AUSTRALIA's Toll Holdings Limited has posted a profit after tax for the six month period ending December 31, but before the Footwork re-measurement charge of A$37.4 million, of A$147.3 million (US$131.08 million), a 16 per cent decrease over the previous corresponding period when profit after tax amounted to A$176.3 million. Toll, a leading transport and...
MEDITERRANEAN Shipping Company's (MSC) Golden Gate Service (GGS) has made its inaugural Charleston, South Carolina, linking the southeast's deepest port with China, southeast Asia and the Middle East. The first vessel in the service to call Charleston was the 8,085-TEU MSC Rita, which docked at the Wando Welch Terminal. With its low-water 45-foot ship...
Singapore: Neptune Orient Lines container volumes soared 63% in January compared to a year earlier. NOL handled 307,400 feu in the six week period from 26 December 2009 to 5 February 2010, up 63% on the same period a year earlier. “The improvement in volume was due to higher volumes lifted in all trade lanes and stronger pre-Chinese New Year shipments...
Athens: Shipbuilder Abu Dhabi Mar (ADM) group is to take a majority stake in Greece's largest shipyard from Germany's ThyssenKrupp Marine Systems, the Greek government said Monday. Under the deal, for which financial figures have not been revealed, ADM would control 75.1 percent of hard hit Hellenic Shipyards SA, based in Skaramangas outside Athens. Thy...
Chennai: The Madras High Court yesterday ordered the "arrest" of a Cambodian-flagged ship owned by a London-based company for allegedly not paying wages to its 16-member crew for several months. "A prima facie case is made out for ordering the arrest of the vessel M V Lady Alla" Justice G Rajasuria said and directed the court registry to take steps to issu...
Tokyo: Leading Japanese shipping line Nippon Yusen Kaisha (NYK) today announced the summer 2009 proposed merger between its air cargo subsidiary Nippon Cargo Airlines (NCA) and the cargo division of bankrupt Japan Airlines (JAL) is now off. JAL, Asia’s largest airline, announced its bankruptcy in January, crippled by US$16bn of debts. NCA, meanwhile, ...
Shanghai: Rapidly expanding state-owned shipbuilder China State Shipbuilding Corp will issue another Yuan3bn ($441m) worth of short-term bills to help fund its dramatic expansion amid the depressed market for newbuilds. CSSC is committed to huge new yards in Guangzhou and on Changxing island just north of Shanghai. Source: Sea Trade Asia
Concordia Maritime in Sweden has reported a SEK 30.20mn (EUR 3.08mn USD 4.16mn) after-tax profit for the fourth quarter 2009, Logistics Finland reports. This compares with a SEK 40.0mn profit one year earlier. Net sales fell to SEK 111mn, down from SEK 168mn for the fourth quarter 2008. Source: Transport Weekly
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