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Maersk Line will from later this month drop calls at Tanjung Pelepas in Malaysia on the Asia/Europe AE7 service that uses the Danish carrier's flagship Emma Maersk series of containerships. The last westbound call at the port will be made by Emma Maersk on March 20. The final eastbound voyage will be made by Evelyn Maersk when it departs on April 17. ...
Daewoo Shipbuilding & Marine Engineering Co., the world’s third-largest shipbuilder, said its net income soared nearly five-fold in January from a year earlier thanks to the construction of high-priced ships. Net income came to 19.1 billion won ($20 million) during the month, compared with 3.9 billion won in January 2007, Daewoo Shipbuilding & Marine...
Yrj Julin has left Aker Yards after just eight months as chief executive officer of Europe's largest shipbuilder, following the Norwegian company's worst ever fourth quarter. Julin Aker posted a net loss of 323 million krone ($59 million) in the fourth quarter, compared to a profit of 486 million krone in the same period in 2006. Quarterly reven...
The U.S. Coast Guard said it will impose conditions of entry on vessels arriving from Syria, because ports there are not maintaining effective antiterrorism measures. The conditions are effective March 20, the agency said in a notice published in the Wednesday's Federal Register. While in Syria vessels must implement measures per the ship's securi...
A federal appeals court has ordered further court proceedings in the litigation growing out of a spectacular explosion and fire that destroyed the containership DG Harmony off the coast of Brazil in 1998. On Monday, the U.S. Second Circuit Court of Appeals in New York affirmed a district court judge's factual finding in October 2005 that a chemical ma...
An arbitration tribunal agreed with the United States that Canada violated the Softwood Lumber Agreement by failing to properly adjust the quota volumes of Canada's eastern provinces in the first six months of 2007 to account for rapidly changing market conditions. But the tribunal also found the western provinces exempt. The SLA took effect on Oc...
Neptune Orient Lines, parent company of container carrier APL, said Monday it carried the equivalent of 289,400 40-foot containers (FEUs) in the six-week period ending Feb. 8, up 17 percent from the year earlier six-week period. Rates were also higher, an average of $2,989 per FEU, also 17 percent higher than the average of last year. The period's...
TUI Chief Executive Michael Frenzel's plan to merge container shipping subsidiary Hapag-Lloyd within the holding company is close to being shelved due to shareholder unrest, according to Reuters. The report said Norwegian billionaire John Fredriksen, who owns 5 percent of TUI, is opposed to the merger plan and is close to getting enough allies to reac...
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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