Finnish shipping company Containerships Ltd will start a weekly containers service between Helsinki and Ghent in October. From Helsinki the service continues to St. Petersburg. Container terminal operations in Ghent are offered by Container Finance Ltd as a joint venture with Manuport. In Helsinki the harbour operator will be Multi-Link Terminals Ltd,...
The 2007 profit of Ostas Flote Ltd. (OF, Latvia) reached LVL 424,700, or almost 2.4 times less when compared to 2006, said Sergei Odintsov, Member of Ostas Flote board. The company’s profit could have amounted to a record-breaking LVL 1,4 million, however, OF had to put aside around USD 2 million as security against a loan of approximately USD 2 million t...
Port of Vancouver, Washington officials approved a lease with Alcoa Inc. Thursday in a precursor move to the port's outright purchase of the 107-acre property. Under terms of the lease, the Vancouver port will pay $1 per month and 4 cents per square foot for any land used, which is limited under the deal to the long-dormant facility抯 berth and waterfr...
The European Commission on Friday said it has cleared A.P. Moller - Maersk's 30 percent acquisition of Eurogate's JadeWeserPort container terminal in Wilhelmshaven, Germany due to start operations in 2011. Denmark's A.P. Moller - Maersk was not a party to the original concession agreement but will assume, under the joint venture, joint liability for t...
The Singapore National Shippers' Council (SNSC) highlighted the role it could play in fostering closer collaboration on critical issues like maritime industry regulatory reform at its 35th annual general meeting last Friday. These collaborative efforts will become especially important later this year in the light of impending major changes in the regu...
The Far Eastern Freight Conference has revised upwards its members westbound Asia-to-Europe/Mediterranean volumes for the first four months of 2008 after two major lines revised their April figures and other minor adjustments for the first quarter. As a consequence, the FEFC's westbound volumes after four month were 3.19 million TEUs, instead of the 3...
CMA CGM will next month introduce the Port of Dunkirk in its native France on to its Asia/Europe French Asia Line 3 (FAL3). The vessel CMA CGM Carmen will Aug. 5 make the first call in Dunkirk at the NFTI container terminal, in which Terminal Link, the handling subsidiary of CMA CGM, is a major shareholder. The service uses nine ships of 6,500 TEU...
Horizon Lines Inc. has named Jacob M. Wegrzyn senior vice president and general manager of its Puerto Rico services division. Wegrzyn will have primary responsibility for operational, sales and strategic activities related to the Puerto Rico market. He joins Horizon Lines with more than 18 years experience in the transportation and distribution indust...
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