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The 15th Annual International Maritime Hall of Fame will honor six leaders from the shipping industry at a reception and dinner at the United Nations in New York on May 14. The honorees are: Adolf Adrion, chief executive officer, Hapag-Lloyd AG. James A. Capo, chairman and CEO, U.S. Maritime Alliance Ltd. C.C. Chen, chairman, Wan Hai Lines...
Shipping lines that carry U.S. import cargo from Asia said they are experiencing early success with cost recovery efforts. The Transpacific Stabilization Agreement, which represents 15 major Asia/U.S. container lines, said costs continue to dominate early discussions toward upcoming 2008-2009 service contracts, which come up for renewal on May 1. ...
The U.S. Navy said a cargo ship under charter to the Military Sealift Command that was preparing to transit the Suez Canal Monday night fired warning shots at a small boat approaching the vessel, following multiple warnings to turn away. The Associated Press reports that one man was killed and two others were wounded in the incident. But Lt. Nathan Ch...
A Maryland company that the U.S. Environmental Protection Agency said last week plans to improperly scrap the former passenger liner Independence overseas, said all approvals and permissions required for the vessel to depart USA were duly obtained prior to the sailing of the vessel. The administrative complaint was filed by the EPA because it alleges ...
The U.S. Maritime Administration said a ship from the Beaumont Reserve Fleet in Texas sold for scrap brought more than $1 million. MarAd said it was the first time under the program that a ship has brought such a price. International Shipbreaking Ltd., in Brownsville, Texas, will pay $1.15 million for the ship Adonis, and $173,297 for an additiona...
Maersk Line has appointed a 33-year veteran of the container industry to head its New Zealand operations. He is Julian Michael Bevis, who for the past two years headed Maersk's Indian Line and Operations business. Mr Bevis previously held a number of senior management positions with P&O Nedlloyd, which was acquired by Maersk in 2005, Maersk said on ...
SEOUL, Mar 26, 2008 (Thomson Financial via COMTEX) -- KOOKF | news | PowerRating | PR Charts -- The process of selling Daewoo Shipbuilding & Marine Engineering, the world's third-largest shipbuilder, is set to begin soon, its largest shareholder Korea Development Bank said Wednesday. As an initial step, the KDB will pick a deal arranger in an open bid...
(NEW YORK) Marathon Acquisition Corp, a New York- based takeover company, agreed to buy 66 per cent of containership owner Global Ship Lease Inc in a transaction the companies valued at about US$1 billion. Global Ship Lease's current owners, CMA CGM SA, will retain the remainder of the company's shares, Marathon said on Monday in a statement. The ...
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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