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GERMANY's big container line, Hapag-Lloyd, suffered a US$302 million loss in the first quarter from a $24.5 million profit it made in the same period last year, said the company, the world's fifth largest container carrier. Quarterly revenue fell 23 per cent to $1.5 billion year on year from $1.9 billion as traffic shrunk 15 per cent and freight rates f...
CMA CGM has announced the May 20 launch of its new joint service with Maersk Line, linking Asia and Black Sea. The New Bosphorus Express will be operated with 10 containerships in 6,500 TEU class, of which five will be CMA CGM vessels. Rotation will be: Dalian, Tianjin, Busan, Shanghai, Ningbo, Taipei, Shenzhen (Chiwan, Yantian), Tanjung Pelepas, Port K...
As the first planned cruise liner of this season Zenith did not come to Klaipėda port (Lithuania), the cruise ship Delphin opened the cruise shipping season on the 12th of May 2009. The first planned cruise liner of this season Zenith on Sunday, 10th of May 2009, grounded in the road-stead of Copenhagen (Denmark). Due to this incident the liner Zenith had...
Nordic American Tanker Shipping Ltd. announced the pricing of its previously announced underwritten public offering of 4,000,000 common shares at a price of $32.00 per share. The common shares are being offered pursuant to the company's effective shelf registration statement. Morgan Stanley is acting as the bookrunning manager for the ...
The Merchant Shipping (Safety) (Amendment) Bill 2009 will be gazetted on May 15, 2009. The major objective of the bill is to pave the way for timely implementation of marine safety-related international conventions under the Merchant Shipping (Safety) Ordinance. A spokesman for the Transport and Housing Bureau said today (May 13), “Hong Kong ha...
Safmarine announces the appointment of Tomas Dyrbye as the company’s new Chief Executive Officer. Tomas Dyrbye is currently Maersk Line Regional Manager for Northern Europe. Tomas is 51 years old, joined the A.P. Moller – Maersk Group in 1985, and has occupied a number of international positions which includes CEO for the Nordic and Baltic Are...
Wärtsilä has acquired the remaining 60 per cent of the shares of Wärtsilä Navim Diesel of Italy, thus increasing its ownership of the company to 100 per cent. Wärtsilä Navim Diesel, which specialises in marine sales and service, has a strong market position, particularly in the Cruise & Ferry segment. The company enjoys an ...
THE parent company of Matson Navigation Co, Alexander & Baldwin, Inc (A&B), has announced a first quarter net profit of US$3 million, marking a decline of 92.6 per cent against the same period in 2008 when the company earned $42.1 million. The group's ocean container suffered a loss of $500,000 during the first three months of the year, ...
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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