Media
Media
THE AP Moller - Maersk Group has announced that an agreement has been reached for DFDS to purchase 100 per cent of its shares in logistics and ferry company Norfolkline. The total value of the deal is EUR346 million (U$495.88 million), which includes the AP Moller-Maersk Group obtaining 28.8 per cent of the shareholding in DFDS. In addition, the AP Moller...
A PLAN to add a new larger sea lock to improve access to the Amsterdam port area in Holland has taken a vital step closer to reaching fruition, after the central government, province and municipality reached agreement on the project's financing. The proposed new lock is expected to become operational in 2016. The decision to expand the port's lock syste...
THE spot rate for transporting an FEU from Hong Kong to Los Angeles by sea has held at US$1,268 for the third week in a row since the middle of December, according to an index published by London-based Drewry Shipping Consultants. Compared to the same period a year earlier, spot rates have fallen by 28.2 per cent but in line with rates since August in the...
SOMALI pirates have freed Pacific International Lines (PIL) 1,150-TEU Kota Wajar, a Singapore-flagged containership after 10 weeks in captivity for US$4 million, announced the EU naval task force. "We have received US$4 million and released the ship and its 21 crew late yesterday," pirate Mohamed told Reuters. "The crew were happy and clapping." Accordi...
APL, the container shipping arm of Singapore's Neptune Orient Lines, will introduce "extra slow steaming" on two more transpacific loops operated in the NWA service, the SAX loop and PS-2 loop, reports AXS Alphaliner. PS-2 loop combines an NWA Asia-US west coast run together with a joint Asia-Mexico service run by APL and Hapag-Lloyd under the banner AME...
THE International Maritime Organisation has announced that the theme for World Maritime Day 2010 will be Year of the Seafarer, a tribute to the world's 1.5 million serving sailors. "At IMO, we are ever-conscious of the important role you play in helping us achieve safe, secure and efficient shipping on clean oceans," said the UN body's secretary general...
Mediterranean Shipping Company (MSC), second largest container carrier in the world, have announced changes to their Golden Gate service. The Port of Charleston has been added to the port rotation for the service which now reads: Shanghai, Ningbo, Chiwan, Yantian, Singapore, Salalah, Suez Canal transit, New York, Baltimore, Norfolk, Charleston, Freeport (Ba...
Pacific International Lines has announced that its 1997-built, 1550 teu containership Kota Wajar has been released by the pirates that maintained control of the vessel since it was hijacked en-route to Mombasa on October 15th. According to local news reports, the pirates received a ransom of $4m in order to secure the freedom of the 21 crewmembers onb...
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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