Media
Media
HAINAN PO SHIPPING (Hainan POS) and TS Lines have added at port of call at Oakland to their joint Central China-America West Coast Express service (CAE). The amended port rotation for the CAE service is: Hong Kong, Shenzhen-Yantian, Xiamen, Ningbo, Shanghai (Waigaoqiao), Long Beach, Oakland, and back to Hong Kong. The service continues to be operate...
Tata NYK Shipping Pte Ltd, a 50:50 joint venture set up by Tata Steel Ltd and Japan’s NYK Line Ltd, plans to more than double its fleet to 30 ships by 2014 to meet rising demand for coal and iron ore in India, said two persons familiar with the development, including a company executive. Tata Steel is the world’s sixth biggest crude steel ma...
ALLPORT, one of Britain's largest freight forwarders, is merging with CS Logistics Holdings Limited, the parent company of Cargo Services Far East Limited of Hong Kong. The two have worked together for 20 years having established the Far East Cargo Line NVOCC network and set up joint ventures in South Africa, Singapore, Thailand and Korea, said an Allp...
SINGAPORE's Neptune Orient Lines (NOL) says it has financing for 12 containerships with lenders offering of US$926 million, or 78 per cent of the $1.2 billion needed, NOL said in a filing to the Singapore Exchange. The rest will come from an earlier bond issue and internal sources, reported Lloyd's List. NOL said financing "will be customary for ship ...
THE Shanghai Containerised Freight Index fell 1.4 per cent compared to the start of 2010 to US$1,086 per FEU in the week ending December 17, down from $1,073 per FEU the week of January 1. This means the index of container shipping out of Shanghai that was launched by the Shanghai Shipping Exchange (SSE) in October 2009 has fallen to its lowest level si...
THE number of containerships above 7,500 TEU delivered this year reached 61 units, a total not seen since 2006, yet surpassing that record year in tonnage delivery as 29 of the ships in 2010 were 10,000 TEU or more while only two were in 2006. China Shipping Container Line (CSCL) will receive its first 14,000 TEU ship, with six units planned for deliver...
TRANSPACIFIC ocean carriers experienced a 63 per cent year-on-year increase in revenue, up more than US$4 billion in the third quarter, reports Box Trade Intelligence (BTI), also noting that services to the US east coast were the most profitable. This combined with a fall in operating costs, resulting in carrier yields rising from $164,524 during Q3 las...
NEW YORK-LISTED dry bulk shipowner Diana Shipping Inc is preparing to spin-off its interest in the company's 55 per cent-owned subsidiary Diana Containerships Inc, reports Alphaliner. It said Diana Containerships has applied to list its common stock on the Nasdaq Global Market from January 3. "Diana Shipping will distribute 2.67 million shares of c...
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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