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China COSCO Holdings Co. Ltd., the listed arm of the COSCO Group and owners of COSCO Container Lines, said Monday its first half 2008 net profit increased by more than 90 percent year on year, based on unaudited preliminary information. The company's first half 2007 profit was RMB 968.7 million ($128 million), which was down 8 percent over the corresp...
Member Lines of the FEFC have been monitoring the port situation at Vietnam and are very concerned with the increased congestion experienced there. This has resulted in increased costs and Lines are no longer able to fully bear the extra costs of serving the Vietnam ports. It is therefore their intention to implement a Port Congestion Surcharge ...
Aker Yards Germany delivered a container ship of the type Aker CS 1700 which fulfils the latest international requirements. This is the second out of two vessels of this type ordered by the Hamburg (Germany) based Carsten Rehder Schiffsmakler und Reederei GmbH & Co. Yard number 155 was named BARENTS STRAIT by Brigitte Offergeld-Rehder, spouse of Thomas Re...
OOCL is pleased to announce a new feeder service between Haiphong in north Vietnam and Kaohsiung in Taiwan. The new service is called the Haiphong Kaohsiung Feeder (HPH) and will be launched on July 9, 2008 from Haiphong. The new service, comprising one 400 TEU vessel of loadable capacity, will be OOCL’s first dedicated service calling Haiphong, and ...
The U.S. Maritime Administration has appointed Lauren K. Brand to head its new South Atlantic gateway office in Miami. Prior to this appointment, Brand served as senior director of business development for the Canaveral Port Authority in Florida. The South Atlantic gateway office is one of 10 offices in major port cities throughout the country d...
W.H. Huang, chairman of the Taiwanese Yang Ming Group, was today awarded the Commandeur Decoration from Belgium for achievements in international shipping and contributions in the fields of global economy, culture, art and science. The honor was given at a ceremony held at the Yang Ming Oceanic Culture and Arts Museum in Keelung. Huang joined Yang...
The U.S. Maritime Administration announced that the last World War II-era Liberty vessel in the National Defense Reserve Fleet is destined for Greece to become a museum. The Arthur M. Huddell is scheduled to be towed from the James River Reserve Fleet site on July 8 to the W3 Marine facility in Norfolk, Va. for final preparations. The Huddell's de...
Thomas Held's shock resignation after 20 months as chief executive of Singapore' NOL Group will have little impact on the company's operations and could signal the end of the widely reported merger with German container line Hapag-Lloyd, according to JPMorgan, an international financial advisor. A report by JPMorgan's Asia Pacific Equity Research divi...
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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