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FESCO has published its annual audited financial report for 2008 according to the International Accounting Standards (IAS).
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The leading New Zealand logistics operator NZL Group plans to apply to court and sue the port of Tauranga.
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The container traffic in the port of Antwerp fell by 18.6% during the first six months of 2009 compared with the same period of 2008 and reached 3.6 million TEU.
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The Philippine port operator International Container Services Inc. (ICTSI) has expanded its terminal in Brazil and invested in it $120 million.
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The National Container Company (NCC) and Ukrtranscontainer report that on the 15th of July the management of the Illichivsk Commercial Sea Port broke into and practically seized the information and technology center of Ukrtranscontainer.
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LLC “Firm “Transgarant” has provided the audited consolidated results of its operations prepared in accordance with the international accounting standards (IAS).
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Starting from March of 2009 the Austrian logistics holding Helogistics plans to launch a new regular river cargo service from the Romanian port of Constanta to the ports on the Danube.
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Vietnamese scientists and representatives of the transport industry have put forward an initiative to review the program of constructing a new container port in Wan Fong (the central part of the Southern coast of Vietnam).
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Orient Overseas Container Line (OOCL, Hong Kong), one of China’s largest container lines, reduced its revenues during the second quarter of 2009 by 42.6% compared with the same period of 2008 to $896.6 million.
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During the first half of 2009, Neva Metal, the subsidiary company of Severstal Russian Steel, doubled its container transshipment volumes compared with the similar period of 2008 to 21.150 thousand TEU.
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In June the port of Singapore serviced 17% less containers than during the same period last year. Since May the container turnover remained unchanged.
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The Israeli shipping company Zim announced it had received the first out of twelve container vessels it had ordered. Zim Los Angeles has a capacity of 8,400 TEU. The second container vessel to be delivered in two weeks time - Zim Djibouti - has a capacity of 10,000 TEU.
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The port administration of Sri Lanka (SLPA) plans to invest $1.2 billion of state money and $500 million worth of private investments in the development of the country’s ports.
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The largest port operator is being created in China. Hebei Port Group is situated in the Hebei region of China. The company is a state-owned enterprise that includes the ports of Qingdao, Tsaofeydyan, and Xuange, as well as some 40 smaller ports in the Bohai Sea.
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The administration of Panama Canal has announced the plans for modernizing and expanding the canal which should allow it to keep its positions as one of the most important infrastructure facilities of the world transportation system and the global trade.
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The shareholders of Germany’s largest container line Hapag-Lloyd are planning to provide financial support for the company during the crisis.
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DHL has announced that the company would launch new weekly LCL services connecting Bangkok with Los Angeles, Hamburg, and Tokyo. Less Than Container Load (LCL) will attract cargo loads that don’t have enough volume to fill in a standard container.
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The 500th container train by JSC TransContainer carrying automobile parts for Volkswager Group Rus plant arrived in Kaluga.
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The contest for choosing an investor for the project of developing the container terminal in Odessa Commercial Sea Port on the Karantinny Mol has completed. The winner is Ukraine PPC, the subsidiary company of the German Hamburg Port Consulting GmbH.
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Container lines members of the Transpacific Stabilizing Agreement (TSA) - APL, Cosco Container, Evergreen Marine, Hanjin, Hapag Lloyd AG, Hyundai Merchant Marine Co., Kawasaki Kisen Kaisha Ltd., Mediterranean Shipping Co., Nippon Yusen K.K., Orient Overseas, Yangming Marine Transport Corp., and Zim Integrated Shipping Services - agreed to lift up their shipping rates on the Asian-American direction in order to stop the price war caused by low demand and excessive tonnage.
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