Media
Media
MEMBER carriers in the Transpacific Stabilisation Agreement (TSA) have concluded at their CEO meeting in Taipei that freight rates are still below sustainable levels and they would be unrelenting in pressing for more money from customers. Member lines - "K" Line, CSCL, Maersk, CMA CGM, MSC, Cosco, NYK, Evergreen, OOCL, Hanjin, Yangming, Hapag-Lloyd, Zim a...
SHENZHEN's China International Marine Containers (Group), the world's largest shipping container manufacturer, has announced its net profit fell 31.8 per cent year on year to CNY958.97 million (US$140.4 million) in 2009 from CNY1.41 billion in 2008. The company attributed the plunge to weaker demand for its dry-bulk containers and chemical industry equi...
FRENCH shipping giant, the Marseilles-based CMA CGM, has announced a wide-ranging rate restoration programme covering most of its major trade lanes. "In a continued effort to provide customers with the same reliable and efficient services to which they are accustomed, the CMA CGM Group has decided to apply a rate restoration programme," said the company s...
Buenos Aires: Troubled Argentine box carrier Maruba - which has ditched its Asia to East Coast of South America service - has revealed its new Round the World service schedule which it hopes can take it back into the profit zone, and reduce its exposure to “difficult service partners”. Using eight vessels (including the contr...
Shanghai: OceanFreight Inc is buying three 206,000 dwt bulkers at Shanghai Waigaoqiao Shipbuilding for $204m. Two of the vessels are scheduled to be delivered in the second and fourth quarters of 2012 and the third vessel is scheduled to be delivered in the first quarter of 2013. All three have fixed time charters ranging in price from $21,500 to $25,000 ...
Eyl: A suspected pirate has been shot dead as private guards repelled an attack on a cargo ship off Somalia, in what may have been the first such incident writes the BBC. The EU naval force (Navfor) says the suspect was found dead by a team from an EU warship which was responding to a distress call from the cargo ship. Guards from an "armed private vessel...
Chennai International Terminals (CITPL), the second private container terminal in the Chennai port, has attracted yet another shipping line for regular container feeder service, the Hindu Business Line reported. Mitsui OSK Lines will start a new weekly service linking the Thai port Laem Chabang with Chennai. The new service will commence from Laem Chaba...
In a new sign of a thaw in ties between Moscow and Copenhagen, Prime Minister Vladimir Putin and his Danish counterpart, Lars Lokke Rasmussen, a new shipping line that Denmark's Maersk will use to link Russia with Latin America, the Moscow Times reported. Relations have been chilly because of Denmark's criticism of Russia's handling of the war in Chech...
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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