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HONG KONG's Orient Overseas Container Line (OOCL) has announced that freight rates from south east Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, the Indian subcontinent and the Middle East) to Australia, will be increased by US$300 per TEU from October 1. OOCL said the increase was needed to "ensure the continued provi...
Maersk Line said it will go ahead with a previously announced general rate increase on all container cargoes shipped across the North Atlantic in the fourth quarter. From October 1 shippers will pay the Danish carrier an extra $250 for a 20-foot dry container, $350 more for a 40-foot box and an additional $500 for a 40-foot reefer container for cargo mo...
Some of the world's leading container shipping lines have started slapping on shippers out-of-service charge in respect of damaged equipment, much to the dismay of the shippers who feel that it is yet another stealth charge being imposed due to dwindling profits of the lines, reported The Hindu. There have been cases where the shipping lines claiming d...
Hong Kong: Larger handysize tanker newbuildings will soon be on offer at Guangzhou Shipyard International as it expands into another province. The Hong Kong-listed builder is looking to alleviate a logjam of orders as well as chase higher turnover through the lease of a yard in Jiangsu province. It is paying CNY 90m ($13.24m) to rent the property in...
Kuala Lumpur: As struggling Malaysian Merchant Marine (MMM) posts a RM5m loss its directors again cast doubt over the company’s future. MMM reported a loss for the first quarter ended 30 June of RM5.16m, with revenues of just RM288,000 for the period. “The company and the group are no longer viable operating concerns. The board is in discussions...
Singapore: Yangzijiang Shipbuilding has bagged over $900m in newbuilding contracts over the last two months. The Chinese shipbuilder said it had entered into 28 shipbuilding contracts since 1 July worth a total of $914m. The contracts comprise eight containerships and 20 bulkers. Yangzijiang said five contracts worth $127.4m had become effective on the rece...
Jakarta: Indonesian state oil and gas firm Pertamina plans to invest $600m in new tankers over the next three years. “We plan an international tender to order three tankers of 80,000 dwt capacity in September. These tankers will be used to carry crude oil,” said Suhartoko, vice president of Pertamina Shipping. The company also plans to buy a VLC...
THE 13,500-TEU Evelyn Maersk was the 100th ultra large containership to sail into the port of Rotterdam in 2010, the port authority announced. "Rotterdam is ideally suited for these vessels with a length of around 400 metres, now on the existing Maasvlakte, and shortly also on Maasvlakte 2," said Port authority CEO Hans Smit. "After a sharp fall 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
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