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23 February 2025 - Year XXIX
Independent journal on economy and transport policy
22:40 GMT+1
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BRIEFS
October 12, 1998
Shipping Timesweb site
Shipping News
  • Big jump in rates expected on Asia-US trade
    But conference lines on transpacific route will still not be able to cover costs of trade imbalance
  • Separate terminal charges provided at shippers' request
  • Rates on Asia trade may be raised 4 times next year
  • Seminar on port and maritime R&D
Air and Land Transport
  • Machines used to detect bombs, costing US$122m, are left idle most of the time
    Collapse of Italian govt throws EC deal on Milan airport into doubt
  • Boeing wins US$1.2b deal to upgrade C-130
  • ITF members urged to reject forcible deportation
  • Launch of new Japanese minicars expected to spark greater competition
Features
  • No quick turnaround in sight for debt-laden NOL
    Marcus Hand looks at the woes of the national shipping line
Columns
  • Listed Cammell Laird overtakes A&P as biggest UK shiprepairer

Shipping Timesweb site
Shipping News
  • Big jump in rates expected on Asia-US trade
    But conference lines on transpacific route will still not be able to cover costs of trade imbalance
  • Separate terminal charges provided at shippers' request
  • Rates on Asia trade may be raised 4 times next year
  • Seminar on port and maritime R&D
Air and Land Transport
  • Machines used to detect bombs, costing US$122m, are left idle most of the time
    Collapse of Italian govt throws EC deal on Milan airport into doubt
  • Boeing wins US$1.2b deal to upgrade C-130
  • ITF members urged to reject forcible deportation
  • Launch of new Japanese minicars expected to spark greater competition
Features
  • No quick turnaround in sight for debt-laden NOL
    Marcus Hand looks at the woes of the national shipping line
Columns
  • Listed Cammell Laird overtakes A&P as biggest UK shiprepairer

Shipping Timesweb site
Shipping News
  • Big jump in rates expected on Asia-US trade
    But conference lines on transpacific route will still not be able to cover costs of trade imbalance
  • Separate terminal charges provided at shippers' request
  • Rates on Asia trade may be raised 4 times next year
  • Seminar on port and maritime R&D
Air and Land Transport
  • Machines used to detect bombs, costing US$122m, are left idle most of the time
    Collapse of Italian govt throws EC deal on Milan airport into doubt
  • Boeing wins US$1.2b deal to upgrade C-130
  • ITF members urged to reject forcible deportation
  • Launch of new Japanese minicars expected to spark greater competition
Features
  • No quick turnaround in sight for debt-laden NOL
    Marcus Hand looks at the woes of the national shipping line
Columns
  • Listed Cammell Laird overtakes A&P as biggest UK shiprepairer

Shipping Timesweb site
Shipping News
  • Big jump in rates expected on Asia-US trade
    But conference lines on transpacific route will still not be able to cover costs of trade imbalance
  • Separate terminal charges provided at shippers' request
  • Rates on Asia trade may be raised 4 times next year
  • Seminar on port and maritime R&D
Air and Land Transport
  • Machines used to detect bombs, costing US$122m, are left idle most of the time
    Collapse of Italian govt throws EC deal on Milan airport into doubt
  • Boeing wins US$1.2b deal to upgrade C-130
  • ITF members urged to reject forcible deportation
  • Launch of new Japanese minicars expected to spark greater competition
Features
  • No quick turnaround in sight for debt-laden NOL
    Marcus Hand looks at the woes of the national shipping line
Columns
  • Listed Cammell Laird overtakes A&P as biggest UK shiprepairer

Sched Netweb site
  • Global standard for Internet B/L launched by OOCL
  • Evergreen gears up for new China call
  • Anticipated growth for Wan Hai's 2nd half
  • ASG regains 90 per cent of ASG (HK)
  • FedEx initiates new flight for Hong Kong market
  • Air France places blame for revenue plunge
  • Emirates completes financing for the 8th B777

Lloyd's Listweb site
  • Norshipco makes 700 redundant
    HALF the workforce at leading US shiprepair yard Norfolk Shipbuilding and Drydock (Norshipco) will be made redundant from today - just 11 days after the Virginia facility was acquired for an undisclosed sum by rapidly-expanding San Diego shiprepair firm Southwest Marine Holdings.
