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THE Transpacific Stabilisation Agreement (TSA) has announced a 2011-12 voluntary guideline contract programme for its member carriers, suggesting rates rise US$400 per FEU for the US west coast and $600 elsewhere from May 1. Also, it put forward full recovery of costs, including collection of floating bunker and inland fuel charges as well as Panama Can...
Shanghai: China Shipping Container Lines (CSCL) has set up China Shipping Shanghai Yangshan International Container Storage & Transportation earlier this week to expand its offerings to logistics services industry. The company is a joint venture established by CSCL and China Shipping Overseas Logistics Co, which is located in Linggang Logistics Area, Sh...
CONTAINER leasing company Seacube Container Leasing has reported net profits of US$4.8 million in the third quarter of 2010, double from a net profit of $2.7 million in the same quarter last year. The New Jersey-based firm increased revenue by 11.4 per cent to $18.5 million in equipment rental from same period 2009, though the nine-month reporting perio...
BRITISH customs power to prosecute third party logistics operators who handle goods that have been illicitly diverted from a bonded supply chain with stiff penalties could cripple truckers and warehouse operators, said the UK Warehousing Association (UKWA). In a bid to tackle alcohol fraud HM Revenue & Customs (HMRC) now can impose up to 100 per cen...
SHANGHAI's SITC Development Group Company Limited, said to be China's third-largest non-state owned container shipping company, and Busan's Dae Sun Shipbuilding & Engineering Co Ltd have signed a newbuilding contract. The two have signed newbuilding orders since the 1990, said and SITC statement. SITC chief executive Yang Xian Xiang and Dae Sun S...
FOR the first time in two years, November containership orders surpassed all the deliveries in October, according to the Paris-based consultancy Alphaliner. "There is significant latent demand for new ships, as owners rush to place new vessel orders, having shied away from the yards for almost two years," Alphaliner said, noting that 131,000 TEU has bee...
UASC is amending its Far East-Europe AEC2/CME service, on which South Korea's Hanjin Shipping takes slots, by adding port of calls at Xiamen, Jeddah and Algeciras (Hanjin terminal) westbound and at Port Said, Jeddah and Port Kelang eastbound. The new port schedule takes effect from November 19, with the first sailing scheduled to depart from Xiamen. ...
GENEVA's Mediterranean Shipping Co plans to introduce a general rate increase on all containers transported from Asia to the US west and east coasts from December 15. The shipping line said it is raising rates "in a response to the recent market rate deterioration and to follow the initial two-year step cost recovery programme". The hikes for conta...
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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