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DANISH transport giant AP Moller-Maersk Group has posted a 2010 profit of US$5 billion, erasing a $1.31 billion 2009 loss, which was its first since World War II. "Container activities delivered a profit of $2.6 billion for 2010," said a company statement, adding that it was a "dramatic improvement" over 2009 and even bested the $205 million profit made ...
Zim Line ranks 7th among the top 20 carriers in Drewry’s latest Schedule Reliability Survey. As per Drewry’s first quarter of 2011 ‘Schedule Reliability Insight’ survey, Zim is in 7th place among the top 20 carriers in terms of schedule reliability, marking another rank improvement for the company. Last quarter, it was ranked 10th,...
Mærsk Line has signed a contract with South Korea’s Daewoo Shipbuilding & Marine Engineering confirming all predictions that it was to build ten 18,000 teu ships, with an option for an additional 20 vessels. Each vessel will cost US$190m, initially taking the total contract order to US$1.9bn, rising to US$5.7bn if all 30 ships are built. ...
A recent survey conducted by the European Shippers' Council (ESC) has found that while most shippers are happy with the service they receive from their air freight forwarders and logistics services providers, a "sizeable" majority feel that the industry could do more. "Among the areas for improvement indicated by the shippers surveyed was the need to be...
ATLAS Air Worldwide Holdings (AAWW), a global provider of aircraft and operating services, has posted full-year 2010 adjusted net profit of US$150 million, an increase of 102 per cent, on revenues of $1.34 billion. Adjusted net income for the fourth quarter ended December 31, rose by 23 per cent year on year to $41.4 million, on revenues of $359.7 million...
MAERSK Drilling, a member of the AP Moller-Maersk Group, has ordered two ultra harsh, high capacity jack-up drilling rigs from Keppel FELS in Singapore. The first rig is scheduled for delivery at the end of 2013, with the second rig following seven months later. The total cost for the two rigs is US$1.2 billion. This includes turnkey contract with the yar...
COSCO and Hanjin have announced they will jointly launch a new Far East-US west coast service, the "Central China-Long Beach Express" (CLX), from May 1, reported the latest Alphaliner newsletter. Deploying five 4,400 TEU containerships to relaunch a direct connection between Fuzhou and the US west coast, the CLX will link Fuzhou, Shanghai (Yangshan) and N...
CHILE's Compania Sud Americana de Vapores (CSAV) and China Shipping Container Line (CSCL) have joined in providing all-water Far East-US east coast service via Panama, deploying nine ships in the 4,200-TEU range. CSCL ships will supply the AMEX 2 loop while the old AMEX string will be operated by CSAV vessels with the first CSAV sailing scheduled for Mar...
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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