Oceania

Wednesday, June 05, 2013

   Air New Zealand has dropped its challenge against the New Zealand Commerce Commission and will plead guilty to price-fixing charges.    The carrier had kept up its case while, over time, 10 carriers involved in the commerce commission’s investigation, which began in December 2008, pleaded guilty to fixing prices and surcharges on cargo shipments to the country. Most recently, Cathay Pacific Airways, Thai Airways and MASkargo admitted fault, paying $9.6 million in total for their c...

Monday, June 03, 2013

   The International Air Transport Association bumped up its global airline profitability by $2.1 billion to a projected $12.7 billion in 2013. The industry generated $7.6 billion in profits last year.    Despite the increase, and a new prediction of $711 billion in revenues this year, the industry’s profit margin will remain low at 1.8 percent. In 2010, the industry saw a profit margin of 3.3 percent, its highest since 2001 and best since 2007’s profit margin of 2.9 percent. This ye...

Wednesday, May 22, 2013

   Non-vessel-operating common carrier Shipco Transport will start a joint venture with its longtime partner and agent Profreight in Auckland, New Zealand.    Shipco New Zealand will take over all activities currently handled by Profreight in Auckland and will be staffed with the current Profreight employees. Gary Sayles will serve as managing director of the office.     “We are looking forward to expanding our local relationships and developing new services,” Say...

Wednesday, May 22, 2013

   Non-vessel-operating common carrier Ecu-Line has made several changes to its Far East management.    “This step has been taken as part of the long-term development strategy for the region,” the company said.    Already in February, Uday Shetty was appointed the new chief operating officer for the Asia-Pacific region. Today, Ecu-Line said Mike Dye, currently regional chief executive officer for Asia-Pacific, will leave the company.    Dye, who has headed the reg...

Tuesday, May 21, 2013

   Evergreen Line, Pacific International Lines, Sinotrans and Yang Ming have announced they will cooperate on a new service between China, Taiwan, and Australia.    The China-Australia-Taiwan (CAT) service will be operated with six vessels of 4,250 TEUs. Evergreen Line and Yang Ming will contribute two vessels each while Pacific International Lines and Sinotrans will provide one each.    Commencing on June 7, the vessels will call on a weekly basis Ningbo, Shanghai, She...

Tuesday, May 21, 2013

   Polar Air Cargo Worldwide is adding two weekly flights between Hong Kong and Cincinnati in June.    The airline will also add two Boeing 767-300 freighter services between Asia and Australia starting next month.    The first 767-300 all-cargo flight will operate via Tokyo, Sydney and Incheon, with the second providing service to Taipei, Nagoya and Incheon.    “We are continuing to enhance our network to ensure that we meet our customers' demand for capacit...

Thursday, May 16, 2013

   The Kahala Posts Group (KPG), an alliance of 10 postal administrations around the world, has signed a deal with the global trade management solutions provider Amber Road aimed at increasing their competitiveness in the international delivery market.    KPG member organizations include the Australian Postal Corp., China Post Group, Correos y Telégrafos SAE, Groupe La Poste, Hongkong Post, Japan Post Co., Ltd., Korea Post, Royal Mail Group, Ltd, Singapore Post Limited and the U.S. Po...

Tuesday, May 07, 2013

   Matson, a container carrier offering services between the U.S. mainland and Hawaii and Guam, as well as an eastbound service from China, said it had a profit of $9.1 million in the first quarter, ending March 31, compared to a profit of $3.8 million in the same 2012 period.    Revenue for the first quarter of this year was $394.7 million, compared with $366.1 million in the same 2012 period.    Revenue from the company's ocean transportation services was $299.9 mill...

Friday, May 03, 2013

   Wallenius Wilhelmsen Logistics (WWL) has been selected as a bidder for the redevelopment of the Webb Dock West automotive terminal by Australia’s Port of Melbourne Corp.    WWL currently operates 11 terminals throughout Europe, the Americas and Asia. The company said the Webb Dock West’s proximity to Melbourne’s Central Business District provides a “unique chance for a new port operator to demonstrate how a terminal operation can integrate with Melbourne’s residential and commerci...

Friday, April 26, 2013

   The Austrian freight forwarder ACS Logistics will use the ediEnterprise solution of logistics software developer CargoWise.    ACS was founded in 2011 and is managed by industry veterans Gerald Kleeberger, Ulrich Hartwig and Thomas Sticht. It offers global air and ocean freight, as well as integrated logistics solutions in Austria.    “We see ourselves as a ‘next generation’ LSP capable of applying the most advanced technologies in order to run a truly lean organization,”...

