Media
Media
MORE than US$6 billion in losses have been incurred by container shipping lines in the first six months of the year, reports Paris-based Alphaliner Weekly Newsletter. "Carriers have sought to raise over $6.1 billion in fresh capital within the last three months. More cash calls are expected as carriers remain caught in the surplus capacity trap which woul...
CMA CGM has announced that it will impose a rate increase on cargo from north Europe to Asia and Middle East and Red Sea ports. The increase will be US$150 per TEU from North Europe to Asia on dry and reefer cargo, $100 per FEU for waste paper and $100 per TEU on all cargo from North Europe to Middle East and the Red Sea. (Source: www.schednet.com) &nb...
The crew of a Russian vessel owned by the Arctic shipping company are threatening to go on hunger strike over wage arrears, the Russian sailors' trade union said on Wednesday according to RIA Novosti. Russian prosecutors earlier established that the Arctic shipping company had not paid wages to its 292 employees since April, and currently owes 16.9 milli...
CMA CGM, Maersk and Hyundai will suspend their China-Korea-US East Coast service via Panama after the departure of the last eastbound vessel from Ningbo on September 27, according to China Economic Review. This joint decision allows the three shipping lines to rationalise existing services and capacity to meet market demand which has sagged. The loop is...
Losses sustained by liner companies hit more than $6 billion in the first six months of the year, according to AXS-Alphaliner. All 17 major shipping companies with published financial results reported losses during the period. The bulk of the losses came from the liner shipping operations, the Paris-based research firm said. Current freight rates are cash...
On September 8, 2009, construction of "Rigel", “K” Line’s third 300,000-dwt class ore carrier, has been completed by Universal Shipbuilding Corporation Ariake Shipyard. She is a Very Large Ore Carrier to carry cargoes dedicated for loading at Brazil and unloading in Italy for ILVA S.p.A.. Linking the deep draft berth of ILVA at the Port o...
THE Port of Shenzhen posted a 21.1 per cent year-on-year decline in container throughput to 9.6 million TEU in first seven months, though that was 0.4 per cent more than first half throughput, reported Xinhua. The port moved 104.6 million tonnes of cargo from January to July, a 16.2 per cent decrease, but narrowing 0.7 per cent over that in the first half...
MITSUI OSK Lines Ltd (MOL) has announced that Christopher & Banks, a women's specialty retailer in the US, has selected Hong Kong-based MOL Consolidation Service Limited (MCS) as its buyer's consolidator in Shenzhen, Shanghai and Hong Kong. Minneapolis-based Christopher & Banks has 800 stores in 46 states in the US, under the brand names "Christ...
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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