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HONG KONG's Orient Overseas Container Line (OOCL) has announced the implementation of a US$250 per TEU rate increase on all cargo North East Asia (China, Hong Kong, Taiwan, Japan and Korea) to Australia from July 15. OOCL said this was a phase of the company's "revenue recovery programme to ensure the continued provision of high quality services and suf...
MORE German ships are flying the Liberian flag so they can offer more than the passive resistance to pirates in the face of the inability of the German navy to attack pirates because of passive German laws. Roland Hoger, managing director of German shipowner Komrowski, has revealed to London's Lloyd's List that his company flagged out its 925-TEU Taipan...
MARSEILLES-based shipping giant CMA CGM has raised rates and surcharges on a wide range of trades - and will do it again July 1. From June 15 the French shipping line has increased rates from the Far East to Red Sea ports by US$150 per TEU and will increase rates again July 1 by $400 per TEU. From June 15 cargo going from the west Mediterranean to the C...
DENMARK's Maersk Line has told customers it is getting ready to levy a surcharge of US$750 per TEU and a $1,000 per FEU as well as a $1,200 per 40-foot high cube surcharge on Asia-to-north Europe from July 15, citing space constraints and equipment shortages. "The container market from Asia to Europe is showing a continued strong trend, which we expect t...
Tokyo: Japanese shipowners, shipyards and ClassNK continue to play a major role in the growth of the Marshall Islands Registry, which is now the world's third largest open registry with more than 2100 vessels and over 56 million gross tons. "Japanese shipowners are currently the sixth largest shipowning group in the Registry while Greek shipowners represen...
Singapore: Emissions scrubbing technology company Ecospec of Singapore has announced its "biggest business venture yet" to combat climate change. Canada Steamship Lines (CSL) has agreed to install the company's CSNOx system - claimed to be highly efficient in cleaning engine exhaust emissions of much of their CO2, SOx and NOx content - onboard one of its v...
Jakarta: Indonesian state-owned shipping firm Djakarta Lloyd could face liquidation. Djarkarta Lloyd is one of eight Indonesian state-owned firms that has been placed under “special care” due to their worsening financial condition. Mustafa Abubakar Indonesian Minister of State Owned Enterprises said it would evaluate small companies such as Djak...
Seoul: Hanjin Shipping says arrest of 5,900 of its containers Sumitomo Mitsui Banking Corporation (SMBC) is a commercial dispute and does not relate to the company’s financial status. SMBC filed in the US earlier this week to seize 5,900 containers leased to Hanjin by Unitas. Hanjin Shipping said it leased the containers from Unitas for eight years fr...
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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