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JAPAN's NYK Line's container shipping business posted an operating profit of US$131.9 million in the first quarter from April 1 to June 30, of its current fiscal year after suffering a loss of $207.5 million in the first quarter the year before. Revenue in the same period was up 39.7 per cent to $393 million. In the current fiscal year beginning on Ap...
DENMARK's AP Moller-Maersk's US-flagged subsidiary Maersk Line Ltd must pay a US$3.09 million fine for violating US sanctions against shipping to Iran and Sudan, reported the American Shipper. "We recognise our obligation to follow US trade sanctions, and we regret the violations," a statement from the Maersk said. The fine was only five per cent ...
DUBAI's global transportation and logistics company, Aramex, second quarter profits increased 10 per cent year on year to AED55 million (US$14.9 million) while first half profits came in at AED102 million, up 10 per cent year on year. "For the second consecutive quarter, company revenues witnessed double-digit growth, reaching AED557 million, a rise of...
MARSEILLES' CMA CGM has received delivery of the 11,400-TEU CMA CGM Leo from South Korea's Hanjin Heavy Industries yards with its sister vessel CMA CGM Pegasus expected next month. The 11,400-TEU ship will fly the Maltese flag and is one of the first vessels of the group to receive the new Bureau Veritas classification notations Clean Ship C and FORS....
CONTAINER shortages, soaring rates resulting in rising supply chain costs threaten the global recovery of international trade, declared John Lui, chairman of the Singapore-based Asian Shippers' Council. "The US recovery is not strong enough to absorb price increases and the value of the euro has fallen. I think the rising cost of moving cargo, which mu...
THE KOREA Marine Transport Co (KMTC) and Sinotrans plan to commence a new joint intra-Asia service connecting ports in South Korea, China and Indonesia, called the KCI service. The KCI service will call at Busan, Kwangyang, Shanghai (Waigaoqiao), Ningbo, Hong Kong, Jakarta, Singapore, Kaohsiung, returning to Busan. The first sailing will be undertak...
DENMARK's AP Moller-Maersk has decided to strengthen its presence in Hong Kong by significantly increasing its fleet under the Hong Kong flag. With its recent decision to register an additional 22 newbuildings, a total of 39 vessels in the AP Moller-Maersk Group will be under Hong Kong flag. Maersk Shipping Hong Kong (MSHKL), one of the group's ship-o...
A 314,016-TON very large crude oil tanker, the M Star, was apparently attacked by a bomb or rocket, which damaged its hull in the Strait of Hormuz between Oman and Iran. "The degree of hull damage is under investigation, but no serious injury was reported, although one of a crewman was slightly injured. But no oil leaked," said MOL, according to America...
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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