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SINGAPORE's Neptune Orient Lines Limited (NOL) appointed leading international business figure Robert Herbold to its board from February 1 and a former science and technology advisor to US President George W Bush. Today, Mr Herbold is also a member of the Board of Trustees of Nanyang Technological University, the Heritage Foundation and the Hutchinson Ca...
SINGAPORE High Court Judge Lai Sui Chiu rejected all eight counts against a former Zim Asia president for allegedly siphoning off Malaysian port rebate money and being in breach of contract by working for a rival firm. Repeatedly she told the plaintiffs Zim, its Gold Star Line and Seth Shipping units and its partly owned Star Shipping Agencies (Singapore)...
THE European Commission has launched a formal antitrust enquiry into the "Baltic Max Feeder" scheme to determine whether the alleged practice may have breached European Union rules on restrictive business practices. The move was prompted by EC concerns that the scheme "may be aimed at reducing capacity and therefore at pushing up charter rates for such ve...
SOUTH KOREA's Hanjin Shipping is implementing the slow-steaming technique on one of its Asia-US East Coast services from January 20. The carrier said in a statement that it is introducing the slow-steaming technique to its All Water Hanjin (AWH) service as part of an agreement with the other container shipping lines participating in the CKYH Alliance, na...
CMA CGM founder and former CEO Jacques Saade has now formally relinquished his chief executive position at the French shipping giant and has accepted election to the chairmanship just as Philippe Soulie was appointed new CEO and Farid Salem, Rodolphe Saade and Jean-Yves Schapiro were named as executive officers of the troubled company. Board members now i...
HONG KONG's Orient Overseas (International) Limited (OOIL) has agreed to sell its Chinese property development arm, Orient Overseas Developments Limited (OODL) for US$2.2 billion to better focus on its container shipping business, reports The Wall Street Journal. OOIL intends to use its US$1.06 billion gain from the sale to invest into its core business,...
GAC Transfer Services S.A. and European STS service provider MariFlex have launched ’GAC Transfer Services – Powered by MariFlex‘ (GTSM) to provide a wider range of services and choice of ship-to-ship (STS) transfer locations across Europe, Asia, the Arabian Gulf and Indian Ocean. The alliance combines GAC’s global reach with MariFl...
The European Commission says it has opened a formal antitrust investigation into the Baltic Max Feeder scheme in which European ship owners collectively agree to cover the costs of removing feeder vessels from service. The EC says the scheme may be aimed at reducing capacity and therefore at pushing up charter rates for such vessels. The Commission says i...
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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