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WAN HAI Lines has reported a third-quarter loss of NT$1.33 billion (US$41 million). The cumulative net loss for the first nine months of the year was NT$2.53 billion ($78 million). The company recorded a NT$3.15 billion investment loss of which NT$1.68 billion was taken in the third quarter. It did not disclose details of the nature of the loss. (Sour...
SINGAPORE-LISTED Rickmers Maritime Trust, shipowners and charterers, has been unable to take delivery of the 13,300-TEU Hanjin Milano because it did not have the money. The ship, the Hanjin Milano, was instead delivered to Polaris Shipmanagement Co, a subsidiary of the German Rickmers Group. The Hanjin Milano has started its charter term with Hanjin Shipp...
TROUBLED French shipping giant CMA CGM received the 13,300 TEU Christophe Colomb, the first of eight newbuildings of this size, ordered from South Korea's DSME (Daewoo) yard back in 2007. The ship has been assigned to world's largest liner loop, the Maersk-CMA CGM joint Far East-Europe AE-7/FAL7 service, and will join the Maersk 'E'-class vessels, wit...
AN extended dock strike against Hong Kong's Cosco Pacific terminal at Piraeus, Greece, has resulted in a pile up of thousands of shipping containers and 4,500 TEU that cannot be discharged. The union told dockers to stay off the job at the country's biggest port for another 48 hours to add pressure on the recently elected leftist national government to ...
DURING the four weeks ending October 16 the Singapore-based parent Neptune Orient Lines (NOL) reported a throughput of 423,400 FEU handled by its container unit APL, a 14 per cent year-on-year increase. But APL failed to register an increase in rates, with an average freight rate of US$1,127 per TEU, 29 per cent lower than the previous year. The company a...
AFTER quitting in 2004, Copenhagen's Maersk Line, the world's biggest, has applied to rejoin the Transpacific Stabilisation Agreement (TSA) from December 24. "Maersk had been a member of TSA from its inception in 1989 until its resignation from the research and discussion forum in 2004," said the TSA statement. Maersk was said to have resigned over di...
DENMARK's Maersk Line will charge US$250 per TEU more on its Asia to Middle East and West Africa services from December 15. The carrier's Far East-West Africa service will see a similar hike on the same day following a nod from the Asia West Africa Trade Agreement (AWATA) according to UK's International Freighting Weekly. AWATA comprises of Maersk ...
The Transpacific Stabilization Agreement will accept Maersk Line back into its fold effective Dec. 24, the carrier discussion group said in a statement. Having the world's largest container line as a member once again will strengthen its voice, said Ronald D. Widdows, chairman of the TSA and group president and chairman of Neptune Orient Line, parent comp...
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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