Ho Chi Minh City: Vietnam has joined the premier league of container shipping with the first call of a 9,000 teu boxship in Ho Chi Minh City by Maersk Line. Jesper Praestensgaard, ceo of Maersk in Asia – Pacific said Vietnam had entered the “premier league” of the industry with the maiden direct call by the 9,038 teu Mathilde Maersk at SP ...
BEIJING - China's inflation accelerated in April and housing prices rose at a record pace, but analysts said Beijing is likely to avoid an immediate interest hike that might slow the recovery of the world's third-largest economy. April consumer prices rose 2.8 percent from a year earlier, below Beijing's full-year target of 3 percent but up 0.4 percent...
- CMA CGM has upgraded to a weekly service to the Halterm Container Terminal at Canada’s Port of Halifax with the addition of a second vessel in the port rotation of New York, Halifax, Kingston and back to New York. In its new configuration the service will offer regular service with connections through the Kingston Container Port in Jamaica to key ...
MALAYSIA Airlines Cargo (MASkargo) and Connecticut-based Southern Air Inc have signed a multi-year, multi-aircraft lease agreement, reports Bernama news agency. Under the agreement Southern Air would initially provide three Boeing 747 freighter aircraft along with crew, maintenance and insurance, said MASkargo managing director Shahari Sulaiman. "Maskar...
MOL announced that MOL and MOL (China) Co Ltd have donated the equivalent of JPY3 million (US$323,943) to the China Red Cross as emergency aid to the victims of the massive earthquake that hit China's Qinghai province on April 14. "We express our condolences to the victims, and hope that the area will be rebuilt as quickly as possible," said the Japanese...
CSAV Group has announced a new direct service between Central America and North Europe. The Europe Caribbean Service, ECS, will be run with 6 vessels of 2,200 TEUs, in a weekly service with the following rotation: Rotterdam, Tilbury, Hamburg, Antwerp, Le Havre, Kingston, Cartagena, Santo Tomas de Castilla, Puerto Cortes, Puerto Limon, Kingston and Rotterd...
APL has introduced a new website that addresses how the world's fourth-largest container shipping line is meeting the environmental challenges of world trade. The new site highlights initiatives the carrier is undertaking on board vessels and at its terminals to reduce air emissions and protect water quality. "Moving our customers' cargo and supportin...
Kuala Lumpur: Scomi Marine Bhd, an oil and gas services provider, has inked a sale of shares agreement with ANZ Capital Sdn Bhd and Mirapo Sdn Bhd, to acquire a 60% stake in Trans Advantage Sdn Bhd for RM9m. Scomi Marine in a statement said the proposed acquisition was expected to contribute positively to its earnings and net assets. Following the complet...
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