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Asian container lines Evergreen and Coscon are to merge their two jointly-operated services between the Far East-South America and Far East-South Africa into a single route. The move was, the companies said, a bid to cope with soaring bunker prices and the poor state of the box market. The new ESA service will operate with a total of eleven 3,500 teu vess...
The Baltic Exchange has made changes to the way it calculates the Baltic Dry Index in a move it says is designed to help boost derivative trading. The new BDI calculations will now be made by taking the average time charter rates only of the Baltic's capesize, panamax, supramax and handysize indices. Voyage routes will no longer feature in the calculatio...
EVERGREEN plans a merger of its Far East-South Africa (FAX) and its FarEast-East Coast South America service (ESA) by adding South African ports, which will create a Far East-South Africa-East Coast South American service, reports AXS Alphaliner, the Paris-based consultancy. The new service rotation will be: Shanghai , Ningbo , Kaohsiung , Yantian, ...
If there’s one thing the global economic crisis has demonstrated, it’s that the days are over when liner carriers based their business success off TEU counts and the size of their vessel fleets. Big volumes and armadas of ships mean nothing if you’re losing tens of millions of dollars in desperatel...
A cruise ship with 14 A /H1N1-infected people onboard arrived in Russia 's second city of St. Petersburg on Monday, Russia 's chief sanitary official Gennady Onishchenko said according to RIA Novosti. Swine flu was confirmed in 13 crew members and one passenger of the Emerald Princess cruise liner, which sailed from the Finnish capital, He...
In London , the Brent Crude contract was up $2.07 on June 29 to $70.99 per barrel on the ICE Futures exchange. Light Sweet Crude climbed $2.33 to $71.49 on the New York Mercantile Exchange, RBC reports. (Source: Port News)
Delays in purchasing the cranes needed to operate the facility mean it will not be able to operate at full capacity for another year and a half Israel Ports Development & Assets Company Ltd. (IPC) has given the Haifa Port management full responsibility for a new 290-dunam container port terminal, called Carmel A, which was built at a cost of ...
The Sri Lankan government wants to attract investments for ship building, and cement and fertilizer manufacturing at a new port being built in southern Hambantota, a senior official said. Sri Lanka Ports Authority chairman Priyath Wickrama said construction work on the harbour, less than half-an-hour's deviation from the main shipping route across the ...
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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