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Media
Failure to hand over a free zone area to the operator of Pakistan’s Gwadar Port, for construction of warehousing facility is turning the port of the future into a white elephant with both the government and PSA of Singapore losing millions, according to Business Recorder. Under the terms of the concession agreement with PSA, three companies were ass...
SMALLER forwarders in Britain have blasted their major rivals for offering to ship containers at below market rates, not caring if the boxes will make the ship they promised, reports London's International Freighting Weekly. With space tight since November, carriers would roll containers booked at low rate in favour of customers paying the market rate, s...
Los Angeles: The Containership Company (TCC), the new budget Scandinavian line, has selected TraPac Container Terminal at the Port of Los Angeles as its US west coast gateway. “Los Angeles welcomes The Containership Company to our Port and our City,” said Mayor Antonio Villaraigosa. “As the newest entrant in the Trans-Pacific cargo trade...
Manila: Thome Shipmanagement is set to grow its fleet by 30 ships over the next few months on the back of three new clients. The Singapore-based ship manager says it has three new principals, Norwegian owner Solvang, Sirius and another undisclosed Swedish owner. “We will have 30 ships coming over to the fleet in the next few months,” said Olav E...
Manila: Negros Navigation Co (Nenaco) said it has emerged from rehabilitation after posting profits for three consecutive years. “With the corporate rehabilitation behind us, our objective now is to sustain our profitability. We will continue to modernize our fleet and we will be relentless in finding ways on how to improve further our operations,&r...
Kuala Lumpur: A Malaysian backed shipping line is set to link distant parts of Southeast Asia with Papua New Guinea, the South Pacific and Australasia. Starting next week, MBF Carpenters Shipping will deploy a 910 teu ship, Osnabruck, on the intercontinental route. The Osnabruck has been taken on charter at $4,300 a day according to Maersk Broker and is one...
Demolition of single-hull tanker may not lead to an increase in charter rates this year because most of them were not attracting much cargoes in 2009, Mr Martin Stopford, Managing Director of Clarkson Research Service Ltd, said. Single-hulled carriers secured 2.5 bookings a ship in 2009, down from about seven in 2004, Mr Stopford elaborated. Over that p...
WITHOUT admitting guilt, China Shipping Container Line (CSCL) has settled for a US$440,000 penalty from the US Federal Maritime Commission (FMC) for improper rate cutting on 1,000 shipments over four years, contrary to the 1984 US Shipping Act. The carrier and three non-vessel owning carriers agreed to pay a total of $625,000 and desist from such activiti...
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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