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AUSTRALIA's Toll Holdings annual net profit increased 14 per cent year on year to A$298.1 million (US$250.5 million) as Asian acquisitions cushioned the impact of the global downturn. "This strong profit growth combined with a very strong balance sheet perfectly places the Toll Group for further M&A activity in the months and years ahead," said Toll ...
LONDON shipbroker Clarksons painted a gloomy picture for shipping markets after reporting its own first half 35 per cent profit drop to US$18.8 million. Freight rates and asset values have dropped to unprecedented levels says its chief executive Andi Case but overall transaction numbers have risen year-on-year: "Nevertheless, in all areas of our business ...
THE Canada Transpacific Stabilisation Agreement (CTSA) member lines have announced that they will raise bunker and currency surcharges in October. Depending on the destination, bunker will go up from 59 to 64 per cent, a charge the 10-member line CTSA blamed on recent crude oil price increases. The bunker surcharge will be US$490 per TEU, $613 per FEU, ...
THE CKYH Alliance has announced its four member lines will cut capacity 20 per cent on joint Asia to Europe services from October. Cosco, "K" Line, Yang Ming and Hanjin said they will provide six services instead of seven - four to north Europe and two to the Mediterranean. As it stands, the CKYH carriers provide five services to northern Europe and two...
HONG KONG's OOCL has announced rate hikes on shipments from Hong Kong, Macau and south China to Japan of US$100 per TEU, US$200 FEU and on 40-foot high cube from September 14. The carrier will also increase the bunker fuel surcharge on shipments from the US and Canada to Hong Kong, Macau and south China on October as well as raising inland fuel charges f...
Horizon Lines, Inc., the nation's leading domestic ocean shipping and integrated logistics company, recently participated in two separate anti-piracy system trials in an effort to better protect the lives of merchant mariners. In late July, International Maritime Security Network, LLC (IMSN) conducted safety drills and anti-piracy testing aboard the HORIZ...
MOL (Asia) has announced that it has set up a new company named MOL (HK) Agency Ltd, which is scheduled to commence operation on September 1. Under the leadership of managing director Hiroshi Ogawa, this new company will provide local agency functions for MOL's global liner and non-liner services serving Hong Kong. "MOL (HK) Agency Ltd, which previousl...
On 25 August 2009 the training seminar was organized at Kuntsevo-2 (Moscow Railway) for the employees of TransContainer to handle the cargo delivered in tank containers to the company’s container terminals. The seminar was held by the specialists of DB SCHENKER BTT for TransContainer. It is meant to make the company’s personnel learn about the...
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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