Media
Media
CSCL and Evergreen will scrap their joint China-Pacific Southwest (PSW) service (AAC2/CPS2) in December with a last sailing from Qingdao on December 4. The service deploys five 2,500- to 4,200-TEU ships, two of which are provided by CSCL and three by Evergreen, with an average weekly capacity of 3,890 TEU, reports Alphaliner. The service, launched last ...
German container shipping company Hapag-Lloyd posted a record third-quarter operating profit that sets the scene for a possible initial public offering (IPO) next year or the disposal of the line. Hapag-Lloyd in the three months through September posted an operating profit of US$368.8 million, compared with a year-earlier loss of $249.66 million. Pa...
Singapore: Newly Singapore-listed STX OSV has bagged four platform supply vessels to be built for Farstad Shipping. The four vessels have been contracted at a total of NOK1.3bn and two will be built in Vietnam and two in Norway. They are due for delivery in 2012 and 2013. We have had a long-standing relationship with Farstad Shipping, with approximately 30 ...
Singapore: Singapore-based Luna Ship Management and Ship Management Associates (SMA) have merged. The two ship managers have merged to form a third party manger called Norstar Shipmanagement. The new company will initially manage 12 tankers, five from SMA and seven from Luna. The new company directors are brothers Chris and Tom Bonehill from Luna an...
Sydney: Australian wheat producers are shipping an increasing amount of grain in containers rather than in bulk, the Australian Bureau of Agricultural and Resource Economics said yesterday, a trend that reflects tighter credit and smaller inventories at the customer end. Wheat shipped in containers and bags rose by almost 5% to 2.5m tonnes in the marketing ...
MARSEILLES' CMA CGM has announced the extension of its Black Pearl service to the west coast of South America, covering Ecuador, Peru, Panama and Chile from December 12. "This service not only offers extended coverage of the areas served but also numerous connections to the Caribbean Rim, east coast of South America and the Far East - thanks to seamles...
THAI intra-Asia feeder Regional Container Lines (RCL) returned to profitability with a third quarter net profit of THB356 million (US$11.9 million), wiping out last year's same-quarter loss of THB589 million. Third quarter volumes increased nine per cent year on year to 646,447 TEU and mirrored that nine per cent year-on-year increase in the first nine mon...
FREIGHT forwarders are urging the Chinese government to introduce anti-trust regulations to stop shipping lines from discussing rates and surcharges. Steve Huang, CEO for China at DHL Global Forwarding, said introduction of anti-trust regulations would be "a positive development for the logistics industry in China," reports London's International Freig...
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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