  • GE Capital Eagle Star Re deal by end of year
    GE Capital hopes to complete the purchase of Eagle Star Reinsurance from Zurich Financial Services by the end of the year, the two companies said in a statement at the weekend.
  • Montanari complete NAI reorganisation
    Italian shipowing family Montanari has completed the reorganisation of its activities in Navigazione Alta Italia (NAI), the Milan Stock exchange-listed shipping company which the Montanaris bought last year and merged with Navigazione Montanari.
  • Meeting with President Clinton
    German chancellor-elect Gerhard Schr'der (right) and Green Party head Joska Fischer in Washington after meeting President Clinton.
  • Threat to Tsakos' Daedong deal
    TECHNICAL difficulties in addition to problems over refund bank guarantees are threatening Daedong Shipbuilding's breakthrough $120m panamax tanker order from Greek owner Nikolaos Tsakos.
  • German tug is named in London
    A GERMAN tug in the Pool of London is a rare event at any time, but for Fairplay 24 and her owners it was a very special occasion.
  • Focus on seafarers exposes training need
    THE recently reported mass walk-out at the Philippines' leading merchant marine academy reminded me of an incident many years ago involving a fellow student of mine who initiated legal action against the graduate school for refusing to grant him his master's degree. His argument was that as the school had admitted him to the course, which was both demanding and expensive, he could safely assume that he would pass the exams.
  • FERRY services between Naples and Capri
    FERRY services between Naples and the island of Capri have been boosted by the latest delivery from the Pietra Ligure yard of Italian fast ferry specialists Rodriquez Cantieri Navali.Boasting a top speed of 32 knots, the Isola Di Capri has a capacity for 550 passengers and 57 cars, or three trucks in lieu of 17 cars.

Antwerpse Lloyd n.v.web site
OCTOBER 10, 1998
  • Norasia ajouterait la Méditerranée à son service Europe du Nord-Montréal
    La réception du troisième PC rapide, le m/v "Norasia Salomé" (1.400 TEU - 25 noeuds) est l'occasion pour l'armement Norasia de tester le secteur de la Méditerranée. En effet, ce navire qui fera sa première apparition à Zeebrugge ce lundi est certes engagé dans une rotation particulière qui l'amènera en Méditerranée, ceci notamment dans le cadre d'une opération de repositionnement de boîtes en Europe du Nord. Toutefois, ce voyage sera également l'occasion de tester ce marché méditerranéen étant donné que l'armement envisage d'intégrer ce secteur à son service canadien.
  • DHL et Deutsche Post voudraient intégrer leurs réseaux
    DHL et la Deutsche Post vont un intégrer leurs réseaux de transport routier, c'est-à-dire de messagerie. C'est ce qu'a déclaré Philippe De Schepper, co-supportive services manager de DHM Worldwide Express à Bruxelles à notre confrère Nieuwsblad Transport. Le porte-parole de DP nous a partiellement confirmé la nouvelle: "Cette intégration est actuellement à l'étude, mais rien n'a encore été décidé", nous a-t-il dit précisant qu'aucun délai pour cette opération n'a été décidé. Il ne pouvait dès lors pas confirmer que cette intégration se fera dans deux ans, ainsi que l'écrit notre confrère. Si elle se réalise, cette opération risque de provoquer un nouveau bouleversement des alliances européennes.
  • Delmas confirme son engagement dans la desserte de la COA
    Delmas et SCL ayant décidé d'opter pour une collaboration plus rationnelle, l'armement français a lui procédé à une réorganisation de ses services au départ de l'Europe du Nord et de la façade atlantique vers la COA. Les dispositions prises confirment l'engagement de l'armement dans ce trafic et impliquent une fiabilité renforcée des horaires, notamment grâce à l'intervention de feeders dédiés, comme c'est le cas pour la desserte de Douala. Par ailleurs, Delmas présente des fréquences élevées et assure une variété de services qui concernent les containers, le conventionnel/breakbulk, le fret roulier et les projets industriels.
