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Media
THE Shipping Corporation of India (SCI) plans to spend US$6 billion on 110 ships over the next 10 years, says Shipping Minister GK Vasan. SCI operates 78 ships totalling 5.61 million deadweight tons and manages 69 vessels for government agencies, reports Newark's Journal of Commerce. As India's biggest shipping company, it carried 23 million tons of car...
THERE are mounting fears that a container shortage will emerge in the coming months as box manufacturers struggle to keep up with rising vessel slot capacity. Alphaliner estimates the box-inventory-to-vessel capacity ratio will decrease to 1.99 by the end of 2011, down from 2.03 last year, which it described as the lowest ratio on record, and highlighted ...
COSCO Container Lines has announced it will adjust the terminal handling charges for all South Africa trade lanes. The surcharges, with effect from April 1, will be US$156 per TEU and $230 per FEU for general cargo, as well as $218 per TEU and $323 per FEU for dangerous cargo. (Source:http://www.schednet.com)
THE passenger and cargo shipping service between Shandong province's port of Rizhao and South Korea's port of Pyeongtaek recently resumed after being suspended two years ago, Xinhua reports. The service was operated by Rizhao Haitong Ferry Co Ltd, a Sino-Korean joint venture, offering three sailings a week. The maiden voyage carried 640 passengers and ...
ASIA to Europe cargo volumes are expected to grow between eight and nine per cent this year, compared to 2010, but growth in the third quarter could stall to three per cent year on year, according to UK-based BoxTradeIntelligence. Analysts warn that such a slowdown in growth in the upcoming peak season may present "container lines with a need for very ac...
GERMANY'S Hapag-Lloyd and Thailand's Regional Container Lines (RCL) will start a new weekly service in April from China and Korea to Sri Lanka, India and Pakistan to be operated under the name CIS (Hapag-Lloyd) and RCI respectively. The service will deploy three vessels with an average capacity of 2,000 TEU on fixed day sailings between the major ports...
KOREA's Hanjin Shipping and Taipei-based CNC Line and KMTC (Korean Marine Transport Company) have announced the launch of a Japan-Indonesia weekly service from March 22. Covering major ports of Japan and Indonesia, this JPI string will call at Osaka, Kobe, Tokyo, Yokohama, Hong Kong, Manila, Surabaya, Jakarta, Manila, Hong Kong and back to Osaka. Four...
TRANSPACIFIC start-up, The Containership Company (TCC), which launched no-frills transpacific port-to-port shuttle a year ago has posted a pre-tax loss of US$7.4 million on full-year revenue of $83.8 million. Losses were blamed on increased competition on eastbound trades skewering freight rates alongside cargo volumes plummeting. Despite rising equipm...
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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