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WORLD trade by all modes of transport is rebounding strongly from a deep dive during the global economic crisis with growth forecast of 8.5 per cent in 2010, according to the latest analysis from IHS Global Insight's World Trade Service which predicts total world trade will grow 7.8 per cent in 2011. Carriers are beginning to respond to an upturn in carg...
CEVA's chief operating officer Bruno Sidler says the rise in demand for shipping is not inventory re-stocking as often claimed by carriers, but a genuine recovery in consumer spending, reports London's International Freighting Weekly (IFW). "A lot of people were saying the surge in demand was just people filling up their depleted stock, but that's not ...
THE recovery in container shipping has resulted in a scramble for market share again, as several carriers increase capacity, while others settle for a smaller slice of the pie. Of the leading 25 operators, 15 have expanded their available space, while the remaining 10 have reduced capacity. Aggregate tonnage for the group has increased by five per cent ov...
JAPANESE shipping giant MOL will implement a general rate increase of US$160 TEU and $200 per FEU as well as on 40-foot high cube boxes from June 1 on cargo from Canada to Asia, which includes west Asia and the Indian subcontinent. "Please also be advised," said the MOL notice to trade, "that the Origin Documentation Fee, Canada to Asia, will increase fro...
- Despite difficult market conditions, the EUROGATE Group achieved its targets for 2009. Although recording a decline in revenue of17.3% to €591.4m, net profit for the year amounted to €47.8m, 59% lower than in the previous year. In response to the economic crisis EUROGATE cut investments by 59.5% to €96.7m. Additionally, it implemented a c...
Hanjin Shipping signed a 15-year CVC (Consecutive Voyage Contract) with KOMIPO (Korea Midland Power Co., Ltd.) today after the bidding that took place back on March 16th. According to Hanjin Shipping, a panamax vessel will be deployed in the transportation of 1.3 million tons of coal from Indonesia, Australia and Canada to Korea on annual basis. The...
Tokyo: Japanese shipping line Kawasaki Kisen Kaisha Ltd. (K-Line), on behalf of Flex LNG Ltd., plans to launch the world's first floating LNG (FLNG) production platform in 2014 for Thailand’s state-owned PTT Exploration & Production PCL (PTTEP). K-Line will operate the offshore facility in a natural gas field in northwest Australian waters thro...
Hanoi: STX Europe officially launched its shipyard in Vung Tau, Vietnam on April 28th 2010, in connection with the naming of the first vessel built there. STX Europe's shipyard has taken a strategically important position in the Asian market for offshore vessels. With an investment in excess of US$30 million, located in the heart of Vietnam's growing of...
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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