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MOL in January will increase ocean freight rates in two phases for all refrigerated cargo exported from the United States and Canada to Asia, the Middle East, Australia and New Zealand. The general rate increase is meant to offset the slide in rates throughout the past year even as operating costs increased, MOL said. “This reefer increase is necessa...
Grand Alliance partners Hapag-Lloyd (HL), Nippon Yusen Kaisha (NYK) and Orient Overseas Container Line (OOCL) announced they will add a direct Vietnam call at Cai Mep deepwater port to their Asia East Coast Express (AEX) service, from 9th of January 2010. This additional link is a further improvement of the Grand Alliance service network. Port rotation of...
Wärtsilä, the marine industry's leading ship power system integrator, has during 2009 been awarded two large orders from the Spliethoff Group, headquarted in Amsterdam, the Netherlands. The orders are for propulsion systems for eleven ships that the Spliethoff Group has ordered at the Ouhua Shipyard in Zhejiang, China. The Wärtsilä scop...
Israeli flag carrier, Zim, has announced it will increase its Far East and Indian Subcontinent to Europe rate from January 1. It will increase rates by $ 250 per TEU to all Mediterranean, Black Sea and north European ports, according to Exim News Service. (Source: Transport Weekly)
Marseilles’ shipping giant, CMA CGM, has reportedly announced it will launch a new Black Sea-Azov weekly service with 300-TEU ships after the New Year though the terminal in Novorossiysk has not yet been chosen. According to Exim News Service, the new service expects to handle the growing volume of traffic between Russia and Turkey, including the car...
Trans Asian Shipping Services (Pte) Ltd, a subsidiary of Trans Asian Shipping Services (Pvt.) Ltd, based here, has launched a new vessel, the m. v. Karuthal, Exim News Service reports. The christening ceremony of the vessel was held here last week when it was inaugurated by Mr Oommen Chandy, leader of the Opposition in the Kerala Legislative Assembly, in t...
Wilhelmsen Ships Service has secured a two-year contract to supply chemicals and gases to Yang Ming Lines, in a deal valued at around US$1 million. The contract which was secured by Wilhelmsen Ships Service’s office in Taiwan will commence in early 2010. The company will supply marine chemicals, oxygen and acetylene gases, refrigerants and other...
As of December 14, 2009, the IPE Brent Crude futures contract is up $71.88 (+0.02) per barrel on the ICE Futures exchange in London. Light Sweet Crude fell (-0.67) to $69.87 on the New York Mercantile Exchange, RBC agency reports. Source: Port News
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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