  • Transporteurs routiers français: appel pour un double dialogue
    A l'occasion de son 53e congrès qui vient de se tenir à Paris, la Fédération nationale des transporteurs routiers (FNTR) a lancé un appel en faveur d'un double dialogue: au niveau national et à celui de l'Europe. En France, la tension vient de monter d'un cran avec l'annulation d'un décret concernant la rémunération des conducteurs. Au niveau européen, il s'agit de se mettre enfin d'accord sur ce qu'est le temps de travail d'un conducteur routier.

Daily Commercial Newsweb site
  • Patrick ponders legal action over Sydney 'ambiguities'
    Patrick is today poised to initiate legal action against the Maritime Union of Australia following an alleged campaign of non co-operation by the union's Sydney branch.
    While discussions were still taking place on Friday between senior company and federal union officials, Patrick director, Bill Clayton, said that a course of action has been decided upon.
    All that remained to be done was the formalisation of paperwork which could be done as soon as today, Mr Clayton said.
    He said that while it was still possible that talks might avert an escalation of the dispute, it was unlikely in view of strong line being adopted by the Sydney branch.
  • Another Golden debut for Dorval
    Small tanker specialist Dorval Kaiun has taken delivery of the fourth of five newbuildings due this year in a fleet expansion and replacement program which will see the Japanese-owned company operating 25 vessels by year-end.
    Already in 1998 Dorval has introduced the 8670 DWT stainless steel sisters Golden Akane and Golden Yasaka, and last week the 9224 DWT Golden Kaori (pictured) arrived in Melbourne for the first time following her delivery by Higaki Shipbuilding last month. These three and a further ship to be delivered later this year, Golden Yuki, are being added to Dorval's JANZ service between the Far East and Australia/New Zealand, while another newbuilding, Golden Tiffany, has joined the company's US Gulf trade.
  • Five short-listed for key SA contract
    Five of Australia's biggest rail freight operators are believed to be short-listed for the lucrative Optima Energy tender for coal haulage and infrastructure management along the 250km rail line between Leigh Creek and Port Augusta in South Australia.
    It is understood that government-owned operators FreightCorp, Westrail and National Rail have joined Australia Southern Railroad and Silverton Tramway as short-listed bidders for the $2.7 million coal haulage task for Optima Energy.
    A spokeswoman for Optima Energy, the power generation arm of the old ETSA, said the company was in the final stages of assessing the bids and expected to make a decision by November-end.
  • Crude supplies at ports dwindle
    As Victorians get back to their hot showers, things are far from 'cooking with gas' for the port and shipping industry.
    Western Port is suffering from a lack of vessels as a result of a halt in the manufacture of crude oil, propane and butane since the Esso Long Island Point explosion. Last week BHP declared force majeure on relevant crude oil, natural gas and LPG contracts.
    BHP suspended production at its Western Port during the crisis but the Iron Monarch continued to call from Port Kembla, stockpiling steel slab.
    Western Port normally handles around 17 ships a month, and the reduction in shipping is now starting to flow onto other port service providers, such as pilotage, towage and mooring services.

›››File
FROM THE HOME PAGE
ICS satisfied with ISWG-GHG's progress towards decarbonisation of shipping, even if not definitive
London
Platten: Much work still needs to be done urgently by MEPC meeting in April
In the second half of 2024, freight traffic in the port of Venice grew by +15.3%
Venice
In the whole year, cruise passengers were 548 thousand (+7.8%)
In the last quarter of 2024, freight traffic in the port of Rotterdam decreased by -2%
Rotterdam
A decrease of -0.7% was recorded for the whole year.
