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OOCL’s environmental stewardship efforts have been recognized by one of its logistics partners, Baydelta Maritime, in a ceremony in San Francisco on July 1, 2009. "We commend OOCL on its forward-thinking attitude towards environmental protection” said Capt. Fred Henning, General Manager, Baydelta Maritime. "They continue to set th...
Ocean carrier Safmarine is adding a direct link between Asia and Mozambique and the Indian Ocean islands of Madagascar and Mauritius. Safmarine, a subsidiary of Maersk Line, is naming the new service Safari 3 and will use five 1,700-TEU vessels on a rotation of Tanjung Pelepas, Port Louis, Toamasina and Maputo. The new service la...
CMA CGM, CSAV and China Shipping said Thursday they are merging two Asia/Mexico/Caribbean services into one. The new service will replace the joint CMA CGM-China Shipping PEX2 loop, which China Shipping markets as AAE2, and CSAV’s Pacar service. It will have a rotation of Hong Kong, Chiwan, Kaohsiung, Ningbo, Shanghai, Qingd...
Member ocean carrier of the Canada Transpacific Stabilization Agreement said they are instituting a general rate increase “in an effort to partially reverse the recent erosion of freight rates in the Asia-Canada market.” The increase will be $300 per TEU, $400 per 40-foot equivalent unit, and $500 per high-cube FEU, effecti...
CMA CGM’s request to the credit ratings agency Standard & Poor’s to discontinue its ratings of the French shipping line has been approved, but not before S&P downgraded the line’s rating one last time. S&P moved CMA CGM’s rating from BB+ to BB-, a similar action to other agencies Moody’s and Fi...
An amendment to the National Defense Authorization Act will help protect U.S.-flag ships from pirates, said Congressman Elijah E. Cummings, D-Md., chairman of the House Subcommittee on Coast Guard and Maritime Transportation. The House approved the bill, H.R. 2647, last week, which includes an amendment that would require the Def...
Yucaipa to take stake in ailing Icelandic ocean carrier Eimskip, the ailing Icelandic ocean carrier, said it will hand over its North Atlantic shipping operations to its creditors in a $2.2 billion restructuring that involves Yucaipa, a U.S. investment group, taking a stake in the company. Eimskip, which has been hit by fa...
Cargo handling held up at Port of Haldia Cargo handling at India ’s Port of Haldia has been affected by a strike by unionized dockworkers who joined protests calling for wage increases and additional benefits. Reports said the strikers blockaded the entry and exit to the dock, obstructing traffic mo...
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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