Logistics News

Safmarine's South Africa-Europe reefer express bears fruit May 28May 23, 2011

THE seasonal SAECS Reefer Express (REX) service, which was first launched three years ago to provide extra capacity during the South African peak fruit season, has resumed for the 2011 season. Safmarine's South Africa-Europe trade manager Ian Fairlie said sailings for this year's REX service, which operates between South Africa and Europe, will commenc...

CMA CGM adds Piraeus to its Epic north Europe-sub continental loopMay 23, 2011

 MARSEILLES' French shipping giant CMA CGM has announced that its Epic service will call at the Greek Port of Piraeus from north Europe to the Middle East and the Indian subcontinent. The port rotation is Southampton, Rotterdam, Hamburg, Antwerp, Le Havre, Piraeus, Khor Fakkan, Jebel Ali, Port Qasim, Nhava Sheva, Mundra, Jeddah, Malta, Tangiers and ...

DP World shares deal increases company valueMay 23, 2011

DUBAI's DP World, one of the world's biggest port operators, has gained shareholder approval of consolidation, which will give one new share for every existing 20 they previously held, boosting share price 20 times. The move is to "better reflect the value of the company but there will be no change in value for shareholders as a result of the consolidat...

APM Terminals wins court battle to bid on Mumbai terminal projectMay 23, 2011

APM TERMINALS, Maersk's port operator, has won the right to bid on development of a fourth container terminal at Jawahralal Nehru Port from an Indian Supreme Court ruling. In 2009, Jawaharlal Nehru Port Trust (JNPT) refused APMT application because conditions of a licence for its joint venture unit Gateway Terminals India (GTI) prevented a private operat...

Slow steaming to contribute to peak season container shortage: WSCMay 23, 2011

CONTAINER shortage is to continue into 2011 and will affect peak season with three million TEU fewer in 2011 compared to historical industry-standard level, said the World Shipping Council (WSC) in its latest Container Supply Review. Slow steaming is also having an impact, accounting for boxes being held longer by carriers and having fewer available or re...

Felixstowe to add MSC Lion service with call of 14,000-TEUerMay 23, 2011

FELIXSTOWE, Britain's biggest container port, has gained Geneva-based Mediterranean Shipping Company's Lion Service with the call of the 14,000-TEU MSC Livorno in July. Hong Kong's Hutchison Ports UK CEO David Gledhill said the addition of the Lion service to the Felixstowe roster is "a great vote of confidence for the port." "With our new berths in ...

Evergreen orders 10 additional 8,000-TEU ships from China ShipbuildingMay 23, 2011

TAIPEI's Evergreen Group has signed a contract with Taiwan's China Shipbuilding Corp (CSBC) to build ten 8,000-TEU containerships with the first to be delivered in 2013, the company announced. The contract, signed by Evergreen vice group chairman Bronson Hsieh and CSBC chairman Tang Tay-Pin and is a third-time order of L-class, but the company's first ...

CSAV, CMA CGM, CSCL expands Asia to double loop ECSA serviceMay 23, 2011

MAJOR container carriers, CSAV, CMA CGM and China Shipping have started cooperating on a two-loop service between Asia, South Africa and the east coast of South America, CSAV announced in a notice to trade. The new two-loop service will deploy 21 vessels, 10 of which will be provided by CSAV. ASAX Sling 1 rotation will be Busan, Shanghai, Ningbo, Shenzh...

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