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Maersk Line's direct mainline service, MECL2, to the US East Coast from Chennai port ended last week, the Hindu Business Line reported. The final call of the weekly service was just short of its loading capacity from Chennai due to the flash strike called by the trailer drivers and cleaners that affected entry of export boxes into the port. MECL 2 was ...
The world’s newest shipping line, The Containership Company (TCC), will offer up to 15 million shares in a private placement that is expected to raise more than US$50 million in working capital. PR News Service reports that funds raised will be spent on starting costs and equipment for TCC’s initial two strings that will be launched in April a...
Dalian Port's monthly throughput has shot up 21.7 percent year-on-year to a record 25.85 million tonnes in January, China Knowledge Press reported. Dalian Port handled more cargo last month in part because the Huanghai Sea and the Bohai Sea were frozen, leaving Dalian to pick up the extra cargo. Container throughput was 423,000 TEUs, up nine percent ye...
The US$530 million Dhamra port in Orissa will be ready for commercial activities in the next two months, the Financial Express (India) reported. "The port on the east coast will be ready to receive liners by April 2010 as scheduled originally," a spokesperson from the Dhamra Port Corporation (DPCL) said. "Almost 85 percent of the port construction work ...
Shipping lines and South China shippers are locked in a bitter standoff over the imposition of an “emergency bunker charge” of US$43 per TEU and $86 per FEU for all FOB shipments in the intra-Asia trade. Shippers are refusing to pay the surcharge and the carriers are refusing to issue bills of lading until the charge is paid. “Consigne...
Global container shipping, terminals and logistics group Neptune Orient Lines (NOL) today announced a net loss of US$741 million for 2009 as falling freight rates and poor demand eroded revenue. Even increasing demand during the fourth quarter of 2009 was not enough to hold back the red ink and the group recorded a Q4 net loss of $211 million, compared to...
JAPANESE transportation company the NYK Group has announced the completion of its winter safety campaign, which was named "Sail on Safety" and ran from December 1 until January 31. NYK said it carries out the campaign every year to prevent accidents on ships that are more likely to occur during adverse weather in winter when seas are more turbulent. Som...
JAPANESE shipping giant Mitsui OSK Lines (MOL) recently held separate Safety Conferences in Mumbai and Manila. MOL said in a statement that it has been holding the conferences annually since 2007 to explain and upgrade MOL Group safety programmes and encourage an open exchange of information, ideas and viewpoints on the subject. 2010 marked the fourth y...
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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