Media
Media
CONTAINER spot rates on main transpacific route fell six per cent this week, the second weekly decline since Chinese New Year, reports London's Drewry Shipping Consultants. Drewry's weekly container rating showed shippers faced US$1,846 for an FEU moving from Hong Kong to Los Angeles for the week ending February 21, down 8.3 per cent from a year earlie...
The CKYH Alliance, comprising Cosco, "K" Line, Yang Ming and Hanjin Shipping, has announced it will launch a new AWE-6 Far East-US east coast service via the Suez Canal from May 1 to replace the current AWE-5 loop that uses Panama, reports maritime analyst Alphaliner. Operating with nine postpanamax vessels of 5,000-7,500 TEU with a nine-week voyage, the...
The deployment of a second ship to combat oil spills in the Black Sea in 2011 should be in a Bulgarian port, the Bulgarian Maritime Administration (BMA) said in a statement on February 22 2011. To date, the only such ship is anchored in the Romanian city Costanta, according to the European Maritime Safety Agency (EMSA). The EMSA was set up in response of ...
MAERSK Line's chief executive officer Eivind Kolding is likely to become chairman of Denmark's largest bank, Danske Bank, since its present chairman Alf Duch-Pedersen announced he would stand down at its next general meeting March 29. The move coincides with the Danish lender's new share issue worth DKK20 billion (US$3.6 billion) to fund payment of its...
VANCOUVER based Seaspan Corp has entered into talks with Chinese and Korean shipyards about building ten 10,000-TEU vessels to be for delivered in 2013 and 2014. Seaspan has 57 containerships in operation and 12 to be delivered through March 2012. It's newbuilding plan was revealed in a filing with the US Securities and Exchange Commission, to which it o...
PIRACY costs are rising so high that London underwriters plan to launch a squadron of armed escort vessels to protect ships transiting the Gulf of Aden this summer. Under the scheme, reports London's International Freighting Weekly, London underwriters will provide armed escort protection after applying for it through Lloyd's of London insurance brokers...
THE Asia Australia Discussion Agreement (AADA) and the Asia New Zealand Discussion Agreement (ANZDA) have announced increases in bunker adjustment factor (BAF) surcharges between Asia and Australia/New Zealand. For shipments to Australia from Japan, Korea, Hong Kong, Taiwan and mainland China AADA bunker surcharges will be increased to US$525 per TEU and ...
NIPPON Yusen Kaisha (NYK), Hyundai Merchant Marine (HMM), Kawasaki Kisen Kaisha ("K" Line) and Pacific International Lines (PIL) are starting a new twice weekly loop from Asia to the east coast of South America, the NHX-2, in March. The NHX-2 will deploy 3,000-TEU vessels on a 70-day round voyage. The port rotation is Ningbo, Shanghai, Shenzhen, Singapore...
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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