Shipping News

APL revives peak season China-Korea to Oakland-LA loop May 19, 2010

APL will revive its transpacific China-Korea to California loop on May 25, which will have slots taken by its New World Alliance partners Hyundai Merchant Marine and MOL, reports Alphaliner. The PS-5 will offer a weekly capacity of 5,200 TEU and will link Busan, Shanghai (Waigaoqiao and Yangshan), Los Angeles, Oakland, Yokohama and back to Busan with the ...

Cosco, MSC cut capacity 25pc on Far East-Mideast routeMay 19, 2010

COSCO Container Lines and the Mediterranean Shipping Company's (MSC) joint service linking the Far East and Middle East will cut capacity on the loop from May 24, according to ComPair Data. Operating with 6,880-TEU ships on average, with Cosco providing five vessels and MSC providing one, the MEX/MAX service will operate from May 24 with six smaller 5,17...

MOL levies peak season surcharge from mid-June to Mid-MarchMay 19, 2010

JAPANESE shipping giant has announced that it will levy a peak season surcharge on all cargo from Asia to North America starting June 15 to run to March 15 next year. The eastbound surcharge will be US$400 per TEU, $500 per FEU, $565 per 40-foot high cube and $635 for 45-footers. For the purposes of this announcement, Asia means West Asia, East Af...

HK April up 11pc to 1.9 million TEU, Singapore rises 9.9pcMay 19, 2010

FIGURES from the Hong Kong Marine Department show the port handled 1.9 million TEU in April, an increase of 10.8 per cent over the 1.7 million in April of last year. Singapore's Maritime and Port Authority reported an 11.3 per cent increase in container movement in April, having handled 2.3 million TEU compared to 2.1 million TEU in April of last year. ...

Maersk to ink deal on Yangtze terminalMay 18, 2010

AP Moller-Maersk aims to invest in new port facilities in China's fast-growing provincial capital of Chongqing to develop a key inland harbour on the Yangtze River, according to a senior executive, Euclid Infotech reported. The port terminals wing of the Danish shipping and oil group will sign a memorandum of understanding this week with state-owned Chon...

Seaspan accepts delivery of forty-eighth containershipMay 18, 2010

Seaspan Corporation announced that it accepted delivery of the CSAV Lingue from Jiangsu Yangzijiang Shipbuilding Co., Ltd. on May 14, 2010. The 4250 TEU containership is Seaspan's sixth delivery in 2010 and expands the company's operating fleet to 48 vessels. The CSAV Lingue is on charter to Compania Sud Americana de Vapores ("CSAV") under a six-year, f...

Singapore bunker sales up 2.8 per cent to 3.42 million tonnes in AprilMay 18, 2010

Marine fuel sales in Singapore, the world's largest bunker port by volume, hit a second consecutive all-time high at 3.42 million tonnes for April, up 2.8 per cent from a month ago, official data showed. Traders said rising fixed-price levels in April, plus heavy supplies in East Asia, drew buyers to Singapore, where prices are the lowest in the region. ...

CMA CGM expands PEX serviceMay 18, 2010

Mobile, USA and Pusan, Korea will be added to CMA CGM’s PEX3 service (Asia-Gulf of Mexico) effective May 20, 2010. These changes will allow a wider port coverage with the best transit times between Asia and the US Gulf coast, extended service from North China via Pusan's transhipment hub, and an additional exit port for US exporters with access to ...

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