Company News

The latest news from companies at Pages.

1,304 days ago by arnekiel

Chinese COSCO, the shipping division of China’s biggest shipping group, has turned a 2009 loss of 7.47 billion yuan into a 6.86 billion yuan ($1 bn) profit for 2010. Containers handled by China COSCO increased to 6.2 million TEU, up 18.7% year-on-year while the company carried 280.1 million tonnes of drybulk cargo commodities which is up 3.15% on 2009. The company said in a statement that new ships would add 1.3 million TEU in capacity during 2011.

1,304 days ago by arnekiel

Gianluigi Aponte, President of the MSC Group, has been presented with the Seatrade Personality Award for 2011 (sponsored by ClassNK). The award is in recognition of his outstanding achievement in developing over 40 years, one of the world’s leading shipping groups, combining the world’s second largest container shipping fleet with a modern fleet of cruise vessels operating worldwide, a growing presence in the Mediterranean ferry sector and in port and terminal operations too.

1,304 days ago by arnekiel

New liner service to West Africa - Hapag-Lloyd is offering from this month a new weekly service between North Europe and West Africa (WAX). With West Africa Express (WAX), the following ports are underway: Antwerp, Hamburg, Thames port, Antwerp, Dakar, Lagos-Tincan, Tema, Abidjan San Pedro, then Antwerp. First departure is on 6 April from Hamburg on the ship "Portofino".

Mitsui OSK Lines, Ltd. (MOL) is developing an optimum trim system for vessels with Japan's research agency Akishima Laboratories (Mitsui Zosen) Inc. that can increase fuel efficiency by up to 4%. Pilot tests of the system, using a 6,400-unit car carrier, showed an increase of up to 4 percent in fuel efficiency compared to a conventionally equipped vessel.

1,305 days ago by arnekiel

Beluga shipping company apparently plans to move to Hamburg - To rehabilitate the company will leave its building in Bremen (at Teerhof), move to a smaller office, and at the end of 2011 to Hamburg. The companys name should then be changed into "Hansa Heavy Lift ".

1,305 days ago by arnekiel

Japanese shipping company NYK (Nippon Yusen Kabushiki Kaisha) wants to build new ships for the equivalent of six billion dollars - Due to the expected rise of large economies in China and India, for shipping a huge boost, this was announced during the presentation of the companys new four-year plan. Also the growth of the NYK fleet from current 820 to 960 ships in 2017 was stated. Under the expansion program the shipping company will invest about 1.33 billion U.S. dollars in new vehicle transporters. An additional 1.2 billion dollars will be spent for "small and medium-sized" bulk carrier. The tanker fleet will be expanded with about 241 million dollars. Furthermore NYK plans to spend 2.4 billion U.S. dollars for new LNG offshore and specialized vessels.

1,305 days ago by arnekiel

TUI’s sale of a 15% stake in Hapag-Lloyd to the Sultan of Oman is a better bet than an IPO for the German container line at present, The Royal Bank of Scotland says. Analysts at the bank have also welcomed talk that a second chunk of the company will be sold to Chinese airline HNA. “As freight rates continue to fall we think that a sale to a strategic investor (if one exists) could be a preferable option to an IPO,” said analysts Julia Winarso, Andrew Lobbenberg and Joe Spooner. They added: “A stake sale to a strategic investor with a longer term investment perspective could secure a better price than an IPO at this point.” As newspapers reported this morning an official at state-owned Onyx Investments has confirmed the Oman deal. TUI has yet to comment.

1,332 days ago by wehnert

Evergreen Line plans to launch a new ocean route from Northern China to Jakarta - the Hua-Bei-Indonesia (HBI) service. Source: Eyefortransport

1,332 days ago by wehnert

Hanjin Shipping, CNC and KMTC will launch a joint service connecting Japan and Indonesia on March 22nd. Source: Eyefortransport

1,334 days ago by cabul

Beluga Shipping announces restructuring March 3 - Beluga Shipping has responded to reports that its future ownership structure is in question with the announcement that the group is to undertake a comprehensive financial restructuring. This restructuring is aimed at ensuring that Beluga has the capital and cost structure to compete more effectively in the international shipping market. The company has said that a chief restructuring officer, Roger Iliffe, has taken over the position of Interim CEO following the request of Beluga's founder, Niels Stolberg to take a leave of absence. www.heavyliftpfi....

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