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MEMBER lines of Asia Australia Discussion Agreement (AADA) have increased their bunker surcharges for shipments from Japan, Korea, mainland China, Hong Kong and Taiwan to Australia to US$475 per TEU and $950 per FEU for dry and refrigerated containers from February 26, "reflecting recent increase in the price of oil at Hong Kong and South Korea". "Custom...
Commission hopes to study its effects on shippers and the supply chain The Federal Maritime Commission is stepping up its attention to ocean carrier practices, voting Wednesday to launch a formal inquiry into slow steaming. The commission voted Wednesday to publish its formal notice of inquiry, two weeks after Chairman Richard A. Lidinsky Jr. said he ...
The first two of an eventual total of six Super post- Panamax ship-to-shore (STS) cranes are being delivered this week to Cai Mep International Terminal (CMIT) in the Cai Mep – Thi Vai port complex located approximately 80kms southeast of Ho Chi Minh City. Six rubber tyre gantries (RTGs) will complete this first shipment with a further two STS cranes ...
Horizon Lines has instituted a 15-day transit schedule for containerised cargo shipped from Shanghai to Kansas City with its new international service. The company launched the Five-Star Express (FSX) transpacific ocean service between China and the United States in December, and selected Kansas City as a key hub for its express ocean-rail intermodal pac...
Mumbai: The outlook for India shipping industry in 2011 is not positive, according to a report released by credit rating agency Fitch. The agency's report shows freight rates will continue to remain depressed due to the demand-supply imbalance caused by a net increase in capacity exceeding demand. Affacted by global shipping industry trend, revenues and...
Hong Kong: China Shipping Development is confident that it will post approximately 60% rise in net profit for 2010 on greater transportation demand in the international and domestic shipping markets. The Hong Kong-listed firm said in a statement to the exchange that freight rates rose due to the increase in transportation. “The shipping capacity mad...
GENEVA's Mediterranean Shipping Co (MSC) is starting a weekly service directly connecting Central America and North Europe with five ships of 1,800 to 2,700 TEU. Alphaliner reports the first westbound sailing will depart Rotterdam on January 27 with the 1,876-TEU Aries and connect the fruit exporting countries of Honduras, Guatemala and Costa Rica with Nor...
SINGAPORE-listed Samudera Shipping Line, a subsidiary of Indonesia's Samudera Group, is to purchase its chartered 1,054-TEU ship for US$13.6 million to add to its total fleet of 48 vessels. The ship is thought to be the Sinar Bintan currently chartered to Hanjin and built in 2002 deployed on its Yangon service (YGX) until the end of January, reports Alph...
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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