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HEFEI, a river port in east China's hinterland Anhui province, handled 10,029 TEU by the end of May and now expects annual throughput to top 25,000 TEU, Xinhua reports. Hefei is a major container cargo source for Anhui province. About half of the province's container cargo originates from the city. Since the Hefei port container terminal started ope...
SINGAPORE's container shipping line APL has announced that 29-year veteran Bob Sappio, head of the company's PanAmerican Trades, will leave the company August 1 to remain in the San Francisco Bay Area after the carrier moved its Americas headquarters to Phoenix, Arizona. Mr Sappio has been the head of APL's transpacific trade since 2003, playing a key...
THE Port of Los Angeles passed its US$976.6 million annual budget for this year and next with the most eye-catching items being $10.7 million earmarked to upgrade the TraPac container terminal and another $5.6 million to improve the APL terminal at Berths 301-306. Reflecting higher revenues, the budget was 7.4 per cent higher, or up by $67 million, report...
REPRESENTATIVES of a major carrier and shipper dismissed freight rate derivatives while a big forwarder and a famous maritime consultant defended them at the recent Containerisation International shipping conference in London. Nicolas Sartini, senior vice president, CMA CGM Group, said derivatives had little value and were based a questionable data in the...
China's credit rating provider, Dagong Global Credit Rating Co. Ltd., announced Friday that it has adjusted its rating for Greece's local and foreign currency sovereign credit from BB to CCC level. The rating agency described the country's credit outlook as "negative" for the next two years while also warning of short-term debt default risks. Dag...
Baltic Fuel Company Ltd. (BFC) on June 2nd put into service the TM-10, another bunkering tanker beefing up its fleet to 31 vessels, supplying bunker fuel in the waters of Big Port St. Petersburg, the company’s press service said. BFC purchased the tanker from a Russian shipowner this May. The ownership certificate of the vessel was received in Jun...
To meet increasing shipping demand from Asia, Old Dominion Freight Line has expanded its Pacific PromiseTM LCL service to Taiwan's three main ports: Taichung, Keelung and Kaohsiung, Eyefortransport reports. The service is already offered to ten ports in China: Dalian, Fuzhou, Guangzhou, Hong Kong, Ningbo, Qingdao, Shanghai, Shenzhen/Yantian, Xiamen and X...
The throughput of First Container Terminal (FCT, St.Petersburg) in January-May 2011 amounted to 484,671 TEU (+6.6% comp. to January-May 2010). In May FCT’s record turnover performance reached 115,295 TEU (+13% comp. to May 2010). Since the beginning of the year the container traffic between FCT and NCC’s off-dock terminal in Shushary (Logist...
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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