Thursday, April 25, 2013

   Cathay Pacific Airways, Thai Airways International and MASKargo have been fined a combined $9.6 million by the High Court of New Zealand for engaging in cargo price fixing activities.    The three carriers pleaded guilty to various violations occurring from February 2000 to February 2006.    Cathay paid the largest fine, $4.3 million, for setting fuel and security surcharges on flights from India to New Zealand, among other routes. Thai, which paid $2.7 million, illegally...

Monday, April 22, 2013

   Mobile, Ala.-based ASF Logistics has expanded into the Australian market, opening an operation in Melbourne and affiliate offices in Adelaide, Brisbane, Darwin, Perth and Sydney.    Stephen Chard, ASF's president, said the company has been involved in the Australian market for a long time, so the move into Australia just made sense. Chard will oversee Australian operations - which will include customs clearance, storage, warehousing, delivery and more - from Mobile. Day-to-day ope...

Tuesday, April 16, 2013

   Information technology is still predominantly conducted outside of the cloud in Australia, according to research by the global analyst firm Ovum.    A recent survey of 63 chief information officers in Australia found that three-quarters of IT activities were provided by in-house IT departments.    “It is always difficult to assess the true rate of cloud services adoption – and to sift fact from fantasy,” said Steve Hodgkinson, research director for Ovum’s Asia-Pacifi...

Monday, April 15, 2013

   The United States and Japan on Friday announced they had reached agreement on Japan's participation in negotiations for a Trans-Pacific Partnership trade agreement.     Japan last month signaled its willingness to join the TPP and would become the 12th nation in the talks once approved by the current partners. As the world's third largest economy, it's participation would make a Pacific Rim trade bloc extremely powerful, accounting for nearly 40 percent of global GDP...

Monday, April 15, 2013

   The liner carrier Mediterranean Shipping Co. said Monday it plans to hike rates from the U.S. West Coast to the Oceania region on June 1.    The increase is $200 per 20-foot container and $400 per 40-foot container.

Wednesday, April 10, 2013

   DHL is planning to enhance its services in Asia, introducing additional widebody plane capacity for routes between Asia and the Americas and adjusting its intra-Asian network.    The changes will take effect later this month.    Among the changes is a daily, direct flight on a Boeing 747-400 freighter between the industrial city of Nagoya, Japan, and DHL’s hub in Cincinnati. This flight, which returns via Tokyo, will improve DHL’s next-day services between the count...

Wednesday, April 10, 2013

   Toll Global Forwarding has broken ground on a 2.65-acre, 70,000-square-foot facility near London Heathrow's cargo village.    The development, which will include 50,000 square feet of warehouse space, replaces Toll's previous facility, which was purchased in its deal for WT Cargo in 2011. Delivery is expected in October.    “This new base at Heathrow will provide us with better access to the airport’s cargo terminals, improve our operational efficiency and enhance our cu...

Friday, April 05, 2013

   Consolidators International (CII) and the Swiss forwarding company Cotrafi-Gondrand Tahiti have signed an exclusive agreement for the Los Angeles-based company to handle air and sea freight from the United States to the islands of French Polynesia.    Each company will act as an agent for the other in cooperating sales efforts and operations in their respective territories.    Cotrafi-Gondrand has operated for many years as a trading company in French Polynesia. It has a ...

Friday, March 15, 2013

   The Japanese government announced it intends to join the Trans-Pacific Partnership negotiations.    The TPP is a free trade agreement currently under negotiation between 11 countries, including Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.    Trade groups welcomed the possibility of including Japan in the TPP.    “The inclusion of Japan – the third largest economy in the worl...

Thursday, March 14, 2013

   Several container carriers will combine two services operating between Southeast Asia and Australia next month into a single string employing larger ships.    The new service will be operated by Hapag-Lloyd, China Shipping, Hanjin, RCL, and United Arab Shipping Co., with ANL, Hyundai Merchant Marine and OOCL buying slots.    Five vessels with capacities of 3,400 to 3,600 TEUs will participate in the new service, which is designated as the ASAL or SAL (by Hapag-Lloyd) or A...

