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THE Asian Shippers Council rallied against emergency bunker surcharges from shipping lines serving cross strait routes, claiming they are "unnecessary" and "should be temporary in nature [and] introduced after consultation." The ASC believe that a charge of HK$440 (US$56.77) on freight which may have been prepaid in Taiwan should not be dumped at the cons...
THE International Longshoremen's Association (ILA) has rejected a two-year contract extension beyond its termination in September 30, 2010 after a breakdown in talks over new technology and a delay in a wage increases due this October. ILA president Richard Hughes is still in talks with the United States Maritime Alliance employers, said the ILA statemen...
GUANGDONG's import and export trade value reached US$312.71 billion in the first seven months, sliding 19.7 per cent year on year and 22.7 per cent less than China's national decline in foreign trade, reports Xinhua. The provincial foreign trade value accounted for 27.3 per cent of the national total and continued to rank first nationwide. Its export va...
TWO big Hapag Lloyd investors, German travel giant TUI and the City of Hamburg, now appear to be willing to sell back the 25.1 per cent stake in the Altenwerder container terminal (CTA) Hapag to provide the German government the collateral it demands before providing a vital US$1.7 billion loan guarantee. Unless help comes, Hapag-Lloyd is expected to face...
AP Moller-Maersk, owner of Maersk Line, the world's biggest container shipping line, said it had sold 5.7 per cent of it share capital, or 250,340 B shares through private placement to institutional investors for DKK8.26 billion (US$1.58 billion) at DKK33,000 a share. The company has said the money would be used to provide "financial flexibility" and "...
OOCL announced on September 4, 2009, the christening of the ninth Panamax class vessel in our line of sixteen 4,500-TEU vessels ordered from Samsung Heavy Industries. The new vessel was christened the m.v. OOCL New Zealand by sponsor Mrs Simone Cranwell, the wife of Mr Steven Cranwell, Regional General Manager, Institutional and Business Banking for the N...
THE 12 major ports in India have registered a 1.17 per cent increase in traffic to 180 million tonnes during the April-July period compared with the same period a year earlier. A report by The Times of India noted that container volumes are now beginning to show some signs of upwards movement. In July 2009, container volumes increased by 3.1 per cent over...
MTHE permanent secretariat of the Asian Shippers' Council (ASC) will move from Singapore to Colombo, a move that ASC secretary general, Rohan Masakorala believes will have an "immense impact" on the maritime activities of the island nation Sri Lanka, reports Colombo's Daily News. Mr Masakorala noted that the move will help to further establish Sri Lanka...
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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