ICTSI net income edges up in first quarter 2013-5-24International Container Terminal Services Inc (ICTSI) posted net income attributable to equity holders of $40.7 million, up 15 percent over the $35.4 million earned in the same period last year.
APL takes 3rd of ten 14,000-TEUers 2013-5-24The container shipping arm of Singapore' Neptune Orient Lines (NOL), APL, has taken its third of ten 14,000-TEU ships built by Hyundai Samho for service on its Far East-Europe service.
Maersk charters seventh Hyundai-built 6,673-TEUer 2013-5-24Technomar, a Greek shipowner, has taken a delivery of seven of eight 6,673-TEU ships on order since 2011 from South Korea's Hyundai Samho of Mokpo, of which four are taken by its partner International Maritime Enterprises.
China Development Bank lends US$69 million to Paragon for ship finance 2013-5-24Athens' Paragon Shipping, a mostly drybulk shipping company has announced that it has signed a deal for a US$69 million credit facility with China Development Bank to partially pay for two 4,800-TEU vessels under construction, the Shipping Gazette informs.
Shipowners pleased IMO easing up ship waste water dumping rules 2013-5-24The International Association of Dry Cargo Shipowners (Intercargo) has expressed satisfaction that the UN's International Maritime Organisation (IMO) has eased rules on waste water dumping when no compliant portside facilities exist, the Shipping Gazette informs.
Hapag-Lloyd launches sixth 13,200-TEUer 2013-5-24Germany's Hapag-Lloyd is to launch the sixth of ten 13,200-TEU ships, the Essen Express, on Loop 5 of its G6 Alliance Asia-Europe following delivery by Hyundai Heavy Industries (HHI).
PIL launches second Far East-Red Sea loop 2013-5-24Singapore's Pacific International Lines (PIL) has started a new China-SE Asia-Red Sea (RS 2) weekly service focusing on the lower Red Sea ports and deploying seven ships with capacities of between 2,800 TEU and 4,200 TEU.
MSC to Raise Asia-Europe Rates 2013-5-23Mediterranean Shipping Co. will boost rates for all cargo on its route from Asia, excluding Japan and Bangladesh, to North Europe, the U.K., Scandinavia and the Baltics, effective July 1, by $750 per 20-foot-equivalent unit.
DFDS Loss Widens on Flat North European Cargo Markets 2013-5-23Denmark's DFDS reported its pre-tax loss in the seasonally weak first quarter widened to 118 million kroner ($ 20.5 million) from 98 million kroner ($17 million) a year earlier, as cargo traffic stalled on its key North Sea and Baltic shipping routes.
Cosco selling family silver to stay afloat 2013-5-23Chinese port operator Cosco Pacific has agreed to sell its entire 21.8 percent stake in container maker China International Marine Containers (CIMC) to its state-owned parent company for US$1.22 billion in cash.
Damen Stan Patrols 5509 for Guardia di Finanza Corp 2013-5-23Latest model in successful series to make its first appearance in Italy for patrolling tasks in Mediterranean basin waters.
G6 Alliance, Zim selected Shenzhen's Da Chan Bay terminal 2013-5-23The G6 Alliance and Zim have selected Shenzhen's Da Chan Bay terminal for its tranpacific New Asia-US East Coast Service (SCE), the terminal operator announced.
Cosco to beef up transpacific CEN service with Evergreen, Wan Hai 2013-5-23Cosco is to increase capacity 45 per cent on its transpacific CEN service with Evergreen and Wan Hai taking slots, reports Alphaliner.
Thome Group continues to expand its global footprint 2013-5-23Thome Group, Singapore's first independent and now leading ship manager, proudly celebrates its 50th anniversary this year as it continues to expand its global footprint.
Israeli Government Pledges to End Ports' Monopoly 2013-5-22The Israeli government is planning to issue a tender to build a privately run seaport in the coming months, pledging to end the monopolies of the two main ports of Ashdod and Haifa, Haaretz reports .
Carriers Maintain Asia-Med Capacity Despite Euro Crisis 2013-5-22Ocean carriers are paying a heavy price for failing to rein in capacity on the Asia-Mediterranean route despite the deepening economic crisis across southern Europe, according to shipping consultant Drewry.
Rickmers Maritime Rights Issue Oversubscribed 2013-5-22Singapore's Rickmers Maritime Trust said its 101.7 million rights issue was 1.5 times oversubscribed.
Investors shun CIMC bond sale 2013-5-22State-owned China International Marine Containers (CIMC), the world's largest producer of shipping containers, has postponed a bond sale after global fund managers baulked at the interest rate, according to two people with direct knowledge of the matter, reported Dow Jones Newswires.
RS class assigned to deep water diving system 2013-5-22Russian Maritime Register of Shipping (RS) has accepted MGVK-300 diving system to its class. The system is a modular setup for deep diving designed for simultaneous work of 9 persons at a maximum depth of 300 metres. This is the first diving system in RS class designed to operate at such a depth.
MARTIN BENCHER has been awarded ISO 9001:2008 Certification 2013-5-22The MARTIN BENCHER GROUP, a professional shipping and forwarding service provider announced that it has been certified a standard of ISO 9001:2008 in Scope of Supply for transport and handling of cargo.
