Mediterranean Shipping Co. will next month increase its bunker adjustment factor by $75 per TEU for U.S. imports from Italy, Spain, southern France and Portugal. Effective April 15, boxes arriving at U.S East Coast ports from those European countries will pay a BAF of $600 per TEU, and $1,200 per FEU. MSC's BAF for West Coast imports will rise to $660...
Lonrho Plc has upped its stake in SA Independent Liner Services Pty Ltd. (SAILS) by 15.7 percent for $8.96 million. The company's shareholding in the Europe/South and West Africa container line is now 66.7 percent. Since Lonrho's first investment in SAILS in July 2007, SAILS' fleet has grown from two to six vessels in service. SAILS provides e...
To further develop the East China to Taiwan market, COSCON will adjust East China/ Taiwan Service and to launch new Ningbo/ Zhangjiagang/ Lianyungang/ Taiwan service (CTW8). The new CTW8 service will start from MV DA QING HE 674S/N ETD Ningbo April 4, 2008. After the adjustment, COSCON Taiwan Service will be increased to four loops. The port rotation of C...
As part of Odfjell's continued fleet renewal process, two older ships have been sold, whilst we earlier this month took delivery of the 33,707 fully stainless steel newbuilding M/T Bow Heron on long term time-charter. Our 50% owned parcel tanker M/T Bow Condor (27,950 dwt/built 1978) has been sold for demolition. The Bow Condor was built in Szczecin, ...
Michael Frenzel, chief executive officer of TUI AG, said Tuesday that the end of the group's two-pillar shipping and tourism business strategy was decided upon after intensive discussions with company investors, and that he favors an outright sale of container line Hapag-Lloyd over other options. The dialogue with all our shareholders, including our c...
The suspended Bay Area pilot of the COSCO Busan, which struck a San Francisco bridge in November and emptied 58,000 gallon of diesel fuel that fouled numerous beaches and killed thousands of birds, was formally charged Monday with misdemeanor violations of federal clean water and bird protection laws. The U.S. Justice Department charged Capt. John Cot...
CMA CGM (America) LLC said today Gregg Gendron has been named director, credit and collections. Gregg will be responsible for overseeing credit, collections, litigation and accounts receivable activities within the finance department. Gregg joined CMA CGM from Schenker Inc., where he held the position of credit and collections manager. He has held...
Zelenodolsky yard plans to deliver a tanker At the end of March 2008 Zelenodolsky ship yard plans to deliver a tanker of 12 thousand tons deadweight, the company announced. The tanker is to transport oil and mazut. Technical data: the length – 149.35 m, the breadth – 17.3 m, the hull height – 10.1 m, the draught – 7 m, the speed - 10 knots...
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