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DATA from Container Trade Statistics (CTS) indicate this year's peak season from Asia to Europe has proven a disappointment with shipping lines removing capacity well ahead of the slack season. Total cargo growth for the Asia to north Europe, west and east Med regions during the peak season in the third quarter was up 3.9 per cent compared to the previ...
A.P. Moller-Maersk’s revenue for the period 1 January-30 September increased by 17% to $41.4 billion, primarily as a result of higher freight rates for the Group’s container shipping activities and higher oil prices. The net result for the period was a profit of $4.2 billion, (- $0.7 billion), the Group’s interim report said. &ld...
Shanghai-based China Shipping (Group) Co said it plans to announce an order for new ships in the near future and the group remains cautiously optimistic on the outlook for the shipping industry, reported Dow Jones Newswires. China Shipping (Group) is the parent of China Shipping Container Lines, the world's eighth-largest shipping company by capacity, ...
CONTAINER shipping lines are considering shifting from the Indian state-owned ports of Gujarat after state regulators imposed new rules demanding expensive insurance guarantees against shipping accidents. "It's an absolute nightmare what they are asking for. The more stringent the rules, ships will be less inclined to call," said a spokesman for the Co...
A MAJOR lessor of intermodal containers, Bermuda-based Textainer Group Holdings Ltd, has announced a third quarter 137 per cent net profit increase to $33.3 million, drawing on revenue of US$75.3 million, an increase of 34 per cent year on year. "Textainer continues to benefit from a worldwide shortage of containers, the lack of new production, combined...
CHINA has attached increasing importance to the development of inland waterways during the recent 30 years with the length of navigable channels reaching 123,000 kilometres. There are currently 26,000 river terminals, 160,000 river shipping vessels with an aggregate deadweight tonnage capacity of 65 million tonnes. In 2009, China posted national river c...
JAPAN's Mitsui OSK Lines has announced the first-time adoption of a low-friction ship bottom paint, named "LF-Sea," developed by Nippon Paint Marine Coatings Co Ltd that was applied to a new building Pure Car and Truck Carrier (PCTC). Sea trials using the new paint on car carrier Neptune Ace (built by Minaminippon Shipbuilding Co Ltd with a capacity to...
PIL has launched a Far East-East Africa loop (EA2), its second Africa service, from the Guangzhou South China Oceangate Container Terminal (GOCT) at Nansha. Seven 1,500-TEU ships are deployed on the service that calls at GOCT every Thursday and connects Nansha with Port Louis, Mombasa and Nacala. This brings the number of Africa services at GOCT to four...
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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