Media
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The EU is to step up efforts to prevent piracy off the coast of Somalia, expanding the scope of Operation Atlanta at the end of March, reports the Sofia Echo. According to the paper, defence ministers announced plans to include the control of Somali ports which pirate ships use as a base, and the "neutralisation" of mother ships, within the operation's o...
Swedish offshore/icebreaking and industrial shipping company Transatlantic has posted a loss of SEK 116mn (EUR 11.86mn USD 16.13mn) in Q4 of 2009, down from a profit of SEK 63mn in the corresponding quarter of 2008, Logistics Finland reports. Sales dropped 88% in the company's offshore division for the quarter, which weighed heavily on the company's opera...
THE Shipping Corporation of India (SCI) has registered an operating loss (EBIT) of INR2.8 billion (US$62 million) from its liner shipping business in 2009, reports the Paris-based maritime consultancy Alphaliner. The carrier's liner shipping operations include its breakbulk and container shipping businesses which saw revenue fall by 11 per cent during th...
HAMBURG Sud is to replace its current Med-Caribbean service through a slot charter agreement with Hapag-Lloyd's MGX service, allowing greater frequencies while maintaining current coverage of ports in the Mediterranean, the Gulf Coast of Mexico and Atlantic/Gulf Coast of the US. The new integrated Mediterranean Mexican Gulf Express (MMGX service) will be...
THE Oakland-based Westbound Transpacific Stabilisation Agreement (WTSA) has announced its recommendation that its 10 member lines levy a rate increase of US$240 per TEU and $300 per FEU on cargo from the US to Asia from April 1. The WTSA carriers have "additionally proposed" a rate increase on reefer cargo from April 1 of $240 per TEU and $300 per FEU and...
FRENCH shipping giant CMA CGM has announced a rate increase of US$200 per TEU on cargo from Asia to Mediterranean and Black Sea ports and all destinations from Portugal to Russia starting March 1. Meanwhile, China's Coscon is increasing rates $30 per bill of lading on average from March 1 on all cargo from south China to north west Europe and the Mediter...
Singapore: Chinese shipbuilder JES International plunged into the red last year but remains confident on the long-term outlook for the shipbuilding industry. Singapore-listed JES reported a full loss for 2009 of RM107m ($15.6) compared to a RMB49.5m profit a year earlier. Revenues dipped 6.8% last year RMB1.5bn that the company blamed on a slower production...
Mumbai: Even as the Supreme Court (SC) is yet to consider a plea asking for marching orders to the highly toxic Platinum-II passenger ship from Bhavnagar, another contaminated vessel, Margaret Hill (pictured), is on its way to India, according to Daily News & Analysis. The 36-year-old liquefied natural gas carrier with a 87,600 cubic metre capacity wa...
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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