Hyundai Heavy Industries Co., the world’s top shipbuilder, appointed Kim Oi-hyun as co-chief executive during its shareholders’meeting on Friday, Koreaherald reports. The former shipbuilding division head will replace Min Keh-sik, who had led the firm for the past 10 years. Kim, 57, will oversee management as vice chairman and chief executiv...
The arrival of the ‘Hanjin Chennai’ at the Port of Hamburg this week marked the start of a new joint service shared by Hanjin, UASC, COSCO and CCNI between Northern Europe and the East coast of South America. The new ESE service has six 2,500 teu containerships deployed on a weekly basis between Hamburg and the Brazilian ports of Rio de Janei...
AMSTERDAM's Schiphol Airport and South Korea's Incheon International Airport have signed a memorandum of understanding (MoU) to cooperate in the promotion of the "e-freight" programme launched by the International Air Transport Association (IATA). The initiative aims to create a paperless air cargo transportation environment in which for cargo carriers,...
THE US trucking industry is expected to achieve rate increases of more than five per cent this year on the back of shrinking capacity, upcoming regulatory changes and higher fuel expenses, according to industry analysis. A report by UK's Transport Intelligence said that supply and demand appears to have balanced out this year, after an estimated 18 per c...
CHINA's new shipping line, Hainan PO Shipping (POS), which started in 2008, will add to its existing transpacific and Australia services, a new Intra-Asia loop between Tianjin and Jebel Ali. The news came with the announcement that the company, with its operational base in Shanghai, was opening a joint-venture office in Singapore, the P O Shipping (S) A...
GERMAN carrier Hamburg Sud has announced a general rate increase to be applied on all cargo moving from the east coast of the US and Canada to Europe from April 15. Rates will be increases by US$125 per TEU and $250 per FEU. For answers to questions on specific shipments, the carrier advises shipper to contact their Hamburg Sud representatives. (Source:ht...
HONG KONG terminal operator Hutchison - the world's biggest - and global investment firm, Carlyle Group, are the surviving bidders of 80 companies for a 75-year lease on a Port of Galveston terminal. The deal under review by the Galveston Wharves' Board of Trustees will be the first US port to lease its total port operations to private operators in a le...
Shippers' cries for US anti-trust laws is "emotional" and resulted from fear during the 2009 global downturn, says the Transpacific Stabilisation Agreement (TSA), the chief target of shipper protest. TSA executive administrator Brian Conrad said the removal of shipping conferences would remove the shipper/carrier debate and their collective aim for "pred...
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