Media
Media
DAMCO, the stand-alone logistics unit of AP Moller-Maersk, has confirmed that two finance directors of Damco UK and Ireland, Aron Newton and Shaun McLean, have quit over disagreements on the 2010 financial report, reports London's International Freighting Weekly. Damco's CEO for Europe Kim Sorensen said replacements would be announced in the following w...
FORWARDERS have won a round against airlines in liability cases after the US Ninth Circuit Court of Appeal ruled that air forwarders will have rights to indemnity against airlines in whose custody the cargo suffered damage, reported the Maritime Advocate. The case concerns a suit brought against UPS Supply Chain Solutions (UPS-SCS) by an insurer trying to...
THE US Federal Aviation Administration (FAA) is investigating recent runway incursions at Denver International Airport after one aircraft taxied into an active take-off and landing runway and airport vehicles blundered into the path of aircraft. Airport manager Kim Day has asked the FAA to help conduct "a candid, systemic evaluation of all our airfield sa...
HONG KONG's Cathay Pacific said it welcomes the Hong Kong Government's budget strategy to invest heavily in infrastructure, optimise the business environment and enhance competitiveness in trading, logistics, financial and professional services as well as tourism. The airline said it was heartened by Financial Secretary John Tsang's acknowledgement tha...
THE bi-state plan to build a new container terminal in Jasper County, on the South Carolina side of the Savannah River, has come unstuck as South Carolina State Ports Authority chairman Bill Stern bows out and his erstwhile Georgia partners cry foul. Georgia officials said South Carolina was trying to scuttle plans to deepen Savannah's harbour and river ...
HAMBURG Sud has held a naming ceremony for the 7,100-TEU newbuilding, the Santa Isabel, in Singapore as part of a customer event. She is the second ship in a series of 10 identical box ships. These vessels will be the largest built so far for the carrier, and each is fitted with 1,600 reefer plugs. Built at the Daewoo Shipbuilding & Marine Engineer...
THE Rickmers Group has announced the naming of two more 13,100-TEU ships at Hyundai Heavy Industries shipyard in Ulsan, South Korea. The newbuildings, the Leo Rickmers and Scorpio Rickmers, will come into service for their charterer Maersk Line, which will rename the vessels, the Maersk Edmonton and the Maersk Elba. They are part of a series of eight ...
MAERSK's terminal operator, APM Terminals, year-on-year profit increased 60 per cent to US$793 million against $494 million earnings posted in 2009, drawn on revenues of $4.3 billion with no growth from one year to the next. The profit gain was attributed to the sale for $423 million of its stake in China's Yantian terminal, opposite Dalian on the other...
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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