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Hapag Lloyd and CMA CGM should be forced to cut their fleet capacity in return for government financial support, Danish shipowners have told the European Commission. The suggestion to directly link state support with fleet reductions was put forward during a meeting between Brussels competition officials and the Danish Shipowners’ Association last we...
Denmark's Maersk Line has announced that it will reduce capacity on its WestMed service in the Mediterranean to North America trade. Maersk Line will replace the five 5,000-TEU ships it provides to operate the service with 2,900-TEUers. "This change comes as a result of the discontinuation of slot purchases by APL and Hapag Lloyd onboard the WestMed. W...
ZIM will implement a General Rate Increase (GRI) as of October 1st, 2009 from Asia and Indian Sub Continent as follows: USD 250/TEU to North Europe and West Mediterranean USD 200/TEU for East Mediterranean, Black Sea and Adriatic. Source: Transport Weekly
Wärtsilä Corporation and Zhuhai Yuchai Marine Power Co Ltd, a subsidiary of Guangxi Yuchai Machinery Group Co Ltd, have jointly signed a licence agreement for the manufacture and sale of Wärtsilä RT-flex low-speed marine diesel engines by Zhuhai Yuchai Marine Power in China. The agreement grants Zhuhai Yuchai Marine Power the right to ...
L-3 MPRI (Alexandria, Virginia), a global leader in maritime and vehicle simulator products, services and turnkey training facilities, yesterday announced it has launched the first liquid cargo handling simulator (LCHS) model for handysize products tankers capable of carrying mixed loads of crude oil, products and Class 2 chemicals. The simulator provides...
Evergreen Line and China Shipping has begun a joint weekly service linking ports in Asia to the American and Canadian Pacific Northwest. The purpose of the new joint service is to use mutual slots more efficiently and share resources to provide more convenient and economic transpacific routing between China, Taiwan, Hong Kong, Korea, Japan, the US and Can...
In London, the Brent Crude contract was up $1.04 on October 13, 2009 to $72.40 per barrel on the ICE Futures exchange. Light Sweet Crude fell by $0.88 to $74.15 on the New York Mercantile Exchange, RBC reports.
Evergreen Marine Corp. and China Shipping Container Line on Wednesday will launch a joint weekly service linking ports in Asia with the Pacific Northwest. The carriers will operate six vessels, each with a capacity of 5,500 20-foot equivalent units, in a vessel sharing arrangement that will result in a more efficient and convenient trans-Pacific routing, ...
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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