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THE Shipping Corporation of India (SCI) net profit increased 138 per cent year on year to INR5.7 billion (US$125 million) in the nine months ending December 31 based on a mere 4.1 per cent increase in revenue to INR26.8 billion. Containers accounted for 32 per cent of revenue, up 24 per cent year on year while bulk revenue slipped 2.2 per cent to INR19.3 ...
JAPANESE shipping company MOL has announced its on-time arrival performance results for the eight services in which the carrier solely operated containerships on the major east-west trade routes between April and December 2010. The results show that 91 per cent of its vessels operated on the Asia-US west coast trade lane were deemed on time; 73 per cent ...
State-owned Shipping Corp of India (SCI) has ordered two 120-tbp anchor handling tug supply vessels at Cochin Shipyard, according to a statement. The price of the pair and the date for delivery has not been disclosed. The contract is expected to be completed this week, a spokesperson said. SCI has two anchor handlers and a couple of platform supply vessel...
Exporters and container shipping lines in Hong Kong and the mainland are being urged by US federal maritime authorities to help quantify the cost and environmental benefits of ships sailing at slower speeds, reported the South China Morning Post. The move is part of a worldwide probe by the Federal Maritime Commission to assess if benefits of slow steamin...
The Belgian fruit auction, De Belgische Fruitveiling (BFV), has signed an exclusive contract with food logistics specialist Foodcareplus, part of Antwerp-based Antrex Shipping, to manage containerised shipments of Belgian conference pears to China. The deal follows an historic protocol signed last year between the two countries, under which the Belgian v...
PROTECTED US Jones Act carrier, Matson Navigation, generated an operating profit of US$99.4 million for 2010, an increase of 70 per cent against 2009, on revenue of more than $1 billion, up 18 per cent. Increased transpacific volume was credited for much of the increase that rose 56 per cent to 72,700 boxes after the shipping line last October offered its...
In a busy year for Canada's Pacific Gateway, Port Metro Vancouver achieved a total tonnage increase of 16 percent, delivering 118.4 million tonnes overall in 2010, according to a Lloyd Special Report. Container traffic set a new record while overall export volumes were further strengthened by record-setting coal and grain volumes. The 2010 year-e...
The flow of containers has been severely disrupted at most French ports as workers strike over a number of issues, including pension arrangements and working conditions. "Passenger traffic as well as bulk commodities such as coal and grains, oil and petrochemicals are not affected, apart from a few delays, but container traffic is seriously hit as differe...
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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