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Media
A US manufacturers' study says 10+2 US Customs and Border Protection procedures will cost the American economy US$20 billion a year and add three days to average global transit times. "The potential impact is huge," said National Association of Manufacturers (NAM) president John Engler. "It is the equivalent of doubling the import tariffs that manufac...
TAIWAN authorities have charged 46 executives from Evergreen Marine, Wan Hai, Yang Ming, APL, NYK Logistics as well as the director general of the Kaohsiung harbour bureau with fraud for allegedly inflating cargo volumes to claim government bonuses. London's Financial Times reported that Kaohsiung prosecutors accused port boss Shieh Ming-Hui an...
Compagnie Maritime Belge said its Bocimar International subsidiary has sold two capesize unit dry bulk ships. The 173,999-deadweight-ton, 2006-built Mineral Libin was sold for $53 million. Delivery of the vessel is scheduled between August and April. A capital loss of $2 million will be taken up in the second quarter results of 2009. ...
PARIS: Europe's central bank chief on Sunday cautioned against any new government stimulus plans and predicted the global economy will pick up in 2010. "We are seeing at this moment a slowdown in the drop in activity," Jean-Claude Trichet said on France's Europe-1 radio. Global economic activity should come "close to stability" later this year, and "w...
Belgian shipping group CMB has confirmed that its bulker arm Bocimar has sold two capesizes, one of which is a newbuilding. The 173,999 dwt three year-old Mineral Libin has been sold for US$53m, a capital loss of US$2m, while 171,199 dwt newbuilding Mineral Azalea, due for delivery in the third quarter of this year, has gone for US$45.1m, a capital gain of ...
Norwegian handysize bulk operator Belships has seen its first quarter operating income drop around a third to US$13.3m from US$21.6m in 2008, and its net quarterly profit more than halved from US$3.9m in the first quarter of last year to US$1.4m this. The company said weak freight rates were the cause, despite the "rather surprising" bounce in rates at the ...
I have two words about the fuss over putting prisoners in converted containers - Wai Iti. It is a rustically beautiful beachside retreat in north Taranaki. As well as having classic kiwi baches dotted on hills overlooking the Tasman sea , the old camping ground has a whole lot of extremely pleasant cabins or " compartments " as they are called, co...
MAERSK Line cargo from northeast and southeast Asia will be charged US$250 more per TEU from July 15, the company announced. The increase applies to all cargo and commodities, including reefers and special equipment. The increase is applied on cargo from South Korea , Russia , mainland China , Hong Kong , Taiwan , Singapore , Myanmar , Indone...
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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