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THE container arm of Singapore's Neptune Orient Lines (NOL), APL, has launched a weekly service linking China, Indonesia, Malaysia, Singapore and Thailand called the China Indonesia Straits Service making its third new dedicated Intra-Asia service since it introduced the route in 2009. "We're addressing the ever-increasing requirement for direct-call ...
Fifteen of the world’s largest container lines plan to seek rate hikes of US$400 per feu on eastbound transpacific trades to US west coast ports from next May. Member shipping lines in the Transpacific Stabilisation Agreement (TSA) claimed the early end to this year’s peak season had left the trade “lagging, relative to other Asia cont...
THE Baltic Exchange's main sea freight index - the Baltic Dry - which tracks rates to ship dry commodities, rose for the first time in over three weeks on Monday as a pick up in cargo activity bolstered sentiment, reported Reuters. The index rose 1.11 per cent, or 24 points, to 2,179 points in the first gain since October 28, after having drops in 17 c...
Heavy lift operator Teras Cargo Transport (American), a marine transport and logistics service provider, and BBC Chartering & Logistic GmbH & Co. KG, a provider of shipping solutions for both heavy lift and project cargo, have entered into an alliance for the joint ownership of the multipurpose heavy lift vessel, BBC Houston, which is US-flagged. ...
GERMAN authorities have decided to prosecute 10 alleged Somali pirates despite warnings that the trial will not deter further incidents. In the first piracy trial in 400 years, the accused Somalis, between 17 and 48 years of age are charged with an attempt to hijack the 925-TEU German containership Taipan in April, reported London's International Freig...
DHL's Global Forwarding division is focusing on Africa as a new engine of growth in India given that trade between India and Africa has swelled from US$9.9 billion in 2004-05 to $39 billion in 2008-09. "DHL Global Forwarding sees vast potential in the India-Africa trade lane," a company statement said. The announcement comes as India and Africa have ex...
TOKYO's Mitsui OSK Lines (MOL) has announced that it has established a joint venture with two local companies in Vietnam and started a US$4.5 million tugboat business based in Ba Ria-Vung Tau province. The new company will allocate high-powered, high-performance tugboats in Vietnam's Cai Mep/Thi Vai area, where deepwater container terminals are being ...
THE 1,095-TEU Green Valley, collided with the 917-TEU Tiger Spring, at the confluence of Hooghly and Rupnarayan rivers at Nurpur 50 kilometres south of Kolkata (Calcutta), reported the Indian Express newspaper. The Bahamas-flagged Green Valley was detained by the police for further investigation after it collided with the Gibraltar-flagged Tiger Spring....
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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