June 25, 2009

January, MAERSK GARONNE left an Australian port loaded with tidy rows of 20’ containers and – three damaged racing yachts. The French sailboats had been taking part in the Vendee Globe race when they ran into trouble and had to be transported home. Racing yachts are just one example of Out of Gauge (OOG) or Break Bulk (BB) cargo. Other examples include huge generators, tanks, pipes and all sorts of objects that, for whatever reason, just don’t fit in. Dealing with OOG and BB cargo is never a problem for Maersk Line, as all our vessels can accommodate non-containerised cargo.


China Eastern Airlines has proposed to take over Shanghai Airlines through a share swap, according to a source familiar with the deal. If successful, the move would conclude prolonged negotiations on merging them as part of Beijing's plan to consolidate Chinese aviation, particularly these two that suffer from inefficiencies and price wars. China Eastern will raise US$1.02 billion through a private placement to finance the merger, according to the source, and then swap 1.3 of its Shanghai-listed A shares for every one of Shanghai Airlines A shares.


Train M34371-23 derailed along the Fulton subdivision of the CN main line, near Covington, TN. The incident, which occurred at approximately 1455hrs CDT on Tuesday, June 23rd, is currently affecting the southern portion of CN’s Chicago-Memphis corridor, between Fulton, KY and Memphis, TN. According to preliminary reports, the site would be cleared within approximately 24 hours. All efforts were being made in order to minimize disruption to customer shipping schedules. Further updates will be provided as they become available. Contact your Customer Support Representative or use your regular channels to obtain more detailed information on specific shipments.