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Japan's NYK Line and Germany's Hapag-Lloyd will next month end their union in the U.S. East Coast/East Coast South America trade. The two carriers both provide ships on a joint weekly service using six ships of about 1,700 TEUs. NYK, which markets the string as Atlantic North-South Express Service (ANS), said it will instead operate the string indepen...
A company affiliated with Liberty Shipping has acquired 5.2 percent of International Shipholding Corp. and has proposed a possible combination of the two companies. According to a document filed with the Securities and Exchange Commission Monday, Liberty Chief Executive Officer Philip J. Shapiro, met with Niels M. Johnsen, chairman and CEO of Internat...
Evergreen Line is dropping calls at Thamesport in the United Kingdom and Los Angeles, eastbound only, from its Asia/U.S./Europe NUE pendulum operation, according to the latest sailing schedule from the Taiwanese ocean carrier. The last vessel to call at Los Angeles on the NUE will be the Ever Diadem on Sept. 15. The same vessel will make the last visi...
Asian shippers met this week in Macau to discuss how a post-conference world might look, as well how new Chinese antitrust regulations might affect liner rate setting in Asia. At the beginning of August, China enacted a new antitrust law that the Asian Shippers' Council believes trumps existing maritime regulations that allow lines to collectively set...
Shipping giant Maersk has cut more than 100 ship calls from Port Chalmers - equating to 22% of the port's container volumes - in a decision which took Port Otago by surprise. Port Otago received no advance notice or warning from Maersk before notification last Thursday it was withdrawing 104 ship calls from its Southern Star Service from September 1. ...
Singapore company Jurong is investing 500 million reais in the construction of a shipyard in Aracruz, in the Brazilian state of Espirito Santo, for the construction of oil and gas production rigs and ship repair. The Brazilian press has said that the agreement for carrying out the project had been signed Monday between the company and the state Govern...
Shares of A B G Shipyard are trading at Rs 388.15, up Rs 15.55, or 4.17% at the Bombay Stock Exchange (BSE) on Wednesday at 12:16 p.m. The scrip has touched an intra-day high of Rs 392 and low of Rs 375.65. The total volume of shares traded at the BSE is 16,722. In the earlier session, the shares declined 1.31%, or Rs 4.95, at Rs 372.60. Curre...
Japanese line NYK has restructured its US East Coast to East Coast of South America service and will operate it independently with NYK vessels only. The service called ANS (Atlantic North-South Express Service) will commence in September on a fixed-day weekly period with deployment of six NYK vessels with a capacity of 1,100 TEUs each. The service...
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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