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Hanjin sees revenue up slightly in 3Q
Hanjin Shipping announced its 2011 3Q business results with revenue of KRW 2,468.8 billion, an operating loss of KRW 135.1 billion, and a net loss of KRW 85.9 billion.
A Hanjin Shipping representative explained, ¡°Despite the supply cut to balance its container sales income and expenses, revenue saw a 3.2% upturn to KRW 2,468.8 billion thanks to a 7.7% increase in bulk rates and a 1.7% rise in total volumes.¡±
| DATE : 2011.11.14 |
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Port of Busan keeps growing with transshipment cargoes
The Port of Busan saw container volume increase by double-digit figures last month thanks to a jump in transshipment cargo volumes.
The Minister of Land, Transport and Maritime Affairs (MLTM) announced the Port of Busan¡¯s total volumes rose 16.9% up to 1,377,000 TEU compared with the same period last year. Due to an increase in trade between China and Russia, its import and export volumes climbed 9.2% to 737,000 TEU.
| DATE : 2011.11.11 |
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Seaspan sees great gains in 3Q
Seaspan Corporation announced its financial results for the three and nine months ended September 30, 2011.
In Q3, the company¡¯s net earning increased 30.6% to USD 34.132 billion compared with the same period last year. From January 1 to September 30, net earning reached USD 87.953 billion, jumping 29.3% over a year ago.
| DATE : 2011.11.10 |
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Kuehne + Nagel plea agreement approved by U.S. court
The United States District Court for the District of Columbia has approved the plea agreement between Kuehne + Nagel International AG and the U.S. Department of Justice previously entered into on September 30, 2010.
Kuehne + Nagel has agreed to pay a fine of approximately USD 9.9 million under the plea agreement to resolve allegations that international freight forwarders coordinated their activities with respect to establishing certain surcharges.
| DATE : 2011.11.10 |
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KLC¡¯s major shareholder changes
Korea Line¡¯s (KLC) largest shareholder changed to Danish Lauritzen Bulkers A/S from Lee Jin-Bang, CEO of Korea Lines on October 26th.
The Danish carrier holds 765,114 shares, or a surprising 5.12%. On the other hand Mr. Lee and 13 persons, all ex-major shareholders, hold 303,659 shares, down from 17.67% to 2.03% of the company's shareholding.
| DATE : 2011.11.07 |
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MCC introduces East Malaysia feeder service
MCC Transport recently announced the launch of its new East Malaysia feeder service (MA-2), offering direct coverage of East Malaysian ports.
The MA-2 service is a 10 day rotation, covering the ports of Tanjung Pelepas - Singapore - Kuching - Muara - Kota Kinabalu - Tanjung Pelepas.
| DATE : 2011.11.07 |
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Hapag-Lloyd withdrawn it¡¯s Fareast trade
Hapag-Lloyd is adjusting its Fareast service.
Starting the week of November 14, 2011 Hapag-Lloyd¡¯s four Asia-Europe services will be adjusted to three weekly services with the EUD service being temporarily withdrawn.
| DATE : 2011.11.04 |
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K-Line launched ZEN-NOH GRAIN MAGNOLIA
K-Line recently announced the launching of ¡°ZEN-NOH GRAIN MAGNOLIA¡±, an 82,000 DWT-type Kamsarmax bulk carrier at the Fukuyama Tsuneishi Shipyard of Tsuneishi Shipbuilding Co., Ltd., Japan on October 26, 2011.
| DATE : 2011.11.04 |
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COSCO suffers great loss in 3Q 2011
China COSCO Holdings Company Limited announced its financial results for the third quarter of 2011.
China COSCO recorded revenues of RMB 18.229 billion for the third quarter of 2011. Net profit attributable to equity holders of the Company was RMB -2.066 billion. Basic earnings per share were RMB -0.2.
As of September 30, 2011, total assets of the Group were RMB 156.664 billion, an increase of 3.8% from the same period last year. As September 30, 2011, cash and cash equivalent was RMB 43.106 billion.
| DATE : 2011.11.03 |
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HMM estimated as top green management company from CDP
Hyundai Merchant Marine (President Suk-Hui Lee) received the ¡®Carbon Management Industry Leader¡¯ award from ¡®2011 Carbon Disclosure Project (CDP) Korea¡¯ on October 26th. Paul Simpson, CEO of CDP UK, and Ji-in Jang, CDP Korea's chairperson participated in the ceremony.
| DATE : 2011.11.03 |
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