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CSBC Corporation, Taiwan has resolved to kick off new business operations in 2010 by tapping the lucrative markets of China and India, including setting up a ship design and consulting firm in China. W.L. Cheng, chairman of CSBC, told local media his company will be developed into a conglomerate by expanding business scopes, including the establishment of...
HONG KONG's Orient Overseas Container Line (OOCL) has named its 12th 4,500-TEU newbuilding in a series of 16 containerships to be built and delivered by Samsung Heavy Industries, the OOCL Charleston, at the Geoje Shipyard in South Korea. "The OOCL Charleston is named after the vibrant Port of Charleston in the United States," said Mr CC Tung, chairman an...
TAIWAN's Evergreen Marine has announced a rate increase on its Far East Indian subcontinent to Europe-Mediterranean services. Westbound rates on these services will rise US$250 per TEU from February 1 and apply to all cargo including reefer containers. (Source: www.schednet.com )
GENEVA's Mediterranean Shipping Company (MSC) has announced a bunker surcharge on westbound Asian exports from February 1. A charge of US$505 per TEU will be applied all cargo from Asia bound for Red Sea, Mediterranean, Black Sea ports, northern Africa, northern Europe, Scandinavia and the Baltic. (Source: www.schednet.com )
CONTAINER shipping lines participating in the Asia-West Africa Trade Agreement (AWATA) have decided to separate the discharge costs and related expenses from the Base Freight by introducing an additional freight charge, which in future will be known as a "Liner Out Charge (LOC)." The move to separate out these costs from the Base Freight is intended to cr...
KOREA's Hanjin Shipping and Dubai-based United Arab Shipping Company (UASC) have announced they will commence a West Africa Service from Valencia starting March 1. Named WAF (West Africa Service), the rotation will be Valencia, Lagos, Cotonou, Tema and Abidjan and back to Valencia with two 1,700-TEU class ships one from Hanjin, the other from UASC. A H...
Nanjing Port Authority has selected logistics giant Sinotrans ahead of Cosco to revamp the river port. A letter of intention has been signed between the two bodies this week whereby Sinotrans will pump in cash, the authority will restructure, corporatise and become Nanjin Port Group Co. Ltd, with the logistics player taking an unyet specified stakes in the ...
China urgently needs more coal. The cold snap sweeping across large swathes of the country since Saturday has forced some provinces to ration electricity for industrial use. By the end of 2009, coal stockpiles in the Central China grid network were sufficient for only 10 days, less than the recommended 15 days, according to official data. Altogether, Chi...
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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