HMM in talks to acquire compatriot SK Shipping
Seoul
The transaction would be valued at close to $1.4 billion
Clean Maritime Fuels Platform suggests actions needed to make clean fuels available for shipping
Brussels
The AdSP will become the sole manager of railway shunting in the port of Ravenna
Ravenna
Extraordinary maintenance and investments in new infrastructure will remain the responsibility of RFI
Cargill and Hafnia joint venture in marine fuel supply
Singapore
Seascale Energy formed
Coast Guard authorizes use of batteries on board Italian flagged ships
Rome
Adopted a risk assessment approach using EMSA guidelines
Joint venture between Marsa Maroc and TIL (MSC group) for the management of the eastern container terminal of the port of Nador West Med
Casablanca
50% of the capital plus one share will be held by the African company
Shipping, lack of services and costs for goods checks give a bad reputation to the port of Genoa
Genoa
Botta: wasting time and money on various checks, not having certainty on the times of exit of the goods from the ports makes the situation unsustainable
In 2024, freight traffic in the port of Barcelona grew by +8.7%
Barcelona
Sharp increase (+12.4%) in containerized cargo. In the last quarter alone, total traffic increased by +1.2%
In the second quarter of 2024, freight traffic in European ports began to grow again
Luxembourg
The main types of cargo are increasing with the exception of solid bulk. Sharp increase in volumes in Italian ports
Positive annual economic results for the HHLA terminal group
Hamburg
Last year, container traffic handled by port terminals grew by +0.9%
788 kg of cocaine seized in the port of Gioia Tauro
Reggio Calabria/Gioia Tauro
The AdSP protests against the downgrading of the local Customs office implemented at the same time as a significant increase in its functions
GNV to take delivery of last two of four ro-pax vessels ordered 11 months early
Palermo
Catani: modernization of port infrastructures, adoption of cold ironing and development of a LNG distribution network are necessary
Le Aziende informanoSponsored Article
ABB Ability™ Marine Remote Diagnostic System
Always on board with you
Maersk and Cochin Shipyard Partner Under Indian Government's Shipping Incentive Program
Mumbai
The first repair of a Danish group ship at the Indian plant during 2025
Federagenti, speed up dredging by using waste material in port facilities
Rome
Pessina: the case of La Spezia and Genoa can provide an immediate and effective solution
Contract awarded to Maestral (Fincantieri - EDGE) for the management of the fleet of the United Arab Emirates Navy
Abu Dhabi/Trieste
The order is worth 500 million euros
T&E, remove deforestation-related biofuels from shipping decarbonization strategy and limit those produced from food crops
Brussels
Dijkstra: IMO should consider climate impact of ‘bad’ biofuels
ICS confident about outcome of next week's IMO meeting on decarbonisation of shipping
In 2024, freight traffic in the port of Genoa fell by -1% while in Savona-Vado it grew by +7%
Genoa
Cruise passengers down by -11%
Last year traffic in the port of Koper increased by +3.0%
Ljubljana
Containerized goods were over 9.4 million tons (+5.6%)
Assarmatori, the ok to the recruitment of crew members by the ship's commander is good
Rome
Messina: We ask that the measure becomes structural
In 2024, the port terminals of the Moroccan Marsa Maroc handled a record volume of goods
Casablanca
Historic peak of containers with 2,898,779 teu (+13)
ECSA, A4E and T&E urge EU Commission to promote clean fuels for maritime and aviation
Brussels
Raptis: We need huge investments, certainties and simplification of access to public and private funding
Kalmar's annual business and economic results decline
Helsinki
Sharp increase in new orders in the last quarter of 2024
In the fourth quarter of 2024, ship traffic in the Suez Canal decreased by -53.5%
Cairo
Tankers fell by -42.9% and other types of vessels by -58.1%.
Evergreen Invests Nearly $3 Billion in 11 New 24,000-TEU Containerships
Taipei/Keelung
Taiwan's three major container shipping companies continue to grow in revenue
Confitarma, the current regulatory framework for port towing services is more than fine
Rome
Ministerial circular of 19 March 2019 fully suitable for managing tenders
Last year, cargo traffic in Croatian ports decreased by -10.1%.
