Shipping News

AADA sets Jan. China-Oz bunker surcharge Dec 14, 2010

ASIA Australia Discussion Agreement (AADA) has proposed imposing US$250 per TEU and $500 per FEU bunker surcharge for dry and reefer containers for services from China and Hong Kong to Australia from January 10. AADA members include ANL, China Shipping, Cosco, Hamburg Sud, Hanjin, Hapag-Lloyd, Hyundai, "K Line", Maersk, MSC, MOL, NYK, OOCL, Gold Star an...

Maersk may pay financial penalties if it fails to ensure the serviceDec 13, 2010

Maersk Line is mulling accepting financial penalties in its Asia-Europe contracts if it is unable to deliver the service it has promised. Annemette Jepsen, Senior Director and Cluster Manager UK and Ireland, told IFW the Danish carrier was hoping to avoid a repeat of the situation the industry faced at the start of this year, when an unexpected surge of...

Ships go extra slow to Europe as demand fallsDec 13, 2010

Ninety per cent of the container ships heading to Northern Europe from Asia have been forced to slow to the speed of a "fresh breeze" because of a sudden slump in demand. Analysts said the ships had been ordered on to "extra-slow steaming" as a way of saving money and stretching out the work they have, reported The Times. The average speed of contai...

US watchdog keeps tabs on alliancesDec 13, 2010

Maritime watchdogs in the United States plan to keep a closer watch on international container shipping lines to prevent a repeat of the problems cargo owners faced this year following a stronger than forecast rebound in global trade, reported the South China Morning Post. Outlining the move, the Federal Maritime Commission (FMC) said its staff "will de...

Pirates fire RPGs to take control of bulker off IndiaDec 13, 2010

Nairobi: Somali pirates fired rocket propelled grenades and small arms before seizing a cargo ship and its 24 Filipino crew in the Indian Ocean, the EU's anti-piracy force said Sunday. The Panamanian-flagged bulk carrier, Renuar, was attacked some 550 nautical miles from the coast of India and more than twice that distance from Africa, the European Uni...

Shipping gets off lightly in CancunDec 13, 2010

Cancun: The tetchy negotiations at the Climate Change Summit in Cancun, Mexico attended by 193 nations came to a close Saturday with shipping and aviation both off the hook. Representatives agreed on a plan aimed at combating climate change, including a target to limit global warming and a fund to help developing nations tackle the effects of the crisis...

Hoegh Autoliner starts direct call from US, Middle East, SEA and JapanDec 13, 2010

HOEGH AUTOLINER, a leading Norwegian ro-ro carrier, has launched a direct call from the US east coast, Middle East, Port Klang, Singapore, Hong Kong, and Japan starting December 2010 with a once-a-month sailing frequency. The ro-ro carrier appointed Jardine Shipping Services as their agent for southeast Asian services in April, using Singapore as their ...

OOCL plans to order megaships Dec 13, 2010

HONG KONG-based OOCL intends to purchase very large-sized containerships with capacity between 8,000 TEU and 13,000 TEU, reported Hong Kong's South China Morning Post. The 13,000-TEU megaships can only be deployed on Asia-Europe loops because US ports are not able to handle such super-sized ships, and ships with capacities of such size are also too lar...

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Transportation Center Connecting As

Transportation Center Connecting Asia and Europe Market

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.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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