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Maersk Line has announced a January 1 general rate increase on all container cargo from the Far East to the east coast of South America. The increase will be US$400 per TEU and $800 per dry FEU. (Source:www.schednet.com)
JSC Shipbuilding Company Almaz (St. Petersburg) will launch in the next few days a ship of the project 10412, built under the contract with Vietnam. On Wednesday, the vessel was moved to Dock-423, the company’s press release said. In summer 2009, two vessels of the project were laid at the shipyard and have been delivered to the customer in Vietna...
The volume of production generated by shipbuilding enterprises of Ukraine in January-September 2010 rose 19.3% from a year earlier, to UAH2,373,300,000, or about $300 million, the Ministry of Industrial Policy of Ukraine reports. Among the leading shipbuilding companies who boosted nine-month output are listed SJSH Company Chernomorsky (Black Sea)...
Danish container shipping and oil group A P Moller-Maersk posted a profit of US$4.42 billion for the first nine months of the year, citing improved freight rates and higher crude prices. The better-than-expected result was up from a loss of $712.49 million in the same period in 2009, reported Associated Press Newswires. Revenues jumped 22 percent to...
Small is beautiful for an expanding band of niche-focused container shipping carriers which have forsaken larger ships and slower sailing speeds in favour of "greyhound" services which can offer quicker transits across the Pacific. The move by the four carriers – Horizon Lines, Matson Navigation, The Containership Company and TS Lines – to l...
DUTCH global forwarder CEVA posted a 26 per cent year-on-year increase in pre-tax third quarter profit to EUR86 million (US$118.3 million) drawn on record revenues of EUR1.82 billion, an increase of 32 per cent. "I am pleased with the strong performance. Actions we have taken and ongoing focus on contract logistics profitability gives us confidence that...
The NYK-operated 20,200-ton Izumi, a 3-year-old geared general cargo carrier, hijacked last month, has since been deployed by Somali pirates as a mother ship, using its 20 Filipino hostage crew as a shields against possible attack by naval forces patrolling off the Horn of Africa The European Union Naval Force Somalia (EU NAVFOR) said the Panamanian-fla...
SINGAPORE's Neptune Orient Lines (NOL), parent company of container shipping line APL, has announced that rates averaged US$2,916 per FEU in the four-week period ending October 15, representing an increase of 29 per cent compared to the same period in 2009. Freight rates have, however, declined for the second month in a row since peaking at an average ...
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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