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Germany did not accept terms of the rescue of container shipping line Hapag-Lloyd, Germany's Bild newspaper reported without citing sources. Investors had tried to secure a $1.71 billion loan guarantee from the German government in a package submitted last month. But the government demanded collateral that shareholders couldn’t agree on. Berlin sai...
Maersk Line will launch a weekly feeder service between Vietnam and Hong Kong this month connecting with a trans-Pacific loop the carrier says will provide the fastest transit time from Vietnam to the West Coast of the United States. The Pacific Express Service, which will start regular weekly sailings on Tuesdays from the port of Cat Lai near Ho Chi Minh...
Danish shipping giant A.P.Moller-Maersk (A.P.Møller-Mærsk) has sold 250,340 of its B shares through a so-called accelerated bookbuilding process to both new and existing institutional investors, according to Logistics Finland. The shares sold by Maersk account for 5.7% of the company's total share capital. The share issue generated more than D...
Global Ship Lease Inc, a containership charter owner incorporated in the Marshall Islands, has taken delivery of the 6,627-TEU CMA CGM Berlioz. According to the Shipping Gazette, Global Ship Lease owns 17 vessels and has orders for two newbuildings from German interests for US$77 million, each scheduled for delivery in the fourth quarter of 2010, after wh...
Latvia’s first railway container depot will begin operation in September, the Baltic Times reported. The transport hub project is the result of the combined effort between German transport and logistics company DB Schenker and Russian Railway’s subsidiary TransContainer. Latvia’s state-owned railway Latvijas Dzelzcels did not participate...
Scores of people were killed in north Afghanistan when a fuel tanker exploded after it was hit by what is believed to have been a NATO airstrike, regional media said according to RIA Novosti. The blast occurred in the northern Afghan province of Kunduz. Local officials say some 90 people were killed, but the information has yet to be confirmed. A dist...
MAERSK Line has announced rate increases from the Mediterranean and North Africa to the US and Canada of US$300 per container from October 1. As previously announced, Maersk has - from September 1 - increased rates between north Europe and the US and Canada by $400 per TEU and $500 per FEU as well as $500 more for 45 footers. Maersk, along with other ca...
GERMAN express giant DHL is launching a guaranteed weekly Less than Container Load (LCL) service connecting Ho Chi Minh City to Hamburg, Genoa and Los Angeles. "Through Danmar Lines, DHL's in-house carrier, the weekly LCL service enables shipments to arrive up to a week earlier," a company statement said. DHL's launch of a new service from Vietnam is ...
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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