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Lines join forces on Japan-Indonesia route
Monday, 27 August 2012 01:24

Wan Hai Lines, Interasia Lines and Mitsui-OSK Lines (MOL) have reached an agreement to cooperate on the Japan-Indonesia service called CHS3. 

The CHS3 service was launched in March 2012 using 2,500 TEU ships, while WHL deploys similar vessel size in a separate New Super 1(NS1) service.

In order to provide customers with more direct service linkages between Japan and Southeast Asia, WHL's NS1 service will merge with MOL's CHS3 service. The new CHS3 service will now deploy four Panamax vessels. 

Maersk raises 750 mln euros with new 7-year bond
Thursday, 23 August 2012 01:41
maerskDanish shipping and oil group A.P. Moller-Maersk has raised 750 million euros ($925.6 million) in the sale of an oversubscribed seven-year bond, its finance director said on Tuesday, which priced at a lower yield than expected.
The deal was Maersk's second bond offering this year, following a 3 billion Norwegian crown ($504.5 million) issue in March, and only its fifth foray into the corporate bond market since its debut offering in 2009.
"This was a successful transaction with a lot of support," Maersk group finance chief Jan Kjaervik said. "The book is oversubscribed, and we got a big amount (of money) and the price was at the low end of our expectations."
COSCO International Announces 2012 Interim Results
Thursday, 23 August 2012 01:38
ooclThe board of directors (the “Board”) of COSCO International Holdings Limited (“COSCO International” or the “Company”, stock code: 00517) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries (collectively the “Group”) for the six months ended 30th June 2012. For the six months ended 30th June 2012, the Group’s revenue decreased by 21% to HK$4,478,772,000 (2011: HK$5,702,493,000), in which revenue derived from the shipping services was HK$4,235,244,000 (2011: HK$5,261,287,000), down by 20% as compared to the same period last year. 
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