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GENEVA's Mediterranean Shipping Co (MSC) will raise freight rates on its Silk, Lion, Dragon and Tiger Asia-Europe services by US$300 per TEU from January 1. The increase will be applied to all cargo originating in China, Japan, Korea, Hong Kong and south east Asia to all destinations in northern Europe, Scandinavia, the Mediterranean and the Black Sea....
Paris: Major boxlines are on track to post record profits of $13bn this year, a dramatic turnaround from last year’s combined $15bn loss, according to French analysts Alphaliner. The third quarter of this year was the best three months ever in the history of container shipping, Alphaliner said, with 18 major carriers who publish their financial re...
INDIA's Allcargo Global Logistics will spend INR250 crore (US$54.6 million) next year to become global enterprise by 2013-14 with plans to embark on capacity expansion at its container freight stations at Jawaharlal Nehru Port Trust near Mumbai and other ports on the subcontinent with INR100 crore. Allcargo Global has also announced it spent INR100 cro...
CHENNAI-BASED forwarder Draft Cargoways has filed a complaint with the US Federal Maritime Commission (FMC) against Damco US, and its parent AP Moller Maersk, for collecting demurrage and detention fees not listed in tariffs. The non-vessel operating common carrier (NVOCC) is seeking US$20,725 damages and $150,000 in reparations for lost business which ...
The 1,066-TEU Malaysian-flagged Albedo and its 23 crew of Pakistanis, Bangladeshis, Sri Lankans and Iranians have seized by pirates 900 nautical miles east of Somalia, reports Iran's Press TV A regional maritime watchdog told Agence France-Presse that the ship was bound for Kenya from the United Arab Emirates. It had tried to avert the pirate-infested ...
THE Panama Canal Authority (ACP) anticipates that next year will bring a rise in traffic for the second year running as international trade continues to recover with the world economy. The ACP is forecasting that net tonnage of ships passing between the Pacific and Atlantic oceans will hit 305 million tons in fiscal 2011, up from 300.1 million tons the ...
THE major shareholder and former owner of German container line Hapag-Lloyd may sell off its 43 per cent stake in the consortium that now controls the carrier, Reuters reports. German tourism giant TUI, which sold in 2008, a 57 per cent stake in Hapag-Lloyd to a consortium of Hamburg-based investors, is believed to have contacted investment to organise ...
Maersk Line, the largest carrier of the world, has announced that it is applying slow steaming on its Far East-Mexico AC2 service. Ships deployed on this service have been increased from seven to eight Maersk-owned vessels averaging 8,008 TEU after slowing down, reported American Shipper. Meanwhile, Maersk's auxiliary AC3 peak loader service, calling a...
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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