International Shipping News & Insights for Profitable Shipping - 30 July 2010
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Frère in 'exclusive' talks in the French Line
Frère in 'exclusive' talks in the French Line
A FRENCH union leader told Fairplay this afternoon that a €500M recapitalisation ($651.23M) of debt-laden box shipping group CMA CGM looks “imminent”.
A FRENCH union leader told Fairplay this afternoon that a €500M recapitalisation ($651.23M) of debt-laden box shipping group CMA CGM looks “imminent”.

The group told employee representatives this morning that it had begun “exclusive negotiations” with Belgian financier Albert ... Full Story
16:09 30 Jul  

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SHIPPING Corp of India today reported a 60% year-on-year rise in profits in the April-June quarter. Full Story
16:18 30 Jul
DENMARK’S AP Møller-Maersk told Fairplay today it has merely delayed additional peak season container surcharges on Asia/Europe routes, rather than scrapped them. Full Story
16:18 30 Jul
MALAYSIA has charged a former minister with graft in one of its biggest-ever financial scandals, IHS Global Insight reported today. Full Story
16:18 30 Jul
SISTER ports in Brazil have reached a deal with environmental agency IBAMA to allow them a further 30 days to submit compliance papers, IHS Global Insight reported today. Full Story
16:17 30 Jul
THE PHILIPPINES reportedly announced today that it is “swimming in rice” and has stopped new import orders for this year. Full Story
15:25 30 Jul
GERMAN box line Hapag-Lloyd said today it plans a new express service linking northern Europe with the US East Coast. Full Story
15:17 30 Jul

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NAT DISCLOSED continued delays in a newbuilding delivery today and warned that it might take seller Fred Olsen to arbitration. Full Story
16:17 30 Jul

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