Cargo Volumes Up On Asia Recovery

Thursday, May 25, 2000
Cargo shipping volumes are picking up as Asia recovers from the recent economic crisis, a partner of Danish shipping and oil conglomerate A.P. Moeller said. A.P. Moeller is the parent of Maersk Sealand, the world's leading container shipping line with a fleet of some 250 vessels. Bjarne Hansen said that work on integrating U.S. Sealand, acquired by A.P. Moeller last year, with the group's own Maersk container li, Hansen said. The merger of Maersk and Sealand had caused hardly any loss of customers, he said, despite A.P. Moeller's management fearing that some customers might give their business to other shippers to avoid excessive exposure to one company.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

McDermott Wins Contract in Arabian Gulf

McDermott International Inc. received three separate engineering, procurement, construction, and installation (EPCI) projects in multiple Arabian Gulf fields.   The

Ensco Lost 2 Petrobras Contracts

Ensco Plc has concluded discussions with Petrobras regarding revised commercial terms with respect to some rig contracts.   Ensco 6003 and Ensco 6004 had their contracts terminated effective May 1,

Asia Dry Bulk-Capesize Rates Under Pressure

Capesize rates fall in a quiet market as holidays weigh; 20 charter-free capesize ships could add to downward trend. Freight rates for large capesize dry cargo

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0652 sec (15 req/sec)