Friday, March 08, 2013

   The Martin Bencher Group, a Denmark-based freight forwarder, has opened a new office in Sydney, Australia.    Josefin Ahlgren will manage the office. She has been with the company for over seven years, during which time she has opened and managed Martin Bencher´s office in Stockholm, Sweden, and recently served as quality manager.    “Martin Bencher has a number of active customers already in Australia – in order to service them in the best way possible, w...

Thursday, February 28, 2013

   Ocean carrier Maersk Line said it will end its Oceania PSW service , between Los Angeles, Oakland, Australia, New Zealand and the Fiji Islands.    The company said in note to customers that  it "remains committed to serving the trade. We will replace the 'PSW' service with use of our existing reliable Pacific network, connecting with Oceania through our transshipment hubs in Asia."    It said the last southbound sailing of the Oceania PSW service will leave Los Ange...

Tuesday, February 12, 2013

   Australia is set to gain 42,000 jobs from the transport industry over the next five years, bringing the total transportation workforce to more than 622,000 workers.    But according to a report by the government’s Department of Education, Employment and Workplace Relations, most of these gains will be experienced in just two arenas.    Total transportation employment in Australia will grow by 1.4 percent per year until 2017. Within that larger field, air and space transpo...

Friday, February 08, 2013

   Higher cargo volumes to Guam helped Matson report higher profits in the fourth quarter and for all of 2012.    Horizon Lines, Matson’s main competitor in the U.S. mainland-to-Hawaii trade lane stopped serving Guam in late 2011 when it discontinued its U.S. West Coast-Guam-China service.    Matson said it carried 25,500 containers between the U.S. mainland and Guam in 2012, 67.8 percent more than the 25,500 it carried in 2011.    Matson said it had fou...

Monday, February 04, 2013

   The New Zealand-based terminal operating software developer Jade Software has won a deal to provide a terminal operating system for five mixed cargo facilities in the U.S. Southeast.    The terminals, operated by Diversified Port Holdings, include two in Jacksonville, Fla., and one each in Mobile, Ala.; New Orleans; and Port Everglades, Fla. Jade's Master Terminal suite will be used at the terminals.    “(The contract) is sizable in dollar terms and will also a...

Thursday, January 24, 2013

   A new independent shipping line has been established to serve the Pacific island markets.    The new carrier, Greater Pacific Shipping (GPS), is a partnership between three regional carriers - Pacific Direct Line (PDL), Sofrana Unilines (Sofrana) and Swire Shipping, the liner shipping division of The China Navigation Company (CNCo). PDL is a subsidiary of Pacific International Lines (PIL), one of the top 20 global carriers.    The new line’s services will connect New Zeal...

Monday, January 21, 2013

   Qantas Freight and Australian air Express have officially become one, adding more destinations and service levels for cargo customers.    While the merged carrier has already set up a central point to manage all freight capacity on domestic and international flights, officials are still working on intermingling services on a single air waybill and creating a single sales function.    Employees of Australian air Express are due to move to Qantas buildings by March or Apri...

Thursday, January 17, 2013

   Genesee & Wyoming only experienced a few days of controlling RailAmerica’s rails in 2012 due to approval of the merger by the U.S. Surface Transportation Board that didn’t come down the pike until Dec. 28, and it is the hope that the acquisition will offer improved volume numbers for January.    Without RailAmerica, GWR saw a 9.1-percent year-over-year decrease in December traffic — volume fell 7,480 carloads from last year’s total of 74,529 carloads — on its way to a quarter-...

Monday, December 31, 2012

   The U.S. Export-Import Bank will finance a $1.8 billion direct loan to BG Energy Holdings Ltd. to support U.S. exports for a natural gas liquefaction (LNG) project in Queensland, Australia.    This is the bank’s second LNG project in Australia, and it will support an estimated 9,200 American jobs.    Ex-Im Bank’s financing will cover about $1.8 billion in goods and services related to the construction of the Queensland Curtis LNG Plant Trains.    Earlier this y...

Thursday, December 27, 2012

   Matson said Wednesday it will acquire the primary assets formerly owned by Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand, that has been in business since 1968.    The assets include four vessels and about 1,500 pieces of container equipment. The financial terms of the deal were not disclosed. The transaction is expected to close before the end of this year.    "With this acquisition, Matson continues to expand its geog...

