CSCL participates in UASC's new GEM service linking Mideast to India

CHINA Shipping Container Lines (CSCL) is teaming up with United Arab Shipping Company (UASC) on its new GEM service connecting Turkey, Port Said, Red Sea, Middle East Gulf, Pakistan and India. The first GEM sailing is scheduled for November 22. The service will call...

MAERSK LINE in the black after four quarterly losses

Rebounding container rates helped Maersk Line post a third quarter operating profit of $547 million compared with a loss of $255 million and made parent A P Moller-Maersk raise the group's full-year outlook. Group chief executive Nils Smedegaard Andersen cautioned rates...

CSAV back in black with US$37 million third quarter operating profit

CHILE's flag carrier CSAV restored its profitability by posting an operating profit of US$37.3 million in the third quarter after suffering from losses in previous eight quarters, reversing a huge operating loss of $354.9 million a year earlier. But CSAV is still sailing...