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MEMBER lines of the Grand Alliance, Hapag-Lloyd, NYK, OOCL, have announced increased frequencies to transpacific US west coast services with the re-launch of the Japan China Express (JCX) and the restructuring of the Central China Express (CCX), South China Sea Express (SCX) and the Super Shuttle Express (SSX). From May 15, the JCX will cover Japanese po...
Singapore Neptune Orient Lines’ container shipping operating performance metrics for the 6-week period (Jan. 1 – Feb.11) rose by 5% from the same period a year earlier, to 321,600 forty-foot equivalent units (FEUs). The company’s revenue per FEU increased by 10% to $2,654 / FEU, NOL's press release said. NOL said the 5-percent increas...
The National Shipping Company of Saudi Arabia (NSCSA), on March 6, signed four shipbuilding contracts and two additional optional contracts for general cargo vessels with Hyundai MIPO of South Korea, Exim News Service reports. The value of the contracts, including the two optional contracts, amounts to 1,543 billion Saudi Riyals, i.e., about $411 million....
The Shipping Minister, Mr G. K. Vasan, informed Parliament recently that the Shipping Corporation of India (SCI) was in the process of purchasing 110 vessels of 5.21 million gross tonnage (GT) at an estimated cost of Rs 27,668 crore in the next 10 years, Exim News Service reports. In a written reply to the Lok Sabha, Mr Vasan said, “SCI is likely to...
SAMUDERA Shipping is back in the black with a net profit of US$9.4 million for the full year ending December 31, up from a net loss of $8.8 million in 2009. Group revenue amounted to $369.1 million in 2010, an increase of 12 per cent compared to the previous year. Executive director and CEO David Batubara attributed the result to "an improvement in trad...
SOUTH western Guizhou province plans to spend CNY275 billion (US$41.9 billion) on road and water transport, increasing the length of its expressways to more than 3,000 kilometres by 2015, Xinhua reports. During this period, the province will focus on building five road transport hubs at Guiyang, Zuiyang, Liupanshui, Duyun and Bijie and two waterways conne...
ISRAELI flag carrier Zim Line has settled the dispute with China Shipping Container Lines (CSCL) relating to a slot charter agreement, reported Israeli online publication Shipper.co.il. CSCL claimed that Zim had not paid US$151 million for slot charters in 2008 on the Asia-Europe AEX1 loop. But Zim said only a small part was owing, according to London's ...
CHILEAN carrier CCNI has posted a 2010 full-year net profit of US$47 million, marking a big turnaround after a net loss of $42 million in 2009 that prompted financial restructuring last year. Revenue generated through its core container shipping business, as well as the car carrier and break bulk divisions rose 35 per cent year on year to $823 million. ...
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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