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Media
Hamburg Sud said today that it has inked the long-anticipated deal to buy Italian rival Costa Container Lines (CCL) from GF Group. The purchase price was not disclosed, and company officials were not immediately available for comment. The buy allows the German container liner company to add to its Europe-South America lines, while at the same time picking...
The Sri Lankan government has decided to grant local ship owners tax relief by exempting them from a three per cent port levy, in an effort to encourage them to register vessels under the domestic flag. The decision was announced in parliament today by president Mahinda Rajapakse, who is also finance minister, when he presented the government budget for 2...
Aristotle Onassis would not have been eligible but the fortune the Golden Greek amassed is to fund a new award for academics in the shipping, trade and finance sector. The aim is to turn the new Onassis prize and the $250,000 award that goes with it into something comparable to the Nobel prize for economics for those labouring in the scholastic backwater...
SINOTRANS Shipping Ltd may raise as much as HK$11.45 billion (US$1.5 billion) in a Hong Kong initial public offering that has drawn United States hedge fund Citadel Investment Group LLC, said three people familiar with the sale. The dry-bulk shipping company plans to offer investors 1.4 billion new shares at HK$7.18 to HK$8.18 each, said the people, who d...
Shares in Europe’s largest shipbuilder, Aker Yards ASA, increased by more than 21 percent to 87.75 crowns on the Oslo stock exchange after South Korea industrial group STX Corp. acquired a controlling stake in Norway’s Aker Yards for an 800 million Euro stake. This move will expand into the more lucrative cruise line business, Norway Post reported. “The s...
Eimskip has opened its first office in Vietnam. The office is located in Ho Chi Minh City, the largest city in Vietnam and will provide a wide range of logistics services to the Vietnamese market. Eimskip’s services include temperature-controlled forwarding service, shipping agency, container import/export services, 3rd party cold storage and chilled warehou...
Maersk Line announced the implementation of QUEST which will enable a significant reduction in the energy consumption and CO2 emissions of our refrigerated containers (reefers). QUEST (Quality and Energy efficiency in Storage and Transport) is a software solution,providing a new temperature control regime. Thereby we can cut the energy consumption used fo...
On Saturday 3 November 2007 Odense Steel Shipyard presented its latest newbuilding, an 11,000 TEU container vessel, for the A.P. Moller - Maersk Group. Like her six predecessors, EDITH MÆRSK will be part of the series of the world’s largest container vessels, and she will like her sister vessels set new standards for safety and environment. Environmentall...
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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