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22 February 2025 - Year XXIX
Independent journal on economy and transport policy
22:01 GMT+1
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BRIEFS
March 20, 2008
The Business Timesweb site
Shipping News
  • Guangzhou Shipyard Q4 profit more than triples
    Guangzhou Shipyard International Co, the only Hong Kong-listed shipbuilder, more than tripled fourth-quarter profit after expanding capacity and shortening construction times. The company's shares rose the most in a month.
  • Shanghai to use Yangtze for inland shipments
    Shanghai, China's busiest container port, aims to make greater use of the Yangtze River for inland shipments as rising congestion and environmental concerns make road transportation less attractive.
  • CMB fears US$ impact
    Belgian shipping group CMB warned that 2008 results could be hit by the US dollar's fall against the euro as it confirmed final full-year 2007 net profit on Tuesday at 243.28 million euros (S$528 million). 'The evolution of the US dollar and of the freight derivatives (FFA) will have an impact on the results,' it said in a statement.

Sched Netweb site
  • Taiwan's Yang Ming 2007 profit up 429pc, reveals plans to buy mega ships
  • Guangxi Beibu Gulf ports offer sea-rail intermodal services
  • Clarkson earns US$53 million in 2007, up 43pc
  • Pakistan installs first container scanner at Karachi's PICT
  • India's Sical Infra expects to spend US2.8 billion on container trains
  • Philippines' ICTSI to spend US$283 million on container terminals in nine countries
  • China's airfreight carriers lose market share to foreigners
  • Nashik to open air cargo complex for Indian exporters
  • Lufthansa Cargo launches e-freight in Germany's airfreight sector

International Transport Journalweb site
MARCH 19, 2008
  • New head of Lufthansa Cargo Center
  • Hamburg Süd and Maersk Line to collaborate
  • Soaring Lufthansa Cargo figures
  • Cargo-Partner: Vienna-Rotterdam-Vienna rail shuttle
  • Barloworld Logistics acquires Swift Group

Maritime Global Netweb site
MARCH 19, 2008
  • Ship losses up 37%
  • More EU-IMO talks
  • TUI to spin off Hapag-Lloyd
  • IMEC initiative bears fruit
  • UK holds 6

Marine Logweb site
MARCH 19, 2008
  • Trinidad & Tobago picks Austal to build patrol boats
  • Turkish yard cuts steel for Supramax bulker
  • EPA moves against exporters of "toxic ship"

World Wide Shipperweb site
MARCH 19, 2008
  • Coast Guard adds Iran to port security advisory list
  • Panama Canal Authority awards contract for new dredge
  • Port of Tacoma bringing commission meetings to web site
  • Port of Seattle celebrates new Virgin America flights
  • Evergreen Line adding new Taiwan to Vietnam run

Lloyd's Listweb site
MARCH 19, 2008
  • Carnival newbuilding plans put in cold storage
    CHAIRMAN Micky Arison says company unable to build new ships for US brands "at present dollar-valued costs".
  • Arison stands firm on Florida fuel levy
  • Aframax earnings soar amid cargo-fixing frenzy
    DAILY earnings for aframax tankers in the Mediterranean rise by nearly $100,000 in less than a week.
  • CMA 2008: Fears grow over orderbook deliveries
    INDUSTRY experts concerned that a significant proportion of ships currently on order will never be delivered.
  • Well-rounded Qatar takes leading role on global LNG stage
    THE LNG industry has been characterised as both increasingly globalised and not yet truly global.
  • Russia still holds cards for European supply
    RUSSIA'S latest spat with Ukraine reflects the increasing strategic importance of LNG imports in the community's energy mix.

Fairplayweb site
MARCH 19, 2008
  • Gdansk yard under EU pressure
    The new vice president of Gdansk shipyard says he is confident the ailing yard can reach a restructuring agreement with the European Commission within weeks
  • Crew ransomed from Somalia
    THE Danish-owned, Russian-registered tug Svitzer Korsakov, seized by Somali pirates while on its maiden voyage last month, has been released following the payment of a $700,000 ransom
  • Schiffsbank confident of growth
    GERMAN ship financier Deutsche Schiffsbank is confident it can further expand its business this year despite the turbulence in the world financial markets
  • Ship losses soaring
    SHIP losses have soared by more than a third in the last two years and there is no sign that the increase is slowing, according to global research from the International Union of Marine Insurance (IUMI)
  • Kremlin shies away from Ust-Luga
    THE Kremlin has deferred making a commitment on oil loading at Ust-Luga until after president-elect Dmitry Medvedev is inaugurated in May
  • Robust Chinese yard triples profits
    GUANGZHOU Shipyard has sent 4Q profits soaring by expanding capacity and shortening its construction times, according to a Bloomberg report
  • PSA predicts port downturn
  • Brazil plans 100 new vessels
  • UK rejects Exxon's PDVSA asset grab
  • Total accepts rap for French spill
  • Brazil strike goes into Easter
  • Will post-2009 orderbook collapse?
  • Broker charged over toxic ship
  • Indonesian low pay targeted
  • The good news on high fuel prices
  • Subsidy for low sulphur in LA, LB

The Journal of Commerceweb site
MARCH 19, 2008
  • Port of Los Angeles-Long Beach courting problems when growth resumes
    Executives say top U.S. gateway is facing long-term issues if it can't build marine terminals, inland infrastructure to handle growth.
  • LA-Long Beach to approve fuel subsidy for ships
  • Maersk to end slot-charter pact to South America
  • Bush urges Congress to follow Canada trade lead
  • Analysis: In-bond shipments, the Trojan Horse
  • Euro zone deficit rises
  • Nike report cites supply-chain issues in China
  • WWL to call Galveston
  • ELAA gains three members
  • CN contract ratified
  • Maldives joins Kuehne & Nagel Asia-Pacific network

