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CONTAINER spot rates increased 10.3 per cent on average in the past week from Hong Kong to Los Angeles, according to Drewry Shipping Consultants. In its weekly spot market report, the London-based agency said rates hit US$1,486, an increase of $140 per FEU from $1,346 the week before excluding THCs in Hong Kong. The average rate was still down 28.5 per ...
DENMARK's Maersk Line has commenced a new Florida to Central America service by slot purchasing space on APL's 'Central America Express' (CAX) service. The CAX service links Miami to Puerto Barrios in Guatemala and Puerto Cortes in Honduras. The twice weekly service uses two x 500-TEU vessels that are both operated by APL, said Paris-based AXS-Alpha...
KOREA's Hanjin Shipping has announced it will divide into two separate entities: Hanjin Shipping Holdings Co, Ltd, a holding company and Hanjin Shipping Co, Ltd, an operating company. Thus, the former Hanjin Shipping will become Hanjin Shipping Holdings focusing on managing subsidiaries and Hanjin Shipping Co, which will run the shipping business, said t...
Marseilles-based CMA CGM has announced a rate increase from Asia to north Europe and the Mediterranean of US$250 per TEU from October 1. CMA CGM, the third largest container carrier in the world, said the increases were necessary to provide the reliable and efficient services customers had come to expect. The world's No 1 carrier Maersk and the No 2 ca...
As this year’s cruise shipping season draws to a close, Dirk Claus, the Managing Director of the Port of Kiel (SEEHAFEN KIEL GmbH & Co. KG), reported that it has been a positive one. The season ends on Monday September 21st with the visit of “Marco Polo”. Dirk Claus said at the Seatrade Europe Trade Fair in Hamburg that “this yea...
The world's total containership fleet capacity is expected grow to 13.26 million TEU by the end of the year, down from the 14.02 million TEU forecast in January, says the Shipping Gazette citing Paris-based AXS-Alphaliner. This would mean a year-on-year growth rate of 7.3 per cent for 2009, which would be far lower than the 13.4 per cent growth expected....
Shipping companies expect conditions in the sector to worsen in the coming months with bank lending set to remain tight for at least 12 months, an industry survey showed. Around 90 per cent of the world’s traded goods by volume are transported by sea and the international economic downturn has hit the shipping industry hard since October 2008. A su...
The number of passengers of cruises will rise about 10% to more than 1 million in 2009. In 2008, 906,000 people from Germany cruised the seas. One reason for the rising demand is significantly lower prices, especially in the mass market, Logistics Finland reported. (Source: Transport Weekly)
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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