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Israel Corp has appointed a new chief executive, Nir Gilad, a former accountant general and deputy head of Israel's ministry of finance's budget division, who becomes the new chairman of its problem child, Zim Integrated Shipping Services. Mr Gilad, who succeeds the former Zim chairman Idan Ofer, is taking the helm at a critical time. The carrier, which...
Australia has cemented its biggest trade deal with an A$90 billion agreement to export liquefied natural gas to Japan. US oil giant Chevron announced on the weekend it would deliver 4.1 million tonnes of LNG from its Wheatstone project off the coast of Western Australia to Japan's largest utility, Tokyo Electric Power Co, each year for up to 20 years. Th...
Singapore-based container shipper Neptune Orient Lines Ltd. Monday said its average revenue per forty-foot equivalent unit container in the Oct. 17 to Nov. 13 period fell 28% from a year earlier. NOL, in a filing with the Singapore Exchange, said shipping volume for the period rose 23% from a year earlier. Average revenue per FEU fell to $2,239 from $3,12...
The Russian Far East is set to have a new container terminal with investment coming from local line, Fesco, the local government, China and the Busan Port Authority from South Korea. Nakhodka International Terminal CJSC will be located alongside Nakhodka's old fishing port.. Rail links and expressways to the port will be included in the development plan. T...
COSCO Container Lines has announced a Shanghai Export Terminal Handling Charge (THC) increase on all shipments from Shanghai to the US and Canada from January 1, of CNY470 (US$68,83) per TEU, CNY755 per FEU, CNY755 per 40-foot high cube, CNY955 per 45-footer, CNY525 per reefer TEU, CNY850 per reefer FEU and CNY850 per reefer 40-foot high cube. Cosco also ...
THE Hong Kong SAR government has gazetted the Pilotage (Dues) (Amendment) Order 2009 that seeks to lower the additional pilotage dues charged when a pilot is required to board or disembark from a ship off Ngan Chau or the west of Lamma Island, from HK$1,900 (US$245) to HK$1,820 for a period of 18 months. The Order will be tabled at the Legislative Counc...
DP World Callao and Maersk Line have signed an agreement for the world's largest container shipping line to start calling at the port operator's new container terminal Muelle Sur in the Port of Callao, Peru. The Terminal Services Agreement will become effective upon completion of the terminal's construction which is scheduled for some time between Apri...
China Shipbuilding Industry Co. said Thursday it plans to raise up to CNY14.72 billion ($2.16 billion) from its initial public offering, after setting an indicative range of CNY6.15-CNY7.38 a share for the offering. China Shipbuilding, the country's largest ship equipment maker, said earlier it plans to sell up to 1.995 billion shares, or 30% of its enlar...
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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