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The two owners of the joint-venture Star Shipping, Westfal Larsen’s Masterbulk and Griger Group, has agreed on dividing the company into two new entities. The decision is taken in a strong market and after years of different views on the future strategy for Star Shipping that operates 40 open hatch bulk carriers, mainly involved on forest product transpor...
ACM Shipping Group Plc., a leading international tanker broker, is pleased to announce that it has entered into an agreement to acquire the shipbroking business of Harris & Dixon Shipbrokers Limited (Harris & Dixon). The total consideration payable will be £2.5 million in cash, which will be funded from the Group's existing cash resources and a credit agr...
GreenCarrier International, the logistics arm of the Gothenburg-based Björk.Eklund Group, has further strengthened its position in the Nordic region with the acquisition of the independent IATA approved Finnish forwarding company Oy FCS Logistics Ltd. Founded in 1995, Oy FCS offers international air and sea container transport services and has a globa...
Orient Overseas Container Line will combine two existing Southeast Asia feeder services, Jakarta (JKT2) and Penang (PEN), to create a weekly Indonesia Malaysia Service (IMS), starting July 3. The Hong Kong-based carrier said IMS will use two 600-TEU vessels on a rotation of Singapore, Merak, Jakarta, Singapore, Port Kelang, Singapore, Penang and Singa...
TBS International Ltd. said it has entered into an agreement to acquire the Ken Blossom, a 38,852-deadweight-ton, 1992 built handymax bulk carrier. TBS has agreed to acquire the vessel for a purchase price of $44 million charter free with expected delivery during the third quarter. Following this acquisition, TBS's fleet will comprise 46 vessels w...
CMA CGM subsidiaries ANL and U.S. Lines (USL) are set to join the U.S. West Coast/Australasia Oceania Vessel Sharing Agreement of Hamburg S, Hapag-Lloyd and Maersk Line. ud Pending regulatory approval, the two CMA CGM companies will in August integrate their joint ANZL/AUS2 service within the Oceania VSA operations. Soon after acquiring USL in Dec...
A.P. Moller - Maersk has ordered 18 4,500-TEU containerships from South Korea's Hyundai Heavy Industries for delivery in 2011 and 2012. The Copenhagen, Denmark-based group declined to give dimensions of the ships or the total value of the order, but did say it plans to deploy the vessels in the trades to and from Sub-Saharan Africa. To aid fuel ef...
Less than two weeks after expressing frustration over predictions that Customs and Border Protection may not meet a 2012 deadline for screening all containerized cargo for radiological and nuclear weapons, Sen. Frank Lautenberg and the other three New York-New Jersey colleagues introduced legislation that would require cargo be monitored from the moment i...
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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