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The Port of Singapore Authority reported a 12% increase in February to 2.18 mn TEU against February 2007's throughput of 2.1 mn TEU. According to ShedNet, in January-February Singapore handled 4.63 mn TEU, a year-on-year gain of 12% from 4.14 mn TEU. Source: Seanews
Following TUI management’s decision to separate the container shipping business in a U-turn on its previous strategy, the sale of Hapag-Lloyd seems to be the most likely option at the moment, Lloyd’s List reports. According to chief executive Michael Frenzel, three possible options will be examined – spin-off, merger with another shipping company or s...
China Shipping Container Lines is suspending its Asia/Mediterranean AMX1 service as a consequence of the downturn in Chinese exports after the Lunar New Year holiday and snowstorms. A spokesman for the company told Shippers' NewsWire the Shanghai-based carrier is picking up some of the Med ports on the AMX1 by diverting some ships sailing between the ...
Frontline Ltd. announces that it has filed a Schedule 13 D with the United States Securities and Exchange Commission reporting that the Company and companies indirectly controlled by Mr. John Fredriksen as of March 10, 2008 together held an aggregate of 1,628,300 shares in Overseas Shipholding Group, Inc. (OSG), corresponding to 5.2% ownership. In ad...
Wartsila and Jiangsu Rongsheng Heavy Industries Group Co Ltd (RSHI) have jointly signed a licence agreement for the manufacture and sale of Wartsila low-speed marine diesel engines by RSHI in China. RSHI plans to build a new factory for the manufacture of low-speed engines in Hefei, Anhui Province, China. The factory will have a targeted annual produ...
Maersk Line will further reduce its U.S. footprint in mid-August by withdrawing from the U.S. East Coast/East Coast of South America trade. The Danish carrier said Wednesday it will cease its slot charter agreement with Hamburg S on a service marketed by Maersk as NASA, effective Aug. 17. The decision has been made based on the unprofitable cargo ...
The European Liner Affairs Association has grown with the addition of Singapore-based Pacific International Lines, Taiwan's Wan Hai Lines and niche transatlantic operator Independent Container Line, located in Richmond, Va., as full members. The Brussels-based liner carrier representative briefly had its numbers reduced when another relatively small t...
Like it or not more and more of regulations that affect the shipping industry emanate from the halls of regional, national or local government, said Robert D. Somerville, chairman and chief executive officer of the American Bureau of Shipping. Our traditional focus has been on the collaborative efforts between industry and governments at the Internati...
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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