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Railroad freight operator TransContainer has set the rates of coupons three and four of a first- series bond issue for 3 billion rubles at 16.5% annually, the company said in a statement according to Interfax. The company placed the bonds on March 4, 2008. The first coupon was set at 9.5% and the sec...
French carrier CMA CGM said it will seek a general rate increase on all its services, especially those from Asia to Europe, Asia to the Mediterranean, from India and Pakistan to Europe and from Asia to South America. “The present rates and the trend on the main Far East to Europe trades have been deteriorating to a level which is no longer sustaina...
The Baltic Exchange's chief sea freight index, which tracks rates to ship dry commodities, rose by 2 per cent to a four-month high on Friday. Volatile: Brazilian mining giant Vale expects to ship a record quantity of 30 million tonnes of iron ore to China in the first quarter of 2009. Iron ore stocks at China's major ports fell 3 per cent to 58.13 mill...
American Commercial Lines Inc. yesterday announced it has closed on an amendment to extend its credit facility through March 31, 2011. The existing credit facility was set to expire on March 31, 2009. A copy of the amendment in its entirety is filed with ACL's Current Report on Form 8-K filed with the Securities and Exchange Commission on February 23rd, ...
Verein Hamburger Spediteure (VHSp – Hamburg Freight Forwarders Association), Verein Bremer Spediteure (VBSp – Bremen Freight Forwarders Association), representing Komitee Deutscher Seehafenspediteure (KDS – Committee of German Seaport Freight Forwarders), and Hapag-Lloyd agreed last Friday that the forwarding commission, which was to be ab...
As a result of the market instability in the transatlantic trade, Maersk Line is announcing the following general rate increase, effective 1 April 2009. Rate increases are necessary to continue to operate our services with the high level of reliability our customers have come to expect from Maersk Line. The filed increases are as follows between Northern ...
The Grand Alliance members announced today they will re-route all eastbound EU3 service vessels around the Cape of Good Hope, instead of transiting the Suez Canal. Grand Alliance members Hapag-Lloyd, MISC Berhad, Nippon Yusen Kaisha (NYK) and Orient Overseas Container Line (OOCL) announced today they will re-route all eastbound EU3 service vessels around ...
BAILOUT stimulus funding by governments worldwide has been hailed by Cosco CEO Wei Jiafu as helping to raise the troubled Baltic Dry Index, long considered a key indicator of global economic health. The stimulus plan is effective. It strengthens people's confidence, said the head of China's largest shipping company. Capt Wei credited the recovery of t...
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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