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Chinese ocean carrier COSCO is considering slowing its vessels by as much as 10 percent in a bid to stave off fuel costs. COSCO has been testing the vessel slowing plan since the beginning of the year and found the results impressive, according to a report Wednesday in the China Daily. An official for the state-owned carrier said in a press confer...
CSAV Norasia will start new shuttle service in the Levant Area, in the East Mediterranean, between Egypt, Turkey, Syria and Lebanon. The LEV Service will begin in two weeks, using the 1,200-TEU vessel CSAV Cedar on a weekly rotation calling Port Said (Egypt), Mersin (Turkey), Lattakia (Syria) and Beirut (Lebanon). Source: American Shipper
Norwegian-based carrier Wilh. Wilhelmsen said Wednesday that a new tonnage tax regime in its home country would force the company to shift most of its shipping activities to Malta. The tonnage tax, which was approved by the Parliament in December 2007, forces Norwegian ship-owning companies out of the previous system, the carrier said. Shipping compan...
German ocean carrier Hamburg Sud said Wednesday it is launching a new service between the Far East and South Asia with sailings from Port Kelang and Shanghai. The new weekly, fixed-day service comprises two loops and provides direct connections between China, Hong Kong, Taiwan and the Indian Subcontinent. Loop 1 has a port rotation of Shanghai, Ni...
Shipping companies desire to operate ships more slowly to save money will absorb most of the additional capacity added to the world containership fleet over the next year, an investment banker and a containership chartering executive said Wednesday. Slow steaming are going to be an integral part of the industry, said Peter Shaerf, a managing director ...
Maersk Line said it will adjust its KNSM service between the North Europe ports of Bremerhaven and Rotterdam and Morocco ports of Casablanca and Agadir. In order to restore our fixed-day schedule, we will remove Agadir from the rotation of the KNSM service. Until the beginning of the next reefer season, Agadir will be served by our efficient feeder ne...
Hapag Lloyd will have sales this year of about $9.8 billion, nearly 20 percent more than last year, and they will reach $11.7 billion by 2010, according to the Financial Times. The paper said those figures come from a prospectus delivered to about 15 shipping companies by TUI AG, the German tourism company that owns Hapag-Lloyd and is seeking to sell ...
Shipping regulation should be reviewed with an eye towards examining whether ocean carriers should continue to enjoy antitrust immunity, the Maritime and Coast Guard Subcommittee of the House Committee on Transportation and Infrastructure was told Thursday. We believe that Congress should conduct a comprehensive review of the Shipping Act. The interna...
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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