THE idle containership fleet has decreased by 66,000 TEU to 482,000 TEU, or 3.5 per cent of the existing cellular fleet, the lowest level of idling since December 2008. A total of 234 container vessels are currently idling according to Alphaliner's latest survey, with only seven units above 5,000 TEU, compared to 533 idle vessels, including 52 ships of...
HONG KONG's Orient Overseas Container Line (OOCL) is amending its intra-Asia KTX (Kanto/Kansai Taiwan South China Express) services that come in three weekly loops. As a result the container shipping line will add more capacity on its Japan-South China-Thailand KTX-2 loop from 2,700 TEU to 4,500 TEU. It is also extending the Japan-South China KTX-3 loo...
HAMBURG SUD and Maersk Line have announced the introduction a second string of 10 ships in the 2,100-TEU range on its service between Asia, South Africa and the east coast of South America. With each company providing five ships, the enlarged service will commence in the first week of July, said a statement from Hamburg Sud. The Sting 1 rotation wil...
US MARSHALS have been ordered to seize 5,900 containers in possession of Korea's flag carrier Hanjin Shipping because an ownership dispute was resolved in US courts in favour of first lien-holder, the Sumitomo Mitsui Banking Corporation (SMBC). But Hanjin has responded in British courts filing counter suits claiming Unitas Ireland and its parent, Unitas ...
Singapore: COSCO International announced that its wholly-owned subsidiary, Yuantong Marine Service Co. Limited (Yuantong) has expanded its supply of marine equipment and spare parts business overseas through acquiring a company in Singapore and setting up a new company in Japan, writes Transport Weekly. Yuantong entered into a share transfer agree...
DHL has gained its first Commercial Wine Storage Management Systems Certification from Hong Kong Quality Assurance Agency (HKQAA) for the DHL Global Forwarding wine hub, the first of its kind in the Asia Pacific region. Developed in partnership with the wine industry, the certification from HKQAA launched back in December 2009, recognises the company's...
THE London-based St Kitts & Nevis International Ship Registry (SKANReg) has flagged its 1,000th vessel since starting operations in February 2005, it has been announced. Latest plans include further recruitment of Flag State Inspectors (FSI's) - a key measure behind the registry's ongoing improvement in Port State Control MOU performance - with ad...
PRESIDENT of Fesco Transport Group Sergey Generalov has been appointed chairman of the Council of Union of Russian Shipowners. The selection was approved in view of changing the principles of consolidation of the council and improving its competence. The council of Union of Russian Shipowners also approved the decision to split up the posts of presi...
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