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LONG haul shipping may become an increasing rarity, with some industry insiders speculating that the current financial crisis will provoke a greater focus on regional trades. One thing you may see as a result of the financial downturn, plus environmental concerns, rising energy and transportation costs, is that companies may turn more to local supplie...
THE total capacity of containerships on order worldwide has declined to 6.1 million TEU, comprising 1,147 vessels, as of February 1, 2009, according to figures compiled by AXS-Alphaliner News, which described this as being the lowest level over the past 16 months. It said the world order book represents 49.1 per cent of the existing containership flee...
THE 11 member shipping lines of the Canada Transpacific Stabilisation Agreement will raise bunker surcharges 12.3 per cent from March 1. The new charges will be: US$328 per TEU, $410 per FEU, $461 per 40-foot-high-cub, $519 per 45-foot container, and $9 weight/measure adjustment. The quasi conference's currency adjustment factor remains at zero, said ...
Israeli ocean carrier Zim has moved its west Mediterranean hub from Barcelona to the smaller Spanish port of Tarragona, according to a report from Israeli news outlet PORT2PORT. Citing an advisory to the carrier's customers, the report said Zim's round-the-world ZCS service would begin calling at Tarragona this month. Zim owns a 40 percent stake in...
Yang Ming (America) Corp., the general agent in North and South America of Taiwan-based ocean common carrier Yangming Marine Transport Corp., said Tuesday it would consolidate and restructure its North American offices. The company said its U.S. operations, which have been distributed among several regional offices, will be consolidated into ...
Charleston's loss will be a gain for both Wilmington, N.C., and Savannah, as Maersk Line announced Tuesday that its South Atlantic Express (SAE) service will drop its double call at the South Carolina port in March in favor stops at those two ports. The service had represented about a quarter of Maersk's business in Charleston. Maer...
German ocean carrier Senator Lines will cease business at the end of the month. As a result of the financial and economic crisis and -- as a consequence thereof -- reduced volumes together with overcapacity and an extreme unhealthy competition, especially on the east-west routes, the shareholders and the board of Senator Lines have de...
DENMARK's Maersk Line has announced a number of enhancements to its WestMed service that plies the trade between the Mediterranean and North America. The upgraded service will be provided in cooperation with French shipping line CMA CGM through a Vessel Sharing Agreement (VSA) that is set to commence in March 2009. As part of the agreement, Maersk Lin...
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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