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FUJIAN province recorded a sea-shipping foreign trade cargo volume of 12.7 million tonnes in January, an increase of 26.9 per cent compared to the same month last year, Xinhua reports. Containerised cargo totalled 556,000 TEU, growing 20.7 per cent. In the same month, Fujian's airports handled 14,800 tonnes of imports and exports, up 47.6 per cent. The ...
FREIGHT rates between Shanghai and North Europe have continued to fall 5.3 per cent to US$1,019 per TEU as of March 18 from $1,076 the previous week, and rates from Shanghai to Mediterranean ports decreased 3.9 per cent to $1,001 from $1,042, according to the China Containerised Freight Index (CCFI) report. Meanwhile the spot index from Shanghai to Europ...
The world's biggest shipping firm A.P. Moller – Maersk has on Monday named the first of a series of 22 container ships built by Hyundai Heavy Industries in Ulsan, South Korea. Maersk Conakry, named after the capital of Guinea, and the 21 other West Africa MAX (WAFMAX) vessels will be the largest container ships able to call West Africa, according to ...
STX Pan Ocean has decided to pump in KRW34bn ($30.5m) cash to increase its investments in Heung Kook Mutual Savings Bank to raise its ship financing profile. STX Pan Ocean announced Monday that it will acquire 65.6% of equity in Heung Kook Bank from STX Construction and 18.8% of equity from Bulim Mutual Savings Bank. The move will increase STX Pan Ocean...
THE British International Freight Association (BIFA) that represents freight forwarders in the UK has given a "cautious" welcome to the government's decision to abandon the proposed GBP0.05 per litre fuel duty hike planned for April and the implementation of an immediate GBP0.01 per litre cut on fuel taxes. The comments come in response to an announcemen...
ANOTHER US$1,000 a day was added to the cost of running an 8,000-TEU ship as Rotterdam-sourced IFO 380 bunker rose $3.50 per tonne in trading to $610, reported London's Containerisation International. Ship operators are caught between lower rates depressed by excess capacity afloat and rising fuel prices, 35 per cent higher than the $450 average of 2010 ...
LONDON shipping consultants, Drewry, has set their Hong Kong-to-Los Angeles FEU spot rate at US$1,693, a 4.9 per cent weekly drop on March 14 from the $1,781 per FEU the week before, and 6.3 per cent lower year on year. The Drewry rate has fallen steadily since hitting $2,838 per FEU on August 1 when carriers levied a peak season surcharge. But such eastb...
GERMANY's Hamburg Sud has placed an ordered of six 9,600-TEU vessels from South Korean shipbuilder Hyundai Heavy Industries with an option for additional four ships. Worth US$711 million, these ships will start to be delivered in May 2013, says the Hyundai website. (Source:http://www.schednet.com)
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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