Wednesday, December 26, 2012

   The competition watchdog in Australia sees no issue with a proposed freight and passenger alliance between Emirates Airline and Qantas Airways, approving the draft agreement, subject to conditions, for five years.    “The ACCC considers that the alliance is likely to result in material, although not substantial, benefits to Australian consumers,” Rod Sims, chairman of the Australian Competition and Consumer Commission, said in a statement. “The ACCC is of the view that the main ben...

Monday, December 17, 2012

   CEVA Logistics will sell its Pallecon business, an intermediate bulk container (IBC) services provider with operating divisions in Europe and Asia-Pacific, to Brambles Ltd. of Australia for $177 million.    Pending approval, CEVA expects the transaction to close in the first quarter of 2013.    According to a Brambles press release, it will fund the purchase from bank-borrowing facilities. Pallecon’s management team will stay in place under the new ownership.   ...

Thursday, December 13, 2012

   Mariana Express Lines Ltd.  (MELL), a regional ocean container carrier offering service between islands in the Pacific Ocean and Asia and Australia, said Thursday it will launch a U.S. West Coast service to select Micronesia locations starting Dec. 15.    The carrier’s new Micronesia Express service will offer weekly departures from Los Angeles, Oakland and Tacoma to the Pacific islands of Majuro, Pohnpei, Chuuk, Yap, Palau and Saipan.    Horizon Lines will ser...

Thursday, December 13, 2012

   Craig Perciavalle was promoted to president of Austal USA, the subsidiary of Australian shipbuilding company, Austal Ltd.    He most recently served as senior vice president of operations. Perciavalle joined Austal USA in 2007, serving in a number of senior management positions while overseeing the company's transition from a small commercial shipyard to a modular manufacturer of the U.S. Navy’s Littoral Combat Ship and Joint High Speed Vessel. Today, Austal USA is America's large...

Wednesday, December 12, 2012

   Cathay Pacific and Singapore Airlines are the latest casualties in cargo price-fixing scandal, settling their cases and agreeing to pay fines levied by the Federal Court of Australia of $11.25 million and $11.75 million, respectively.    These stand as two of the largest fines ever ordered in Australia. The Australian Competition and Consumer Commission, the group leading the charge against alleged price-fixing carriers in Australia, is continuing its case against Air New Zealand a...

Monday, December 10, 2012

   In 1909, explorer Ernest Shackleton left behind bottles of 1896 Mackinlay's Rare Old Highland Malt Whisky during an expedition in Antarctica.    After being found in 2010, the whisky was flown to New Zealand for thawing and then three bottles were shipped to Scotland, where distillery Whyte & Mackay analyzed the liquor for mass production. Recently, DHL Global Forwarding undertook a complex logistics operation, involving both air and road transportation, to bring the bottles f...

Thursday, December 06, 2012

   Air Menzies International has helped complete a multimodal logistical maneuver, working with its customer Forwarding Direct to transport AUS$4.3 million ($4.5 million) of food machinery weighing 24,700 kilograms on an Ilyushin 76.     London-based Air Charter Service chartered the plane, which was operated by Jordan International Air Cargo. Shipped from Courville-sur-Eure, France, to South Dandenong, Australia, the goods were destined for the Gippsland Dairy, where they ...

Monday, November 26, 2012

   Global liner reliability reached a record high in October, according to measurements by the maritime analyst SeaIntel.    On-time performance increased to 84 percent, driven by improvements in 25 out of the 32 trades covered by SeaIntel’s reliability index. The top three performers globally were Maersk Line, Hamburg Süd and Hanjin Shipping, marking the first time Hanjin has made it into the SeaIntel’s monthly top three.    However, using a more stringent measurement of on...

Friday, November 16, 2012

   GAC Pindar has entered a partnership with freight forwarder TNL International to offer specialized marine leisure logistics services to the growing Australasian market.    The new partnership, named TNL GAC Pindar, is based in Auckland, New Zealand. It serves Australia, New Zealand and the Pacific Islands, providing a complete package of services, including yacht transportation; superyacht services; air, sea and road freight; agency services and specialized superyacht bunkering. &n...

Friday, October 26, 2012

   The Singapore-based ocean carriers Orient Overseas Container Line and Pacific International Line, along with vessel partner Mitsui O.S.K. Line of Japan, have added a new port call at Fremantle, and an additional vessel to their joint weekly AAA1/AAB service between Southeast Asia and Australia.    Roundtrip voyage time on the AAA1/AAB has increased from 28 days to 35 days and transit times in both directions on the service have been increased by a few days, now taking 11 days from ...

