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FAILURE to hand over a free zone area to the operator of Pakistan's Gwadar Port, for construction of warehousing facilities, threatens to turn the entire port into a white elephant with both the government and PSA of Singapore losing millions, according to the Business Recorder. Under the terms of the concession agreement with PSA, three companies were a...
THE British branch of the Women's International Shipping & Trading Association (WISTA-UK) held a debate in London recently on the value of women's leadership in shipping, but there were few words spoken against the feminist resolution even by speakers appointed to express opposition. Asked about the one-sided nature of the debate, WISTA-UK spokesman...
BIGGER ships are again in demand as the peak season revs up and slow steaming absorbs tonnage, according to Paris-based Alphaliner, whose analysts say idle ships of 5,000 TEU or more are finding work with new loops starting up and old ones are resuming as the recession begins to fade away. The number of unemployed large containerships is expected to fall ...
THE idle containership fleet has declined again over two weeks to one million TEU or 7.5 per cent of the global cellular fleet, the lowest since February 2009, according to Alphaliner records. Only the week before, the Paris-based shipping consultancy reported that laid-up tonnage at the end of March totalled 1.18 million TEU, or 445 ships, after which it...
JAPAN's "K" Line and Mitsui OSK Lines (MOL) have announced an all-water service from major Asian ports to the US east coast via the Suez Canal starting on May 15 with the sailing of the Suez Canal Bridge from Shenzhen-Shekou. The SVE (South China/Vietnam - the US East Coast) service will be operated by "K" Line and MOL with "K" Line providing seven ships...
Orient Overseas Container Line (OOCL) has announced an immediate rate increase of $ 150 per TEU, $ 300 per FEU and $ 300 per 40-foot high cube containers on all cargo from Hong Kong, Macau and south China to the Middle East. OOCL also announced that from all Asian countries except Japan to Hong Kong, Macau and South China there will be a currency adjustme...
LONDON-- A senior executive at Maersk Line said Monday the carrier expects the strong shipping growth early this year to slow down in the second half of the year because volume has outpaced gains in retail sales. “The current supply and demand balance remains fragile,” Morten H. Engelstoft, chief operating officer at Maersk Line, told the annu...
Inventors in the US, Netherlands and India are moving closer to easing a headache that costs the shipping business billions of dollars a year, reported The Wall Street Journal. Empty containers must be shuffled around the world to be refilled, requiring millions of ship, truck and rail journeys that yield no revenue. "It's a huge expense, a huge headac...
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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