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Maersk Line announced general freight rate increases on containers shipped from Europe to Asia, saying currency movements were boosting traffic on the route. The Danish carrier said general commodity rates would rise by $25 per TEU effective March 1 and April 1 to ensure sustainable freight rates.Maersk said the decline in eastbound freight rates...
Maersk Line has announced revisions to its current South Atlantic Express (SAE) service, including the addition of calls at Savannah and Wilmington. The addition of these calls and adjustments to the overall schedule broadens service coverage and improves transit times. After March 3rd, the revised SAE service will no longer call at the Port ...
Compagnie Maritime Belge of Antwerp said its Bocimar International subsidiary will establish a shipping joint venture with one of the world's largest iron ore companies, Australia's Fortescue Metals Group. The Bocimar-Fortescue venture will time charter three Bocimar capsize ships, and Bocimar will also receive shares in Fortescue as a result ...
Maersk Line UK & Ireland will move its regional headquarters from London to Liverpool. Liverpool economic development officials said the decision by the Danish company to move the unit to Liverpool is partly based on the competitive costs associated with locating and operating in the city and its connectivity. Maersk Lin...
Hapag-Lloyd said it would continue the services it offers between Montreal and the Mediterranean despite Wednesday's announcement that its partner in the service, Senator Lines, plans to shut down at the end of the month. Hapag-Lloyd will continue the service between Montreal and ports in the Mediterranean provided in cooperation with Senator ...
Matson Navigation, the ocean transportation segment of Honolulu-based Alexander & Baldwin, said its fourth quarter operating profit was $21.1 million, 30 percent lower than in the same 2007 period. Matson’s fourth quarter revenue was $239.5 million, down 9 percent over the same 2007 period. The company said container volumes to Hawaii were off 13 ...
A.P. Moller - Maersk said that when it reports its profit for 2008 a month from now it will be on the order of $3.4 billion -- about the same as in 2007 -- instead of the $4 billion to $4.3 billion it had forecast last November. The company said operation of its business in the fourth quarter generally developed as expected. A number of bu...
On Tuesday TUI AG confirmed it is mulling making a loan to Hapag-Lloyd after it has sold the ocean container carrier. The German tourism company said a loan would ensure the liquidity of the world's fifth-largest liner operator after it has been purchased by the Hamburg-based Albert Ballin investment group. The parent company stressed the pot...
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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