Shipping News

Jiangxi's first export LCL service launched Aug 5, 2010

THE first less-than-container load (LCL) service for exports from Jiangxi province, which is between the province's capital Nanchang to Shenzhen, was recently launched officially after months of trail operation, Xinhua reported. With launch of the service, shippers in Jiangxi can go through customs procedures in the Nanchang customs before cargo enters...

Canada Transpacific Stabilization Agreement reduces CAFAug 5, 2010

MAJOR transpacific shipping lines of the Canada Transpacific Stabilization Agreement (CTSA) has announced a reduction in its currency adjustment surcharge to five per cent since it dipped and rose one per cent from March to May this year. The member lines of CTSA - APL, COSCO Container Lines, Evergreen, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, NY...

Khorfakkan welcomes CMA CGM 13,800 TEU shipAug 4, 2010

Gulftainer welcomed the CMA CGM Christophe Colomb at its facility in Khorfakkan, United Arab Emirates (UAE). With a capacity of 13,800 TEUs and an overall length of 365m, the vessel is the largest ever to enter the recently expanded terminal. The CMA CGM Christophe Colomb has been built with a combination of innovative environmental features, includ...

Shipping industry optimistic despite weak economic indicatorsAug 4, 2010

The shipping industry has shrugged off concerns about a possible severe downturn in cargo export volumes from the mainland following last month's decline in manufacturing output, reported the South China Morning Post. Peter Sand, a shipping analyst with the Baltic and International Maritime Council, which has about 1,000 international shipowners as mem...

Samsung reported to be investing in new Malaysian yardAug 4, 2010

Seoul: Samsung Heavy Industries is to invest in a new yard to the south-east of Johor in Malaysia, local media reported. The company last year visited Teluk Ramunia and identified an area there for its shipyard. Samsung Heavy is the second-largest shipbuilder in the world with its main activities in shipbuilding, offshore floaters, digital devices f...

Maersk fined $3.1m by US for breaching embargoesAug 4, 2010

Copenhagen: Danish shipping and oil group A.P. Moeller-Maersk said Monday it had paid a $3.1m fine to the United States for having violated its embargo on Iran and Sudan, writes AFP. US authorities sued the Danish group's shipping branch Maersk Line for having used ships registered in the United States to carry commercial cargo to Sudan and Iran between Ja...

UASC and UAAA tie the knot on Australian tradesAug 4, 2010

Sydney: Inchcape Shipping Services subsidiary United Arab Agencies (Australia) Pty. Limited (UAAA) has been appointed agent for United Arab Shipping Company across Australia. The appointment coincides with the launch of UASC’s new Asia Australia Container Service 1 known as “AAC1” which will cover the trade lane from Australia to Southeast...

Cosco Corp sees Q2 net profit doubleAug 4, 2010

Singapore: Cosco Corp's second-quarter net profit nearly doubled due to higher contributions from its dry bulk shipping and shipyard operations but the China-based company painted a cautious outlook for the rest of the year. Net profit for the three months ended June 30 was $68.4 million, up 85 per cent from the corresponding period a year earlier, the...

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Transportation Center Connecting As

Transportation Center Connecting Asia and Europe Market

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.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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