Zagreb
Record number of line passengers and cruise passengers
MSC Reorganizes Two Transatlantic Services Between Mediterranean and US East Coast
Geneva
Nine-day transit time between the port of Genoa and that of New York
Danaos Corporation revenues surpass $1 billion for the first time in 2024
Athens
Annual net profit decreased by -8.0%
Ro-ro traffic and regional routes increasingly important for the development of the port of Ancona
Ancona
Research presented on the potential of the Marche port
HMM revenues grew by +39% in 2024
Seoul
In the fourth quarter alone the increase was +53%
AP Moller Capital - Bergé y Compañía Agreement to Invest in the Port Sector in Spain and Latin America
Kongens Lyngby/Madrid
Investments through a separately managed fund supported by the Danish company
HHLA signs collective bargaining agreement with ver.di
Hamburg
The union had opposed the transfer of shares of the company's capital to MSC
The Northern Tyrrhenian Sea Port Authority suspends Istat variations on concession fees
Leghorn
Nova Marine Carriers, Aug. Bolten and Ership Acquire Maja Stuwadoors Groep
Lugano
The Dutch company operates a bulk terminal in the port of Amsterdam
In 2024, container traffic in the port of Algeciras decreased by -0.5%
Algeciras/Valencia
The negative trend continued last month
Confitarma, maintenance of the simplified procedure for the enlistment of seafarers is a good thing
Rome
Neapolitan journalist Bianca D'Antonio dies at 83
Naples
Point of reference for courtesy and professionalism also for the shipping sector
The AdSP of the Eastern Ligurian Sea has joined the National Observatory for the Protection of the Sea
Rome
The organization promotes the valorization of the sea resource
Tomorrow in Naples a conference of studies on the fight against illicit trafficking by sea
Naples
It will be held at the University of "Parthenope"
Port of Los Angeles Hits New Container Traffic Peak for January
Los Angeles
Port of Livorno, in 2024 rail traffic grew by +10.4%
Leghorn
Rail share of freight volumes moved rose to 19%
Contract for the immersion in the Ancona reclamation basin of the dredging sediments of the ports of Fano and Numana
Ancona
Federlogistica, the closure of the Busalla motorway toll booth could put logistics in crisis in the North West
Genoa
Last year, cargo traffic in Montenegrin ports increased by +2.2%
Podgorica
Passengers increased by +16.1%
Investments of 1.4 billion euros for the development of the Logistics Hub of the FS Italiane group
Rome
Investments for new physical and digital assets are foreseen in the 2025-2029 Strategic Plan
Grimaldi Group extends its maritime network to India
Naples
On February 20th the first call at the port of Mumbai with the PCTC "Grande California"
One million euros for the reduction of the amount of anchorage fees in the port of Gioia Tauro
Joy Taurus
Ok to the expansion of the Automar car terminal
The AdSP of Eastern Liguria agrees on the need for buffer areas for the ports of La Spezia and Marina di Carrara
The Spice
Areas identified by the body near the port and hinterland of Santo Stefano di Magra
Conference "Iron-Rubber-Water: Intermodality and the Port of Genoa"
Genoa
It will be held on Friday at the Maritime Station of Genoa
Fratelli Cosulich has acquired a controlling stake of 62% of the capital of Femo Bunker
Genoa
It has an annual turnover of over 70 million euros
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Nola Interport, in 2024 intermodal traffic grew by +18%
Nola
Road freight traffic stable
MSC Cruises' new cruise terminal in the port of Barcelona has become operational
Barcelona
It will be officially inaugurated in the next few months
In January, the port of Singapore handled 3.5 million containers (+5.8%)
Singapore/HongKong
Container traffic in the port of Hong Kong decreased by -10.5%
The "mole" for the Bisagno torrent spillway tunnel has arrived in the port of Genoa
Genoa
It is composed of three main pieces of 196 tons
Port of Long Beach Continues to See Exceptional Container Traffic Growth
Long Beach
In January, 953 thousand were moved (+41.4%)
Mercitalia Intermodal reaches agreement with PJM for the digitalization of 600 intermodal wagons
Rome
Between 2025 and 2027 they will be equipped with the Austrian company's WaggonTracker digital system
Tomorrow CMA CGM will activate a new service between Italy, Spain and Egypt
Marseille
Reorganization of the Bora Med Service line with the inclusion of stopovers in Syria
Assoporti at the Fruit Logistica fair in support of the Italian fruit and vegetable sector
Rome
Record export value of 6.1 billion euros in 2024
Cargo traffic in Russian ports fell by -1.6% in January
St. Petersburg
Only import loads are growing
First Newbuild Container Ship Owned by ONE Christened
Singapore
It has a capacity of approximately 13,800 TEUs
