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GENEVA's Mediterranean Shipping Company (MSC) will impose a rate increase of US$291 per TEU on cargo moving from Mediterranean ports to South America's east coast from October 1. Current and projected market conditions along with rising operating costs have led the company to issue a general rate increase on transatlantic shipments from October 1, MSC s...
JAPAN's Mitsui OSK Line (MOL) will increase freight rates on all southbound cargo from north Europe and the Mediterranean to West Africa EUR150 (US$218) per TEU from October 15. The new rate will also apply to reefer cargo, a statement from the company said. MOL operates 861 vessels and has 9,200 strong global workforce. (Source: www.schednet....
DANISH carrier Maersk Line announced that it is raising rates from northern European and western Mediterranean ports to West African destinations, commencing October 1. Rates from northern Europe and West Mediterranean to West Africa will increase EUR150 (US$217) per TEU and EUR270 euros (US$391) per FEU both dry or reefer. From the United Kingdom to ...
On the 12th of September, the ceremony of launch of the multipurpose ro/ro vessel Grande Senegal, ordered by the Grimaldi Group (Naples), took place at the Uljanik shipyard of Pula (Croatia). Godmother of the vessel was Mrs Sady, wife to the Chief Executive Officer of the Autonomous Port Authority of Dakar Mr. Bara Sady, main port of Senegal, the nation ...
Malaysia’s MISC Berhad has announced the launch a new service to complement its current Halal Express Service. The Halal Express Service-Loop 2 (HE2) will directly connect the Far East ports to India and the Middle East region. The service, which is set to commence on September 24, with the inaugural voyage starting from Japan, will meet the growing...
Pipavav Shipyard, a private shipbuilding company, promoted by SKIL Infrastructure and Punj Lloyd, is aiming to raise up to Rs 513 crore through an initial public offering (IPO), Exim News Service reports. It has set the price band of its IPO at Rs 55-60 per share. Its issue to sell 85.5 million shares to investors opens on September 16 and closes three da...
"IN view of the situation on ships in Aden port", Cosco Container Lines has imposed an "emergency port surcharge" of US$200 per TEU and $400 per FEU on cargo shipments to the port, according to a company statement. There was no reference to what the "emergency" is, and no one at the Beijing headquarters would say, or refer inquiries to any official in the...
MAERSK Line is launching a Vietnam-US west coast transhipment service starting September 16, according to the Paris-based agency Alphaliner. Maersk calls the service the Pacific Express Service (PES), and it will offer a 17-day transit time from Ho Chi Minh City to Los Angeles, a day less than the current connection. The transit time improvement was ach...
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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