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Media
SHENZHEN's China International Marine Containers (CIMC) core business of container manufacturing saw a steep drop in sales revenue in the first half of the year with net profit down by 19.49 per cent year on year to CNY826 million (US$120.8 million). Overall operating revenue in the first six months compared to 2008 plunged to 68.7 per cent at CNY9.44 bi...
EVERGREEN has announced it will increase a rate on westbound traffic between the Far East-Indian subcontinent to Europe of US$200 per TEU for all cargo from September 1. The price increase said the Taiwanese container shipping line, rated the world's fourth largest, is based on "overbooking" and increasing cargo volume, said the Evergreen statement. "I...
COSCO Container Lines has announced a peak season surcharge of US$320 per TEU, $400 per FEU, $450 per 40-foot high cube and $506 per 45-footers for all cargo from Far East and Indian subcontinent to Canada from September 5 through to October 31. The Far East and Indian subcontinent includes Bangladesh, Brunei, Burma, Cambodia, mainland China, Macau, Hong ...
ABG Shipyard is reportedly looking to raise up to Rs 400 crore via equity or equity-linked instruments to reduce its working capital loans and bring the debt-to-equity ratio down. The company received shareholders’ approval to raise funds via equity on July 7. Its total debt is around Rs 2,100 crore, including working capital of Rs 1,200 crore, accor...
The feeder operators Team Lines and Unifeeder start new weekly feeder services between the terminals of Europe Container Terminals (ECT) in Rotterdam and Container Terminalen Frihamnen (CTF) in Stockholm. This offers the trade a direct all-water service between the two terminals, both being part of the North European network of Hutchison Port Holdings (HPH)...
Mr Chris Stone, Executive Vice-President of Inchcape Shipping Services (ISS), Middle East and India, on August 19 inaugurated its branch at Pandurangapuram here. According to Exim News Service, this is the 8th office to be opened by ISS in India as part of an ongoing expansion plan and creation of a comprehensive India-wide port agency network. This dev...
Evergreen Line is adding the Far East and Indian Sub-Continent to Mediterranean Westbound Trades to its list of trade lanes to get a general rate increase as the peak season approaches and other ocean carriers say they are raising rates as well. The price hike is based on “current overbooking” and increasing cargo volume, said Evergreen in its ...
SINGAPORE's Pacific International Lines (PIL) has taken delivery of the 1,802-TEU Kota Nazar, the eighth in a series of same-sized ships from the Dalian shipyard. The ship, which follows the Kota Nilam delivered in June, will join PIL's east Asia-South/West Africa service (SWS) co-loaded with Japan's MOL. (Source: www.schednet.com )
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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