Containerisation Internationalweb site
MARCH 19, 2008
  • CN announces major infrastructure investments
  • Maersk pulls the plug on NASA service
  • Lonrho ups its stake in SAILS
  • Wan Hai and PIL join ELAA
  • Transnet orders RTGs for Ngqura

TradeWindsweb site
MARCH 19, 2008
  • NASA gets the chop
    Maersk Line cuts Americas link as efforts to optimise network continue.
  • Hallin heads Down Under
    John Giddens-led offshore company fixes out newbuilding to mark its entry into the Australian market.
  • V.Ships defends crewmen
    V.Ships Shipmanagement chief executive Robert Bishop says crewmembers did all they could to prevent the Hebei Spirit oil spill.
  • Let's party!
    TradeWinds hits the CMA convention's after-hours scene with Wilhelmsen Ship Service's party at the Paradise.
  • Asian boost for Rickmers
    German owner in $1.35bn deal to transfer 13 containership newbuildings to Singapore quoted offshoot.
  • Ferry close for WSF
    Washington state poised to announce winner of tender for first of three replacement vessels.
  • Market drives shipping
    Bear Stearns analyst discusses big rebound in shipping stocks on Tuesday.
  • Commodities are key
    Goldman Sachs analyst says commodities supply could be a "bucket of cold water" on shipping.
  • Aim at substandard ships
    With class societies finding themselves in court over substandard ships, Lloyd's Register official says the London society is taking a closer look at surveys.
  • Hamburg Sud not in the race
    German boxship line will not be buying TUI's Hapag-Lloyd operations, despite market speculation.
  • Vinalines eyes port upgrade
    Vietnamese owner lines up $44m investment in Ba Ngoi to raise cargo capacity to 3m tonnes.
  • Oslo claims cost crown
    Norwegian capital is the most expensive city in the world to live ahead of other maritime strongholds Copenhagen and London, bank says.
  • Betting on down
    Clarkson Research Services managing director says he expects the shipping market to take a downturn.
  • IHC wins Panama Canal order
    Dutch yard to deliver dredger in 2011 to canal authority to help complete huge widening project.
  • Riverdance is a CTL
    Wreck removal in prospect for beached car carrier that became a tourist attraction.
  • Odfjell dumps oldies
    Norwegian chemical tanker owner offloads two of the oldest ships in its fleet as it takes on newbuilding.
  • GSI overcomes adversity
    Chinese tanker specialist sees 2007 profit leap despite manpower and workspace issues.
  • Paragon confirms fixture
    Bodouroglou-led bulker outfit inks three years of work for panamax at 66% above current rate.
  • Boskalis turns mud to gold
    Dutch dredging giant sees 2008 profit soar against background of strong demand.
  • Loans to face yen woes
    Banker says shipyard loans priced in yen could default as the US dollar loses sync.
  • CSSC aims high
    Chinese shipbuilder wants to increase revenue by more than a third this year.
  • Tankers jump on upgrades
    Citi upgrade for Teekay, OSG and Genmar sends stock prices higher despite weaker rates.

American Shipperweb site
MARCH 19, 2008
  • TUI boss prefers Hapag-Lloyd sale over merger, spin-off
  • Pilot charged by feds with negligence over Bay Area oil spill
  • CMA CGM names credit, collections director
  • Alaska Air Cargo automates arrival information
  • Ultra Logistics releases new version of freight management system
  • Reebok agrees to record fine
  • Bush pushes Colombia free trade agreement
  • Kuehne + Nagel adds Maldives to Asia-Pacific network
  • CEVA appoints van der Maarel
  • FMC reviews 9 OTI license applications
  • Ocean carriers, SoCal ports announce low-sulfur fuel subsidy program
  • Court upholds Long Beach port decision to stop LNG terminal
  • Kalmar equipment in demand
  • Portland port security officers may strike, shut down port
  • Tideworks opens Asia Pacific office

The Scandinavian Shipping Gazetteweb site
MARCH 19, 2008
  • Sævik wants Aker Yards to split in four
    Per Sævik, who through family owned Havyard Invest controls 10 per cent of the shares in Aker Yards, claims that the value of Aker Yards is NOK 97 per share, double up compared to today's share price. To show the ...
  • DFDS buys two Norbulk ro/ro's
    DFDS has purchased two ro/ro-ships from the British based Norbulk Shipping Group for take over at the end of the year. The ships is the Finnhawk and Finnreel, which presently are on time charter to Finnlines running on ...
  • Gaz de France recieves LNG from Snøhvit
    The French energy company Gas de France has received its first shipment of LNG from Snøhvit in the Barents Sea. The company has a 12 per cent interest in the project. The 154,500 cubic metres shipment of LNG was delivered ...

The Bunker Bulletinweb site
MARCH 19, 2008
  • Industry supports ports' fuel plan
    PMSA coming in behind proposal to subsidise distillate fuel.
  • Rollercoaster week for crude
    Prices down again Wednesday after DOE report shows dip in US demand.
  • Poll: Emissions trading a 'useful option'
    Industry supporting pollution reducing initiative despite IMO snub.
  • Bunker market report from Praxis
  • New Kingston oil spill 'not bunkers'
    Local authority says frequency of spills points to need for review of procedures.
  • KazMunayGas acquires Batumi port and oil terminal
    KazMunayGaz now owns all oil facilities along with container and dry/general bulk cargo berths.
  • Rotterdam market still firm
  • PetroChina buys cargo for blending
    A961 grade bought to counterbalance influx of high-viscosity and high density Western cargoes.
  • Hong Kong: Bomin moves

›››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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