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CHINA is believed to be emerging from the global economic crisis after showing signs of recovery, with improvements seen in the nation's shipping industry, according to reportlinker.com's China Ports Industry Report. Citing figures released by China's Ministry of Transport, National Bureau of Statistics and General Administration of Customs, it said th...
One of the country’s most technologically advanced cold storage facilities, built by Transnet at a cost of R45 million, was officially launched yesterday at the Cape Town Multipurpose Terminal, with a firm commitment from port operator Transnet Port Terminals to add value to fresh produce exporters throughout the Western Cape and beyond. Constructio...
NORWEGIAN oil tanker tycoon John Fredriksen, who controls tanker company Frontline and Golar LNG, is considering entering the container shipping market and has been holding preliminary talks with start-up, The Container Company, according to media reports. It said that sources within Frontline told the London shipping press that Mr Fredriksen had held pre...
The Mediterranean Shipping Company (MSC) has announced a rate increase of $150 per TEU and US$200 per FEU for cargo moving though US west, east and Gulf coast ports to Asia from November 16. Reefer cargo rates from this ports will rise $190 per TEU and $250 per FEU, said the company statement. Operating 416 ships, Geneva-based MSC is the world's second...
The number of laid up containerships increased 10.4 per cent in a fortnight, according to the latest Alphaliner survey, which showed 568 ships were idle, aggregating 1.35 million TEU as of October 12 from the 548 idle vessels, totalling 1.29 million TEU, noted two weeks earlier. The Paris-based agency said laid up fleet is now the biggest ever. Apart from...
China is believed to be emerging from the global economic crisis after showing signs of recovery, with improvements seen in the nation's shipping industry, according to reportlinker.com's China Ports Industry Report. Citing figures released by China's Ministry of Transport, National Bureau of Statistics and General Administration of Customs, it said th...
Japan's MITSUI O.S.K. LINES LTD. will bring wholly owned KANSAI KISEN KAISHA and subsidiary DIAMOND FERRY CO. under a holding company through an equity transfer. The new holding company will be established on October 23 with capital of 100 million yen (US$1.11 million). * It will be named FERRY SUNFLOWER LTD. and operate as a wholly owned subsidiary of Mi...
The Transpacific Stabilization Agreement (TSA) recently announced increasing the freight on cargo container contracts to be signed till May 2010 to the levels in 2008. The new freight will be set at US$800 per 40-foot-equivalent (FEU) containers to be shipped from Asia to western American ports, and US$1,000 per FEU for containers shipped from Asia to easte...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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