Media
Media
TAIWAN's TS LINES plans to commence a Far East-US west coast service from November through a partnership with Chinese carrier Hainan PO Shipping (Hainan POS). TS Line will participate in the new China-America West Coast Express (CAE) service operated by Hainan POS, by contributing one ship to the five-ship loop, reports Alphaliner. Initially the CA...
The cost to book crude oil tankers will soar nearly 180 per cent in the fourth quarter, fuelled by a rise in floating storage volume, possible weather disruptions and seasonal demand, a Reuters poll showed. The contango in London's Brent crude is expected to widen enough to encourage investors to charter tankers to store crude oil offshore, reawakening...
Nairobi: Greek-operated cargo ship MV Lugela with a dozen crew members on board has been hijacked in the latest case of piracy off Somalia, the East African Seafarers' Assistance Programme confirmed on Monday, reports China's Xinhua news agency. The confirmation came after the European Union Naval Force Somalia indicated on Saturday that pirates might...
SEVEN Somali pirates were sentenced to five years by a Kenyan court in Mombasa, following the hijack of a Spanish ship in 2009, reported the BBC. This is the third batch of pirates to be jailed since foreign anti-piracy patrols began two years ago. Kenya has signed agreements with the European Union in relation to the prosecution of piracy suspects and ...
ASIAN container exports to the west may take five years to regain from last year's record high losses, said Singapore Shipping Association president SS Teo, according to Reuters. Mr Teo, also managing director of Pacific International Lines (PIL) and a Singapore MP, said full recovery in the container shipping industry would be driven by China's growi...
HONG KONG's U-Freight Group, an international freight service and logistics group, examined prospects in the air and ocean freight forwarding environment at its annual conference in Shanghai last week. CEO Simon Wong said the conference represents a valuable opportunity to let all member companies within the U-Freight Group exchange the latest market i...
A SHORTAGE of container vessels by 2012 is forecast by Macquarie Equities Research because the newbuilding orderbook hits a 10-year low, said London's International Freighting Weekly. Macquarie, in its latest Vital Signs shipping report, found that the current containership orderbook would produce a 10 per cent increase in the global fleet's size next...
RIVALRY between specialist refrigerated cargo lines and container shipping fleets is expected to heat up in a coming reefer war as box ships increase their cold chain capacity, says London's Drewry Shipping Consultants. "Ironically, the specialised reefer tonnage is shrinking while the demand for commodities is growing year on year, much of which is mo...
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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