Media
Media
THE 3rd Annual Shipping Finance Asia 2010 conference will be held at the Marina Mandarin Hotel in Singapore from Wednesday February 3 - 4 to focus on developing strategies on raising capital, strengthening balance sheets and resolving contractual disputes for long term business continuity and competitiveness. Themes for Shipping Finance Asia will be asses...
THE AP Moller - Maersk Group has announced that an agreement has been reached for DFDS to purchase 100 per cent of its shares in logistics and ferry company Norfolkline. The total value of the deal is EUR346 million (U$495.88 million), which includes the AP Moller-Maersk Group obtaining 28.8 per cent of the shareholding in DFDS. In addition, the AP Moller...
LEADING bidders to establish a C$200 million (US$191.7 million) container terminal in Sydney, Nova Scotia, have lost a major financial backer after Galaxy SARL, a French private equity fund, withdrew after taking a hit in the recession. In May, the French venture capitalists announced they would join with the Sydney Marine Group to develop a world class s...
THE International Container Transshipment Terminal (ICTT) at Vallarpadam that is under development at Cochin Port in the Indian state of Kerala is expected to be commissioned by March. The announcement seeks to calm fears that the crisis at the Dubai World Company would hinder the progress of ICTT, which is being developed with the help of DP World, a uni...
A PLAN to add a new larger sea lock to improve access to the Amsterdam port area in Holland has taken a vital step closer to reaching fruition, after the central government, province and municipality reached agreement on the project's financing. The proposed new lock is expected to become operational in 2016. The decision to expand the port's lock syste...
THE spot rate for transporting an FEU from Hong Kong to Los Angeles by sea has held at US$1,268 for the third week in a row since the middle of December, according to an index published by London-based Drewry Shipping Consultants. Compared to the same period a year earlier, spot rates have fallen by 28.2 per cent but in line with rates since August in the...
SOMALI pirates have freed Pacific International Lines (PIL) 1,150-TEU Kota Wajar, a Singapore-flagged containership after 10 weeks in captivity for US$4 million, announced the EU naval task force. "We have received US$4 million and released the ship and its 21 crew late yesterday," pirate Mohamed told Reuters. "The crew were happy and clapping." Accordi...
APL, the container shipping arm of Singapore's Neptune Orient Lines, will introduce "extra slow steaming" on two more transpacific loops operated in the NWA service, the SAX loop and PS-2 loop, reports AXS Alphaliner. PS-2 loop combines an NWA Asia-US west coast run together with a joint Asia-Mexico service run by APL and Hapag-Lloyd under the banner AME...
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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