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EMIRATES Shipping Line, has announced it will enhance its Asia/Africa loop (AFA) service by adding south China calls. The carrier will run four ships, averaging 1,968-TEU, on the following port rotation for the revamped AFA: Hong Kong, Shenzhen-Shekou, Singapore, Port Klang, Colombo, Mombasa, Tanga, Dar es Salaam, Singapore and back to Hong Kong. The n...
ABOUT 30 per cent of China's coastal shipping companies are suffering losses because of overcapacity and rising fuel prices, with inland shipping companies suffering worse with losses of up to 40 per cent. Rising oil prices and labour costs rise have driven demand down for cabotage, said China's vice president for transport Xu Zuyan despite a first qua...
CONTAINER shipping rates have increased on three of the four main trade routes last week, according to the Shanghai Containerised Freight Index (SCFI). Only Shanghai-to-Europe rates fell to US$919 per TEU, compared with $925 the previous week while Shanghai-Mediterranean prices were up $1 per TEU to $914. Although rates on the Asia-Europe trade were do...
SOUTH KOREA's Hanjin Shipping has announced a first quarter operating loss of US$11 million despite a robust rise in revenue to $1.9 billion. "Despite the concern over the traditional slack season, total sales jumped 16.9 per cent year on year recording $1.96 billion due to increased cargo volume. Container division saw 19 per cent revenue increase to $...
DANISH shipping giant Maersk Line is increasing its "piracy surcharge" to US$200 to $500 per FEU from $100 to $400 on cargo passing through the Gulf of Aden and the Indian Ocean. Maersk Line makes 2,000 voyages a year through pirate-infested waters off the Horn of Africa and is now deploying larger ships, which while harder to board, are more expensive to...
HONG KONG's Orient Overseas Container Line (OOCL) and Japan's NYK Line have announced an agreement for the charter of four 13,000-TEU ships. "OOCL has exercised its option to order an additional four 13,000-TEU ships on top of the original order of six," said and NYK statement. "Out of the 10 ships, four will be chartered to NYK for a period of three y...
The ship designed by Denmark-based Carl Bro Co meets the rules and regulations of the DMV International Registration Bureau (IRB) and latest International Convention on Maritime. Ha Long Shipbuilding Industry Ltd Co (under the Vietnam National Shipbuilding Industry Group-Vinashin) on May 10 successfully launched the 53,000 tone cargo ship-HL14 named Anna ...
Danish shipping and oil group AP Moller-Maersk yesterday reported first-quarter net profit at the top end of expectations, helped by higher-than-expected freight rates and buoyant oil prices. The owner of Maersk Line, the world’s biggest container shipping firm, which has its UK head office in Liverpool city centre, reiterated that 2011 earnings wou...
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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