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Ocean freight rates from Indian ports to major European ports are set to rise by $300-500 per twenty equivalent unit (TEU) from April 1. The rate increase comes after major shipping lines decided to implement general rate increase (GRI) with effect from April 1. Shipping companies’ representatives operating between Indian and European ports said th...
Alternative site locations for Norwegian oil bases near the Russian border will be mapped, the Norwegian government announced in its new High North policy document presented last week. At the same time, the government says it will build a new road to the Russian border and significantly extend the Kirkenes Airport. In the document named “New Buildi...
The Greek controlled fleet decreased slightly in number of vessels but increasing in deadweight and gross tonnage terms, according to latest Lloyd’s Register – Fairplay figures released by the London-based Greek Shipping Co-operation Committee (GSCC). Greek interests now control around 8.2% of the world’s total number of vessels in serv...
State-run Shipping Corp of India has put orders worth about $1 billion on hold due to the slowdown but its long-term plan to buy 40 vessels was on track, a top official said at an industry conference on Tuesday. The firm, which has an order pipeline for 29 new vessels had earlier planned to buy eight ships in the current fiscal, which it has now deferred t...
Delmas has announced two new services: one between Boston and East/West Africa & Indian Ocean, and another between Benin and Atlantic Europe & the Mediterranean. Effective March 23rd, Black Pearl service vessels will call at Boston every fortnight, connecting with weekly transatlantic services via Kingston. Containers will be transhipped in Europe...
United Arab Shipping will increase rates on several trade lanes, as part of a rate restoration program. The rate restoration primarily covers the trade to and from the Far East and Europe, including North Europe, the Mediterranean and Black Sea region. Effective April 1, the increases for dry and reefer cargo will be: -- $275 per TEU from the Far East ...
Maersk Line announced plans to upgrade its Philippine Feeder Service 1 (PHI-1), effective this month. The Danish carrier said the service will now call Shanghai, Dalian and Qingdao, China, providing direct coverage between Philippines and China as well as improved transit times for intra-Asia exports. The 21-day rotation will be Davao, Shanghai, Dalian, Q...
Storage tank operator Royal Vopak has announced a 17% rise in net profit in 2008 to $274 million and expects strong interest for storage demand to continue. The Dutch-based firm did not reveal performance for the first few months of 2009, but chairman John Paul Broeders is expecting an operating profit before depreciation and amortisation of at least $580 ...
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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