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THE New World Alliance has announced it will reduce capacity on selected transpacific routes to coincide with Chinese New Year factory shutdowns. New World members, APL, Hyundai and MOL, said the winter deployment programme is expected to last six weeks. "We'll review demand and capacity again well in advance of the peak shipping season," said APL pres...
Mitsui O.S.K Lines Ltd.(MOL)'s MOL Precision made its first call at Tan Cang-Cai Mep International Terminal (TCIT) in Vietnam on January 15, where a welcoming ceremony was held in commemoration of the event, MarineLink reports. Attended by approximately 200 people, including government officials, this marked the start of a direct service fr...
Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced today that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding Corporation, to build four LNG carriers in China. These carriers will provide LNG transportation from the Papua New Guinea (PNG) and Gorgon Jansz LN...
Shipping through the St. Lawrence Seaway increased 15.5 percent in tonnage during 2010, according to the St. Lawrence Seaway Management Corporation. Growth in 2011 is expected to be in a range between 4 percent and 9 percent, depending on iron ore exports to China and Italy, which haven’t yet made commitments for bigger orders than last year. ...
Golar LNG Energy Limited has entered into agreements to time charter its 4 modern LNG carriers (Golar Grand, Golar Viking, Golar Arctic and Golar Maria) for periods of between 12 and 18 months to various charterers. Total charter coverage amounts to 57 months. The commencement of the different fixtures ranges from February to April 2011. The combi...
The National Shipping Company of Saudi Arabia (NSCSA) acquired first prize for transparency award for the year 2010. The event was organized by BMG Financial Group. The company was previously selected among the best 10 companies of Saudi Arabia for this award. (Source:www.transportweekly.com)
ISRAELI flag carrier Zim has announced it is raising rates from India-Europe US$200 per TEU from February. The rate hike is applicable to all container cargo from the subcontinent region and all north European, Mediterranean and Black Sea ports. (Source:www.schednet.com)
THE Mediterranean Shipping Co (MSC) will raise rates on cargo moving from India to all parts of Europe by US$200 per TEU effective February 1. The company said the increase is applicable to northern Europe, Mediterranean and Black Sea destinations. (Source:www.schednet.com)
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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