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THE Indian High Court of Appeals has ordered Chennai Container Terminal - run by DP World - to reduce tariffs 35 per cent, rejecting its appeal against cuts that were ordered by state regulators. The rate cut is effective immediately and will be for all customer services at the terminal for a period of two years up till March 31, 2013, according to the co...
FRENCH shipping group CMA CGM has taken delivery of the 11,388-TEU CMA CGM Lyra, the last of 12 same-sized vessels ordered in June and September 2006 from South Korean shipbuilder Hyundai Heavy Industries. Alphaliner reports that the newbuilding was finished 10 months ago, but was then mothballed at the yard before being delivery. The ship is expected ...
POLAND's DCT Gdansk and Demark's Maersk Line have announced the arrivals of first regular E class 15,500-TEU vessels that have started calling at DCT Gdansk in the Baltic Sea region on the Asia-Europe (AE10) service. This comes after Maersk and DCT established a regular connection between the Far East and Gdansk in January 2010 first served by 8,000-TE...
ATHENS-BASED, New York-listed Costamare has posted a 28 per cent first quarter profit decline to US$17.9 million year on year, drawn on revenues of $85.96 million, which fell 3.4 per cent. CEO Konstantinos Konstantakopoulos said the company had been spending on new tonnage, but was now poised to grow, reported Newark's Journal of Commerce. "After Chinese...
THE Shanghai Shipping Exchange (SSE) told London's Containerisation International that it is willing to subject its China Containerised Freight Index (CCFI) to an audit if enough shippers and carriers think it necessary. The statement was prompted by rising concerns that some ocean carriers provide accurate manifest data, but others may not, thus the in...
Global fuel testing services firm DNV Petroleum Services (DNVPS) has introduced a new data analytics tool to help shipping companies get the best value from bunker fuel purchases. The new web application Fuel Insight aims to provide real-time information on bunker deliveries worldwide, tapping into DNVPS' live bunker quality database. It distils complex...
Singapore-based Tanker Pacific Management has found itself in the cross hairs of the US State Department over sanctions against Iran. The Ofer Brothers owned tanker firm was one of seven companies that US secretary of state Hilary Clinton said sanctions will be imposed on “their activities that support the US energy sector”. The sanctions will b...
Maersk Line announced a new policy to refrain from purchasing containers with floors made of uncertified tropical hardwood. “Illegal logging is widely recognised as a serious threat to forests, people and wildlife. We feel obligated to use our purchasing power to push for higher standards and ensure that the timber we use for container floors come f...
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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