Maersk in red for first time with $1.3b loss 2010-3-8AP Moller Maersk has announced a 2009 net loss of US$1.31 billion, after a $3.33 billion profit the previous year, amid a collapse in global trade, the Wall Street Journal reported.
ICTSI income contracts 15% 2010-3-8Port operator International Container Terminal Services (ICTSI) suffered a 15 percent drop in its net income to US$54.9 million in 2009 from $64.2 million in 2008 due to lower volumes and higher interest and depreciation expenses, the Philippine Star reported.
Horizon extends terminal deal 2010-3-8Horizon Lines, a shipping company that serves Alaska and Hawaii, will continue using the Port of Tacoma for another six years, the New Tribune reported.
Cape Town container terminal plan on track 2010-3-8A three-year programme of development at Cape Town's container terminal is expected to be completed at the end of this year, the Star reported.
'K' Line to change Asia-North America route 2010-3-8K Line, a member of CKYH Alliance will make modifications to its Japan/Asia - North America West Coast services in April 2010.
Forwarders and airlines must be more flexible on capacity 2010-3-5Forwarders and airlines need to set up far more flexible capacity agreements to cope with the increasingly difficult task of forecasting demand, according to Kuehne + Nagel (KN).
Qingdao Port to shift strategy 2010-3-5Qingdao Port, the seventh-largest port in the world, is gearing up to tweak its business strategy to focus more on the import side, according to Chang Dechuan, president of the port, China Daily reported.
New World Alliance revamps US service 2010-3-5The New World Alliance (TNWA) carriers - APL, Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL) - have announced plans to revamp the Pacific Southwest Express (PSX) service.
Maersk, Horizon to end TP1 slot charter 2010-3-5The slot charter agreement between Horizon Lines and Maersk Line on the TransPacific 1 (TP1) service will cease in December 2010.
Qingdao Port to shift strategy 2010-3-5Qingdao Port, the seventh-largest port in the world, is gearing up to tweak its business strategy to focus more on the import side, according to Chang Dechuan, president of the port, China Daily reported.
Horizon to launch alternative to slow-steaming 2010-3-4Horizon Lines is to launch a high-speed transpacific liner service between Asia and the US west coast to take advantage of the shortage of capacity and increased transit times of other services caused by slow-steaming.
Teesport sees box volumes grow 2010-3-4PD Ports'Teesport facility is expecting its container traffic to increase by around 30-40% over the next six months, thanks to its port-centric logistics services.
Westports expects to handle more TEUs this year 2010-3-4Westports Malaysia expects the terminal to handle 5.2 million TEUs this year, up from 4.5 million last year, said its executive chairman G. Gnanalingam.
Tianjin Port's expects throughput to hit 400m tonnes in 2010 2010-3-4Tianjin Port Group, the largest port operator in North China, is expected to handle 400 million tonnes of cargo this year, chairman Yu Rumin told China Knowledge Press.
North Harbor labour dispute to end soon 2010-3-4The consortium operated by corporate titan Manuel V. Pangilinan and businessman Reghis Romero III is hopeful that the ongoing labour dispute at the Manila North Harbor will soon come to an end, allowing them to formally take over the country's busiest but inefficient terminal, according to The Philippine Star.
UAFL appoints John Good 2010-3-3United Africa Feeder Line (UAFL) has appointed John Good Shipping as its agent in the UK.
Euroseas eyes boxship buys 2010-3-3Euroseas will target boxship purchases this year, despite predicting that the container market will remain at "very low levels".
Volumes at Colombo port keep growing 2010-3-3The Sri Lanka Ports Authority (SLPA) said port volumes are beginning to improve, after volumes fell in 2009 because of the global economic crisis, reported The Financial Daily.
Tuticorin port launches new service to Dubai 2010-3-3A new international container shipping service, connecting both the east and west coasts of India with Jebel Ali (Dubai), was launched at Tuticorin port on Monday, according to The Hindu.
Omani port to issue tenders for expansion work 2010-3-3Oman's Port of Salalah plans to issue tender documents for construction work on the US$120 million expansion of the port''s general container terminal to begin by the end of March, Meed reported.
