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The Social Democratic Party in Denmark levels harsh criticism of the many cartel-like agreements signed by Danish shipping company A.P. Moller-Maersk with rivals. According to the party, a company like Maersk should set an example to the rest of the sector and refrain from such agreements. According to Logistics Finland, Maersk Line announced last week th...
Hanjin Shipping has announced that an agreement was reached at the Board of Directors Meeting to separate the company into Hanjin Shipping Holdings Co., Ltd., a holding company and Hanjin Shipping Co., Ltd., an operating company. With this decision, the former Hanjin Shipping will be divided into Hanjin Shipping Holdings focusing on managing the subsidiar...
Following the placement of its fixed rate senior unsecured convertible bonds, due 2015 (the "Bonds") on Friday 4 September 2009, Euronav NV announces that due to additional demand from existing investors, the company has increased the size of the bond offering by an amount of USD 25 million, which amount has been fully subscribed yesterday night after close...
Containerships will add the port of Ghent to its Mediterranean service as from week 41, 2009. Following the full acquisition of Contaz Maritime Transport & Trade S.A. of Turkey, Containerships started its Europe-Mediterranean service late March 2009. Initially operated with 2 vessels, this service now employs 3 vessels offering departures every 9 days...
Samskip Multimodal Container Logistics can draw upon 30 years of experience operating flatrack equipment between the Benelux, Germany, the UK and Ireland. Now that experience is being made available to a wider network of customers. Since the beginning of 2009 Samskip has expanded its flatrack services to cover new trade lanes to include Italy, Iberia, Norw...
New York based Overseas Shipholding Group, Inc., specializing in providing energy transportation services, announced that its Board of Directors has declared a regular quarterly dividend of $0.4375 per share on the common stock outstanding, payable on November 24, 2009 to stockholders of record on November 9, 2009. (Source: Transport Weekly)
Maersk Line and CMA CGM announce the following enhancements to their North Coast Express (NCX) and Brasilian Express (Brasex) service, connecting the East Coast of South America to Central America and Caribbean, effective second half of September 2009. The two carriers will offer a single service operated with four vessels each, with an average net capaci...
US PRESIDENT Barack Obama has decided to impose a 35 per cent tariff on cheap Chinese tyres from September 26, potentially sparking a trade war, reports London's Financial times. Next year the tariff would decline to 30 per cent and 25 per cent in the third year, under a 2000 China-specific law that authorises trade "safeguards if Chinese imports "unfair...
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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