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HONG KONG's TS Lines (TSL) has added Myanmar to its container shipping network by starting a new loop that links Singapore and Port Kelang to Yangon. The service is operated by a 954-TEU vessel sublet from Far Shipping, called the West Scent. In order to offer several weekly sailings to Myanmar, TSL has also purchased slots on Samudera's YGX service, th...
MAERSK Line will pass on higher fuel expenses to customers through bunker surcharges to avoid slowing the speed of its vessels down further in spite of bunker fuel prices being at a 30-month high. "If we sail much slower, our customers may not be happy with the transit time," CEO Eivind Kolding told Reuters. "We're making sure that our higher oil costs a...
SHIPPING lines have suspended services to three Japanese ports hardest hit by the tsunami and are operating where they can, which is most of the country, but because of difficulties at other ports carriers have been reluctant to book cargo for Japan. Because so much of Japan's export shipping is high-end electronics and many of the factories are located ...
VIETNAM's Tan Cang Cai Mep International Terminal (TCIT), a joint-venture by Hanjin Shipping, Saigon New Port, MOL and Wanhai Lines, joined together at a gala ceremony near Ho Chi Minh City in the presence of the Deputy Prime Minister Hoang Trung Hai. The new terminal, with a handling capacity of one million TEU annually, has a total quay area of 40 hect...
COSCO Container Lines has said it plans to levy an "emergency weather surcharge" of CNY600 (US$92) per TEU for all Tianjin-Taiwan strings from March 20. Additionally, the carrier will raise China-Korea trade lane bunker surcharge rates to $160 per TEU from April 1. (Source:http://www.schednet.com)
THE Mediterranean Shipping Co (MSC), the world's second container carrier, has announced it will increase its Far East-Australia freight rates by US$250 per TEU from April 15. The increase will apply to all trades from China, Korea, Taiwan and Hong Kong to Australia, reported American Shipper. MSC currently runs two Far East-Australia services. The fir...
As a result of the devastating earthquake and tsunami, container shipping to and from Japan will be affected for some time due to lack of exports coming from Japanese factories, prompting shipping lines to skip Japanese ports, according to an early assessment by the Baltic and International Maritime Council (BIMCO). In the short-term, said BIMCO, shipping...
A UK-Based trade analyst expects Asia to Europe cargo volumes to go up by between eight and nine per cent this year as compared to 2010, but growth in the third quarter could stall to three per cent year-on-year, Exim News Service informs. Experts have cautioned that such a slowdown in growth in the upcoming peak season may present "container lines with a...
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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