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Grand Alliance members Hapag-Lloyd, Nippon Yusen Kaisha (NYK) and Orient Overseas Container Line (OOCL) and Zim Integrated Shipping Services have agreed to cooperate on the service from South China to US East Coast via the Panama Canal. The joint operation will take effect from early April, subject to filing with the Federal Maritime Commission (FMC). N...
Daewoo Shipbuilding & Marine Engineering , the world's No. 2 shipbuilder, said on Tuesday it would sell 500 billion won ($361.4 million) in three-year domestic corporate bonds. Daewoo said in a filing with the financial regulator that proceeds from the bond sale would be used to pay its suppliers. The bonds would be issued on April 1 and carry a coup...
The Board of Directors of Finnlines Plc has today resolved to issue a hybrid bond in order to strengthen the Group’s capital structure. The principal amount of the bond is EUR 21 million and the coupon of the bond is 12 per cent per annum. The bond has no maturity but the company may redeem the securities after three years or at any time in certain ev...
Logwin, in partnership with its international forwarding agent, Wikestrom & Krogius, has been awarded a five-year contract to provide logistics and operational services for Wartsila, eyefortransport reports. The agreement includes the management, transportation and distribution of approximately 70,000 tonnes a year of power-related cargo from the clien...
Finnlines Plc´s President and CEO, Mr.Christer Antson, today presented his notice of resignation for the Board of Directors. The Board approved his resignation. The Board will start looking for a new President and CEO. Mr. Emanuele Grimaldi, member of the Board, will on a temporary basis act as President and CEO for the company until a permanent Pres...
According to Braemars Seascope, this week has been a busier week in the market, buoyed a little by news that some of Lines are reporting improved cargo volumes again together with rumours that certain large operators have now once again dipped into the recently inactive larger sizes taking vessels for long periods. Operators it seems are now being tempted ...
Tom Behrens-Sørensen, Group Executive Vice President, will step down as Chairman of Maersk China Ltd. after 14 years and leave the A.P. Moller - Maersk Group. “Tom Behrens-Sørensen has been with the Group for more than 30 years. I would like to thank Tom for his work establishing a large network ranging from Government to local business...
Local time March 15th, 2009 in Spain, Mr. Kang Shuchun, CEO of SHIPPINGCHINA.com, arrived at Belgium for one-day business visit upon the invitation of Mr. Vincent de Saedeleer, vice president of Port of Zeebrugge. During the visit, Mr. Kang expressed his acknowledgement on Mr. Vincent de Saedeleer’ s hospitality and made an introducti...
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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