Khalifa does the business 2012-11-20Abu Dhabi's main port operator has moved 90% of its container business to the emirate's huge new Khalifa Port just two months after the opening of the facility.
Coolboxx - A multimodal future 2012-11-19The partners Samskip Multimodal Container Logistics, Visbeen Transport Group and Post-Kogeko Logistics announced that reefer company Coolboxx has been transformed into a 45ft reefer container rental company.
MOL, Taihokozai develop Lub-Up HS 2012-11-19Japan's Mitsui OSK Lines (MOL), together with Taihokozai Company, have developed a fuel oil lubricity additive named, "Lub-Up HS," which improves the lubricity of fuel oil in small doses within high-temperature environments.
Regional Container Lines third quarter loss narrows to US$7.1 million 2012-11-19Thailand's Regional Container Lines (RCL) has posted a third quarter net loss of THB216 million (US$7.1 million), drawn on revenues of THB804 million, down four per cent year on year, according to the Shipping Gazette.
Germanischer Lloyd urges new procedures 2012-11-19Global classification society Germanischer Lloyd (GL) is urging the establishment of a mechanism to cope with stricken ships at sea close to European waters.
CKYH alliance reducing seven Asia-Med services 2012-11-19The CKYH alliance, comprising Cosco, "K" Line, Yang Ming and Hanjin, will suspend seven services between Asia and the Mediterranean starting this month and into January, according to Exim News Service.
GSL praises box line discipline 2012-11-16Boxship owner Global Ship Lease has applauded container lines for exercising price discipline that has transformed their finances.
ICTSI Acquires Control Of Davao's Hijo International Port Services, Inc. 2012-11-16International Container Terminal Services, Inc. (ICTSI), through its wholly-owned subsidiary Abbotsford Holdings, Inc., (AHI), has acquired subscription rights to 40 million common shares in Hijo International Port Services, Inc. (HIPS), which is a joint venture company with Hijo Resources Corp. (HRC). This brings AHI's ownership in HIPS to 162,500,000 shares, which now constitute a controlling 65 perent of the outstanding capital stock of HIPS.
APL sells panamaxers to Diana 2012-11-16Singapore's APL, the container shipping arm of Neptune Orient Lines, has sold its third panamax containership this year, the 4,729-TEU APL Garnet, that was delivered in 1995 to Diana Containerships for US$30 million with a 34-month charter back to APL for $27,000 per day.
Drewry: Container service reliability declined 2012-11-16Container service reliability declined during the third quarter of 2012 to 73.5 per cent for on-time ship arrivals down from a record high of 75.7 per cent, according to Drewry's latest report on Carrier Performance Insight.
AADA cuts Far East-Australian bunker surcharge 2012-11-16Reflecting the fall in oil prices, member lines of the Asia Australia Discussion Agreement (AADA) have adjusted its bunker surcharge from Japan, Korea, China, Hong Kong and Taiwan to Australia to US$600 per TEU and US$1,200 per FEU for dry and refrigerated containers from December 15.
CMA CGM Marco Polo makes Hong Kong debut 2012-11-16The world's biggest boxship, the 16,000-TEU CMA CGM Marco Polo, has called at Hong Kong before sailing on to Shenzhen's Chiwan and Yantian terminals and then to Malaysia's Port Kelang before setting off for the Middle East and Europe, according to the Shipping Gazette.
Speed up box handling, warns CMA CGM exec 2012-11-16Hong Kong and other Asian ports are falling behind European port operators in terms of productivity, a senior shipping executive has warned.
INTTRA links up with Security Cargo Network 2012-11-15Ocean shipping network INTTRA and Security Cargo Network (SCN), a global alliance of independent international freight forwarders with more than 400 member offices, have partnered to provide INTTRA's ocean shipping solutions to all members of SCN.
Container service reliability declines 2012-11-15Container service reliability across all trades fell marginally in the third quarter of this year, according to Drewry's quarterly report, Carrier Performance Insight.
Asia-Europe GRI begins to erode 2012-11-15The general rate increase (GRI) implemented by a majority of ocean carriers at the beginning of the month on Asia-Europe headhaul routes, is already showing serious signs of erosion, as overcapacity and weak demand continue to weigh on the trade.
Idled fleet surge begins 2012-11-15The past two weeks has seen the amount of redundant cellular capacity increase by 96,000 slots to 762,000 slots for 282 ships, according to the latest data from analyst Alphaliner.
BV classes the largest containership in the world for CMA-CGM 2012-11-15International classification society Bureau Veritas has classed what is currently the largest containership in the world.
China complains to WTO that EU subsidises to solar panel exports 2012-11-14China is retaliating in the solar panel conflict, alleging to the World Trade Organisation (WTO) that EU member states subsidise solar panel manufacturing and exports, according to the Shipping Gazette.
Samskip Multimodal Container Logistics introduces shortsea services to Russia via Stockholm 2012-11-14Samskip Multimodal Container Logistics has started a weekly short sea service from Rotterdam via Stockholm to St. Petersburg, offering extremely fast transit times. Samskip Multimodal Container Logistics has, in close cooperation with SCA
