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TOKYO'S Nippon Yusen Kabushiki Kaisha (NYK Line) has announced a net loss of JNY26.6 billion (US$289.6 million) for the last nine months of 2009 against a year on year 2008 profit of JNY110.2 billion, representing a decline of 85.9 per cent. This covers the first three quarters of the company's fiscal year and was drawn on revenues of JPY1.2 trillion in...
TAIWAN's Wan Hai lines and Singapore's PIL are said to be close to re-entering the Asia/Europe trade, according to a report in London's Containerisation International. The two shipping lines suspended their joint FES service in December 2008, but are reportedly preparing to resume it mid-March, said the report. The service, which calls at several big...
TAIWAN's Evergreen Line will raise freight rates US$350 per TEU and $450 per FEU from July 1 on its container shipping services from northern Europe to the US as part of an ongoing rate restoration programme. Hong Kong's OOCL will also implement a general rate increase from April 1 of $400 per TEU and $500 per FEU on the Atlantic trade. Ocean rates for ...
ISRAELI flag carrier Zim has announced that it will increase rates US$350 per TEU from Asia to northern European and to western Mediterranean and $300 per TEU from Asia to eastern Mediterranean, Black Sea and Adriatic through the Suez Canal from March 1. "The increase is necessary in order to maintain our current levels of service," the shipping line said...
Alexander I. Kharlamov is appointed as Manager of the Russian Maritime Register of Shipping (RS) Representation in Bulgaria. Mr. Kharlamov joined RS in 1977 as surveyor. In 1995-1999 he was the Head of the RS Inspection for Sakhalin of the RS Far East Branch. Since 2006 Mr. Kharlamov was Deputy Head of the RS Far East Branch. In 2010 Alexander I. Kharlamo...
Mercator Lines, the second-largest private sector shipping company, has signed a memorandum of agreement (MoA) to acquire a 1993-built medium range (MR) product tanker of about 42,235-DWT, the company said in a filing to the BSE. The tanker is expected to join Mercator’s fleet this month. The group has a presence in tankers, bulk carriers, dredging...
Bangkok: Precious Shipping has purchased a second handysize bulker from the secondhand market as part of its fleet renewal programme. The 31,700 dwt, 2005-built, Nalinee Naree was acquired for $23.75m and will join the company’s fleet in March this year. The new vessel will be deployed on an existing Precious Shipping charter contract till September 2...
The introduction of Environmental Services marks another step in Wärtsilä's strategy of strengthening its position as a leading provider of environmental marine and energy solutions. Environmental Services will be offered throughout Wärtsilä's fully-owned global network, the most extensive in the industry. Wärtsilä has intr...
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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