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Media
HONG KONG's Orient Overseas Container Line (OOCL) has announced it will continue to call at Tokyo, Yokohama and Nagoya despite decisions by two fellow Grand Alliance members to curtail services to these ports. PAX and NWX services run by Hapag-Lloyd have stopped calling at Tokyo, Yokohama and Nagoya since March 16 because of fears of deteriorating nuclea...
China COSCO Holdings, the country's top shipping conglomerate, reversed losses to post a slightly better than expected net profit in the second half of 2010. China COSCO reported a net profit of 3.41 billion yuan ($519.4 million) from July to December. China COSCO reversed a loss of 2.87 billion yuan in the second half of 2009. For full year in 2010, the...
China Shipping Container Lines (CSCL) returned to profit and almost doubled its revenue for 2010 due chiefly to higher volumes of loaded cargoes and freight rates. The Hong Kong-listed box liner posted a full year revenue of RMB34.81bn ($4.47bn) in 2010, up 76.3% from RMB19.74bn in 2009. The company erased a net loss of RMB6.49bn in 2009 to post a net profi...
Wallenius Wilhelmsen Logistics (WWL), the global shipping and logistics company, managed to cut its CO2 emissions by 21 percent last year, compared to 2009. The company attributed the change to increased fleet optimisation and utilization. The company also reported results of its low-sulphur fuel policy, which has allowed the company to cut its sulphur di...
A.P. Moller - Maersk has named the first of a series of 22 Wafmax container vessels currently being built by Hyundai Heavy Industries in Korea. Named after the capital of Guinea, Maersk Conakry and the 21 other West Africa vessels on order from Hyundai will be the largest container ships able to call West Africa, hence the name, wafmax. They are also ...
UPS has extended its next-day express delivery coverage for both packages and heavy freight to Europe from Hong Kong. The addition of four direct flights brings the total number of flights operated by the company from Hong Kong to Europe each week to 11. A company statement said the new daily direct flights will link Hong Kong with its European hub in...
CARGOTEC has secured an order for four Kalmar E-One2 rubber-tyre gantry (RTG) cranes that are to be installed in DP World's container terminal at Botany port in Sydney with delivery expected in fourth quarter. The eight-wheeled, all-electric RTGs feature load capacities of 41 tonnes and have the ability to stack containers eight + one wide and one-over-f...
KOREA's Hyundai Heavy Industries (HHI) and the Hyundai Group (HG) are fighting each other for control of Hyundai Merchant Marine (HMM), reports Bloomberg. Calling it a "divided empire", Bloomberg says that Hyundai Heavy, which owns 23.8 per cent of HMM, has rejected a plan to increase the container shipping line's preferred stock sales limit. The Hyu...
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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