Container Shipping Lines
Container shipping line members of the Grand Alliance reportedly will improve their service between North Asia and the U.S.
Q4 net profit falls to $936 mln vs $808 mln forecast; Company will issue bonus shares. Danish shipping and oil group A.P. Moller-Maersk said 2013 net profit fell less than expected thanks to higher earnings at container shipping business Maersk Line. Fourth-quarter net profit fell to $936 million, Maersk said on Thursday, beating the average forecast of $808 million in a Reuters poll of analysts. Underlying group net profit this year is expected to be in line with 2013's figure of $3
Container shipping line Maersk Sealand, owned by Denmark`s shipping and oil conglomerate A.P. Moeller (APM), said on it was ready to expand again after a successful integration of its last major acquisitions. "We aim for a bigger market share and want to grow faster than the market", APM Chief Financial Officer Eivind Kolding said. In 1999 Maersk Line acquired South African shipping group Safmarine and U.S.-based international container line Sea-Land for a total of $1.04 billion
Bloomberg reported that Neptune Orient Lines Ltd. and 11 of the largest shipping companies plying the Pacific Ocean said costs of moving cargo to the U.S. in 2006 will rise 7 percent on higher fuel prices, which may spur them to raise freight rates. The cost of transporting containers by trucks and railways will increase as much as 25 percent, the 12-line Transpacific Stabilization Agreement, whose members ship about 70 percent of trans-Pacific trade, said in a statement today.
Agenda announced for forthcoming JOC Container Shipping Conference in Shanghai, China Drewry Shipping Consultants estimate that container shipping lines collectively lost $5.2 billion in 2011. To thrive in 2012, the industry will have to tackle declining rates and a potentially chaotic round of mergers and acquisitions. Business leaders will discuss the potential scenarios and predictions for the upcoming year at UBM Global Trade's JOC Container Shipping Conference ShanghaiJune 4-5 at the
Maersk Line signed a contract with 's Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build 10 of what the company terms as the world's largest and most efficient vessels, with an option for an additional 20 vessels. Scheduled for delivery between 2013 and 2015, they will entirely change the shipping industry's understanding of size and efficiency. Called the 'Triple-E' class for the three main purposes behind their creation -- Economy of scale
APL - the global container shipping line - introduced active RFID technology to its Southern California marine terminal in an important innovation that will speed up cargo container processing. By introducing Real Time Locating System technology at its Global Gateway South (GGS) terminal, APL can reduce by as much as half a day or more the amount of time it takes to track a container in the yard and prepare it for transport
NOL Group announced the resignation of Eng Aik Meng as President of its APL shipping business. The container transportation and logistics group has named Kenneth Glenn, currently President of its North Asia Region, as his replacement. NOL said Mr. Eng will leave the company September 1, 2011, to take a new position outside the transportation industry. "We understand Aik Meng's desire to begin a new phase in his career, and we thank him for his contributions to NOL
Canadian Pacific Ltd., one of Canada's biggest and oldest companies, said it would split into five publicly traded firms, a move aimed at shedding a conglomerate discount that had dogged its stock. Besides CP Rail, Canada's No. 2 railway, Canadian Pacific owns 86 percent of cash-rich PanCanadian Petroleum Ltd., the country's top oil and gas explorer and producer, as well as Fording Coal Ltd., CP Ships, a global shipping firm, and CP Hotels.
The 1999 Containerization & Intermodal Institute's Connie Awards will be presented to Evergreen Group Chairman Dr. Yung-fa Chang and J. Robert Bray, Executive Director of the Virginia Port Authority. The awards will be presented at an industry-wide luncheon Dec. 14, 1999 at the Marriott World Trade Center in New York. Both recipients were selected through an industry ballot. Group Chairman Chang is being honored for his leadership in founding and developing Evergreen into one of the world's
Troy Container Line Ltd., one of the largest American-owned NVOCCs, today announced the promotion of Leeanne O’Reilly to Export Supervisor at Troy Container Line. Based in the company’s Red Bank, N.J. office, O’Reilly will oversee the unification of the FCL and LCL Export
Accroding to a statement issued on behalf of the A.P.Moller-Maersk Group, container vessel Svendborg Maersk lost a significant number of containers overboard during very rough weather in the Bay of Biscay. On Friday, February 14, the container vessel Svendborg Maersk encountered very rough
The container terminal at India's largest port of Nhava Sheva, also known as Jawajarlal Nehru Port near Mumbai, will be partially shut down for six weeks from the beginning of March to install new harbor cranes. The work in expected to impact normal operating conditions alongside the main
Having recently announced improved Genoa to New York import service, Troy Container Line, one of the world’s largest American-owned NVOCCs, continues to meet the demand from this European market with its direct LCL import services from Naples, Italy to New York.
Yesterday, New Jersey Governor Chris Christie signed S2747/A4170 into law. This legislation, which received unanimous bipartisan support from the entire legislature, will eliminate the Port of New York & New Jersey (PANYNJ) cargo facility fee.
Troy Container Line has announced an improved express service from Genoa, Italy to New York. Along with its partner Combi Line International Spa, the companies will now offer a 10-day transit from Genoa in addition to pick-ups throughout Italy
Hyundai Heavy Industries (HHI) say they have begun building the first of five 19,000 TEU container ships for China Shipping Container Lines (Hong Kong). HHI explain that the shipowner upgraded the original order for five 18,400 TEU containerships to ones capable of delivering 600
China's first 10,000 TEU container ship with independent intellectual property rights has been delivered from Dalian Shipbuilding Industry Co (DSIC) in Dalian, Northeast China's Liaoning province, reports Xinhua. This ship was built for China Shipping Container Lines and is capable of carrying
The CMA CGM Group announced a new cooperation setup with current partner Maersk Line, APL and OOCL on three existing Far East to Indian Subcontinent services (CIMEX 2/FM3, CIX, CIX3), starting in February 2014. In a Slot Sharing Agreement that also includes partners as Emirates Shipping Line
The Port of Seattle says it will welcome Pacific International Lines (PIL) to its harbor in February. PIL’s new Asia Pacific Northwest Service (ANW) will call Terminal 30 in partnership with China Shipping Container Lines’ (CSCL) and United Arab Shipping Company’s (UASC)
Troy Container Line Ltd., an American-owned NVOCC, announced the appointment of Paul Keany as sales representative. Based in the company’s Red Bank, N.J. office, Keany has been charged with expanding Troy Container Line’s long-standing tradition of personalized service and care in New
GAC Sri Lanka has been appointed as the sole authorised agent for multimodal transport operator Sarjak Container lines Pvt (Ltd), handling all their shipping and Non-Vessel Operating Common Carrier (NVOCC) activities in the country. Sarjak specialises in the door-to-door transportation of
Abu Dhabi Ports Company (ADPC) has signed a ten year agreement with Emirates Aluminium (EMAL), to handle the export logistics of finished aluminium products from EMAL’s production site. The volume of exported metal will grow gradually from 600,000 metric tonnes in 2014 to 750
NVOCC Expands Presence in South Atlantic Market; Adds Ninth New Service in 2013. Troy Container Line, one of the world’s largest American-owned NVOCCs, has announced the launch of new, direct services from Atlanta to Hong Kong and Singapore
The fire-fighting teams aboard the 'Maersk Kampala' have succeeded in putting out the fire aboard the container ship say the owners. Some smoke continues to come from containers that had been on fire, but it is considered that this will stop eventually with continued spraying by the tugs and