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THE Grand Alliance has announced it will cooperate with Israeli shipping line Zim on two strings of the NWX and PNX services on the transpacific with immediate effect to serve north China. Japan, south China, south east Asia, Canada and the US north west coast. Two services will operate on a weekly basis with a round voyage of 42 days (PNX) and 35 day...
Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, today reported net income of $54.2 million for the fourth quarter of 2008. This compared to net income of $36.4 million reported in the fourth quarter of 2007. Voyage and time charter revenues were $84.3 million for the fourth quarter of 2008, compa...
Container shipping leader APL is moving to implement a rate increase in the Asia-Europe trade. Eastbound, for traffic from Europe to Asia, effective 15 March 2009 the quantum of the increase will be up to US$175 per container for paper and scrap commodities and US$100 per container for all other commodities. The quantum of the freight rate increas...
The European Commission (EC) has approved applications for joint ownership of Hapag-Lloyd by a group of Hamburg investors, including Kuehne Holding, as well as German travel giant, TUI, which sold its controlling interest to the group, Exim News Service said. The approval removed the last hurdle to the 4.45-billion euro ($ 5.7-billion) sale of the wor...
The number of idled containerships has increased to 392, aggregating 1,100,000 TEUs, or 8.8 per cent of the cellular box fleet, according to Exim News Service. Big ships continue to pile up at Asian anchorages as they end rotations after the expected resurgence orders from China after its New Year did not materialise. Indeed, the prospects dimmed with...
Finnlines is starting a new weekly service to/from Immingham, which provides more choices for cargo flow between Finland and the United Kingdom. The first departure from Helsinki to Imming ham will be on February 28 and the first call at Immingham is on Tuesday 3 March 2009. Finnlines vessel will work at the DFDS Nordic Terminal Terminal (DNT) on ...
Nordic American Tanker Shipping Ltd. took delivery of the suezmax vessel that the company recently agreed to acquire. The double hull suezmax vessel has been named Nordic Sprite. Including the Nordic Sprite, the fleet of the company consists of 15 suezmax vessels of which two are newbuildings expected to be delivered in December 2009 and April 2010, respe...
Israeli ocean carrier Zim said Tuesday it is suspending its transpacific APX service and will buy slots on two Grand Alliance services to the U.S. Pacific Northwest to fulfill port coverage lost on the APX. As a second part of the suspension of the APX, Zim said it would add three ships of 8,000 to 10,000 TEUs to the alliance’s services in July. ...
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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