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Media
SHAREHOLDERS of troubled Hanover container line Hapag-Lloyd have agreed to more rescue funding if the state government advances loan guarantees, reports Bloomberg. The agreement means shareholders have committed to provide US$600 million more to Hapag-Lloyd, after spending $470 million to buy a Hamburg container terminal from the carrier, reported America...
UNITED Arab Shipping Company (USAC) has levied a US$250 per TEU and US$500 per FEU Aqaba Ports congestion charge for all shipments from the Far East. UASC will also implement a general rate increase of US$150 TEU from September 15 from shipments to the to the US east coast ports of New York, Norfolk and Savannah from the west Mediterranean (Italy, the s...
HONG KONG's Fleet Management Ltd, responsible for the running of the COSCO Busan, which struck a bridge in San Francisco's November fog in 2007, causing a 50,000 gallon fuel oil spill, will pay US$10 million fine after plea bargain with the US Justice Department. The Justice Department said Fleet Management had pleaded guilty to a criminal violation of ...
Yantian International Container Terminals (YICT) is pleased to announce that operations have begun at its first inland container depot in Dalingshan Town, Dongguan City. Local shippers can now pick up empty containers at the facility, which is located closer to factories and cargo sources, and return empty import containers to the depot after unloading them...
Textainer, the world's biggest container rental operator, has made a profit on falling revenues and increased the size of its stock 15 per cent in the first half despite its own prediction that global box numbers will fall five per cent as trade slackens. As Textainer's quarterly revenues fell 22 per cent year on year to US$54.4 million, the company sti...
United Arab Shipping Company (USAC) has levied a US$250 per TEU and US$500 per FEU Aqaba Ports congestion charge for all shipments from the Far East. According to the Shipping Gazette, UASC will also implement a general rate increase of US$150 TEU from September 15 from shipments to the to the US east coast ports of New York, Norfolk and Savannah from the...
On August 15, 2009, a new service——INDUS launched by CSAV called at CCT. CSAV deploys 5x2800TEU class vessels to operate this service and call at CCT every Sunday. The rotation for this service is Shanghai-Ningbo-CCT-Port Kelang-Colombo-Nhava Sheva-Mundra-Karachi.
Danish shipping and energy group A.P. Moller-Maersk would consider takeovers of insolvent competitors or of individual freighters as these are the cheapest options to expand during the economic crisis, its chief executive told a German magazine. The conglomerate is also investing in special freighters for Africa and South America as it seeks to spend some 6...
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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