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 ...
Leading classification societies Bureau Veritas (BV) and Russian Maritime Register of Shipping (RS) have signed a three-year cooperation agreement covering the development of joint guidelines for LNG carriers and Offshore Floating Production Units (FPUs). Pierre Besse, Vice-President Research and Development for BV, says, “We are delighted to have r...
Maersk Line has signed a contract for 10 of the world's largest, most efficient container vessels with an option to buy another 20. The vessels will have a capacity of 18,000 TEU and will be delivered from Korea's DSME shipyard from 2013 to 2015. The new, giant container vessels will be known as Triple-E, based on the three main purposes for their creat...
CSAV Group has launched a new service called AMEX Sling 2, linking Asia and the US East Coast. With this new service and the existing AMEX service Sling 1, CSAV will provide coverage by separate services of all major ports in North and South China to the US East Coast. The first sailing starts on March 21 at Shanghai. Amex Sling 2 will deploy nine ve...
South Korean shipping company STX Pan Ocean has returned to the black, reporting a full-year net profit of US$69.9 million last year, against a loss of $62.2 million in 2009, reported the Straits Times. Sales for the year ended December 31 were up by 53.8 per cent at $5.59 billion. This was mainly due to a less volatile market compared to the year befor...
HONG KONG's Cathay Pacific Airways has signed two multi-year agreements with IBM to provide application support, development and maintenance services to change its IT operating model. The carrier will use IBM's Application Support and Maintenance Services over 80 per cent of its portfolio from legacy mainframe systems to web-based custom applications, a...
MORE than 250 trucks were parked outside the Chennai air cargo complex, sparking a wildcat strike and threatening more trouble because export cargo cannot be cleared fast enough as it faces red tape, sluggish computers and strict cargo screening procedures. Striking truckers were later joined by 1,000 clerks of the registered clearing agents of the air c...
DAMCO, a provider of supply chain solutions and freight forwarding services, has announced the appointment of John McKail as its new head of field sales, northern UK. He joins Damco from Agility where he was formally national sales director. A company statement said that Mr McKail "brings considerable experience to Damco with a track record of building su...
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