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CARRIERS have started to impose surcharges on exports using Johor, to reduce the congestion at the port across the strait from Singapore, reports Malaysian Star. Delays at the port have been increasing which has forced shipping companies to levy surcharges, said Johor Port Shipping and Forwarding Association secretary Michael Cheah. Designed to hand...
STX Pan Ocean Co., South Korea’s leading bulk shipping line, said Monday that it has won a 330bn won ($297 million) deal from a South Korean power firm to transport coal for 15 years. Under the deal with Korea Southern Power Co., STX Pan Ocean will transport 35 million tons of coal to South Korea from Australia and Indonesia starting in 2014, the ...
Frontline Ltd., the world’s biggest supertanker operator, said it’s seeing “huge” demand for crude-oil imports from China, potentially reversing a slump that contributed to mostly unprofitable charter rates since June. China, the world’s biggest energy user, cut net oil imports to the lowest level in 18 months last month, a...
A.P. Moller-Maersk may sell bonds after discussions with investors to diversify its financing sources and to raise funds for new investments, the Journal of Commerce reports. Barclays Capital, BNP Paribas, Danske Bank, HSBC Holdings and Royal Bank of Scotland Group are arranging the meetings, two people with knowledge of the potential sale told Bl...
A Maersk container ship was waiting in the French Port of Le Havre Friday to have its cargo secured after it lost 26 containers overboard on Tuesday in a powerful storm in the Bay of Biscay. The maritime prefecture in Cherbourg said the Maersk Sembawang lost the containers overboard from the last row of boxes stacked at its stern and suffered damage to ...
CMA CGM's French Asia Line 3 (FAL 3) service between Vietnam and North Europe has started, with the container vessel Otello departing from SP-PSA international port in Ba Ria-Vung Tau Province, reported TheSaigon Times Daily. The 8,238 TEU CMA CGM Otello and nine sister ships are among the largest vessels in the Vietnam-Europe direct trade and sail wee...
THE Breakbulk Asia Conference & Exhibition at Suntec Singapore International Convention and Exhibition Centre is offering a free exhibition hall pass to students, who will attend the Certificate of Achievement in Project Cargo Management training course from January 27-28, 2011. The course, developed by heavy lift over dimensional cargo network the ...
A SPENDING spree is expected in 2011 as Asian carriers, fresh from a year of scrapping, order new ships as slow steaming absorbs capacity, Hanjin CEO Kim Young Min told Cosco's World Shipping Summit in Guangzhou. Korea's Hanjin Shipping is in the market for mid-sized containerships because volume is expected to increase eight per cent on returning dem...
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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