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GENEVA's Mediterranean Shipping Co (MSC) has announced it will increase the freight rates for its Europe-Asia services US$100 per TEU and FEU from November 1, according the company statement. The increase will be applied to all cargo originating in Europe, including north west European continent, the UK, Scandinavia, the Baltic, the west Med, east Med ...
Shanghai: China's Singapore-listed Yangzijiang Shipbuilding (Holdings) Ltd. (YZJ) reports that a new subsidiary, Jiangsu Yangchen Equipment and Materials Co., Ltd. (JYCEMCO) has been incorporated in the People's Republic of China through its wholly-owned subsidiary, Jiangsu New Yangzi Shipbuilding Co. Ltd. The core business of JYCEMCO is related to th...
FOLLOWING a seven-member delegation of the Rice Exporters Association of Pakistan (REAP) to Kenya 800 containers of long-grain Irri-6 rice were released after a three-month detainment for laboratory analysis without telling the shippers. REAP chairman Irfan Ahmed Shaikh said the details of the negotiations for the rice export, which amounts to an annual...
AS part of its overall strategic network expansion, CWT Globelink has announced the establishment of Globelink EG Sol Slovenia in Ljubljana, Slovenia founded because Slovenia is an important gateway to eastern Europe via Koper port. Globelink Slovenia is headed by managing director Dare Radojevic and assisted by operations manager Mojca Kosir. Both Mr D...
A GREEK tanker, Mindoro, carrying aircraft fuel, collided with a Cypriot 804-TEU Jork Ranger, off the Dutch coast recently, reported Dutch-based BNO News. After collision, the tanker left with a five-metre long spill 30 kilometres off the coast of Sceveningen in the Netherlands. As aircraft fuel is light and evaporates quickly, the Dutch coastguard said...
DESPITE fears to the contrary, all major ocean carriers survived the global economic downturn by cutting capacity through layups and slow steaming, says this year's Drewry's Annual Market Review & Forecast 2010-11. "Sixteen of the world's biggest [carriers] will return to profitability this year making an estimated US$5 billion. The question is, ...
THE world's idle containership fleet is expected to expand over the next few months, as carriers lay-up ships over the winter season. Alphaliner said the idle fleet currently stood at 225,000 TEU, compared with 1.5 million TEU in January, but it is likely to rise to between 600,000 TEU and one million TEU by the end of December. The Paris-based age...
SINGAPORE's container shipping arm of the NOL Group, APL, has released its latest operating figures for the four-week period ending September 17, which show that total liftings remained flat compared to a month ago at 435,000 TEU. APL's liftings peaked in June at 443,800 TEU and have displayed a downwards trend since. APL's average freight rates ...
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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