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THE Shipping Corporation of India (SCI) is considering withdrawing the container service it operates with Zim, Yang Ming, MISC and K Line to Europe after its alliance partners issued notices of withdrawal. SCI is looking for new partners to continue the service, SCI vice president Captain Chopra told The Economic Times of India. But industry sources said ...
JAPAN's NYK Line has revised cut its earnings expectations for the fiscal year ending March 31, which were expected to total US$744 million in January. But the company has since anticipated profit would be closer to $143 million. As the economic slowdown focused on Europe and the US has intensified, the liner trade has been impacted by falling freight vo...
HAMBURG SUD has announced that it is restructuring its Trident Service to bring reduced costs in response to changing market conditions starting in May. There will be reductions in capacity in line with the sharp decline in volume, said a company statement. Cargo to and from Europe - Australia-New Zealand will be served through the well established hub ...
CHINA Shipping Container Lines has confirmed its intention to increase freight rates 100 per cent in key services between Asia and Europe as well as in transpacific routes, reports Sea News. From April 9, Asia-European trades freight rates will be doubled and total US$700 per TEU. In May freight rates on transpacific routes will increase from $1,200 to $1...
Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel Shipyard Limited (Keppel Shipyard) and Keppel FELS Brasil SA (Keppel FELS Brasil), has secured three contracts worth a total of about S$300 million. The first two projects, secured by Keppel Shipyard from repeat customers, are for the construction of a derrick lay barge and the modification...
Stolt Tankers B.V., a subsidiary of Stolt-Nielsen S.A., announced that SLS Shipbuilding Co. Ltd. of South Korea has taken Stolt Tankers B.V. to arbitration to challenge the cancellation of a contract for the construction of a 44,000 dwt coated parcel tanker, the first in a series of four ships, announced on March 18, 2009. The ship was originally sche...
The Evergreen Group will establish its own liner agency company, Evergreen Agency (South Africa) (PTY) LTD. (ESA), in Johannesburg with other two branch offices in Cape Town and Durban commencing operations on 1 April, 2009. Establishing ESA, a joint venture with the company’s long-standing partner and agent—Green Africa Shipping (PTY) Ltd (GAS...
THE chairman and CEO of Lufthansa Cargo, Carsten Spohr, has been elected by the supervisory board to remain at his posts, after deciding to renew his contract for five years until January 2015. Mr Spohr assumed the role of company CEO on January 15, 2007, initially for a three-year term. Before his appointment as CEO and chairman of Lufthansa Cargo, Mr ...
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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