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Media
Dutch company Matrans, headed by Hans Vervat, has in the last few weeks acquired a further 15 percent of Rotterdam-based Europe West Indies Lines (EWL) from management. Vervat has been gradually increasing his share of EWL since October and his latest purchase increases his stake to 85 percent. Irish fruit trader Fyffes International holds the remaini...
Trailer Bridge Inc., a tug barge carrier that specializes in the U.S./Puerto Rico trade, said it had a fourth quarter loss of $67,334, compared to a profit of nearly $8.9 million in the prior year period. Fourth quarter revenue was $31.5 million compared to $31.1 million for the year-earlier quarter. The company said fourth quarter results were ne...
Israel Corp. said today it is examining an initial share offering of Zim Integrated Shipping Services Ltd. on the Hong Kong or Tel Aviv stock exchanges. Zim's parent company issued a statement this morning to the Tel Aviv Stock Exchange saying no decisions have been made regarding the timing, location and size of an offering, which will also be ...
Wilh. Wilhelmsen of Norway and Wallenius Lines of Sweden are ordering eight new large car and truck carriers -- four from Hyundai Heavy Industries and four from Daewoo Shipbuilding & Marine Engineering. The ships, 228 meters long, will have a carrying capacity for 8,000 units and will be deployed in the global services of their joint venture Wallenius...
Online cargo booking portal INTTRA said Sunday it has seen a tripling of container volumes through India booked through its Web site. New Jersey-based INTTRA said that as a result of the booming business, it has added five staff members to the previous two at its expanded Mumbai office. INTTRA Vice President, Commercial John DeBenedett...
A Panamanian-flagged cargo vessel carrying steel bundles from Russia to Turkey went missing in the Black Sea last week, officials in India's shipping industry confirmed over the weekend. The vessel, manned by 25 Indian crewmembers, lost radio contact Feb. 18. Despite search efforts by Turkish authorities, the vessel has not been found, with only a lif...
A.P. Moller Singapore on Feb. 18 received the third in a series of 9,000-TEU A-Type container vessels ordered from Korean shipyard Samsung Heavy Industries. The Maersk Alfirk is 323 meters (1,059 feet) in length with a beam of 45.6 meters (149.6 feet) and a depth of 22.8 meters (74.8 feet). The vessel is fitted with a Wartsila NSD 12RT-FLEX96C eng...
The Chubb Group of Insurance Cos. said it will begin writing international hull insurance. Chubb has been insuring ocean cargo since our founding in 1882 along New York City's seaport. Our expansion into hull insurance rounds out our marine portfolio at a time when world trade is booming. We can now bring a full complement of marine products to the in...
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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