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Media
SWISS carrier Mediterranean Shipping Company (MSC) has announced the revision of its India-Subcontinent-Europe Service (ISES) service with the addition of a call at Port of Pipavav, India effective mid September. The service will continue to serve Nhava Sheva (Jawaharlal Nehru) and Mundra with the deployment of seven 3,500-TEU. The port rotation will be...
GENEVA-based Mediterranean Shipping Company (MSC) has announced an increase in its general rate of US$200 per TEU on all cargo to US from Israel, Italy, southern France, Spain and Portugal. In a company statement, the carrier advises it is the last step in its 2010 business plan effective from October 15. (Source:www.schednet.com)
London: Average daily spot earnings have almost doubled week-on-week for capesize vessels, while levels paid for rounds in the Pacific have tripled to $32000/day as China regains its appetite for iron ore. The Baltic Dry Index rose 7.5 percent yesterday, or 166 points, to 2,378 points in a fifth session of gains. The Baltic's capesize index rose 15.71 ...
Shanghai: China’s Chengxi Shipyard has inked an up to $514m contract with Canada Steamship Lines to build 10 self-unloading bulk carriers. The order is for three panamax bulkers with an option for a further three, and two plus two handysize ships. The panamaxes were priced at $55m per unit and the handies at $46m apiece. By going for geared sh...
GREEK containership owner Danaos Corporation plans to raise up to US$200 million in a private placement of common stock to build 18 new box ships. Athens-based Danaos is issuing about 54.05 million shares of common stock priced at $3.70 each, said a PrivateRaise account published in PIPEs Report, a private equity portal. Danaos chief executive offic...
HYUNDAI MERCHANT MARINE's (HMM) California United Terminals (CUT) is planning to shut down its terminal operations at Pier E in the Port of Long Beach and relocate to the Port of Los Angeles. The CUT terminal opened in 1979 and currently services calls mainly from HMM and its partners, APL and MOL. The terminal handled about 386,000 TEU last year, repo...
THE Suez Canal Authority is enforcing an old, but long ignored, law prohibiting firearms aboard commercial ships transiting the canal, seizing them at one end and driving them to the other where they are returned, said a Maersk official. But Maersk says the procedure causes eight- to 10-hour delays while ships wait for officials to arrive and take posse...
GERMAN Travel giant TUI AG, the biggest shareholder with a 43 per cent stake in the Hapag-Lloyd, has posted a shrinking third quarter net loss of EUR9.4 million (US$12.3 million), down from EUR470 million a year earlier. What goes news the company had, came from its container line, which reported a profit, though it too had declined together with intere...
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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