Paris: A rapidly depleting orderbook and an improved trade outlook could lead to the return of major new orders for containerships by the first quarter of 2011, based on Alphaliner’s analysis of historical ordering activity. If the present drought of orders continued for another 12 months, the orderbook could fall to a record low of 9.8% by December 2...
The CKYH Alliance of Cosco, "K" Line, Yang Ming and Hanjin has amended the port rotation and vessel deployment of its transpacific service, the PSW-1/CALCO-C service, that links China and Japan to Long Beach and Oakland, according to research by ComPair Data. The service now calls at ports in Shanghai, Tokyo and Nagoya, while the stop at Kobe has been rem...
ALL-IN Asia to Europe spot rates have decreased for eight consecutive weeks, according to the International Freighting Weekly (IFW) box index, and the space index is also down. The IFW's rate survey shows that the average all-in spot rate on services from China to Northern Europe dropped to US$1,818 per TEU for the week ending April 23, down from $1,845 ...
HAMBURG SUD and CCNI (Compania Chilena de Navegacion Interoceanica) have announced their decision to restore capacity to pre-financial crisis levels in the trade between Asia, Mexico and South American West Coast. They say recovering market volumes have encouraged the two shipping companies to offer a "more complete service package". From June, the serv...
MAERSK Line, a member of the Danish group AP Moller-Maersk, has started offering a direct connection between the Far East and Tin Can Island at Lagos, Nigeria. This comes as the carrier has dropped its weekly call to Apapa on its FEW1 service and replaced it with a direct call to Tin Can Island. By changing the port rotation, Maersk Line now offers dire...
OOCL will launch an intra-Asia service on May 5 linking China with Thailand and Vietnam in response to increasing demand in the region. OOCL will operate the new service independently with four vessels of 1,300 20-foot equivalent units capacity. The port rotation is Dalian, Xingang, Qingdao, Xiamen, Hong Kong, Ho Chi Minh, Laem Chabang, Bangkok, Laem Chab...
On the morning of 5 May, a Liberia-flagged oil tanker MOSCOW UNIVERSITY, owned by the Russian NOVOSHIP Company, was hijacked approximately 350 n. m. east of Socatra. At the time of the attack, the 106,474dwt MOSCOW UNIVERSITY was heading east with a final destination of China. The ship has a crew of 23, all from Russia, and all are believed to be well, EU N...
Hamburg Süd and CCNI have decided to restore capacity to pre-crisis levels in the trade between Asia, Mexico and South America West Coast. As of June the service will consist of string one with eleven 4,200 TEUs nominal vessels calling at the following ports: Yokohama – Pusan – Shanghai – Ningbo – Yantian – Hong Kong &nd...
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