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DESPITE weakening freight rates, 2011 has started well for containership owners as analysis of last week's charter market shows carriers moving to secure charters for 12-month fixtures or longer. There was a fall in demand for the 650- to 1,000-TEU ships, but increases for larger units prompted the Howe Robinson Containership Index (HRCI) to rise, adding...
Maersk and Petrolesport are presenting next week MARUS Express, a new ocean container service between Morocco and Russia, the press service of N-Trance Group reported. MARUS Express will be the first direct service ever between Russia and North Africa. Petrolesport (PLP JSC), part of Global Ports Group, is a stevedoring company operating at the Big Port o...
CHINA's largest trading website Alibaba.com has begun to bundle warehousing, shipping and logistics into a single service, with pre-inspection options on goods as diverse as crude oil, beverages or machine parts. The service on its AliExpress platform, "Fulfilment by AliExpress", allows for single product and bulk shipments. It combines orders into one c...
Seoul: Korea-based shipbuilding giant, Hyundai Heavy Industries (HHI) is likely to win another pair of very large gas carriers (VLGCs) from Petredec, which are expected to be delivered in 2013. The pair might cost around US$75m each, a source said. Petredec has ordered two 82,000cbm ships at HHI last year for delivery in 2012-2013. (Source:http://www.seatr...
Swiss oil trader Gunvor is not considering the purchase of 25% of the shares of Sovcomflot (SCF Group) as a strategic investor, Forbes reported citing a source close to Gunvor. Gunvor, is the biggest customer of Sovkomflot, ensured for the shipping company about $120m, 9% of the Group’s total revenue for 2009. According to a source close to SCF, the...
ISRAELI flag carrier Zim will launch a direct connection between the port of Tampa and Mexico in a weekly feeder service freeing up trade from "circuitous and congested overland routes", said Tampa Port Authority. The weekly Mexico Tampa Express Service (MTX) will deploy two vessels of 500-TEU and 750-TEU capacity. The service will start January 29 with ...
THE "early harvest" list of import tariff reductions under the Economic Cooperation Framework Agreement (ECFA) between Taiwan and the mainland has formally taken effect this month, reports Xinhua. The "early harvest" list, a programme that started in September, after a long negotiation period, includes items that will enjoy preferential tariffs first unde...
FRENCH giant carrier CMA CGM, Chile's CSAV and China Shipping (CSCL) will offer a combined Asia, Mexico, Central America and west coast South America by the end of April. Intended initially to launch two loops with larger vessels, the Loop 1 services Mexico, Peru and Chile from Asia, and Loop 2 Mexico, Central America (Guatemala, El Salvador, Nicaragua, ...
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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