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    Port of Savannah leads recovery pack, dredging becomes vital

    04-22-2010
  • US port recovery is in "full bloom" with the Port of Savannah leading the pack with first quarter results the best on record after the worst recession in container shipping since 1956, said Georgia Ports Authority execut..

    • Rizhao Port's net profit surges 89.77% in Q1

    04-22-2010
  • Shanghai-listed Rizhao Port Co Ltd, a subsidiary of China Rizhao Port (Group) Co Ltd, last week said that its net profit attributable to the parent for the first quarter of this year was RMB 103 million, up 89.77% from t..

    • Asian shipowners lament new range of global restrictions

    04-22-2010
  • The Asian Shipowners Forum Ship Insurance and Liability Committee, at its recent meeting in Hong Kong, has expressed concerns about new Chinese pollution laws, aspects of the Rotterdam Rules, US sanctions on Iran shipmen..

    • Evergreen and Coscon to split ESA service

    04-22-2010
  • To meet market demands, Evergreen Line and Coscon will divide the existing Far East and South Africa/ East Coast South American (ESA) service, which is operated jointly by both carriers.  The new routes effective mi..

    • NYK ships quake relief boom trucks free to Chile

    04-22-2010
  • NYK HAS provided free ocean transport for three boom-trucks donated by Tadano Ltd to the Chilean government. The trucks will play a part in the county's reconstruction programme targeted at the quake's worst hit areas. ..

    • Damco opens contract logistics facility in Hong Kong

    04-22-2010
  • Moller-Maersk forwarding and logistics arm Damco has opened a new 8,000 square metre contract logistics facility in Hong Kong. The facility is designed to offer domestic and export distribution as well as trucking, dray..

    • Hapag-Lloyd, Evergreen Line hike India rates

    04-22-2010
  • Hapag-Lloyd will implement a general rate increase for cargo moving on its services from the Indian Subcontinent and Southeast Asia to New Zealand. Effective May 1, the planned increase will be $300 per 20-foot equivale..

    • COSCO Shipping to sell RMB600 mln 5Y notes Apr. 28

    04-22-2010
  • The following are the details for the issuance of COSCO Shipping Co., Ltd.'s 5-year corporate notes: Issuer (full name) COSCO Shipping Co., Ltd. Guarantee unsecured Registered amount RMB600 mln Offering amount RMB600 mln..

    • Xi'an bonded logistics center to open

    04-21-2010
  • Northwest China's first state–level bonded logistic center, Xi'an Bonded Logistic Center, has been approved by the government and will put into operation within 20 days. The planned area of the center covers 3.3 square..

    • Feds charge subsidiaries of Kuwaiti logistics firm

    04-21-2010
  • Two subsidiaries of a major military food supplier charged with inflating prices and defrauding the U.S. government have also been charged in federal court. Prosecutors said in a court hearing Monday they have extended ..