Media
Media
Danish shipping company Norden has secured a five-year contract with the Norwegian state-owned mining company Store Norske Spitsbergen Grubekompani AS for the transport of coal from Svalbard to the European continent. Estimated volumes are 10 million tons a year. The shipments will commence in July 2011 and the contract employs approximately 3,000 panamax s...
CMA CGM, the world's third largest carrier, has announced enhancements for its EPIC service running India, Pakistan, the Middle East and North Europe. It will add a new westbound call at Port Said starting March 30 to shorten the voyage for eastern Mediterranean trade lane, including cutting out four days to Lattakia, Syria; Istanbul; six days to Mersin,...
MATSON Navigation Company, a US coastal-Hawaii container shipping line, is expecting to post a first quarter operating loss based on softening rates between Asia and the US, and spiralling fuel costs. Its parent company, Alexander & Baldwin, hopes to recoup losses in surcharges during 2011 but "an environment of continually escalating fuel costs could...
GERMAN shipping line Hamburg Sud has ordered six 9,600-TEU ships, with an option to buy four more of the same size, from South Korea's Hyundai Heavy Industries with current list prices indicating the order is worth KRW800 billion (US$711 million). The vessels will be equipped with 1,700 reefer plugs and capable of carrying containers one foot taller than...
COSCO's joint venture, the Shanghai International Ferry Co Ltd recently succeeded in shipping a giant pumping device to Japan for cooling the troubled reactor in Fukushima nuclear power plant. The transport is without charge and the cost will be absorbed as donation to Japan. The pump is 15.5 metres long and 4.2 metres high with a 62-metre arm, weighti...
Hanjin Shipping received its first ore carrier. Named after the Brazilian port with the country's largest iron ore export, Hanjin Tubarao is a Very Large Ore Carrier (VLOC) of 300,000 ton-class. The ship is under long-term contract with POSCO and will be deployed in the transportation of iron ore from Brazil to Korea. Attending the naming ceremony held ...
QANTAS has agreed to plead guilty to cargo price-fixing by levying fuel surcharges on freight shipments into and out of New Zealand, after reaching an out of court settlement with the New Zealand Commerce Commission to avoid a court hearing in May. British Airways and South African airline Cargolux have also agreed settlements with the commission, after a...
FEDEX has posted a net income of US$231 million for the third quarter ending February 28, representing a year-on-year decrease of three per cent on revenues of $9.66 billion, up 11 per cent over 2010. Third quarter operating profit was down six per cent year on year to $393 million, and the operating margin at 4.1 per cent was down from 4.8 per cent the p...
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