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Hyundai Merchant Marine and APL Ltd have signed a vessel-sharing agreement with Maersk to offer service aboard a Maersk line that makes weekly calls at the Mobile Container Terminal in Alabama, the Shipping Gazette informed. The vessel-sharing agreement won't bring new ships to the terminal, but help Mobile bring in more containers, says the terminal dir...
Overseas Shipholding Group, Inc., a provider of energy transportation services, today announced that it intends to initiate a tender offer for all of the outstanding publicly held common units of OSG America L.P. (OSG America or the Partnership; NYSE: OSP) for $8.00 in cash per unit. The offer price represents a premium of approximately 12.7% above the clos...
The United Arab Shipping Company (UASC) plans a return of 62 per cent capacity on its Far East-North Europe route with the revival of the two-loops of the old AEC 1 and AEC 2 services that were suspended at the beginning of the year. AEC 2 is to deploy nine 6,900-TEU ships now on the AEC rotation, which currently calls at Rotterdam, Thamesport, Hamburg, A...
China Cosco Holdings has issued a profit warning in a statement to the Hong Kong stock exchange saying the country's biggest shipping line has been hard hit by the global downturn and it expects to post a net loss in the first half, according to the Shipping Gazette. "The operation of the container vessel fleet of the group recorded a relatively higher l...
Hamburg Süd, CMA CGM and Hapag-Lloyd announced the launch of a new direct service on the route between the East Coast of South America and North Europe. As of August 6th 2009, the lines will provide a joint weekly service of 2 loops, replacing their respective SAFRAN/SAEC services and featuring 3 major changes: • A rationalization of their...
Since rates are at an unsustainable level in the transatlantic trade, Maersk Line announces a general rate increase effective 1 September 2009. The filed increase is as follows: - USD 400 per 20' container - USD 500 per 40'/high cube/45' container The increases apply equally to all Eastbound and Westbound cargo moving between the US & Canada ...
TNT, a provider of integrated express services, has officially opened its newly expanded and re-modelled International and Domestic Operations Centre in Ho Chi Minh City. Located next to Tan Son Nhat International Airport, the 3,000-square-metres facility is said to feature state-of-the-art technology for freight processing, tracking and security. "By...
TEAM Lines plans to purchase slots on APL's Northern Baltic Express (NBX) service which was previously leased by Unifeeder. The move comes as Team Lines is withdrawing two of its small container vessels which previously called at the Port of St Petersburg, with a cargo capacity of 868 TEU. One of the ships will instead be deployed in the charter servic...
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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