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Finnish shipping company Containerships has today switched its Polish calls to the new DCT Gdansk deepwater container terminal. Initially, two weekly Containerships services will make the move, one linking Gdansk with St. Petersburg in Russia and ports in Sweden and Finland, and another connecting Gdansk with Teesport in the United Kingdom. Contain...
Net income at Hanjin Shipping, South Korea's largest shipping company, dropped 66.4 percent to 145.7 billion won ($154.5 million) in 2007, compared to 460.4 billion won in 2006. Hanjin's 2006 result was boosted by the sale of 40 percent of its terminal assets, covering Taiwan, Japan and the United States, to Australia's Macquarie Bank for about $870 mi...
Tokyo-based shipping company Mitsui O.S.K. Lines today reported a 66 percent jump in net income after nine months of its 2007 fiscal year. MOL's net income after three quarters ended Dec. 31 increased to Yen 146 billion ($1.3 billion), compared to Yen 88 billion in the prior fiscal year. The Japanese company's operating income gained 83 percent to Y...
OOCL will open its own office in Cambodia Friday when agreements with its liner agent, Indo Orient Services (Cambodia) Pte Ltd., and its logistics agent, RAF International Forwarding (Cambodia), will expire. S.C. Chan, OOCL's managing director of the Straits and South West Asia region, said the new office in Phnom Penh will "enhance our strength in lin...
American Roll-On Roll-Off Carrier LLC (ARC) said it will transfer two ships it operates between the United States and Europe to the U.S./Middle East trade, while retiring another ship, creating additional capacity and increased frequency of service. The Park Ridge, N.J.-based carrier said two U.S.-flag ro/ro ships, the Freedom and Liberty, will join si...
Hyderabad, India-based Four Soft said Wednesday it has contracted to provide shipping software to Samudera Shipping Line, a Singapore-based carrier. Samudera, which operates container services in the Middle East, Indian Subcontinent, South and West Africa, Southeast Asia, Indo-China and the Far East, will use Four Soft's iShipping package to integrate ...
Neptune Orient Lines said its container liner shipping subsidiary APL transported higher volumes of freight at higher rates in 2007. The Singapore company said that for the six weeks from Nov. 17 to Dec. 28 line volumes were 577,200 TEUs, up 18 percent over the same period the prior year. Average revenue was $5,690 per TEU. For the full year, the co...
Japanese shipping giant NYK Line has raised its fiscal year forecast after nearly doubling its net profit in the nine months ended Dec. 31 to Yen 93.15 billion ($816 million), compared to Yen 48.66 billion in the same period a year previously. NYK's operating income after three quarters jumped 93 percent to Yen 148.6 billion ($1.3 billion) while revenu...
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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