Nippon Yusen Kaisha, Japan’s largest shipping line by sales, cut its fleet expansion plan by up to 60 ships as slowing growth decreases demand for shipping. Nippon Yusen will boost its fleet to 940 vessels at the end of March 2011, compared with earlier plans to increase it to 1,000 ships, spokesman Atsuto Kato told Bloomberg in a phone interview...
Singamas Container Holdings Ltd., the second-biggest maker of boxes for shipping goods, is operating at 60 percent of its seasonal output level after customers failed to get financing because of the global credit crunch. Orders at the Hong Kong-based company began to drop off from July and August, when demand typically increases ahead of the ...
TransContainer's net profit under RAS is projected to increase 52.9-58.8 percent to RUB 2.6bn-2.7bn (approx. USD 93m-96m) in 2008 compared with the previous year, the Russian national container shipping company's General Director Pyotr Baskakov told journalists today according to RBC. He also announced that revenue would amount to just over RUB 18bn ...
Russia's navy says a warship on anti-piracy patrol off Somalia will be replaced soon. Russia sent the missile frigate Neustrashimy, or Intrepid, after pirates seized a Ukrainian ship carrying tanks in September. The ship from Russia's Northern Fleet has been escorting freighters and the navy says it has helped thwart at least two pirate attacks. ...
Maersk Line will transfer its intra-Asia services to MCC Transport Singapore (MCC) during 2009. Maersk has long identified the intra-Asia area as a centre of growth and recognises that it will soon become one of the biggest trades in the world for containerised shipments. The new arrangement will result in a unique product for Maersk's custom...
Intermarine said Monday it is reducing its bunker surcharges on all services to and from South America, Mexico and the Caribbean effective Dec. 20. The company is a worldwide provider of ocean transport as well as inland heavy haul transportation services for breakbulk, specialized project and heavy lift cargoes. The new surcharges are $395...
Maersk Line said operation of its intra-Asia business will be consolidated under its sister company Mercantile Cargo Consolidators (MCC Transport) over the next year. Due to the strong market development and our customers' increasing need to deal with professionals with an in-depth knowledge and focus on this market, Maersk Line w...
Direct shipping links between Taiwan and mainland China are expected to formally open Dec. 15 after a pact signed Nov. 4 goes into effect. Press outlets reported that services may start soon after the Taiwanese government finally lifts a five-decade-old ban on such links, with COSCO Shipping Line reported to be starting a Tianjin/Kaohsiung route that ...
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