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In the first two months of this year the throughput of the First Container Terminal (FCT, St. Petersburg) amounted to 156.196 TEUs, 25.4% up from the same period a year earlier. Container turnover this February reached 79.793 TEUs, a 30.2 percent rise over the last year’s two months, the National Container Company reported (NCC, manages FCT). In Feb...
- Shipping and logistics giant AP Moller-Maersk has posted its first ever loss of US$1.02bn in 2009, compared with a profit of US$3.46bn in 2008. Group CEO Nils S Andersen said that while the loss was significant, 2009 had been an extraordinary year with historically low rates and demand. “We managed to limit the loss by saving about US$2bn and we w...
JAPAN's MOL container shipping line has announced its participation in a new service revamp with "K" Line on the US west coast and Canadian trade lanes. Starting April 7, the JAS Service will be a shuttle between Japan and Los Angeles and Oakland deploying five ships, providing faster transits from Los Angeles and Oakland to Japan, said the MOL statement...
PACIFIC International Lines (PIL) has announced that it will start a weekly China-Long Beach loop called the China-TransPacific (CTP) services from April 6. The 35-day rotation will be Hong Kong, Shenzhen-Shekou, Ningbo, Shanghai, Long Beach and back to Hong Kong, deploying five PIL ships in the 1,350-TEU range. "The launch of the CTP service is part of...
Kuala Lumpur: MISC has launched a direct feeder service between Bangkok and Singapore. The Malaysian shipowner is deploying a 500 teu vessel, with 60 reefer slots, on the Siam Singapore Shuttle Service between Bangkok and Singapore. MISC said the direct container service will provide a significant boost to importers and exporters with faster transit times, ...
Mumbai: National carrier Shipping Corporation of India (SCI) has joined hands with another state-run enterprise, Steel Authority of India Ltd (SAIL) in the setting up of a joint venture that will provide shipping-related services. “We are making good progress on working out the nitty-gritty in the partnership,” said SCI chairman and managing d...
Zhoushan: Cosco Zhoushan shipyard has agreed to delay the delivery of four supramax bulkers. The four 57,000 dwt bulkers due to be delivered this year to an undisclosed European owner will be delayed by 18 to 19 months. The final delivery will now take place in March 2012 instead of September this year. Meanwhile the 57,000 dwt newbuilding Xin Shun was deli...
MALAYSIA's MISC Berhard fiscal third quarter results were hurt by its liner shipping unit losses of which saw profits fall to MYR589 million (US$173 million) compared to year previous earnings of MYR1.3 billion. Its liner arm losses far exceeded 2008 decline of MYR604 million to drop a staggering MYR 1,375 million in the calendar year 2009 with an operat...
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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