Media
Media
MAERSK Line is reportedly planning to divert addition Asia-Europe cargo around the Cape of Good Hope unless Suez Canal transit tolls are reduced. While no reaction has come from the Suez Canal Authority, Maersk representatives, including AP Moller-Maersk CEO Nils Andersen and Maersk Line CEO Eivind Kolding, have met Suez Canal Authority officials and ...
MOL has announced the implementation of a series of US$300 per TEU Asia-Europe westbound rate increases from April 1 and from June 1 and again from August 1. This is coupled to eastbound Europe-Asia general rate restorations that will increase rates $200 per TEU from April 1, and again from Sept 1. While increased freight rates are never very popu...
A discussion agreement representing 14 transpacific container shipping lines said Tuesday it will not pursue an amendment to its agreement on file at the Federal Maritime Administration that would have allowed them to discuss controlling capacity in the Asia-U.S. trade. The Transpacific Stabilization Agreement filed the amendment to i...
On Saturday 7 February 2009, the RT Margo, which arrived in Rotterdam from Singapore at the end of last year, was christened at Kotug's New Year employees event in the Port of Rotterdam. This tugboat with a towing capacity of 83 ton of the 'Rotortug' principle, patented by Kooren Shipbuilding & Trading BV (three propulsion units and three main engines...
Following the resumption of iron ore imports by China, the Baltic Exchange’s leading shipping index, which tracks key commodities shipping rates, rose to a new three-month high on February 6, Exim News Service said. The index rose by 9.61 per cent to 1,642 points from 1,498 points on February 5. Brokers said it was too early to say whether the ris...
Golden Ocean Group Limited has tendered delivery notice in connection with the sale of the Company's panamax vessel M/V Bellflower. The agreed sales price is $76 million. Golden Ocean has at the same time declared the purchase option on the vessel at a strike price of $21.3 million. The Buyer has informed Golden Ocean that they do not have the financial r...
Transpacific container shipping lines have advised the Federal Maritime Commission that they will not pursue an amendment to the Transpacific Stabilization Agreement (TSA) that would allow them to discuss potential vessel capacity program options in the Asia-U.S. trade. TSA filed the amendment on December 18, 2008, to take effect on February 1, 2009 ...
Singapore-based global container shipping and logistics group Neptune Orient Lines (NOL) made a net profit for 2008 of US$83 million, 84% lower than 2007 and a Q4 net loss of US$149m, reflecting “severe deterioration in market conditions and restructuring costs”. Announcing the results, NOL Group Chairman, Mr Cheng Wai Keung, said: “2008 was a ye...
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
qq.com