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Maersk Line will this week apply its revised bunker surcharges on all trade from the Middle East, the Indian Subcontinent, including Bangladesh, and the Red Sea to East Africa. The surcharges will be $415 (Dh1,523) per TEU and $830 per FEU and will be applicable starting November 1, said the Danish operator. Maersk Line lowered the bunker surcharges after...
The State Council of the Chinese government has approved the merger of government controlled Sinotrans Group and China Changjiang National Shipping Corp, official government media outlets are attributing to sources within Sinotrans. The report said the new line will be named Sinotrans CSC Group and an official announcement is expected within several m...
Smooth sailing it ain't these days for liner carriers. Cuts in earning forecasts, dropping rates, canceled ship orders, worries of overcapacity, weak charter markets. The credit crunch has hit liner shipping in a big way. Last week, the Howe Robinson Containership Index, a barometer of the containership charter market, plunged. According to Containeri...
CMA CGM latest supersize vessel has made it maiden call at the Yantian International Container Terminal in the Port of Shenzhen. The 11,000-TEU CMA CGM Vela is part of the French carrier's FAL1 service between the Far East and Europe, along with seven other CMA CGM vessels and a Hyundai ship. CMA CGM, which uses Yantian for three other Asia/Europe ser...
The domestic shipping company Horizon Lines reported improved third quarter revenue, but revealed legal bills related to the U.S. Justice Department's antitrust investigation of Jones Act carriers had reached $7 million. Horizon said it had profit of $12.5 million in the third quarter ending Sept. 21 compared to $1.6 million in the same 2007 period. I...
Neptune Orient Lines’ (NOL) container shipping arm, APL, has announced a reduction in capacity and significant changes to its global service network in response to increasingly challenging conditions in the major container trades, reported Exim News Service. On the Intra-Asia sector, the Singapore Subcontinent Express (SSX) service has been suspended....
The Shipping Corporation of India Ltd (SCI) on October 22 accepted delivery of a 4,400-TEU cellular container vessel, m. v. SCI Chennai, reported Exim News Service. The vessel had, on October 14, been named by Mr T. R. Baalu, Minister for Shipping, Road Transport and Highways, at a colourful ceremony at Hyundai Samho Heavy Industries Co. Ltd, South Ko...
New Orleans-based heavy lift and project ocean carrier Intermarine said Wednesday it has taken delivery of the Industrial Eagle, the first of eight new heavy lift ships entering its fleet over the next three years. The 10,000-deadweight-ton vessel was immediately chartered to Intermarine affiliate Trinitas Maritime Carriers, which required the vessel ...
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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