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RUSSIA's Volga-Dnepr Airlines has flown free of charge an outsized medical vehicle from Miami to Sendai airport in Japan to help survivors of last month's devastating earthquake and tsunami. The AN-124-100 Ruslan freighter flight was the first international civil flight to land at Sendai Airport on April 14 since flood waters and debris from the tsunam...
PIRATES have been paid to release a merchant ship and its crew, but have failed to release all the crew, outraging the International Chamber of Shipping, ITF, Indian National Shipowners' Association, NUSI, MUI, IMEC, InterManager, Intertanko and BIMCO. The joint statement expressed "utmost concern" that the hijacking by Somali pirates last September of t...
THE Baltic and International Maritime Council (BIMCO) is recommending laying up ships to stop a freight rate decline brought on by excessive tonnage afloat. But BIMCO also said idling was not likely to happen, reported Newark's Journal of Commerce. "That could jeopardise peak-season earnings even if solid consumer confidence is restored and the high unem...
MARSEILLES based CMA CGM, the French shipping giant, has announced a wide range of rate hikes in a "rate restoration" programme. From May 1, there will be a US$400 per FEU rate increase from Asia and the Indian subcontinent to the North American west coast. Rates from Asia and the subcontinent to the US and Canadian interior via west coast ports will go u...
China Cosco Group, the country's top shipping conglomerate, is still working on plans for a group listing, though no timetable was given, the Shanghai Securities News said. A listing of state-owned Cosco Group, the parent company of Cosco Holdings, has always been on the cards and plans are still underway, Cosco Chairman Wei Jiafu said in an interview wi...
Orient Overseas Container Line (OOCL) saw its first quarter cargo volume increasing by 12.6 percent over the first three months of last year. In a quarterly operational update, the Hong Kong-based carrier said total revenue had grown by 17.2 percent to US$1.32 billion. Average revenue per TEU rose 4.2 percent. With a 16.8 percent increase in loadable ca...
APM Terminals has acquired an 80 percent share in Poti Sea Port on Georgia’s Black Sea coast as part of its investment strategy in high growth markets. The shares were bought from Ras Al Khaimah Investment Authority (RAKIA) of the United Arab Emirates. Strategically-located, Poti Sea Port is the largest port in the Republic of Georgia handling li...
The Shipping Corporation of India (SCI) last week signed contracts for acquisition of two resale Supramax bulk carriers with Grand Yard Investments Ltd, China, according to Exim News Service. The vessels were acquired through a competitive global tendering process and selected based on technical suitability and commercial competitiveness. They are current...
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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