The Bank Line News

Jerry Nagel, chairman of the board at Rickmers-Linie (America) was the recipient of the 8th annual Lifetime Leadership and Achievement Award at the Wed., Oct. 26 kickoff of the 22nd annual Breakbulk Transportation Conference and Exhibition at the New Orleans Convention Center, attended by more than 3,600 breakbulk and heavy-lift industry executives. Nagel, 62, has spent much of the past decade working as president and CEO at Rickmers-Linie (America) in Houston, where he oversaw the expansion of the carrier's business in the Americas.

The China Navigation Co Ltd (CNCo) has announced plans to consolidate the majority of its liner shipping services under a new entity, Swire Shipping Ltd, a new company recently incorporated in the United Kingdom. The service framework and existing network of management offices will not be affected by this change. Indotrans, Indotrans Pacific and New Guinea Pacific Line will be retired. gradually phased out during the course of 2007. structures, and will continue to trade under their current names. Indotrans and The Bank Line, and the introduction of several new trades. Southeast Asia and Papua New Guinea with the South Pacific Islands.