Friday, October 26, 2012

   Maritime New Zealand (MNZ) said Daina Shipping Co., the owner of the containership Rena which went aground off the coast of Tauranga last October, pleaded guilty on a charge related to discharge of harmful substances and was fined $300,000 New Zealand dollars ($246,798) on Friday in Tauranga District Court.    Daina is a subsidiary of the Greek containership leasing company Costamare.    “The guilty plea by the owners has led to this case being resolved in a timely fashio...

Thursday, October 25, 2012

   UPS said it is expanding its global healthcare distribution network in the Asia-Pacific region by opening three facilities in China's Hangzhou and Shanghai, and Sydney, Australia.    The new facilities bring the total number of UPS dedicated healthcare facilities to 36 worldwide, encompassing more than 500,000 square meters of space. They are part of UPS’s strategy to invest in its global healthcare network to meet the growing needs of customers.    Driven by trends of i...

Wednesday, October 24, 2012

   The Global Shippers’ Forum, which represents regional shippers’ associations around the world, said Wednesday it welcomes proposals by New Zealand to withdraw antitrust immunity for international shipping services.    The GSF and its constituent shipper councils have long fought against liner antitrust exemption on a global basis. The exemption was repealed in Europe on 2008, and carriers are regulated to a degree in the United States, but in Asia, most countries have granted some...

Thursday, October 18, 2012

   The liner carrier Mediterranean Shipping Co. said Thursday it will provide a landbridge service from Philadelphia to New York to connect cargo carried from Oceania on a Maersk Line/Hamburg Sud joint service on which MSC takes slots.    The 10-ship Oceania Express service has a rotation of Philadelphia, Charleston, Cartagena, Balboa, Auckland, Sydney, Melbourne, Port Chalmers, Napier, Tauranga, Auckland, Manzanillo (Panama), Cartagena, and Philadelphia.    The landbridge ...

Wednesday, October 10, 2012

   Damco has signed an agreement to acquire Pacific Network Global Logistics (PacNet), a freight forwarder in China and Australia.    Damco is the logistics arm of the A.P. Moller-Maersk Group with 10,800 employees worldwide and a turnover of $2.8 billion in 2011. PacNet, headquartered in Australia, has 382 employees and a turnover of $180 million in fiscal year 2011.    Damco said it had "been looking to strengthen its overall presence in Australia in the segments whe...

Wednesday, October 10, 2012

   Maersk Line said this week it plans to hike export rates from the U.S. East Coast to Oceania in early November.    The increase is $175 per 20-foot container and $350 per 40-foot or 40-foot high-cube container as of Nov. 5. It applies to shipments to Australia and New Zealand.

Thursday, October 04, 2012

   The New Zealand government and the Greek owner of the containership Rena reached a comprehensive financial settlement in respect to matters arising from the ship's grounding on Oct. 5, 2011.    Keith Manch, director of Maritime New Zealand, confirmed that Daina Shipping Co., a subsidiary of the New York Stock Exchange-listed Costamare Inc., will pay $27.6 million to settle the claims of the government and public bodies including Maritime NZ, Bay of Plenty District Health Board...

Friday, September 21, 2012

   The Port of Tauranga and the Ports of Auckland (POAL) announced plans to develop and launch a single container management portal.    Named PortConnect, the Web portal will provide a single information location and entry point for those that work with and need information from either port, including exporters, importers, logistics companies, ocean carriers, regulatory authorities, and in-land carriers.    The site will provide companies doing business with the two largest ...

Wednesday, September 19, 2012

   U.S. maritime unions are drawing lessons from labor losses at an Australian port as the International Longshoremen's Association comes down to the wire in its dispute with terminal operating companies along the East and Gulf coasts.    Federal mediated talks between the ILA and negotiators for ocean carriers and terminal operators are scheduled to resume today. The current master contract expires at the end of the month.    One of the main sticking points in the...

Wednesday, September 19, 2012

   The United States will contribute $1 million for trade-related technical assistance (TRTA) to the World Trade Organization.    The WTO’s TRTA program provides training for developing countries to improve their ability to analyze issues, assess their interests and participate in the negotiations and other WTO activities. The program also provides these nations with help in meeting their WTO obligations and ensures they fully benefit from the results of being a WTO member. Kirk  ...

