Media
Media
THE shortage of containers is expected to continue for the immediate future, a development that is pushing freight rates up dramatically, say American bicycle importers. "Starting from January, carriers decided to cut the number of shipments to the US from Asia. This situation is expected to continue for the immediate future, although how long is not exac...
UNITED Arab Shipping Co (UASC) has restructured its local services covering Pakistan, India and the Red Sea that act as feeder services for the carrier's line haul network. As a result the carrier now runs a UAE-Pakistan-India loop (IMC 5) and a Red Sea service centred on Jeddah (IMC 6). Each loop offers weekly sailings and uses two ships of 2,200 TEU. ...
HOPES are high that South Africa's 12-day rail and port strike is coming to an end as union negotiators encourage the rank and file to take the 11 per cent cross-the-board wage increase they had previously rejected. "It is unfortunate that we have not been able to increase the 11 per cent offered by management. We must understand that this is a settlemen...
KOREA's Hyundai Merchant Marine (HMM) has announced a general rate increase of US$200 per TEU on all cargo moving from Asia to Europe from June 1. HMM in its notice to the trade, gave as its reason the growing stability of the market and the mounting confidence in its prospects during the current shipping season. Source: www.schednet.com
Seaspan Corporation accepted delivery of another 8500 TEU containership named the COSCO Malaysia from Hyundai Heavy Industries Co., Ltd. on May 19, 2010. This is Seaspan's seventh delivery in 2010, expanding the company's operating fleet to 49 vessels. The COSCO Malaysia is on charter to COSCO Container Lines Co., Ltd. ("COSCON") of China under a twelve...
The latest data from the European Liner Affairs’ Association (ELAA) has shown that imports into Europe during January-March 2010 increased by almost 17 per cent when compared to the same period of 2009 to touch 5 million TEUs, Exim News Service informs. Exports increased by 17.5 per cent year-on-year to reach 3.6 million TEUs. The growth was la...
THAILAND's Regional Container Lines (RCL), the intra-Asia feeder, cut losses 52 per cent in the first quarter year on year, posting a loss of THB342 million (US$10.5 million) against the THB711 million lost in the same period last year. While the company credited 12 per cent savings from aggressive cost-cutting, rising rates, experienced elsewhere in the...
MAERSK and its unit Safmarine will start their first direct container service between the Malaysia and the Arabian Gulf at the end of June. It will be operated by an unknown number of 2,900-TEU ships, reported American Shipper on the following rotation: Tanjung Pelepas, Jebel Ali, Djibouti, Jeddah, Port Sudan, Djibouti and back to Tanjung Pelepas. Djibo...
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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