Shipping News

Emirates Shipping co-loads with HMM on Korea-China-India loopOct 13, 2010

Emirates Shipping Line (ESL) is to co-load on HMM's China India Express service (CIX)., taking slots on this service, which provides a direct link between Korea, China and Western India. The CIX rotation is Busan, Shanghai, Ningbo, Shenzhen-Yantian, Singapore, Nhava Sheva, Pipavav, Singapore and back to Busan. Emirates' commences with the sailing ...

Dubai launches new container scanning system Oct 12, 2010

Dubai Customs has launched a first-of-its kind container scanning system at Jebel Ali Port, which is capable of radio-active detection of trucks and containers, reported TradeArabia. The IP6500, a firstling system of radioactive scanning for mobile vehicles comes as part of Dubai Customs' ongoing reform and modernisation process by in line with the emi...

MISC invests in reefer containersOct 12, 2010

Kuala Lumpur: MISC has 2,000 reefer containers as it builds its niche halal shipping business within Asia. MISC said the 2,000 units of forty-foot hi-cube containers would be delivered in November this year. The company said the purchase of the containers was in line with its business expansion in intra-Asia, particularly in halal shipping, where reefer con...

NOL box rates slide from peakOct 12, 2010

Singapore: Container freight rates reported by Neptune Orient Lines (NOL) slipped back last month. NOL said the average box rate across all trade in the period 21 August to 17 September was $3,104 per feu, down from a peak of $3,181 per feu in the previous period. The rate was though 38% higher than the same period in 2009. Higher volumes in the Asia &ndash...

Sinotrans signs at LongxueOct 12, 2010

Beijing: Hong Kong-listed Sinotrans Shipping has signed a letter of intent with Guangzhou Longxue Shipbuilding for a number of 206,000-dwt capesize bulkers for delivery from the end of 2012. The deal is for three ships plus options for two more. This is the first time Longxue has taken a 206,000 dwt order. (Source:www.seatradeasia-online.com)

Abu Dhabi owner eyes $400m expansionOct 12, 2010

Dubai: Abu Dhabi's National Petroleum Construction Company (NPCC) is to invest over $400 million to expand its fleet of marine vessels, the company's ceo said last week. "NPCC awarded two anchor handling tugs to Lingshan Shipyard in China. The first anchor handling tug, NPCC Saadiyat was handed over last month and the next vessel, which will be called...

US intermodal hits 2010 peak, but still off 1.9pc of 2008 high Oct 12, 2010

MAJOR US railways originated 240,252 intermodal containers and trailer shipments in the week ending October 2, the second highest volume of the year following 241,167 units in the September 25 week, according to the Association of American Railroads (AAR). International traffic continues stronger than expected, since sea-going intermodal usually account...

US issues post-monsoon East African piracy alertOct 12, 2010

THE US Maritime Administration (MarAd) has warned of an increase in pirate attacks in the Gulf of Aden region from October to early December with the end of the monsoons, reports American Shipper. Favourable weather allows open boat activity off the Horn of Africa and into the Indian Ocean, as shown by recent attacks off Kenya and Tanzania, in the south...

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