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A European research consortium has been successful in spawning Atlantic bluefin tuna in two different locations in the Mediterranean Sea.
The Managing Director of the DVB Bank predicts that the tanker and container markets will continue to look bad in the second half of 2009. Dagfinn Lunde said that more shipping companies would experience liquidity problems as the market continued to be depressed. DVB Bank, which specialises in transport finance, posted a pretax profit of...
The global recession brought volume and earnings down significantly at the Port of Charleston. Profit plummeted 53 percent to $25.7 million for the fiscal year ending June 30. The South Carolina State Ports Authority said its operating revenue declined 18 percent to $136.2 million during the year, while operating expenses were flat at $111 million. Charle...
Container terminal operator Cosco Pacific has revealed that throughput at its terminals fell 6.7 per cent year on year in July to 3.78 million TEU, but the year-on-year loss narrowed from the 8.2 per cent to 23.9 million TEU suffered from January to August. Cosco's Shanghai terminal volume fell 13.4 per cent to 441,00 TEU in July and dropped 19.5 per cent...
Shipping-derivative traders urged the Baltic Exchange Ltd., the world's largest shipping bourse, to create a single electronic platform to handle the contracts. The Freight Market Information Users' Group of traders said almost 88 percent of its members backed the move. The results of the vote were sent in an e-mail to members today, a copy of which was o...
India’s Port of Mumbai agreed to extend concessions on empty container storage charges for a further period of one year ending September 2010 in response to appeals from port users and the trade. The discounted rates, slated to take effect on Sept. 9, will apply to containers handled at designated yards and container freight stations, and not to uni...
In the first half of 2009, there was a decline in the volume of goods transshipment at most of Poland's major ports, consistent with the trend from the second half of 2008. In the case of Szczecin and Swinoujscie, transshipment declined by 19% year on year in the firs half of 2009. In the case of Gdynia port, there was a decline of 21% year on year in the ...
As the ports of Los Angeles and Long Beach post another round of dismal monthly import statistics, a new assessment finds that the nation's busiest seaport complex will need at least four more years to fully recover its momentum - not to mention the jobs, incomes and revenues that went with it - after the worst global recession in 60 years, the Los Angels ...
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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