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The cost of shipping commodities such as iron ore and coal tumbled the most in three months as Rio Tinto Group said it may delay deliveries from Western Australia, increasing the supply of vessels seeking cargoes, Bloomberg reported. Rio declared a force majeure, a legal clause allowing delays if an incident happens outside of the supplier’s contro...
CMA CGM has decided on a general rate increase on all services and essentially Asia to Europe, Asia to Mediterranean sea, India/Pakistan to Europe and Asia to South America. The present rates and the trend on the main Far East to Europe trades have been deteriorating to a level which is no longer sustainable. To continue provide its valued customers with t...
Wallenius Wilhelmsen Logistics (WWL) has launched a monthly service from Tacoma, Washington (USA) as part of its east-bound Asia to North America to Europe trade. The new service will accept cargo in Tacoma bound for Europe, and also for Australia, South America, and the Caribbean via transshipment in Manzanillo. John Felitto, Executive Vice President, Wal...
Maersk Line announced the extension of Far East - West Africa FEW1 service to include Shanghai and Ningbo in China. By offering direct calls to the West African ports of Lome (Togo), Cotonou (Benin), and Pointe Noire (Congo), Maersk ensures its customers a reliable and competitive product with one of the fastest transit times in the market. A revised FEW1...
The Secretary for Transport and Housing, Ms Eva Cheng, will leave for Vietnam later today (February 25), leading a 22-member shipping mission to promote Hong Kong's shipping and maritime services. The mission is jointly organised by the Hong Kong Maritime Industry Council and the Hong Kong Trade Development Council. Members include representatives from t...
Wilhelmsen Ships Service has named Alex Lewis as the new General Manager for their operations in Saudi Arabia. He brings a wealth of experience to his new position including ten years from within Wilhelmsen Ships Service. Prior to this appointment he held positions in both the Middle East and Africa, where he helped to establish offices in both Das Es Salaa...
The board of Brostrom AB has proposed a new organisational structure for the Swedish-based tanker company, in connection with the merger of the activities with the Maersk Tankers activities. The purpose is to ensure that Brostrom will continue as a strong brand and further build on the Brostrom heritage. The new setup means that all vessels in the segment...
MAERSK Line has announced a freight rate increase on the transatlantic starting April 1, saying the hike was needed to retain services at present levels of reliability. Increase between north Europe and the North American east and Gulf coast ports will be US$160 per TEU and $220 per FEU and high cube or 45-footer/reefers. North Europe and North American...
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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