Media
Media
CARRIERS are having a hard time making Asia-Europe and transpacific rate increases stick as new capacity floods the market and rivals clamour for market share, reports London's International Freighting Weekly. Shipping lines have tried surcharges of US$400/FEU, but have pared them back to $200/FEU, that should keep rates where they are, said container ...
The active global containership fleet has increased by 21 per cent from 11.55 million TEUs in January 2010 to 13.94 million TEUs at present after adding 1.39 million TEUs, involving the reactivation of 1.18 million TEUs of last year’s idle capacity, according to Alphaliner. This has led to a decrease of idle capacity from its pinnacle of 1.51 mill...
The Union government is considering bringing in a new legislation to tackle piracy in view of increasing incidents of Indian ships being hijacked on high seas, according to Exim News Service. In 2010, 12 Indian mechanised sailing vessels (MSVs), commonly known as 'dhows', with 174 Indian nationals were hijacked, the Shipping Minister, Mr G. K. Vasan, ...
Pirates took a record 1,181 hostages in 2010 as ship hijackings in waters off Somalia escalated, a global maritime watchdog said Tuesday. Attackers seized 53 vessels worldwide last year — all but four off the coast of Somalia — according to the International Maritime Bureau's piracy reporting center in Kuala Lumpur. The number of hostag...
China completed shipbuilding volume in 2010 is 65.6m dwt, increases 54.6% year on year, including 75.23m dwt newly received orders. citing the statistics from the nation's ministry of industry and information technology. By the end of December 2010, orders in hand are 195.9m dwt, up 4.1% year on year. (Source:www.seatrade-asia.com)
INTERNATIONAL accountancy firm and shipping industry consultant Moore Stephens says the shipping sector faces a challenging year in 2011, with freight rates under pressure, crew costs rising and banks closely monitoring the viability of poor performers. Writing in the latest issue of Bottom Line, the firm's shipping newsletter, Julian Wilkinson, head o...
GENEVA's Mediterranean Shipping Company has taken delivery of the MSC Lauren, second of nine ships of 12,500 TEU ordered in August 2007 from Korea's STX Shipyard by the Niki Group (Greece) for US$159 million each. The MSC Laurent has joined the Far East-North Europe Lion loop, following the MSC Beryl which came into service last September, reports Alp...
KOREA's Hanjin Shipping will kick off Chinese New Year with the entry of four 8586-TEU ships on its transpacific PSX loop, which will replace existing 7,471 TEU vessels. This 10 per cent increase of capacity on the CKYH service comes as these new ships have taken from lay-up since they were built early last year at the Hyundai Samho Heavy Industry yard...
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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