Shipping News

Maersk opens new Far East-West Africa loop August 12 Aug 3, 2010

DENMARK's Maersk Line, and its unit Safmarine, have revealed they will commence a new service from August 12, called the FEW3, linking the Far East with southern and west Africa. The rotation will be Shanghai, Shenzhen-Yantian, Guangzhou-Nansha, Tanjung Pelepas, Durban, Pointe Noire, Lagos-Tin Can Island, Durban and Shanghai. The number and size of ves...

Five 3,500-TEU ships to double Matson China-Long Beach serviceAug 3, 2010

MATSON parent company Alexander & Baldwin (A&B) has announced plans to double its container shipping service to China after reporting a 129 per cent increase in second quarter profit. A&B will charter five foreign-flag ships with average capacity of about 3,500 TEU, and operate them on the rotation of Hong Kong, Shenzen, Shanghai, Long Beach...

Shipping Corporation of India posts Q1 profit at Rs 191 crAug 2, 2010

State run Shipping Corporation of India today reported a net profit of Rs 191 crore for the quarter ended June 2010, against a profit of Rs 120 crore in the same period last year. Total income of the company went up to Rs 907 crore in the April-June quarter from Rs 883 crore during the corresponding quarter last year. Shipping Corporation (SCI) is a...

Thenamaris linked with Yangzijiang octetAug 2, 2010

  Singapore: Greek owner Thenamaris has signed a letter of intent (LOI) with Jiangsu Yangzijiang Shipbuilding to order up to eight boxships. The owner is said to be planning to book two each of 1,800 teu and 2,500 teu for delivery in 2012. The larger ships cost in the $40m range and the smaller ones around $30m. Neither side has confirmed the bro...

Hanjin orders bulkersAug 2, 2010

Seoul: Hanjin Shipping has ordered a handysize and a supramax at fellow Korean yard SPP to make up for recently sold tonnage. Hanjin is thought to have spent in the region of $27.5m for the handy and $33.5m for the supramax. So far this year Hanjin has sold three bulkers. (Source:www.seatradeasia-online.com)

Tianjin-Haikou container shipping line launched Aug 2, 2010

A NEW container short-sea shipping line from Tianjin to the southern city of Haikou in Hainan province has been launched, Xinhua reported. Two 260-TEU vessels are deployed on the line, which offers one sailing in each direction and also reefer container service for fruit and vegetable from Hainan to Tianjin. The line can reduce delivery time by three to...

Maersk ups rates US$250/TEU-$500/FEU Mideast/South America Aug 2, 2010

MAERSK Line will increase it rates from all points in the Middle East and Indian subcontinent, (outside of Iran) to west coast of South America and Central America (excluding Cuba) to US$250 per TEU and $500 per FEU with routes on to Cuba and from Iran to the west coast to rise $200 per TEU and $400 per FEU. The rate increases are effective September 1 ...

Tanker 'blast' investigators see other possible causesAug 2, 2010

INVESTIGATORS looking into a supposed bombing on the starboard hull of a very large MOL crude tanker near the Strait of Hormuz last Wednesday are finding other possible causes for the blast, including a collision with a submarine, an accidental mine explosion, a rogue wave - even an earthquake. A Reuters reporter, who surveyed the 314,016-ton tanker, re...

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

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