US FEDERAL Maritime Commission (FMC) chairman Richard Lidinsky has pledged to "keep a focus on improving the service contract process" before an audience of the Global Shippers' Forum in Macau. "Service contracts need to be improved if they are to come close to the vision that Congress had for them when it passed the Ocean Shipping Reform Act in 1998,"...
Since Russia has imposed ban on exporting grain the volume of grain shipments by the U.S., and Canadian growers is increasing, the Journal of Commerce reports. A sudden spike in business came to the St. Lawrence Seaway, and to U.S. and Canadian wheat producers, in sharply increased wheat exports because of Russia's ban on foreign grain sales. ...
Owned and operated by the James River Barge Line, a subsidiary of Norfolk Tug Company, the weekly container barge service between the US Ports of Hampton Roads (Virginia) and Richmond via the James River has completed its 100th voyage. The Virginia Port Authority (VPA) estimates that the strangely named “64 Express” has eliminated up to 200 ...
London: Independent tanker owners' association Intertanko has welcomed this week’s judgment in a Kenyan prosecution following the arrest of pirates by an EU NAVFOR warship. Seven Somali men accused of acts of piracy have been convicted in the Mombasa Law Courts and sentenced to five years' imprisonment. This is Kenya’s second pirate conviction...
Shanghai: Shipping investment group China Ship Fund said it will charter 12 Post-Panamax bulk carriers for $800m, writes Ship Technology. The vessels will be chartered for eight to ten years to Chinese Government-owned agribusiness company COFCO, at a daily rate of $23,000. The 92,500dwt carriers are reported to be under construction at China's CSC Jia...
London: Shipping companies will be able to continue servicing BHP Billiton and ArcelorMittal's West African interests seperately after the two companies announced they have ended discussions to combine their iron ore interests in Liberia and Guinea into a single joint venture. The companies stated that they were unable to reach a commercial agreement. ...
GENEVA's Mediterranean Shipping Company (MSC) has imposed US$180 congestion surcharge from September 1 on shipments from Europe to Algiers because of a two-month strike at the DP World terminal. This has resulted in ships taking up to one month to be unloaded, reports the American Shipper. "Even if the situation seems to be now solved, it will (...
ISRAELI flag carrier ZIM's general rate increase on westbound cargo from North Europe, Scandinavia to US and Canada will be US$250/TEU and $350/FEU and $450 per 40 foot high cube from October 1. The increase applying to all cargo on the trade lane is a necessary implementation to maintain service and reliability, said the shipping line. (Source:www.sc...
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