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Mediterranean Shipping co., the world's second-biggest ocean carrier, said Tuesday it is instituting a general rate increase on cargo moving from Europe to the Far East and Middle East due to more demand for export cargoes. Export cargo from Northwest Europe, Scandinavia and Baltic ports will see a rise of $50 per TEU and $100 per FEU for dry cont...
The Marit Maersk, a giant container ship built for Maersk Line at Odense, called at the Port of Hamburg for the first time on its maiden voyage. The ship's length of 367 m makes it 15 m longer than any container ship that has ever called at the Port of Hamburg in the past. Ships with a slot capacity of up to 11,000 TEU are increasingly being put into serv...
The maritime sector could well use Holland’s expertise in various areas, especially in shipbuilding and dredging, stressed Ms Lakshmi Venkatachalam, Director-General of Shipping (DGS), Exim News Service reported. Addressing a seminar on ‘Partnership and Cooperation in Heavy Seas’, organised by the Dutch Ministry of Economic Affairs, Holland Marine...
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerized cargoes, made today several announcements as follows: Fleet expansion and renewal Euroseas announced today, that it signed a memorandum of agreement to acquire charter free the M/V Glorious Wind, a ...
The Finnlines Group recorded revenue totalling EUR 735.7 (685.5 in 2007) million. Operating profit was EUR 35.4 (68.8, including vessel sales gain of EUR 12.3 million) million. Loss before taxes was EUR -3.2 (40.1, incl. vessel sales gain of 12.3 million) million. Return on equity (ROE) was 0.2 (8.0) % and return on investment (ROI) was 2.9 (6.9) %. ...
Grand Alliance members Hapag-Lloyd, Nippon Yusen Kaisha (NYK) and Orient Overseas Container Line (OOCL) announced today (February 18, 2009) they will cooperate with ZIM in two strings in the trans-Pacific trade, with immediate effect. The scope includes North China and Japan, South China, South East Asia to Canada and US North West Coast (NWX and PNX serv...
On 1 April 2009 the responsibility for the Liquefied Natural Gas (LNG) activities within the A.P. Moller - Maersk Group will be transferred from Maersk Tankers to Maersk FPSOs. LNG will then come under the responsibility of Mr. Paul Carsten Pedersen, CEO of Maersk FPSOs. The motivation for incorporating the LNG business under Maersk FPSOs is that ...
THE number of idle containerships has increased to 392, aggregating to 1,100,000 TEU, or 8.8 per cent of the cellular box fleet, according to Paris-based AXS-Alphaliner News. Big ships continue to pile up at Asian anchorages as they end rotations when hoped for resurgence of exports from China after Chinese New Year did not to occur as expectations da...
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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