Media
Media
Thomas Thune Andersen, the chief executive of Maersk Oil and former president and CEO of Maersk in the U.S., will leave his position as CEO of Maersk Oil and partner of Firmaet A.P. Møller by the end of August, A.P. Moller-Maersk announced today. The Danish company said the new CEO of Maersk Oil will be Jakob Thomasen who most recently has been head...
In the first half of 2009 the current economic crisis led to steep downturns in total volumes, turnover and result at Hamburger Hafen und Logistik AG (HHLA). Revenues were 24.1 percent lower at 501 million euros, while operating result on continuing activities* fell by 51 percent to 95.1 million euros. Equity ratio at 40.4 percent remained at the previous y...
APL and Hapag-Lloyd have amended their joint Asia-Mexico service by switching from the present SAX loop to the PS2 loop, according to an AXS-Alphaliner weekly newsletter. It said the move corresponds to a change in the Asian range coverage of the joint service. The PS2 service then turns in six weeks instead of five to maintain a weekly frequency while on...
Israeli container shipping line Zim has announced an increase in freight rates on the trade from Asia and the Indian subcontinent to Europe, the Shipping Gazette informed. Starting from September 1, a general rate increase (GRI) of US$200 per TEU will be applied to shipments to North Europe, western and eastern Mediterranean, Adriatic ports and the Black ...
COSCO has announced a general rate increase on cargo going east and westbound cargo to and from the Far East and northwest Europe and the Mediterranean, according to the Shipping Gazette. Far East and Indian subcontinent rates to northwest Europe and the Med (Israel, Lebanon, Syria, North Africa and the Black Sea) will increase US$300 per TEU on September...
Hanjin Shipping is restoring freight rates of Asia - Europe trade effective September 1st, 2009. Hanjin Shipping reveals that this rate restoration is part of the company’s plan to improve the deteriorated profitability caused by the unsustainable rates in the major trades. The company comments, “In addition to this rate restoration, w...
UNITED Cargo, a division of United Airlines (UAL), has started offering a new service dedicated to the transportation of healthcare and pharmaceutical products that require strict temperature controls and monitoring during air lift to ensure they remain viable for use, called Temp Control (SM). United Cargo is working with Envirotainer, a provider of temp...
Danish Danske Bank has met with heavy criticism from the Danish Shipowners' Association for Smaller Vessels (Rederiforeningen for mindre Skib) arguing that the bank is too restricitve with its lending practices. According to the Association smaller vessels, which usually operate on short routes are under heavy competition from truck tranports on top of suf...
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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