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CMA CGM Group announces it has decided to restore freight rates in the Transpacific and Transatlantic trades to a more sustainable level. New rate increases will apply to all US export cargo moving to Asia and to Europe, effective September 1. Transpacific increases will be: -$ 150 per TEU and $ 300 per FEU for cargo ex US Houston and Mobile Termi...
Hamburg-based Rickmers-Linie and Escombe Lambert Holdings have established a new liner agency company in the UK - Rickmers-Linie Agency. Headquartered in Barking, East London, with a branch office in Middlesbrough in NE England, the new company will take over all responsibility for marketing and sales activity throughout the UK, effective Sept...
UK-based Swire Shipping said on Saturday that it had reached a deal with the Australian government on compensation for an oil spill this year which hit pristine tourist beaches in north-eastern Australia. The shipping firm will pay A$25 million (S$30.3 million) in compensation for the spill from the ship Pacific Adventurer, which spread 270 tonnes of fuel...
Typhoon Morakot has grounded a German chemical tanker off Taiwan, injuring the ship's master and chief officer. No pollution was reported on Tuesday, although strong winds and heavy seas prevented inspection of the W-O Budmo, Tradewinds reported. According to separate maritime sources, the Marshall Islands-flagged 2006-built 7,654 dwt W-O Budmo is a do...
The owners of Hapag-Lloyd are preparing to give the German container shipping company further financial support, several people familiar with the situation told Reuters. Shareholder consortium Albert Ballin and German tourism group TUI AG , Hapag's former parent, are gearing up to provide it with another 420 million euros ($595 million) after giving 330 m...
South Korea's Daewoo Shipbuilding and Marine Engineering said on Tuesday it has acquired a US wind turbine maker for US$50 million (S$72 million) in a bid to help diversify its revenue source. The acquisition of DeWind is part of expansion efforts by the world's third-largest shipyard amid falling demand for its core businesses, Daewoo officials said. ...
MELBOURNE's Toll Group, a leading logistics service provider, has entered a joint venture with ANL Container Line to operate Bass Strait shipping service known as Toll ANL, with Toll holding 85 per cent and ANL, 15 per cent. "Toll Group's customers will receive the same level of service from Toll ANL Bass Strait Shipping as they currently enjoy," assure...
A NEW sea-rail service from eastern China's Jian city in Jiangxi province to Shenzhen has been launched, marking another express channel linking coastal ports after Jian to Xiamen sea-rail service was launched at the beginning of the year, reports Xinhua. The service will offer direct customs clearance for goods in Jian, which will help enterprises enhan...
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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