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A senior Maersk Line official has repeated calls for the shipping industry to reduce ship-generated pollution. We need to focus on the environmental impact of shipping, said Jesper Praestensgaard, chief executive of Maersk Line Asia Pacific, We have to engage in this discussion because if we keep our heads down and do not show that we are improvin...
Daewoo Shipbuilding and Marine Engineering Co Ltd said on Friday it had cancelled a 619 billion won ($610.3 million) order to build eight container ships for an unidentified European company. Daewoo said in a filing to the Korea Exchange that the European firm had not paid for the ships. The South Korean shipbuilder announced the order on Mar. 11, 200...
A report in Thursday's Shippers NewsWire on OOCL's first half earnings failed to accurately describe the net profit of the Hong Kong carrier's container and logistics division, which actually declined 31 percent from the same period in 2002, to $158 million. Source: American Shipper
The Australian shipbuilding company Austal marked the start of construction on a new facility in Mobile, Ala., with a groundbreaking ceremony on Thursday. The so-called modular manufacturing facility will include 700,000 square feet of manufacturing space, 80,000 square feet of warehouse space, and 60,000 square feet of office space and will ultimatel...
International Shipholding Corp. reported second quarter profit of $18 million compared to $7 million in the same 2007 period. Revenue in the most recent quarter was $58.1 million compared to $47.3 million in the comparable 2007 period. The company noted that second quarter net income included a $15.1 million gain from the sale of a Panamax bulk ca...
Containership charterer Seaspan Corp. said it had net earnings of $85.3 million in the three months ending June 30, compared to $33.5 million in the same 2007 quarter. Normalized net earnings were $19.3 million compared to $15.6 million in the year-earlier period. In a research note issued Thursday, brokerage firm Dahlman Rose & Co. said the resul...
The Far East Freight Conference has issued its final update on bunker and currency adjustment factors before the carrier conference ceases operations Oct. 17, when the European Union officially puts an end to liner antitrust exemption. FEFC carriers are involved in trade between the Far East and Europe. The conference said Friday that the bunker a...
The Canada Transpacific Stabilization Agreement has raised its fuel surcharges nearly 18 percent in a month, the carrier association said Friday. Member carriers, who move cargo between Canada and Asia, said their fuel surcharge will go to $1,192 per TEU, $1,490 per FEU, $1,676 per 40-foot high cube container and $1,886 per 45-foot container. By weigh...
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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