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Kuala Lumpur: Insolvent Malaysian shipowner, Malaysian Merchant Marine, is unable to submit audited annual financial results to Bursa Malaysia as cannot by auditor fees. MMM said it was unable to give a timetable for its audited financial results until the issue of outstanding audit fees for 2009 and the payment of fees for 2010 was resolved. “The dir...
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...
EVERGREEN and China Shipping have teamed up to offer a new service connecting ports in China and California, called the China/US West Coast Service 2-CPS2 ComPair Data said the service will have a fixed-day weekly schedule and deploy five ships with an average capacity of 4,187 TEU. Evergreen will supply three ships with China Shipping providing two. Th...
HANJIN Shipping, Hyundai Merchant Marine, Yang Ming (UK) and United Shipping Arab Company (SAG) have commenced a new container shipping service linking Asia to the fast growing Adriatic Sea area. The four carriers will jointly deploy eight panamax vessels on the service. The port rotation is: Busan, Shanghai, Ningbo, Shenzhen-Yantian, Singapore, Colombo...
Hong Kong: OOCL is implementing the next phase of its revenue recovery programme with effect from July 1, 2010. The General Rate Increase will apply to all container types on the Atlantic trades as follows: Westbound from Europe to USA, Canada and Mexico - US$ 400 per 20’ container - US$ 500 per 40’ container Eastbound from USA, Cana...
The Board of Directors of Far East Shipping Company (FESCO) – stocks Issuer's of the FESCO Transport Group, at a meeting on May 18 approved an authorized capital increase by issuing to the public offering of additional 690,592,500 common stocks. The decision has been approved unanimously by all members of the Board, the Company press release said. Th...
Proportion of Russian-flagged ships for the past 5 years has decreased by 20%, while vessels sailing under foreign flags has increased 1,8 times as much, to 70%, PortNews IAA correspondent reported quoting Sergei Buyanov, Deputy CEO, head of Research Department of Navy Fleet Researches, who was speaking today at the International Forum" Maritime Industry of...
The Danish company Unifeeder has not yet decided to lift Winter Surcharge (€30/TEU) announced by the Company on March 5 this year. The Unifeeder statement said the Company regrets it still has to keep Winter Surcharge for container shipments to / from the ports of Finland, St. Petersburg, Tallinn and Riga. Unifeeder, the largest feeder services in No...
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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