GERMANY's once-troubled Hapag Lloyd third quarter pre-tax profit increased by EUR448.1 million (US$608.8 million) to EUR263.6 million - up from a EUR184.5 million loss suffered in the third quarter last year. The Albert Ballin Holding Group, whose sole purpose is to own and operate the Hanover-based container shipping line, achieved an EBIT of EUR506 m...
Hanjin Shipping. South Korea's largest shipping line, and China Shipping (Group) said they were close to ordering new vessels as world trade rebounds from the global recession, according to the Manila Bulletin. Hanjin may announce a deal for mid-size container ships by as early as year-end, chief executive officer Kim Young Min said at a conference in ...
Horizon Lines, the US domestic ocean shipping and integrated logistics company, announced it would launch express intermodal container service to key inland US cities when it begins the new Five Star Express (FSX) transpacific liner service in December. The maiden FSX voyage is scheduled to depart Ningbo, China, on December 14, Shanghai on December 15, ...
Seeing a window of opportunity in intra-Asia routes, a new carrier, Great Eagle Shipping Lines, has entered the trade lane. The carrier has launched a Hong Kong to Haiphong, Vietnam, service with the deployment of a 700 TEU vessel that turns around every five days, making six sailings a month. "We are planning to expand very fast. We hope to start a...
Nanjing: Nanjing Tanker Corporation’s first ethylene carrier successfully completed its maiden voyage late last week. It is the first Chinese owned ethylene chemical carrier. The tanker Peng Shun, originally named Marianna, was purchased by CSC Nanjing Tanker Corporation’s subsidiary Shanghai Changshi Shipping and managed by its wholly-owned sub...
SEATTLE is expected to pay US$950,000 this year to participants of its Incentives for At-Berth Clean Fuels programme to encourage ships to use costly low-sulphur fuel in auxiliary engines while docked. The $2,250 paid to each vessel helps offset the use of the expensive low-sulphur fuel while at berth, reports Newark's Journal of Commerce Nine cont...
THREE giant railway cranes being shipped from Leipzig to Xingang near Dalian, each standing 19.5 metres high and weighing 167 tonnes and lifting capacity of 160 tonnes, and are expected to arrive at their destination to work in combination to form a block train. The customer is China is the Chinese Ministry of Railways, which will utilise them in variou...
ATHENS-based Goldenport Holdings, which own 25 containership and bulkers is planning cellular vessel acquisitions to add to its new-build deliveries of four in 2011 and three this year. Its confidence in the market is driven by emerging trade with emerging BRIC markets and rebounding intra-Asia trades and localised niche routes as well as Europe-West Af...
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