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One of China’s largest container companies Orient Overseas Container Line (OOCL, Hong Kong) received a new container vessel OOCL New Zealand with a deadweight of 4,500 TEU.
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The Danish shipping company Maersk Line announced another rate increase. This time the company increases the freight rates for all shipments from the ports in Northern Europe and the Western Mediterranean to West Africa.
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The Taiwanese container line Evergreen has included the port of Teeseport, which is situated in the North-East of Great Britain, in the number of its weekly sea routes.The port is currently owned by the British holding PD Ports.
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Seaspan Corporation has received a new container vessel with a capacity of 5,100 TEU which had been ordered at the Hyundai Heavy Industries shipyard.
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According to market research study published by the German company Lloyds Fonds (Hamburg), the decline in container cargo volumes will continue for several years and the container industry won’t recover before 2012.
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Kawasaki Kisen Kaisha Ltd. (K-Line), Japan’s third largest container line in terms of sales, has signed a long-term contract for shipping iron ore with the Chinese Anshan Iron and Steel Group.
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A.P. Moller-Maersk Group plans to sell 9.2 billion crones worth of its own shares ($1.8 billion).
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The German shipping company Hapag-Lloyd, which is currently experiencing serious financial difficulties, is now facing new obstacles on its way to receiving state guarantees.
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COSCO Pacific, one of China’s largest port operators, announced the plans to expand its foreign networks of container terminals and to increase its shares in the terminals of other companies.
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The Danish company A.P. Moeller-Maersk does not plan to invest in its core container business. The company’s CEO Niels Andersen said that $1.8 billion received from selling the company’s shares will be used for investing in other business areas.
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DHL launches a weekly LCL service from the Vietnamese port of Ho Chi Minh to Hamburg, Genoa, and Los Angeles.
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The Hong Kong based investment and development company NWS Holdings announced the plans to invest some $1.76 billion in the development of railway container cargo infrastructure in China.
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The combined Asian service by China Shipping Container Line (CSCL) and CMA CGM began weekly callings at the container terminal in Khor Fakkan (UAE) which is currently being managed my the Emirate company Gulftainer and the port administration of Sharjah. The terminal will be servicing CSCL vessels with capacity of 8,5 thousand TEU.
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Maersk has launched a new container service from the South Korean port of Busan to Vostochny port. The company will ship its cargo to Vostochnaya Stevedore Company (VSC) terminal.
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The Hong Kong based Orient Overseas Container Line (OOCL) announced the company would launch a program aimed at recovering the freight rates.
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CKYH Alliance, which includes container lines COSCO, K-Line, Yang-Ming, and Hanjin Shipping, has decided to rationalize its services on the Asia-Northern Europe/Mediterranean routes.
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Asia’s largest shipping company China COSCO Holdings Co. has announced the plans to cancel the orders for delivering new container vessels after it had recorded a net loss of $632 million from its container business.
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The profits of the UAE based DP World, one of the world’s largest container terminal operators, decreased by a third during the first half of 2009 due to “very difficult operational conditions”.
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The European Bank for Reconstruction and Development (EBRD) will provide a credit of $37 million to Odessa Terminal Holdco Ltd. for expanding the handling capacity of container terminal in the port of Odessa.
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The container turnover volumes in Lithuania’s main port - the port of Klaipeda - declined by 32.5% during January-July 2009 period compared with the same period of 2008 and reached 144.361 thousand TEU.
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