Logistics News

OOCL names two Samsung HI-built box shipsJan 13, 2010

ORIENT Overseas Container Line (OOCL), a wholly-owned subsidiary of Hong Kong-headquartered Orient Overseas (International) Ltd, has christened its latest newbuildings, the 8,063-TEU OOCL Washington and the 4,578-TEU OOCL Le Havre, at the Samsung Heavy Industries shipyard on Geoje island, South Korea. CC Tung, chairman and chief executive officer of OOIL,...

Evergreen to hike US west coast backhaul rate from mid-FebruaryJan 13, 2010

TAIWAN'S Evergreen Marine has announced that it will increase rates from the US west coast to Asia, Australia and the Mideast starting February 15 for all dry cargo, including exempted commodities. The rate restoration from Los Angeles will bring an extra charge of US$80 per TEU, $100 per FEU and for 45 high cube containers. For US west coast cargo ori...

Dockers stage 24-hour strikes at Le Havre, MarseillesJan 13, 2010

FRENCH dockers staged 24 hour strikes at Le Havre and Marseilles this week, and more work stoppages are expected as the protest over waterfront privatisation continues. The dispute now centres on the transfer of 2,000 gantry crane operators and maintenance staff from government port authority to private stevedoring companies. Operations at the top Frenc...

Hapag-Lloyd to hike Asia-Europe rate US$150/TEU February 1 Jan 13, 2010

GERMANY's Hapag-Lloyd has announced a general rate increase for all shipments from the Far East to north Europe and the Mediterranean from February 1. The increase will be US$150 per TEU on all cargo from South Korea, Taiwan, Hong Kong, China, Macao, Singapore, Malaysia, Indonesia, Thailand, Philippines, Laos, Cambodia, Vietnam, Brunei, Vladivostok and V...

Wan Hai to join Hanjin on transpacific SJX service Jan 13, 2010

KOREAN shipping company Wan Hai will join its rival Hanjin in March to provide the South East Asia-Japan Express service (SJX), which is a second Far East-Pacific southwest loop. Wan Hai will deploy a single ship on the SJX service, which currently uses six 4,000-TEU ships from Hanjin. The SJX will extend Wan Hai's transpacific coverage with the additi...

China's grain purchase scheme helps stablize domestic pricesJan 12, 2010

China's grain enterprises purchased 287.6 million tons of grain from peasants in 2009, effectively stabilizing domestic grain prices and protecting farmers' interests, said head of the State Administration of Grain Nie Zhenbang Monday. China had raised minimum purchase prices for wheat and rice again in 2009, by 13 to 17 percent, to add income for farme...

Taiwan trade organization pledges to promote exports to mainlandJan 12, 2010

The Taiwan External Trade Development Council will continue to help raise exports to the Chinese mainland, which has become Taiwan's top export market overtaking other economies, council chairman Wang Chih-Kang said Monday. "The mainland is a huge market, becoming a target of many economies, including Taiwan," Wang said at an annual press conference in T...

China: World's biggest auto producer, consumerJan 12, 2010

Official figures Monday confirmed China had overtaken the United States to become the world's top auto maker and market in 2009 boosted by government stimulus measures. The China Association of Automobile Manufacturers (CAAM) announced annual sales rose 46.15 percent year-on-year to 13.64 million units. Output increased 48.3 percent to 13.79 million unit...

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