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Igal Dafni on March 14 resigned as director and chief executive officer of Cheng Lie Navigation, amid a legal dispute with his former employers Gold Star Line, owned by Israeli carrier Zim, over alleged improper payments to shipping agents. Dafni joined Taiwan-based CNC Line when it was acquired in April 2007 by French carrier CMA CGM. Danny Wang,...
Lucas Vos has taken over from Soren Laungaard as Maersk Line's chief process officer with a seat on the management board. The Danish company said Laungaard left at the end of March but declined to comment on the reason for his departure. Vos, a Dutch national, started his container-shipping career in 1993 with Royal Nedlloyd. He joined Maersk afte...
American Commercial Lines Inc., one of the country's largest barge operators and builders, warned that first quarter earnings will be weaker than analysts anticipated. At the same time, the company said Jerry R. Linzey, senior vice president and chief operating officer, was resigning effective immediately. Linzey will continue to serve as an employee ...
Icelandic carrier Eimskip is reducing the round voyage time on its Reykjavik/North America service by ceasing double calls at the Port of Halifax in Canada. The change will lead to an increase in productivity and speed up the transport, Eimskip said in a statement. The America-route string will now have a round voyage of 24 days instead of 28 days...
The U.S. Justice Department said PACCSHIP, operator and manager of about 10 ships that regularly carry goods between Asia and U.S. ports, pleaded guilty and was sentenced to pay a $1.7 million fine for improperly transferring and discharging oil-contaminated waste from two of its ships. The pleading was announced by Ronald J. Tenpas, assistant attorne...
Delmas is dropping calls at Conakry and Abidjan southbound on its North Europe/West Africa roll-on/roll-off and container Express service. The con-ro vessel Rosa Delmas will April 28 in Hamburg start the new port rotation of Hamburg, Antwerp, Felixstowe, Cotonou, Tin Can Island, Lagos/Apapa, Abidjan, San Pedro and back to Hamburg. Delmas is owned ...
Jones Act carrier Horizon Lines Inc. has entered into an interest-rate swap with Charlotte-N.C., based Wachovia Corp. that effectively converts $122 million of the ocean carrier's existing floating-rate term loan debt to a fixed rate of 4.52 percent. The deal allows Horizon to pay a fixed rate interest to Wachovia and receive back floating rate intere...
Maersk Line has swapped the order it calls at the ports of Rotterdam and Antwerp on its weekly Europe/South America L-Class service. The Copenhagen, Denmark carrier said the change would improve service reliability by providing more buffer in the schedule. The L-Class service uses five 3,700-TEU ships and has a revised itinerary of Algeciras, An...
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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