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Mediterranean Shipping Co. (MSC) has announced a rate restoration on the India to East Africa trade lane. It will be by $ 100 per TEU effective May 16. It has been MSC’s constant endeavour to upgrade its service levels to cater to the increasing volumes and demands of new trade lanes. Such rate restorations enable the company to maintain the highest...
Dockwise Ltd. announces 6 awards for Heavy Marine Transport (HMT) that have recently been secured by its subsidiary Dockwise Shipping with a total contract value of more than USD 34 million. Following the recently closed Master Service Agreement with Seadrill, Dockwise will be transporting the West Linus jack-up rig for North Atlantic Norway Ltd, one of S...
Hanjin Shipping received a 10,000TEU class containership. Named "Hanjin Spain", this new vessel is the fourth of the series of five 10,000TEU class ships ordered at Samsung Heavy Industries. According to Hanjin Shipping, "Hanjin Spain" will be deployed in Asia-Europe trade soon after the delivery. Attending the naming ceremony, Won Woo Lee, Chief Exec...
TROUBLED Horizon Lines no longer faces imminent bankruptcy after the company announced that the Federal Court had granted prosecutors' plea that the price-fixing fine it faced be reduced from US$45 million to $15 million. The Charlotte, North Carolina, company was expected to be in default by bond holders on any judgment over $15 million that the compan...
A record level of new containership deliveries in the next few months is expected to add further downward pressure on freight rates that are already below break-even on the Asia-Europe trade. According to Alphaliner, a total of 26 ships for 168,000 TEU had already been delivered in this month, putting April on track for the highest level of monthly delive...
TACOMA's Washington United Terminal was closed part of Tuesday while the fire department cleaned up a chemical spill during the unloading of the 6,350-TEU Hyundai Oakland, reported the Tacoma News Tribune. The ship from Busan was to depart for Seattle the next day, but no new sailing has been set, said the report. Firefighters were called to the pier s...
CONTAINER shipping volume has risen by nearly 12 per cent at the United States Port of Charleston in the first three quarters of its current fiscal year. In the July to March period, container traffic was up by 11.6 per cent to 1.03 million TEU, up from 925,837 TEU in the same period last year. Throughput in March accounted for 120,265 TEU of the total, ...
US carriers' Horizon Lines, Sea Star Line and Crowley Maritime will pay shippers US$52.2 million in damages for price-fixing between the US mainland, Hawaii and Guam. Several companies opted out of $52.25 million class-action settlement in Puerto Rico including Wal-Mart, Kraft and Procter & Gamble to pursue other law suits resulting in extensions 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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