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Media
A 1,800 Mediterranean Shipping Co. containership ship has been stuck in a channel near Lagos for a week, Containerization International reported Wednesday. The MSC Rhone ran aground in a channel leading to a container terminal at Tin Can Island. The vessel is stranded with 419 containers to be discharged. Reports suggest the vessel left the 11...
CSAV said its PACAR service between Asia and the Caribbean would be extended to include calls to the U.S. East Coast ports of Savannah and New York-New Jersey. The PACAR, recently upgraded to a weekly fixed service, will now operate with nine ships with capacities of 2,500 to 3,000 TEUs and will offer the new connection from Asia to Savannah a...
A South Korean-owned and Panamanian-flagged vessel unloading palm oil at the Port of Chennai has been stranded by bankruptcy, Indian news outlets reported Wednesday. The Golden Freesia arrived in Chennai in mid-December to discharge its cargo but then could not leave because the ship's owners had failed to pay port, pilotage and bunker fees of...
U.S. mainland-to-Hawaii container carrier Matson Navigation Co. said it would pare staffing by 10 percent. Matson plans to reduce its non-union headcount by about 60 positions, augmenting position eliminations that resulted from hiring freezes adopted in 2007 and 2008. Over the past several years, Matson has been diligently implementing cost r...
Liquid bulk carrier Euronav reported year-end after-tax profit of $400 million for 2008, a quadrupling of profit from the previous year. In December, the company saw profit of $36 million, a $12 million decline from the same month in 2007. VLCC rates throughout the year 2008 have been exceptional and by far the highest ever seen during ...
Wan Hai and Pacific International Lines will end their China Transpacific Service at the end of February and take slots on a similar K Line service, Lloyd's List reported Wednesday. The two carriers in October downsized capacity by 40 percent on the service, which calls at Xiamen, Hong Kong, Yantian, Kaohsiung, Long Beach, Oakland and Xiamen. But t...
China Shipping Container Line said it estimates it’s net profit attributable to shareholders for 2008 will decrease more than 50 percent from 2007 when it had net profit of 3.32 billion Chinese Yuan Renminbi ($486 million). In an announcement to the Stock Exchange of Hong Kong, the Shanghai-based company, the world's eighth-largest container c...
The Dongyue ship owned by China United Lines (CULINES) weighed its anchor and set sail from Shantou Container Terminal for Kaohsiung, Taiwan, at 5 pm on January 18, with a container full of cargo. The event signifies that the South China-Taiwan Direct Express Service (STD) of CULINES has begun to operate. This is the first cross-Straits regular direc...
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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