GRAND China Shipping (GCS) is to add a new service connecting China to Australia. The loop will use five 1,700 TEU ships, connecting Ningbo, Shanghai and Shenzhen- Shekou to Sydney, Melbourne and Brisbane. The first sailing is planned from Ningbo on 12 June. (Source:http://www.schednet.com)
HAMBURG's Hapag-Lloyd has won a US$925 million loan with a banking syndicate made up of HSBC, Citibank, Deutsche Bank, KfW IPEX-Bank and UniCredit Bank. to finance the building of ten 13,200-TEU ships from Hyundai Heavy Industries. The ships will be the largest in Hapag-Lloyd's fleet, and are to be delivered from mid-2012 through the end of 2013. The s...
Two Grand China Shipping (GCS) transpacific services are expected to commence following the split of the existing Super Pacific Express (SPX) service into two. One of them is the Pearl River Delta-Pacific Express (PPX) service. The new SPX, that focuses on Central China and Korea, will have the following rotation: Ningbo, Shanghai, Busan, Long Beach, Oakl...
Federal maritime regulators in the United States have launched an inquiry into the growing use of freight rate derivatives by shipping lines and exporters and importers on the international container shipping trade, reported the South China Morning Post. The Federal Maritime Commission began the investigation, following the rising use of index-based deriv...
The number of services connecting Port of Felixstowe with the all-important Asian market has been increased with MSC’s Lion Service commencing calls at the Suffolk port, providing one of the fastest available eastbound connections for UK exporters. The service commenced with a call from the MSC Bruxelles, but from July 2011, the 9,200 TEU class vess...
Container volume through South Carolina’s ports increased 10 percent in the current fiscal year to date (July 2010 to April 2011), despite a cooling of the global recovery. At its regular monthly board meeting today, the South Carolina Ports Authority today reported that container volume is up 10 percent in the current fiscal year to date (July 2010...
In April Cargotec confirmed a new order for 21 MacGregor variable frequency drive (VFD) electric cranes to be installed on seven 28,000 dwt multipurpose cargo ships. The ships will be built at Huanghai Shipbuilding in China for Ethiopian Shipping lines, and the MacGregor cranes are scheduled for delivery between August 2012 and September 2013. Three Mac...
DANISH shipping giant, Maersk Line, has announced that it has re-floated the 9,074-TEU Grete Maersk that was grounded near Vung Tau port in Vietnam on May 13, reported Vietnam's Thanhnien News. The Grete Maersk, now sailing to Shenzhen-Yantian, China, was stranded "as a result of modifying its course to avoid a potential collision with another vessel in ...
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