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US Congressman James Oberstar, chairman of the House Transportation and Infrastructure Committee, who has consistently opposed free trade measures over the years, has announced that he wishes to widespread reform of American shipping. Mr Oberstar, a member of the Minnesota Democratic-Farmer-Labor Party, did not vote for Free Trade agreements with Singap...
ISRAELI flag carrier Zim has announced it will raise rates US$400 per TEU from Asia and the Indian subcontinent to Europe from August 1. The increase applies to all cargo bound for Mediterranean, Israeli, Black Sea and north European ports. The shipping line said the increases are needed "to maintain current levels of service and high reliability." ...
THE Transpacific Stabilisation Agreement (TSA), a 14-member quasi-shipping conference, has announced confidence in the current "modest, sustained growth", but also told shippers carriers need high rates and surcharges to cover losses sustained in the downturn. Carriers need the peak season surcharge "to prepare for service contingencies and to meet sche...
GENEVA's Mediterranean Shipping Company (MSC) has announced a rate increase on all cargo from the Far East to the United States and Canada from July 18. From the Far East to the US east coast and intermodal points from there, the increase will be US$320 per TEU, $400 per FEU and $450 per 40-foot high cube. From the Far East to the US west coast and...
The surge in imports from Asia that has caught carriers and their customers by surprise will continue at least into the autumn peak-shipping season, says a shipping executive. "Carriers are now seeing a strong peak-season surge that could last for some months," said Y.M. Kim, president and chief executive of Hanjin Shipping. The Transpacific Stabili...
NATIONAL Container Company (NCC) in Russia has announced that the total throughput of its FCT and NUTEP terminals in January-May 2010 amounted to 512,792 TEU, an increase of 32.6 per cent compared to the same period a year earlier. "These results also exceed the figures of the pre-crisis period of 2008 by 2.8 per cent which illustrates that NCC has over...
Wan Hai has announced the launch of a new intra-Asia service linking central and south China to south east Asia called the PHX-North PRC/Hong Kong/Straits Express with this week's sailing of the 1,700-TEU Otto Schulte from Qingdao. The rotation, covering three weeks with three ships averaging 1,700 TEU, will be Qingdao, Lianyungang, Hong Kong, Guangzho...
REEFER cargo have been granted a three-month delay from having to pay the Panama Canal Authority's (PCA) double-digit transit fee increases, reports London's Containerisation International. The PCA said that following a 30-day public consultation, traffic-wide rate increases announced last April would take effect January 1, but reefer cargo would be f...
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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