Media
Media
HONG KONG-based Cosco Pacific Limited, the terminal operating, container manufacturing and leasing unit of the Cosco Group, has declared a year-on-year first half net profit increase of 81.7 per cent to US$189.9 million. But this did not include earnings from the company's discontinued logistics business, Cosco Logistics, without which gross profit dro...
Sea Asia, the region’s leading conference and exhibition event for the international maritime industry, has set a new record ahead of its 3rd edition, scheduled for 12-14 April 2011 at Marina Bay Sands, Singapore. Exhibition bookings at 9 months from the opening of Sea Asia 2011, have topped 2,800 square metres, a 20% increase on the net exhibitio...
KOREA's Hanjin Shipping has been fined US$852,000 for shipping hazardous waste from Europe to Brazil on August 3, according to The Associated Press. A container from the Czech Republic via Hamburg to Rio Grande, Brazil, supposedly carrying clean plastic for recycling, was instead filled with dirty cleaning product containers, soiled diapers and "contam...
RICKMERS largest vessel has called at the Burchardkai Terminal in the Port of Hamburg, Germany. Built for the Rickmers Group by Hyundai Heavy Industries in Ulsan, the 13,100-TEU Maersk Edinburgh is now on a 10-year charter to Maersk Line. The ship has already been phased in to Maersk's new joint service with CMA CGM linking Asia and North Europe. A...
GERMANY's Hamburg Sud will reconfigure its Northern Route (EMNR) the Europe-East Mediterranean/Israel services (UKEI) as well as its Southern Route (EMSR) Service into two new stand-alone loops called the North Europe-South Mediterranean Service (NESM) and the North Europe-North Mediterranean Service (NENM) starting late September. The 2,500- to 2,700-...
SOUTH AMERICA's CSAV from Chile, and Libra, from Brazil, have commenced a service linking the Far East with South Africa, reports ComPair Data. The New Discovery service will operate with eight CSAV vessels averaging 2,609 TEU and in which Libra will buy slots. The rotation will be Xingang, Ningbo, Shanghai, Shezhen-Chiwan, Hong Kong, Singapore, Du...
HONG KONG's Orient Overseas Container Line (OOCL) has declared that the 8-month-old and much ballyhooed freight rate derivative market is of doubtful value, said corporate planning Stephen Ng. After looking at container derivatives, the company concluded that the swaps were "not beneficial". This follows a similar lack of interest from Maersk, APL and ...
SHIP operating costs will increase between 1.7 per cent and two per cent this year compared to a decline of 1.5 per cent last year, according to London's Drewry Shipping Consultants latest forecasts. In its "Ship Operating Costs 2010/11", Drewry charts the evolution of costs for manning, insurance, stores, supplies, repairs, maintenance, management and...
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
qq.com