Mercator '09 profit rises 45% to US$75.8m Indian-owned dry bulk shipping company Mercator Lines (Singapore) had a stellar year, posting a 45 per cent rise in full-year FY2009 net profit to US$75.8 million on a 27 per cent increase in revenue to US$186.1 million as both vessel day rates and operating days rose over the full-year period.
NOL container unit to serve Vietnam Neptune Orient Lines container unit APL yesterday took a punt on the relatively still buoyant Vietnamese economy with the launch of a new weekly direct container shipping service linking Vietnam and the West Coast of North America.
Kaohsiung port sees signs of export slump bottoming out Taiwan's major international port is seeing signs that an export slump is near bottom, with a plunge in container traffic tapering off and workers in this industrial city taking less unpaid leave.
Toll invests in China The Toll Group has agreed to acquire full ownership of Shenzhen (China)-based ST-Anda Logistics. The company has reached agreement with the China Merchants Group to acqui...
Menlo gets new contract in Mexico Menlo Worldwide Logistics has been selected by Dana M'xico Corporacion S. de R.L. de C.V., the Mexico-based operation of the automotive industry supplier Dana Holding Cor...
SIL Barcelona: Pre-Register for free without waiting in line Attending the SIL Barcelona is easier than ever before, as you can pre-register for free without waiting in line. The organization of SIL and ITJ Logistics Worldwide invi...
Peter Gerber to succeed Roland Busch at Lufthansa Cargo Peter Gerber has been nominated for a seat on the executive board of Lufthansa Cargo by the steering committee of the company's supervisory board, with effect from 1 June. As the b...
US shipping execs jailed FOUR FORMER Jones Act box trade executives have been sentenced to lengthy prison terms, a Justice Department spokesperson confirmed to Fairplay today
MCA boss Cardy under fire MANAGEMENT of the Maritime and Coastguard Agency in the UK came under fire today as there were calls for immediate improvements within the organisation
Officers union opposes ship guns MEMBERS of the new Anglo-Dutch maritime professionals union Nautilus International have been strongly advised not to carry weapons on board ship for defence against piracy
Hansa Treuhand sees no funding gap GERMAN box ship owner Hansa Treuhand is not expecting any liquidity shortages among its 84 vessels this year
Knightsbridge suspends dividend KNIGHTSBRIDGE Tankers will not pay its quarterly dividend, in an effort to conserve cash for its foray into the drybulk sector
Singapore throughput slumps again BOX volumes have continued their downward spiral in the world's busiest container port of Singapore
NCL returns to profit NORWEGIAN Cruise Line returned to profitability in its first quarter, after suffering huge losses last year
Maersk Line abandons Göteborg Last year, Maersk Line merged several of its business areas and set up a regional office for the whole of Northern Europe with the head office in Göteborg ' now, the
Wärtsilä cuts hundreds of jobs Wärtsilä is adjusting its Ship Power business to reflect the current market situation by reducing the number of jobs by 400 to 450 persons, of which approximately 80 are in
Containerships back to Finland Eimskip will sell its shares in Helsinki-based Containerships Ltd Oy to the minority owner Container Finance Ltd Oy. The transaction is a part of the financial restructuring of Eimskip
Sweden criticised by NGO The NGO platform on shipbreaking accuses the Swedish government of accepting toxic shipbreaking on the beaches of poor countries by giving the green light to the IMO convention on shipbreaking
Finnlines to open passenger service to Poland Finnlines will start up a service between Helsinki and Gdynia with ro-pax vessels in the Finnstar class. Finnlines recently transferred two of these vessels from Nord' Link's service between
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