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TWO container truckers moving NATO supplies to Afghanistan were killed in separate attacks near the Eastern Bypass area of the provincial capital and sub-tehsil Baghbana of Khuzdar district of Pakistan. NATO containers were on their way to Kandahar from Karachi when guerrillas on motorbikes opened fire near the Eastern Bypass area of the provincial capita...
CONCOR, India's state-owned rail operator, has posted a year-on-year 5.5 per cent net profit increase to US$184 million in fiscal 2010-11, ending March 31. The Container Corporation of India's (Concor) last quarterly net profit increased 15 per cent year on year to $44.7 million. Pretax profit during the same period was up to $221 million from $211 mill...
THE 6,500-TEU Hanjin Tianjin has been attacked, but was promptly rescued by the South Korean destroyer Choi Young ("invincible spirit") in the Indian Ocean near the Gulf of Aden. The 4,500-ton destroyer had already rescued a South Korean chemical carrier in January after the vessel, which had 21 crew, was hijacked by Somali pirates, reported Bloomberg. F...
SINGAPORE's Neptune Orient Lines (NOL) chief executive Ron Widdows has announced he is stepping down at the end of the year to be replaced by Lieutenant General Ng Yat Chung, former chief of the armed forces and now a senior executive with Temasek Holdings, the Singaporean sovereign wealth fund that controls the shipping line. General Ng first becomes an...
STX Offshore and Shipping (STXOS) is close to signing a US$2.78 billion container ship order, the largest such deal in the industry, reported Maeil Business Newspaper. STXOS' deal is bigger than the $2.05 billion Maersk contract with Daewoo Shipbuilding and Marine Engineering in February, marking the industry's single largest contract. The shipbuildi...
It has been a bumper year for container traffic at the Chennai port during 2010-11 thanks to the second private container terminal operated by the Singapore-based PSA International, reported The Hindu. The port with its two private container terminals – DP World Chennai of the Dubai-based DP World and PSA Chennai – handled 1.52 million TEUs in...
The Asian Feeder Discussion Group, the association of feeder vessel operators based in Singapore, has proposed to increase freight and bunker rates with effect from May 1, reported The Hindu. In a notice sent to the trade, the group informed that a decision in this regard has been taken in view of the continuing increase in the operating cost. The frei...
Singapore's Neptune Orient Lines , the world's sixth biggest container shipping firm, said current CEO Ron Widdows will retire by the end of 2011 and will be replaced by a senior executive from state investor Temasek Holdings. Widdows, an industry veteran who pulled back from a potential acquisition of German rival Hapag-Lloyd in 2008 and then steered t...
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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