GRAY Page and Protection Vessels International (PI V) is urging shipowners to consider deploying armed guards, saying the "response should be robustly proportional to the threat" by pirates in the Indian Ocean and Arabian Sea. "It is time for shipping to emerge from its comfort zone and face up to the facts and realities of the threat posed by Somali pira...
MAERSK Line, the largest carrier of the world, has announced it will increase its piracy risk surcharge 40 per cent on April 1 to US$350 from today's $250 per FEU surcharge on trade between Europe, the Indian Ocean islands and East Africa. "As a result of increased piracy, and our efforts to prevent attacks and protect our crews and cargo, we have revise...
Hanjin Shipping received a 10,000TEU class containership. Named Hanjin Netherlands, this new vessel is the second of the series of five 10,000TEU class ships ordered at Samsung Heavy Industries. According to Hanjin Shipping, Hanjin Netherlands will be deployed in Asia-Europe trade soon after the delivery, sometime in the beginning of April. Attending...
German shipping companies are avoiding Tokyo Bay area ports due to radiation fears and Japan could face severe supply chain bottlenecks as vessels get diverted, ship industry officials said. Any logistical setbacks could mean major delays and seaborne congestion at Japan's terminals including Tokyo, hindering recovery efforts in the wake of the March 11 ...
US Customs and Border Protection gave global shipping line APL an all clear here this week for the first shipment of containerized cargo from post-earthquake Japan. According to Customs, technicians conducted radiation tests on 355 containers discharged at the Port of Los Angeles from the vessel APL Korea. All containers were cleared for delivery to l...
QANTAS has announced it will again increase domestic, regional and Tasman air fares sold in Australia in response to rising jet fuel prices. Increases of up to A$10 (US$10.2) per sector will apply to domestic and regional fares for tickets issued on or after March 31. Increases of up to eight per cent will also apply to Tasman fares. Qantas CEO Alan Joy...
FRENCH container shipping line CMA CGM is selling two 13,830-TEU vessels for US$171 million each to Ship Finance International Limited (SFIL) with a subordinated seller's credit of $55 million per vessel. SFIL will charter back the ships that were built in 2010 to CMA CGM under 15-year time charters. The time charter includes a compensation clause to co...
THE Asian Shippers' Council (ASC) has proposed using standard anti-terrorist measures against Somalia pirates because they "must be" in league with al-Qaeda units in the region." "We should focus our effort in determining the most effective way to remove the pirate leaders from their strongholds, located along the coast of Somalia, in Caluula, Eyl, Hobyo...
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