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MARSEILLES' shipping giant CMA CGM has announced it is increasing ship size on its butterfly Columbus service it runs with Maersk Line, linking Asia with Pacific Northwest ports on one leg and the US east coast via Suez on the other. "We have decided to optimise the Columbus service to keep pace with our customer needs while offering a high quality ser...
MARSEILLES' CMA CGM has received delivery of the 6,500-TEU CMA CGM Lamartine and 11,400-TEU CMA CGM Callisto from South Korea's Hanjin Heavy Industries shipyards to meet demand on the Asia-north Europe Mediterranean trades. The Lamartine is assigned to the Asia-Mediterranean market on the MEX (Mediterranean Express) service. The vessel rotation is as ...
Maersk has taken a step back from original plans to implement one of the largest Asia-North Europe peak season surcharge (PSS) ever introduced, citing changes in volatile market conditions, and volume demands for the dramatic backtrack. Maersk will continue with its existing Asia-North Europe PSS of US$250 per TEU and $500 per FEU and $500 per 40 ft hi ...
Seoul: Japan’s Mitsui O.S.K. Lines is close to sealing a deal with Hyundai Mipo Dockyard of Korea for three 46,000 dwt product carriers for delivery in 2013. The unexpected move to order this ship type outside of Japan is down to the pricey Japanese yen. The ships will replace three chartered in ships. (Source:www.seatradeasia-online.com)
Bangkok: Thoresen Thai Agencies has snapped up a supramax newbuilding from Greek principals for $34.5m, the company said Friday. The 57,000-dwt ship has been acquired from Meadway Shipping & Transport and was handed over to its new owners on Thursday. The Teo, which will be renamed Thor Achiever, was built by China’s Qingshan Shipyard and ...
Kuala Lumpur: MISC is to sell 25.5% of its shipyard arm Malaysia Marine and Heavy Engineering (MMHE) in a initial public offering (IPO) by the end of this year. The share issue of 208m shares will be split between a, 146m shares, or 9.12% stake, offered to institutional investors and a 262m shares, or 16.38%, as a public offering. MISC said the listing woul...
Tokyo: Mitsubishi Heavy Industries Ltd. will stop producing commercial vessels at its Kobe Shipyard & Machinery Works in June 2012, shifting production to two other shipyards in Nagasaki and Shimonoseki, Yamaguchi Prefecture. Announcing the move, MHI officials said the company faced tough price competition from rivals in South Korea and China amid a slo...
THE Singapore Exchange (SGX) is to off trade four new container swap contracts effective August 2 based on the freight rate for shipping containers between two ports and working on much the same hedging principle as dry bulk and tanker markets. According to United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the Korea Ma...
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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