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Weak charter rates in the dry bulk market are anticipated to persist through 2013 due to the influx of new ships, according to Hong Kong's largest dry bulk vessels operator Pacific Basin Shipping. “We are concerned about the two years ahead of us,” Klaus Nyborg, ceo of Pacific Basin, said at a shipping conference in Imabari, Japan last Friday. ...
After adding three new services in the first quarter of the year - two at Khorfakkan Container Terminal (KCT) and one at Sharjah Container Terminal (SCT) - Sharjah-based Gulftainer achieved record volumes at the two terminals in April, experiencing its highest ever monthly throughputs. This followed two successive years when both terminals experienced si...
Container shortage is to continue into 2011 and will affect peak season with three million TEU fewer in 2011 compared to historical industry-standard level, said the World Shipping Council (WSC) in its latest Container Supply Review. Slow steaming is also having an impact, accounting for boxes being held longer by carriers and having fewer available or r...
The IMO Maritime Safety Committee (MSC) has approved Interim guidance on the employment of armed security personnel on board ships transiting the Somali coast, the Gulf of Aden and the wider Indian Ocean, Worldmaritimenews reported. The MSC approved an MSC Circular on Interim guidance to shipowners, ship operators, and shipmasters on the use of privately ...
MARSEILLES' French shipping giant CMA CGM has announced that its Epic service will call at the Greek Port of Piraeus from north Europe to the Middle East and the Indian subcontinent. The port rotation is Southampton, Rotterdam, Hamburg, Antwerp, Le Havre, Piraeus, Khor Fakkan, Jebel Ali, Port Qasim, Nhava Sheva, Mundra, Jeddah, Malta, Tangiers and ...
TAIPEI's Evergreen Group has signed a contract with Taiwan's China Shipbuilding Corp (CSBC) to build ten 8,000-TEU containerships with the first to be delivered in 2013, the company announced. The contract, signed by Evergreen vice group chairman Bronson Hsieh and CSBC chairman Tang Tay-Pin and is a third-time order of L-class, but the company's first ...
MAJOR container carriers, CSAV, CMA CGM and China Shipping have started cooperating on a two-loop service between Asia, South Africa and the east coast of South America, CSAV announced in a notice to trade. The new two-loop service will deploy 21 vessels, 10 of which will be provided by CSAV. ASAX Sling 1 rotation will be Busan, Shanghai, Ningbo, Shenzh...
JAPANESE shipping giant MOL has paid a US$1.2 million fine after a plea bargain with the prosecuting US Federal Maritime Commission (FMC) on charges of misdescription of cargo, unlawful equipment substitution, providing transport with unlicensed parties, using contracts with those not party to those contracts and providing transport at rates not in MOL's p...
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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