Monday, September 17, 2012

   Wednesday's newswire story  about port-congestion surcharges drawn up by ANL/U.S. Lines in the event of a U.S. labor disruption that impacts cargo flows incorrectly identified U.S. Lines as a non-vessel operating common carrier. U.S. Lines, based in Santa Ana, Calif., is a ship operator with seven services to the U.S. East and West coasts.

Wednesday, September 12, 2012

   Australia's ANL Lines said shipments transiting the U.S. West Coast from and to Australia, New Zealand and the Pacific Islands will be exempt from its surcharge on inbound or outbound cargo at U.S. ports that will kick in Oct. 5 if there is a disruption of dock labor that shuts down or reduces productivity at ports on the East and Gulf coasts.    Negotiations between the International Longshoremen's Association and the U.S. Maritime Alliance, which represents terminal op...

Thursday, September 06, 2012

   Australia's ANL Lines, part of the CMA CGM group, has notified customers of a pending surcharge of $1,000 for a standard 40-foot container, if a strike or other labor disruption takes place by dockworkers at U.S. East Coast and Gulf ports.    The fee will be $800 for a 20-foot container.    ANL joins at least half-a-dozen other container lines that have publicly announced similar cost-recovery mechanisms. The bulk of major container carriers have indicated they will...

Wednesday, September 05, 2012

   Energy management specialist Schneider Electric has signed an agreement to purchase supply chain and demand optimization software provider SolveIT Software.    SolveIT, based in Adelaide, Australia, provides software for the supply and demand chain areas with a focus on optimization and predictive modeling. Its services are currently used by large organizations like Rio Tinto, BHP Billiton, and Xstrata for production optimization, demand planning, and forecasting based on exis...

Monday, August 27, 2012

   The liner carrier Mediterranean Shipping Co. said Monday it plans to hike Asia-to-Canada rates on Sept. 15.    The increases are $520 per 20-foot container, $650 per 40-foot container, and $731 per 40-foot high-cube container.    Separately, MSC said it has suspended its assessment of a strike surcharge on shipments from United States to New Zealand. The suspension of the fee runs through Sept. 30.    MSC first applied the surcharge Aug. 15 to account for the e...

Tuesday, August 21, 2012

   Australian furniture manufacturer and retailer Fantastic Holdings Ltd. (FHL) has attributed its continued growth in the current soft economy to supply chain optimization services provided by Manhattan Associates.     Fantastic has implemented Manhattan's SCALE (Supply Chain Architected for Logistics Execution) product suite at its main distribution center as well as two secondary facilities, covering roughly 750,000 square feet.    FHL was operating a series of...

Tuesday, August 14, 2012

   Tideworks Technology, a developer of full-service terminal management and planning software, has announced that Vale New Caledonia (Vale NC), at Prony Port in New Caledonia, and GIE Nouméa Port, also in New Caledonia, have gone live with the company’s terminal operating system (TOS).    Tideworks said it has successfully implemented the TOS at both facilities and that it will more efficiently manage operations there.    GIE Nouméa Port, established in 2006, handles conta...

Monday, August 13, 2012

   Goodman Group and the Canada Pension Plan Investment Board (CPPIB) have launched a new logistics and industrial partnership called the Goodman North America Partnership (GNAP).    The companies have targeted an equity amount of $890 million, with Goodman putting in 55 percent and CPPIB at 45 percent.    GNAP’s investment strategy will focus on logistics and industrial property in North America.    Greg Goodman, chief executive officer at Goodman, said...

Friday, August 03, 2012

   Matson, Inc., which includes the liner carrier Matson Navigation Co. as well as Matson Logistics, saw first half revenue climb 7.5 percent year-on-year to $760.3 million.    The company’s liner business had revenue of $579 million in the first half, 12.9 percent higher than in the first half of 2011. Liner operating profit grew 14.6 percent to $37 million.    “The increase in the operating profit margin was primarily attributable to higher volume in the Guam trade lane a...

Friday, July 20, 2012

   The ocean carrier Maersk Line has extended its weekly Southeast Asia to Oceania double-loop NZ1 service further into New Zealand and added a 10th vessel, increasing the full butterfly roundtrip voyage time from 63 days to 70 days, while at the same time entering into a slot agreement with CMA CGM on the service.    Maersk has added new port calls at Wellington and Nelson, leaving a revised rotation of Tanjung Pelepas, Singapore, Tauranga, Wellington, Nelson, Lyttelton, Port Chalme...