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OCEAN Shipping and integrated logistics company Horizon Lines has announced that fourth quarter 2009 net income totalled US$1.3 million, compared to a net loss of $20.3 million for the same period in 2008. Adjusted fourth quarter 2009 net income totalled $3.7 million, after excluding charges for antitrust-related legal expenses and for a voluntary separat...
GERMAN container line Hamburg Sud has announced a general rate increase for all cargo from India, Pakistan, and the Middle East to North, South and Central America as well as the Caribbean and northern Europe of US$200 per TEU and US$400 per FEU from February 15. This will be followed on March 1 with another rate increase of $100 per TEU and US$200 per FE...
THE total capacity of the world's idle containership fleet has fallen to 1.37 million TEU, or 532 ships, after 30 vessels totalling 70,000 TEU were put back into service from the middle of January. AXS-Alphaliner analysts also said the carrier-operated idle fleet now stands at 188 containerships with a total capacity of 744,000 TEU. "The fall in the nu...
GERMANY's Hapag-Lloyd has announced a rate increase on cargo from Asia to Canada of US$320 per TEU $400 per FEU and $450 per 40-foot high cube to Vancouver and to the east coast, $400 per TEU, $500 per FEU and $565 per 40-foot high-cube from March 15. The increases apply to dry and reefer cargo from Japan, South Korea, Taiwan, Hong Kong, China, Vietnam, ...
Container throughput at the Port of Montreal declined by 15.3 percent in 2009, as the number of full and empty containers handled by the port fell to 1,247,690 20-foot equivalent units. The Montreal Port Authority said the full impact of the global economic crisis was mitigated by the port’s diversification into trade with the Mediterranean markets,...
To meet the growing demands of regions, the Ecu-Line Group of Companies is making a few important changes to its management structure: Franky Van Doren has been appointed Regional CEO Eastern Europe and Adriatic. The following countries will be under his jurisdiction: Poland, Czech Republic, Slovakia, Romania, Hungary, Slovenia, Austria, Slovenia, C...
In its latest round of management appointments, the GAC Group has named industry veterans Mark Delaney and Ronnie Knowles as Managing Directors of its operations in Thailand and Abu Dhabi, United Arab Emirates, respectively. Mark Delaney brings to his new role a strong background and broad expertise in sales, marine operations and customer service. With m...
Mercator Lines Limited, India’s 2nd largest private sector shipping company (in terms of tonnage), has announced its consolidated results for the nine months ended December 2009. The revenues dropped by 20% to Rs. 1332 Cr. from Rs. 1673 Cr. in nine months ended 31st December 2008. This drop in revenues and net profit was due to the prevailing ...
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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