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Hit by slow demand due to the global financial crisis, almost all of China's dry container business has ground to a halt, CIMC , the world's largest shipping container maker, said on Monday. Our company has warned of the risks as slowing demand is now a universal phenomenon due to the economic environment caused by the global financial tsunami, C...
One naval officer died in a fire on Russia's Baltic Fleet frigate the Neukrotimy (Indomitable) on Monday, a senior Navy official said according to RIA Novosti. The body of an officer was discovered during a thorough search of the ship, Captain 1st Rank Igor Dygalo, an aide to the Russian Navy commander, said. Earlier reports said no one had been h...
Effective January 1 China’s Customs agency will demand ships to report advance manifest data for shipments of cargo on vessels that load at foreign ports and are destined for or to be transshipped in ports in China. For box ships, the information is to be submitted 24 hours before loading at a foreign port; for non-container vessels, the require...
Danish shipping and oil group AP Moller-Maersk has slashed container freight rates from Asia to the US West Coast by nearly a quarter as the American economy slows, industry sources said last Friday. 'Container shipping rates have came down substantially as demand is very weak and exporters are in deep water,' said Sunny Ho, executive director of...
OOCL said Monday it has opened its sixth branch office in India, in Kolkata, the capital of West Bengal. The Hong Kong-based carrier and logistics company also has offices in Mundra, Mumbai, Chennai, New Delhi and Tuticorin. This office will serve as a gateway for eastern India and for landlocked Nepal, said Bernard Soh, managing direc...
With dry bulk freight rates plummeting, more iron ore buyers want to arrange transportation themselves, said an Australian iron ore producer. Fortescue Metals Group said Friday that as a result it has exercised suspension of all of its long term CFR (cost and freight) shipping contracts of affreightment and consecutive voyage contracts on the basi...
The International Chamber of Commerce and the International Marine Bureau provide an interactive map showing all the piracy and armed robbery incidents reported to the IMB Piracy Reporting Center during 2008. The live version of the map is available here . Ongoing AmericanShipper.com Gulf of Aden coverage • Analysis: Experts predict increa...
On the first trip of the new South America service SAFRAN, the CMA CGM VIOLET put in to Hamburg on 03 December 2008. Loading and unloading was carried out at the Container Terminal Burchardkai (CTB) of Hamburger Hafen und Logistik AG (HHLA). Built in 2006 at South Korea's Hyundai Mipo dockyard, the French shipping com-pany's container vessel is 222 m...
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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