Call for proposals for the enhancement of the Tuscan Port Community System
Leghorn
Paroli: the TPCS is used profitably not only by our AdSP, but also by those of Naples, Venice and Cagliari
D'Angelo (ANSI): Necessary steps forward also in cybersecurity for the port sector
Rome
Threats can paralyze a highly strategic component for the Country System
UBV Group buys International Services and Logistics Nardi
Milan
The Milanese company has been operating in the shipping and integrated logistics sector since 1949
New logistics area in the Milanese hinterland
London/Milan
Joint venture between SFO Capital Partners, Edmond de Rothschild REIM and GARBE
In 2024, container traffic in the port of Valencia increased by +14.1%
Valencia
Strong growth in transhipment (+18.8%)
Dutch Raben Group has acquired fellow Dutch DGO Express
Milan
The company provides road groupage transport and logistics services
Musso (Grendi group): escaping from Genoa? For us it was a stroke of luck
Genoa
Among the initiatives planned for 2025, the relaunch of the container port of Cagliari
This year the association of Genoese maritime agents celebrates its eightieth anniversary
Genoa
A series of celebratory events are planned
MPC Capital Acquires 50% Stake in Fellow City BestShip
Hamburg
The Hamburg company currently offers services to around 450 vessels
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
Tomorrow in Naples a conference of studies on the fight against illicit trafficking by sea
Naples
It will be held at the University of "Parthenope"
In Ancona the conference "The port as a strategic development hub for the territory"
Ancona
It is scheduled for February 11th
››› Meetings File
PRESS REVIEW
Türkiye's largest shipping company moves to Greece, while tourism giant exits
(Türkiye Today)
Billions lost at sea: over-reliance on foreign shipping drains economy
(The News International, Pakistan)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Port of Chioggia, the call for tenders for the assignment of temporary port work service has been published
Venice
The optimal operational staff of the authorized company is set at 20 units
Hyundai Mipo Orders Four LNG Bunker Vessels
Ulsan/Tokyo/Oslo
Yara to lease new ammonia carrier from NYK
In Ancona the conference "The port as a strategic development hub for the territory"
Ancona
It is scheduled for February 11th
Improvement in the final part of the year is not enough for Eimskip to close 2024 positively
Reykjavik
Container traffic at HPH Trust terminals grew by +4.8% last year
Singapore
Revenues up +8.8%
Konecranes posts record annual and quarterly revenues
Helsinki
In 2024, the value of new orders fell by -3.9%
AD Ports - CMA Terminals Agreement to Manage New Multipurpose Terminal at the Port of Pointe-Noire
The Sustainable Intermodality Logistics Association renews its technical commissions
Rome
Francesca Fiorini confirmed as general secretary. 30 new members welcomed
Tarros activates a new rail link between the port of La Spezia and the Interporto of Padua
The Spice
The frequency is weekly
CMA CGM to continue operating container terminal at Syrian port of Latakia
Beirut
New contract with the General Authority for Land and Sea Ports
Costamare posts record annual and quarterly revenues
Monk
Last year, turnover increased by +37.9%
Fatal accident in the ship repair area of the port of Genoa
Genoa
Immediate strike by workers in the sector
The work on electrifying the docks of La Spezia is proceeding rapidly
The Spice
Federlogistica calls for temporary suspension of measure on new classification criteria for customs offices
Wärtsilä closes 2024 with record financial and commercial results
Helsinki
The value of new orders acquired in the year grew by +14%
DSV Group revenues increased in 2024, but not profits
Hedehouse
Air and sea shipments handled by the Danish company increased by +7.1% and +6.6%
Approved for the concession for the automotive terminal of Vezzani in Porto Marghera
Venice
25-year contract
Port of Ravenna, estimated growth of +12.9% of traffic in January
Ravenna
Over 1.9 million tons of goods moved
Container traffic in the port of Gioia Tauro increased by +12.5% in January
Joy Taurus
347,917 TEUs were handled
The Interporto of Jesi is part of the Unione Interporti Riuniti
Rome
The terminals of Melzo and Rubiera are new aggregate partners of the association
Cisl FP Liguria, the downgrading of the Customs offices of Genoa, La Spezia and Savona is absolutely unjustified
Hapag-Lloyd secures 80% financing for construction costs of 24 containerships
Hamburg
The total investment for the new ships amounts to four billion dollars.
ONE Forms Joint Venture With LX Pantos For U.S. Intermodal Market
Singapore/Seoul
Boxlinks to provide end-to-end services in the US
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