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The U.S. Supreme Court heard oral arguments Wednesday on ExxonMobil's appeal of a record $2.5 billion punitive damages award against the company to victims of the Exxon Valdez oil spill in 1989. Exxon, in its brief, argued that punitive damages are exceedingly rare in maritime law and that one rule of maritime-law punitive damages has always been clea...
The value of ocean trade through China grew 21.1 percent in 2007 to $46.8 billion, according to statistics released Tuesday at a conference in the country's Hunan province. In terms of volume, no country comes close to matching China's prowess as a cargo-handling nation. China's shipbuilding industry grew healthily as well, at a 17.6 percent clip ...
The Federal Maritime Commission will consider the impact caused by the end of liner conferences in Europe as part of its program objectives for fiscal years 2008 and 2009. Liner conferences will be banned from all European trades with the repeal on Oct. 18 of EC Regulation 4056/86, which permitted a block exemption to set common freight rates and coop...
Mediterranean Shipping Co. (USA) Inc. said it will begin a weekly direct service from Port Everglades to Puerto Santo Tomas De Castilla in Guatemala, Puerto Cortes in Honduras, and Puerto Limon in Costa Rica. The new service will commence mid-March utilizing two MSC vessels. This new service will give MSC shippers even more capacity and service fr...
Dubai registered Emirates Shipping Line is planning to double its container capacity within the next two years to capitalize on 30 percent business growth since starting operations in 2006, said Senior Vice-President Mohamed El Alfy in an interview with Emirates Business. Emirates ranks 37th in the world in terms of fleet capacity, operating 12 charte...
China's largest steelmaker, Baosteel, has formed a joint venture with the China Shipping Group to provide Baosteel with ships for iron ore imports. The joint venture will help Baosteel to control shipping costs and help China Shipping to increase market share, said Li Shaode, president of China Shipping, in a story in People's Daily, the newspaper of ...
Chinese carrier Sinotrans Container Lines (Sinolines) has left the transpacific trade and temporarily closed its exclusive North American agency in Long Beach. The carrier had been a participant since mid-November on compatriot COSCO Container Lines' weekly Central China-Long Beach Express (CLX), which COSCO's latest schedule describes as being "on hi...
The Federal Maritime Commission will consider the impact caused by the end of liner conferences in Europe as part of its program objectives for fiscal years 2008 and 2009. Liner conferences will be banned from all European trades with the repeal on Oct. 18 of EC Regulation 4056/86, which permitted a block exemption to set common freight rates and coop...
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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