restructuring plan will see...

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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