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Chile's CSAV (Compania Sud Americana de Vapores), the biggest shipping line in Latin America, has reported its best quarter in history, with net profit coming in at US$149 million for three months ending September 30, drawing on revenues of $921 million, up 133 per cent over last year. Vastly improved results were credited to a 74 per cent increase in vo...
BIRMINGHAM's OT Africa Line has announced that used electrical goods, now being seized as "toxic waste" by the Nigerian authorities, will no longer be shipped by the carrier, reports the Maritime Advocate, an admiralty law guide based in Red Bank, New Jersey. The Advocate reported that the National Environmental Standards and Regulations Enforcement Agen...
VANCOUVER's Seaspan, a non-operating shipowner, posted a third quarter loss of US$71 million year on year, compounding a $66 million in the same 2009 period despite revenue rising $111 million, compared to $74 million as the size of the company's fleet grew. Described by CEO Gerry Wang as a "paper loss" incurred in financing its expanding fleet, the com...
THE Canada Transpacific Stabilisation Agreement member lines have announced they will hike their currency adjustment surcharge to seven per cent from December 1. At five per cent in October, the surcharge has gone up six per cent in November as currencies, particularly Japan's, rise sharply against the dollar. CTSA updates its currency surcharges monthly...
SOMALI pirates have launched unsuccessful attacks on vessels from the Gulf of Aden to the Indian Ocean with one ship coming under fire, reports Lloyd's List. London's Containerisation International reported that a German-owned LPG carrier was abandoned by its Somali captors found themselves powerless after the ship's crew disabled the ship and locked t...
KOREA's Hanjin Shipping, which runs five Asia-North Europe loops jointly with CKYH-Green Alliance, will introduce one blank voyage in its NE5 loop in January for slack season, said a company statement. The voyage scheduled to be cancelled is the January 1 position at Kwangyang, which was to be undertaken by Hanjin Bremerhaven. Hanjin deploys nine vessels...
Wilhelmsen Ships Service in Singapore has been appointed by Odfjell Tankers AS to provide ships agency services in Singapore. The full agency agreement starts immediately and will add a further 20 port calls per month to the Wilhelmsen Ships Service portfolio. Odfjell Tankers is a leading global provider of ocean transportation of bulk liquid chemic...
The launch of the NYK ALTAIR highlights NYK’s ongoing commitment to environmentally friendly global transportation. Despite the prevailing economic headwinds, NYK continues its investment of 70 billion yen over six years in the development of innovative environmental technology. The NYK ALTAIR incorporates some innovative developments in engine desi...
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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