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DENMARK's Maersk Line has announced plans to scrap its transatlantic 3 (TA3) service between North America and Northern Europe in an effort to adjust capacity to better suit market demand. "Trading and market conditions on the transatlantic route warrant elimination of excess capacity between Europe and North America," said Soren Castbak, senior director...
HONG KONG's Orient Overseas Container Line (OOCL) plans to implement the second phase of its rate restoration programme on January 1 in a bid to maintain a "viable service level and a comprehensive liner network". "Ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs. Considering that, the cur...
COSCO chief executive Wei Jiafu has called on the US government to remove the 35 per cent tariff on Chinese light truck tyre imports because it is "not a sensible way to resolve trade disputes." Speaking at the recent National Press Club in Washington, DC, Capt Wei said China is not interested in dumping tyres on the US market and gained market share "fai...
MAERSK Line has announced it has extended its Asia-Europe AE10 service into the port of Gdansk, Poland, creating the first direct connection between China, and southeast Asia to Poland. "This change is part of our off-peak capacity and slow steaming and will enable AE10 to offer unique coverage between Asian ports and Poland and the rest of Central and Ea...
CHINA Shipping Container Lines (CSCL) has announced third quarter year-on-year losses of US$284 million - 683 per cent worse than the $39.7 million loss last year. In a statement to the Hong Kong stock exchange, which did not mention revenue, the carrier attributed losses a fall in freight rates and volumes as well as increases in bunker costs. Net cash...
Konstantin Ponomarev appointed regional director of Germanischer Lloyd from November 1, 2009. As PortNews IAA learnt from the company the acting director of the Branch, Gido Fersterlink, leaves Russia due to his new appointment. Gido Fersterlink has been working in St.-Petersburg for 3 years. Germanischer Lloyd (Germany) is a classification and expert soc...
CMA CGM has flatly denied having received an offer for its African liner subsidiary Delmas from former owner Bolloré. The group was responding to French press reports that Bolloré was looking to take advantage of CMA CGM’s financial difficulties to buy back the shipping company. According to one report, Bolloré chairman Vincen...
In one week main business authorities will meet to discuss about "Difficult times - new opportunities for Baltic ferry and Ro-Ro transport". It is Your final chance to take part in this event. We have a pleasure to inform You, that during the evening reception every attendant of the Conference will have a chance to win a Voucher for a two way cruise...
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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