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A cargo ship with a Russian crew has been missing for 12 days and its last known location was off the coast of Portugal, the Russian maritime journal Sovfracht reported Sunday on its website. The Maltese-flagged bulk carrier, Arctic Sea, failed to arrive at the Algerian port of Bejaia on August 4 as planned and the last communication with it occurred on J...
Famous Pacific Shipping (FPS) Rotterdam has beefed up its South American oceanfreight connections with the launch of a new fortnightly consolidation service to Cartagena, Colombia. This service adds to FPS Rotterdam’s existing services to Santos, Buenos Aires, Callao, Valparaiso and Colon.This new direct fortnightly oceanfreight forwarding service bet...
Essar Shipping Ports and Logistics Ltd (ESPLL), part of the Essar Group, has achieved financial closure for the purchase of four of the proposed six Supramax dry bulk carriers at a cost of $ 218 million, a top company official disclosed here. This is part of the Group’s $630-million capital expenditure (capex) programme in the shipping business. S...
ZIM informed about a General Rate Increase (GRI) of USD 250 per TEU. It will be implemented as of September 1st, 2009. The GRI covers the trade from Asia and the Indian sub continent to North Europe, West Mediterranean, Adriatic ports, East Mediterranean and black sea. This increase is essential in order to maintain current levels of service and high relia...
Horizon Lines, Inc., the nation's leading domestic ocean shipping and integrated logistics company, has topped the list of ocean carriers worldwide for schedule reliability in the second quarter 2009 with 100% on time performance, according to Drewry Shipping Consultants, based in London. "This is a real credit to our entire team, but especially our oper...
Orient Overseas (International) Limited (“OOIL”) Group announced an Operating Loss from Core Operations of US$186.6 Million for the first six months of 2009. The Operating Loss from Core Operations for the half year, which excludes a US$15 million negative revaluation of Wall Street Plaza, was US$414.2 million down as compared to the first hal...
Seaspan Corporation on Thursday reported net profit of $112.3 million for the quarter ended June 30, 2009, up 32 percent from the $85.3 million it earned in the same quarter last year. The Hong Kong-based company, which owns a fleet of containerships that are under long-term charter contracts with major shipping lines, reported revenue of $69.8 million for...
Orient Overseas International Limited (OOIL), the parent of Orient Overseas Container Line, posted heavy losses in the first half, albeit better than its peers. The Hong Kong liner suffered a $232m in the first half contrasting poorly with 2008’s $258m interim performance. Yesterday, Singapore’s NOL posted $391m in interim losses. Revenue at O...
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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