Trade News

Top 11 carriers' revenue falls 35pc in first quarter Jun 26, 2009

ISRAELI container shipping line Zim has announced it will charge a US$75 per TEU emergency bunker fee on all westbound shipments from Asia and the Indian subcontinent to northern Europe, the Mediterranean and Black Sea . From July 1, the surcharge will apply to all shipments where the bunker adjustment factor is included in the rate or is fixed. The mo...

The Grimaldi group takes over the port of WallhamnJun 26, 2009

The Italian Group completed the purchase of the remaining 50% in the Swedish port. Eukor Car Carriers Inc entered a long term contract to continue to make use of the port The Grimaldi Group has completed the full take over of the port of Wallhamn , the only private port in Sweden . The operation is part of ...

JAL cuts flights from Tokyo to Beijing 19 to 14 Jun 25, 2009

ASIA's largest carrier, Japan Airlines (JAL), has announced that it will reduce flights in the region due to lower demand caused by the global economic crisis, reports Logistics Week. The number of round-trip flights between Tokyo 's Narita International Airport and Beijing will be cut from 19 to 14 a week between August 1 and October 24...

Cargotec receives two crane orders from Latin America Jun 25, 2009

CARGOTEC has received two Kalmar ship-to-shore (STS) crane orders for customers in Mexico and Guadeloupe . Delivery of the crane to Port Autonome de la Guadeloupe and the crane for Pinfra's subsidiary, Infrastructura Portuaria Mexicana in Altamira , are scheduled for the last quarter of 2010. The cranes have been designed to enable faster s...

CMA CGM container fleet joins exalted million-TEU club Jun 25, 2009

FRENCH shipping group CMA CGM has entered the exalted ranks of shipping lines with a fleet capacity of one million TEU, following the addition of the 5,744-TEU CMA CGM Vancouver last week. This ship, chartered from Hanjin Shipping, is expected to join the new Columbus/TP-3/TP-9 pendulum service, launched jointly with Maersk Line last month. The ...

APL's box volumes slide 21pc in May, FEU rates down 25pc Jun 25, 2009

SINGOREAN shipping company Neptune Orient Lines (NOL) has reported that its container shipping line APL's container volume and average revenue per container declined in the four-week period from May 2 to May 29. During the four weeks under review, APL's box shipping volume decreased by 21 per cent to 159,100 FEU, down from 201,700 FEU last year. Avera...

Vessel deliveries continue despite the capacity glut Jun 25, 2009

  SEVERAL major container shipping lines have taken delivery of additional vessels that will further add capacity to a global fleet that has grown so rapidly that some owners/operators have been forced to lay up ships until demand returns. Japanese shipping company "K" Line is expected to take delivery soon of the 4,600-TEU Northern Practise,...

Guangdong trade down 21.8pc in first 5, widens in May Jun 25, 2009

GUANGDONG province, first in trade value and Hong Kong 's hinterland, posted a 21.8 per cent year on year decline in the first five months resulting in a figure that was lower than the national average, reports Xinhua. Also, the year-on-year decline deepened in May after having narrowed for three consecutive months, indicating persistence of the ...

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Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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