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The effort by Liberty Shipping to merge with International Shipholding Corp (ISH) looks to be turning into a proxy war. Liberty said Tuesday it will nominate its own slate for the company's board of directors at the next annual meeting. The company's last annual meeting was held April 30. In a letter sent Tuesday to the outside directors of...
Confidence in the shipping business is falling, according to an industry survey by U.K. accounting firm Moore Stephens. Our latest survey reflects weakening demand in the global economy and growing concern across shipping markets, said Richard Greiner, Moore Stephens shipping partner.The results show an industry less confident about its abili...
Neptune Orient Lines Ltd., the Singapore-based parent company of container shipping line APL and APL Logistics, said it will slash its workforce by 1,000 -- mostly in the United States -- and relocate its regional headquarters in Oakland, Calif., to a more cost effective location elsewhere in the United States. The negative conditions we are seeing in...
The Indian navy has reported that its warship the INS Tabar (pictured) yesterday attacked and destroyed a vessel belonging to Somalian pirates operating in the Gulf of Aden. According to news reports by the BBC, the naval vessel was patrolling 285 nautical miles (528km) south-west of Salalah in Oman, on Tuesday evening when it spotted a pirate vessel...
The shipping industry has urge Jakarta Minister of Transportation Jusman Syafii Djamal to delay the application of new terminal handling charges (THC) at Tanjung Priok port due to the current global economic crisis, Bisnis Indonesia reported. Shipping companies have asked the Minister of Transportation to delay the application of the new THCs and...
The global economic turmoil has dampened investment enthusiasm at shipping companies, resulting in an 80 per cent year-over-year plunge in October shipbuilding orders in Japan, according to industry data released Tuesday. Speaking at a news conference, Shipbuilders' Association of Japan Chairman Masamoto Tazaki said shipowners are growing cautiou...
The European Maritime Safety Agency (EMSA) has strengthened its network of stand-by oil finalised contracts for the Black Sea and North Sea. In the Black Sea, Romanian shipowner Grup Servicii Petroliere (GSP) will provide a pollution response capability using an offshore supply vessel which services the oilfields off the coast of Romania. In the ...
Horizon Lines has introduced ReeferPlusGPS, a container tracking and shipment monitoring solution for refrigerated ocean containers moving between the continental United States and Puerto Rico. The service, which is available now, is designed to improve the visibility and security of high-value perishable cargo requiring cold chain logistics. The...
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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