Media
Media
OOCL has started purchasing slots on Cosco's Far East-Red Sea service (FRX), to offer customers a China-South East Asia-Red Sea service. Cosco's FRX service connects Shanghai, Ningbo, Xiamen, Shekou and Singapore to Aden, Jeddah, Sokhna, Aqaba and Yantian, reports Alphaliner. It said, "OOCL serves Jeddah with the Grand Alliance Loop A and used to ...
German tourism group TUI AG is confident that it can float its stake in container carrier Hapag-Lloyd in 2011, a first step in plans to focus on its travel business. Chief executive Michael Frenzel told journalists on Tuesday that his preferred option would be an initial public offering but added that he was in no hurry. 'We currently see a favoura...
The main global sea-freight index will nudge up in the first quarter from the current level as strong Chinese demand offsets pressure from an oversupply of vessels that has weighed on the market for the past year. Industry experts polled by Reuters this month expected a small rebound in the benchmark index due to an anticipated rise in Chinese imports o...
Vostochnaya Stevedoring Company and Baltic Refrigerator Company have jointly launched a new regular service to handle high-capacity reefer containers. The first two reefer trains originating in Predportovaya station in St Petersburg bound for Nakhodka East were handled at the VSC container terminal in late November, VSC said in a statement. Most of ...
Shanghai: Chinese banks, avoiding dollar-denominated loans as the yuan appreciates, are scaling back funding to shipyards and vessel owners two years after the government told them to boost their commitment to the industry, Bloomberg reports. As credit extended to companies building, servicing and operating ships climbed 24 percent to $32.3bn this year,...
Doha: Qatar Gas Transport Co (Nakilat) may expand its fleet of liquefied petroleum gas (LPG) ships as it increases transportation of the product, its managing director said. “Quite a bit of the LPG we are now selling on an FOB (free on board) basis, where (customers) buy it and provide the transportation themselves,” Nakilat’s Managing...
REVENUE was up US$4 billion in the transpacific trade in the third quarter year on year to $10.61 billion versus $6.52 billion generated in the same period 2009, said a Chester, UK-based BoxTradeIntelligence report. The report focused mainly on port-to-port terms. The North American east coast trade lanes continued to be the most profitable for carriers...
NIPPON YUSEN KAISHA (NYK) and Vinalines Container Shipping Company (VCSC) plan to commence a new joint service, the Thailand-Vietnam-Singapore (TVS) service, in the latter part of December, 2010. The TVS service will be operated by two x 1,100 TEU vessels, with both carriers providing one vessel each. The first containership to be deployed by NYK on thi...
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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