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The world's biggest shipping companies continue to call at Japanese ports having decided that there is no real threat of radiation coming from the wrecked nuclear power plant, reports Bloomberg. Having initially pulled out, Hapag-Lloyd, the world's fourth biggest container shipping line, has resumed calls at Tokyo and Yokohama, meaning that none of the...
Germany's TUI said it was in talks to sell a stake in container shipping business Hapag-Lloyd that it had earlier said it wanted to float, boosting its shares by 5 percent, Reuters reports. The German travel operator was in early stage talks with several interested parties including Oman and HNA -- China's fourth-largest airline group -- about the sale ...
Box Ships Inc filed with U.S. regulators on Monday to raise up to $195 million in an initial public offering of common stock, Reuters reports. The newly formed international shipping company plans to sell 10 million shares for between $15 and $17 each. The company said it would use proceeds from the offering to partially fund acquisitions of its fleet a...
The Danish shipping giant Maersk has established a new inter-European container shipping company called Seago Line, GreenMed Journal reports.The subsidiary, which is based in Copenhagen, will take over all of Maersk's and Safmarine's intra-European shipments with effect from April this year. This includes traffic to the Mediterranean, Russia and the Balti...
A NEW US$59.5 million grain terminal will soon commence construction to handle rice, wheat, corn, soybeans and dried distillers grains from across the US for shipment to foreign customers from Port of Lake Charles, Louisiana, midway between New Orleans and Houston. While the new facility is a bulk terminal, nearby New Orleans has recently gained a name f...
FAMOUS Pacific Shipping Lanka has launched independent heavy lift and project cargo units to provide project logistics and customs brokerage services targeting Sri Lanka's reconstruction efforts. The new entity, Projects FPS (Pvt) Ltd, is under the same management as its parent company headed by Gihan Nanayakkara, founding shareholder, chairman and mana...
A NEW ZEALAND shipping executive was sentenced to five years imprisonment after being found guilty of manslaughter through negligence in connection with the sinking of the Princess Ashika ferry, reports the New Zealand Herald. Seventy-four people died when the Princess Ashika sank while travelling from the Tongan capital Nuku'alofa to Ha'afeva on August...
IRAN's Islamic Republic of Iran Shipping Lines (IRISL) has announced that the last of five cargo ships seized following sanctions against Iran has been released, reports Reuters. IRISL's vessels were impounded at ports around the world late last year after European banks called in loans to the company. Reported the Iranian Fars news agency. "The last sh...
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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