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Media
HORIZON LINES has posted a second quarter net profit of US$3.7 million, up from a loss of $31.1 million in the same period last year. For the full year, the carrier anticipates adjusted EBITDA performance to be in the range of 2009 results, reports Reuters. For 2009, an adjusted EBITDA amounted to $112.7 million and adjusted net income stood at $14.5 mi...
STATE-OWNED Chinese container shipping line, Hainan Pan Ocean Shipping Co (Hainan POS), plans to enter the China-US market mid-August with a new service connecting Ningbo and Shanghai to Long Beach. The service, named Central China-America West Coast Express (CAE), will deploy four chartered ships of 2,700 TEU each. The service will call at the Pacific ...
Hong Kong: Danish shipping giant AP Moller-Maersk is strengthening its presence in the city by more than doubling its Hong Kong-registered fleet from 17 to 39 ships. Maersk Shipping Hong Kong managing director Dipak Dash told local media one of the reasons for choosing Hong Kong was that ships flying the Bauhinia flag paid preferential dues at mainland ...
Shanghai: Foreign-owned shipbroking enterprises will soon be able to get business licenses in Shanghai, the first time for such companies on the Chinese mainland. Nine companies have undergone inspection by the authorities, and will complete registration soon, officials said. The government believes shipbroking companies were vital for Shanghai to d...
Cairo: Egypt will maintain current transit fees for the Suez Canal, the longest man-made waterway, until at least the end of the year, the chairman of the Suez Canal Authority said. “We will make a decision on whether or not to change the tolls at the end of the year,” Ahmed Fadel told reporters in the northeast city of Ismailia yesterday. T...
SWISS logistics provider Panalpina has appointed Thomas Niederer as global head of road and rail to have a special focus on Europe and the Middle East. Mr Niederer brings breadth of experience in European trucking having worked for Danzas and DHL Express in various positions said a company statement. He joined ABX Logistics as general manager European r...
EAST China's Jiangsu provincial shipyards posted a 52.6 per cent increase in foreign ship purchase value to US$6.48 billion, reports Xinhua. Provincial ship exports grew 14 per cent year on year in June to $1.01 billion, down 30 per cent from the record high in May. Its main markets were the EU, Latin America, Hong Kong and Africa in the first half...
SINGAPORE's Neptune Orient Lines' container arm APL has completed rigging five containerships for "cold ironing" that enables them to plug into shore power this winter at APL's marine terminal in Oakland. By shutting down shipboard generators, APL expects to eliminate 50,000 pounds of nitrogen oxide emissions annually, plus remove 1,500 pounds of par...
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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