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Rickmers-Linie GmbH & Cie. KG, global specialist for breakbulk, heavylift and project cargoes, has appointed Greenport Shipping Agency LLC, Dubai as its new agent in the United Arab Emirates and Bahrain effective 1 October 2009. Rickmers-Linie and GAC, the previous agent in these locations, have mutually agreed to terminate the existing agency agreement...
Eastern China's Zhejiang province currently has the third largest seaport capacity in the nation, Xinhua reported. Since 2000, the province has built 47 new berths of over 10,000 tonnes, bringing an extra capacity of 174 million tonnes. By the end of 2008, Zhejiang already had 128 seaport berths over 10,000 tonnes with an aggregate capacity of 500 millio...
Taiwan's Evergreen Marine, the world's fourth-largest container line, on Wednesday said it will dismantle a sixth of its fleet over the next four years as it sees no clear signs of an economic recovery. Evergreen, which recorded a loss in the first quarter as a result of the economic crisis, plans to take down 31 old cargo ships after they are retired a...
Maersk Line plans to cut the number of berths it leases at Kaohsiung Harbor in southwestern Taiwan because of dwindling business, a harbor official told the Taipei Times. “Maersk Line rents three container berths at Kaohsiung Harbor. The lease for the No. 75 berth will expire in October, but Maersk has asked to terminate it ahead of the expiry date,...
CNC Line has appointed CMA CGM China and CMA CGM Hong Kong as its agent for international liner services, starting August 1. "This nomination is a natural outcome since CNC is part of CMA CGM world. We wish to express our thanks and appreciation to Agnes Chong and her group of companies who have successfully represented CNC for the past several years," a ...
HAMBURG Sud and Alianca will raise bunker surcharges on their east coast Americas trade routes by US$25 per TEU, starting from the beginning of August. Company officials said the changes were necessary given the recent hike in bunker costs, now one of the largest cost factors in service delivery. Julian Thomas, Alianca's Sao Paulo-based managing direct...
FUJIAN province's cumulative trade value from January to May slid 19.5 per cent year on year to US$27.9 billion, Xinhua reported. Exports fell 15.7 per cent to $19 million while imports declined 26.5 per cent to $8.9 billion, generating a trade surplus of $10.1 billion. Provincial foreign trade value declined 18.7 per cent in May to $6.1 bil...
FRENCH shipping group CMA CGM credit rating has been downgraded despite issuing a withdrawal from ratings by Standard & Poor's agency because it feels it undermines its overall performance. UK 's Standard & Poor lowered its ratings from BB+ to BB- because of the depressed container shipping market impacting what recovery and profitability t...
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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