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The Hong Kong Shipowners Association is calling for rapid action to address the upsurge in piracy incidents in the Gulf of Aden. This is a problem that must be solved as soon as possible, both by preventative and defensive action by the world's navies to protect the safe passage of world trade, as well as by the provision of aid and humanita...
A committee of the outside directors of International Shipholding Corp. said it is continuing to evaluate an unsolicited offer to acquire the company made by Liberty Shipping Group. The special committee would like to negotiate the terms of a confidentiality agreement with Liberty, which the special committee believes must contain customary ...
DENMARK's Maersk Line seeks greater market share to weather the recession despite services reduction, rates decreases and layups, it will consider acquisitions to grow its 15.8 per cent market share, according to Paris-based AXS-Alphaliner. A likely bid for the fifth largest carrier of Hapag-Lloyd is not discounted by Maersk chief executive Eivind Kol...
More carriers are beginning to avoid routing ships through the Suez Canal and Gulf of Aden because of the upsurge in piracy. A.P. Moller - Maersk said Thursday, Vessels without adequate speed or freeboard will for the time being avoid the Gulf of Aden and seek alternative routing south of the Cape of Good Hope and east of Madagascar. However, base...
MAERSK and CGM are to combine their downsized service offering in May that will continue to link Asia to the US east and west coasts, according to a statement from the Marseilles-based CMA CGM. This comes as a replacement of existing capacity, allows CMA CGM to strengthen port coverage on this trade with more efficient tonnage, and to strive for econo...
The United Nations on Thursday approved a set of financial sanctions on the Somali pirates who have wreaked havoc in Gulf of Aden, but it's unclear how effective the sanctions will be since those responsible for much of the anarchy plaguing the country are well outside any traditional finance system, an Associate Press report said. A prior U.N. res...
CKYH Alliance carriers COSCO, K Line, Yang Ming and Hanjin said Friday they are cutting further capacity on Far East/Europe services in response to weak demand during the winter. The carriers said they will combine the current AES and AEN services from the end of November into a combined service called CNEU, with direct port calls at Dalian, Xingan...
Pirates that seized the fully laden super tanker Sirius Star off the coast of Kenya over the weekend are reportedly demanding $25 million in ransom for release of the ship. The news agency AFP quoted a man calling himself Mohamed Said as saying the pirates would take action that could be disastrous if the money is not paid. There are 25 cre...
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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