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Miami-based Bernuth Lines said it is scaling back its planned bunker fuel surcharge increase, effective Feb. 17, to $30 per TEU, from $48. The increase to $48 per TEU was originally announced Jan. 16. due to the expected downward trend in the price of fuel, we have decided to reduce the bunker surcharge increase to $30 per TEU,Bernuth said. The surc...
The U.S. Federal Maritime Commission is requesting an increase in funding of nearly $1.9 million to about $23.95 million in fiscal year 2009. The agency, which has 130 full-time employees, and one part-timer, said in its Congressional budget submission that $13.9 million will be used for salaries and another $3.2 million for benefits. In its budget ...
Mumbai International Airport Pvt. Ltd. (MIAL) and SITA today signed an agreement which will aid in the on-going transformation of Chhatrapati Shivaji International Airport (CSIA), Mumbai, into one of the world's most modern airports capable of operating both CUSS (Common Use Self Service) kiosks and CUTE (Common Use Terminal Equipment) check-in systems. ...
Mitsui O.S. K. Lines, Ltd. announced the establishment of a new agency called Trans Russia Agency Japan Co., Ltd., in a joint venture with the Far Eastern Shipping Company (FESCO, headquarters: Vladivostok, Russia) and Azuma Shipping Co., Ltd. (Headquarters: Tokyo). The new agency was established by consolidating MOL's wholly owned agency Navix Transp...
Hub Group said it had record profit of $18 million in the fourth quarter of 2007, a 33 percent increase over the $13.5 million it earned in the same 2006 period. Revenue was $445.5 million in the quarter about 5 percent higher than the $425.5 million in the same 2006 period. Given the current economic environment we are pleased with our operating re...
Maersk Line will change the tariff currency from U.S. dollars to euros on shipments from Europe and North Africa to Australia, New Zealand and the South Pacific Islands, effective April 1. The change is due to the volatility of the U.S. dollar at a time where an increasingly high proportion of the line's costs are settled in euros, the Danish carrier s...
Hapag-Lloyd said Friday it will partner with Mediterranean Shipping Co. to double the frequency of its offering between ports in North Europe, Greece and Turkey. The German carrier will from the start of next week operate two weekly European Express Services -- EEX 1 and EEX2 -- that will serve the ports of Izmir and Piraeus twice a week. Istanbul, The...
Japanese shipping companies Mitsui O.S. K. Lines (MOL) and Azuma Shipping have partnered with Russia's Far Eastern Shipping Co. (FESCO) to establish a joint venture agency to service the Japan/Russia route. The new venture, Trans Russia Agency Japan Co. Ltd., will start operations on March 1, and was created after the consolidation of MOL's wholly owne...
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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