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TAIWAN's Yang Ming Marine Transport will be making a comeback in Far East-Australia sector as it tags on as vessel to the CKA service jointly operated by Hanjin Shipping, STX Pan Ocean, and Sinotrans. The inclusion of Yang Ming, which plans to contribute one 4,253-TEU ship to CKA, will coincide with an upgrade of the service that will see average vessel ...
THE Asia Latin America Express (ALX) Service launched by Hanjin Shipping (HJS), ZIM, Wan Hai lines (WHL), CCNI and HLCX commenced operations on April 19, with the Hanjin Rio De Janeiro making a maiden call at Shenzhen's Shekou Container Terminals (SCT). The service will call on SCT every Sunday. The ALX operates 11 vessels of 3,500 TEU, three from Hanjin...
CHILEAN carrier Compania Sud Americana de Vapores (CSAV) has announced a first quarter net loss of US$38 million, which narrowed from last year's loss of US$266 million. The 46 per cent increase in CSAV fleet size from 286,000 TEU to 418,000 TEU, has put the carrier in top 10 of world container shipping lines, said Paris-based Alphaliner. Along with ra...
TRANSPACIFIC spot rates for shipping an FEU from Hong Kong to Los Angeles climbed six per cent to almost US$2,000 in the week ending April 19, up from $1,976 from the week before as demand for space pushed up the price. Drewry Shipping Consultants also said the spot rate was 73 percent higher than it was in the same week last year when it hit a low of $1,...
CHINA Shipping Container Lines (CSCL) in a statement to the Shanghai Stock Exchange, said it lost CNY6.49 billion (US$950.31 million) in 2009, a decline from a net profit of CNY134.69 million in 2008. Revenue fell 43.4 per cent to CNY19.94 billion from 2008's CNY35.25 billion, the company said, attributing the loss to a shrinking market because of the gl...
China Shipping Container Lines Co. said Wednesday it swung to a net loss last year as the global financial crisis depressed its freight rates and squeezed traffic volume. The company, which is China's largest container shipper by capacity, said its net loss for the 12 months ended Dec. 31 was CNY6.49 billion, compared with a net profit of CNY134.69 m...
Maersk Line has reiterated its commitment to offer the best products between the Far East and West Africa and continuously offering its customers the best possible coverage, service and reliability in the market. The carrier has announced changes in the rotation of its FEW1 service where the weekly call to Apapa will be replaced with a direct call to Tincan...
FESCO posted a 22-percent gain in container volumes for Q1,10, to 76.671 TEUs, vs 62 422 TEUs year-over-year, the Company statement said. Besides, FESCO’s intermodal traffics jumped 126%, to 6.728 TEUs, against 2.976 TEUs in the first quarter of 2009. The volume of freight forwarding services amounted to 14.535 TEUs, a 26% increase over Q1,09 (11.50...
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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