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SINGAPORE's Neptune Orient Line (NOL) said its APL container arm moved 212,000 FEU in April, a 34 per cent year-on-year increase. The company also said volumes were up 43 per cent from the first of the year to April 30 against the same period 2009, and rates are five per cent higher. Intra-Asia and transpacific trade was credited for the robust perform...
Singapore: AET says the tanker Bunga Kelana 3 is no longer leaking oil after it was involved in a collision in the Singapore Strait this early morning. The 105,784 dwt, 1998-built, Bunga Kelana 3, operated by MISC tanker arm AET, spilt 2,000 tonnes of oil when it collided with the Hong Kong owned, 25,449 dwt, 1983-built, bulker Waily at 0610hrs on Tuesday m...
Jakarta: Berlian Laju Tankers (BLT) is planning to raise up to S$203.3m through a rights issue to fund fleet expansion opportunities. The Indonesian shipowner has proposed the issue of up to 5.98bn new shares priced at Rp220 per share, or S$0.034, raising up to S$203.3m. The represents a discount of 56.9% to the last traded price of Rp510 on the Indonesian ...
Seoul: Joining rivals Vale and Rio Tinto, mining giant BHP Billiton has become a shipowner. BHP has this week inked a deal with the world’s largest shipbuilder, Hyundai Heavy Industries, for six 205,000 dwt bulkers. Rio Tinto, a month ago, opted for eight similarly sized ships to be built at Hanjin Heavy’s Subic yard, while Vale has many ships o...
Chinese shipping giant China Ocean Shipping (Group) Co (Cosco) is exploring more investment opportunities in Greece after successfully winning a container operation project at the Greek port of Piraeus, reported Xinhua News Agency, citing Cosco president and CEO Wei Jiafu. Wei, currently on a visit in Athens, told Xinhua earlier this week that his trip is...
Maersk Line is scaling back its Asia-North Europe services following the launch of a new joint service with CMA CGM, the FAL 5, slated to begin in July. The move has prompted the carrier to scrap its westbound AE23 slot charter arrangement on CMA CGM's FAL 3 service. The French shipping line's last AE23 eastbound voyage will be undertaken by the 8,200-T...
HONG KONG's Orient Overseas Container Line (OOCL) will introduce a general rate increase on Atlantic container traffic from July as a measure of "revenue recovery". An increase of US$400 per TEU and $500 per FEU will be levied on all container cargo westbound services from Europe to the US, Canada and Mexico and $320 per TEU and $400 per FEU eastbound. ...
GERMAN carrier Hapag-Lloyd is to increase general rate on westbound and eastbound from North Europe and the Mediterranean to the US/Canada and Mexico, and US destinations via Canadian ports, to US$320/TEU and $400/FEU effective July 1. Additional charges of $20 and $50 for TEU and FEU respectively will apply to cargo from Norway, Sweden and Denmark accord...
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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