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Member lines of the ESPMC-WITASS conference, covering the Europe/Caribbean/South America trade, will next month increase their congestion surcharges for the Port of Spain in Trinidad and the Port of Callao in Peru. Effective March 15, the surcharge for Callao will rise to $192/131 euros per TEU, from $92/65 euros. On the same date, the surcharge at the...
DHL Express USA said it plans to reduce its U.S. workforce by about 600 positions, through reduction, attrition and suspension of some open jobs. The company said the decision was part of a broader strategy to lower general and administrative costs across its U.S. Express delivery business in light of the current economic climate and market demands. ...
SeaFreight Agencies USA has named Ana Diaz and Danny Vargas as vice presidents of sales and marketing. SeaFreight said they will be jointly responsible for the overall management of sales and marketing of SeaFreight container services between the carrier's Florida ports and the Caribbean, the North Coast of South America, and Panama. Diaz has been w...
Maersk Line is reorganizing customer service, as well as its sales management and support staff functions in North America as part of its global streamLINE restructuring strategy plan announced in January. The Danish carrier will close several offices while expanding and opening others, shifting several hundred positions in the process. The company ...
The Trans-Atlantic Conference Agreement announced that based on its monitoring of fuel prices, its bunker adjustment factor will remain unchanged through at least April 15. The BAF for Atlantic and Gulf ports is $607 per 20-foot container, $1,214 per 40 or 45-foot container and $61 per weight/measurement ton. The BAF for Pacific ports is $911 per 20-fo...
London-based Marine Capital Ltd. on Monday launched the United Kingdom's first major investment vehicle for the global shipping sector. Eclipse Shipping Ltd. aims to build a portfolio of directly held shipping assets operating as a private, closed-end fund with an onshore operating structure within the U.K. Tonnage Tax regime. The managers have targete...
Evergreen Line said it has not yet decided whether to add the next generation of ultra-large container ships to its fleet. Reports suggest the Taiwanese carrier is on the verge of completing a deal with Greece's Niki Group to charter eight 12,400-TEU boxships from 2011. However, Evergreen Group Chairman and founder Chang Yung-fa only late last year ...
A strong performance from its container-shipping unit APL enabled Singapore-based Neptune Orient Lines to post a 44 percent jump in net income for 2007 to $523 million, up from $364 million in 2006. NOL's annual core earnings before interest and tax (Core EBIT) jumped 53 percent to $613 million, compared to $401 million in 2006. Revenue for the year 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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