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Media
SAFMARINE, an AP Moller-Maersk unit specialising in north-south routes, announced a net profit of US$186 million drawn on a revenue over $2.4 billion in the first nine months of the year. As this was the first time Safmarine has reported financial results, no comparative year-on-year figures were made available. But compared with its parent's container...
Singapore: APL is beefing up its connections to its mainline calls in Vietnam with a new cross border trucking service to Phnom Penh. The new service will link the Cambodian capital with Cai Mep in Vietnam by road and according to APL Logistics will offer a later cut off time for shippers from its container freight station in Phnom Penh. “Cross-Border...
Oakland: Container lines are aiming for a $400 per feu increase on the transpacific trade next year. Members of the Transpacific Stabilization Agreement are seeking a $400 per increase from 1 may for shipments from Asia to the US West Coast and $600 per feu for all other cargo. TSA also recommended a peak season surcharge of $400 per feu from 15 June to 30 ...
Hong Kong: China Shipping Development Co (CSDC) has announced that its wholly owned subsidiary China Shipping Development (Hong Kong) has ordered four 180,000dwt bulk carriers from Shanghai Jiangnan Changxing Shipbuilding. The vessels were ordered at a total cost of $220m. The company will also sign options with the shipiyard for two additional 180,000dwt b...
St. Petersburg: The Sovcomflot Group (SCF) and China National Petroleum Corporation (CNPC) have signed a strategic long-term cooperation agreement. The document was signed by the President and CEO of Sovcomflot, Mr. Sergey Frank and the President of CNPC Mr. Jiang Jiemin, in the presence of Mr. Igor Sechin, Deputy Prime Minister of the Russian Federation, a...
REVIVING the generic "grey box" idea, the European Shippers' Council (ESC) seeks to re-open discussions of ocean carriers abandoning dedicated liveried container fleets for common container pools of grey boxes instead. The ESC argues that anti-carbon hysteria will drive demand and warrant reconsideration of the grey box. "The reason for the lack-lustre...
STATISTICS from the Nanjing customs showed that Jiangsu's ship exports in the first 10 months jumped 58.5 per cent year on year to US$11 billion, Xinhua reported. The province's ship export had been falling since hitting a peak in May 2009, but rebounded in October with a value of $1.3 billion, up 160 per cent year on year and 46.8 per cent month on m...
IDLE containership capacity has risen to 336,000 TEU or 2.4 per cent compared to 328,000 TEU in early November, reports the Paris-based maritime research agency Alphaliner. The total number of idle ships dropped to 142 vessels, from 148 units in early November. Eight postpanamax vessels and nine maxi-panamaxes of nearly 5,100 TEU are now idle due to ser...
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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