Media
Media
South Korea plans to change accounting rules for shipbuilders to help bolster their balance sheets, as a 32 per cent plunge in the local currency this year slashed their capital by as much as 50 per cent. The rules concern the hedging positions of shipyards, and would allow them to calculate the value of orders on hand as they are delivered. Jun K...
CMA CGM Group and its subsidiary Delmas said Wednesday they are launching a new weekly service connecting Europe with the Indian Ocean islands of Mauritius, Reunion and Madagascar, among others. The service, the Mascareignes Express, will begin at the end of November, and will be operated from Djibouti with four vessels with nominal capacities of 1,70...
The Transpacific Stabilization Agreement, an association of 15 container steamship lines that participate in the Asia to U.S. container liner trade, said the the U.S. housing and credit crunch, touching both consumer spending and business growth, is likely to constrain container volumes from Asia to the U.S. well into 2009. TSA forecasts that full-yea...
The American Bureau of Shipping said Rear Adm. Craig E. Bone has been named to the new post of vice president of corporate programs. Bone joins ABS on retirement from the U.S. Coast Guard after more than 30 years of service. Bone was commander of the 11th Coast Guard District when he retired and prior to that assistant commandant for prevention. H...
Drewry Shipping Consultants said despite the credit crunch and downturn in some trades, the refrigerated shipping sector is still robust. In the most recent edition of its annual report on refrigerated cargo, Drewry forecasts reefer volumes will grow from 153 million tons in 2007 to 215 million tons by 2015, of which 109 million tons will be seaborne....
International Shipholding Corp. said it expects its third quarter net income to be $11 million to $11.5 million, compared to $2.3 million in the same period last year. The company said results for the third quarter were primarily driven by an increase in the carriage of supplemental cargoes on its U.S.-flag Pure Car Carriers, which increased ove...
A.P. Moller - Maersk, which announced plans in August to buy Brostrom, said it has acquired more than one-third the Swedish tanker company's shares after acquiring shares from the two major B-shareholders Odin Funds and Case Asset Management. The combination of share purchases made in the market and the irrevocable undertakings to accept the public of...
The CMA CGM Group said Friday is has begun operations in the Moroccan port of Tangier, with the call of the 8,500-TEU CMA CGM La Traviata, deployed on the FAL1 service linking Asia to Europe. The ship is the first CMA CGM high-capacity vessel to call at the new Tanger Med I container terminal since it opened in August. CMA CGM holds a 40 percent share...
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