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| K+N gets medical manufacturing license in Japan |
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Tuesday, May 15, 2012
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Kuehne + Nagel said a unit in Japan has been granted by the Chiba prefecture government a manufacturing license for packaging, labeling and storage of medical devices at its logistics facility in Ichikawa. “The license is a huge step forward for Kuehne + Nagel to expand its position as a leading logistics provider to the pharmaceutical and healthcare industry,” said Tadhg Meaney, president of Kuehne + Nagel Japan, in a statement.
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| Hanjin joins Asia-Europe increase brigade |
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Tuesday, May 15, 2012
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The liner carrier Hanjin Shipping said Tuesday that it will impose rate increases on the Asia-Europe trade from June 1. The increases, $350 per TEU and $700 per FEU, is applicable to origin ports in Japan, as well as dry and reefer cargo.
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| SeaIntel: Weekly Asia-Europe capacity swings significant |
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Monday, May 14, 2012
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The maritime analyst SeaIntel said significant swings in the weekly capacity deployed by liner carriers on the Asia-Europe trade have an ongoing impact on the trade’s supply/demand balance. “Out of all Asia-Europe services, only one service utilizes vessels of the same size,” SeaIntel said in its weekly SeaIntel Sunday Spotlight. “The remaining services use vessels of varying sizes. This results in a significant week-on-week variability of the capacity in the Asia-Europe trade, ...
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| Daewoo starts building 'Triple E' ship |
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Monday, May 14, 2012
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Press reports say Daewoo Shipbuilding and Marine Engineering has begun constructing the world's biggest container vessel for Maersk Line. South Korea's Chosun Ilbo newspaper and the wire service Agence France-Presse said Denmark's Crown Prince Frederik and his wife Mary attended a ceremony on Saturday marking the start of the vessel's construction at DSME's Okpo shipyard. It's the first of 20 such ships DSME is building for Maersk. The first ship is expec...
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| Asia-Europe peak season fee for MSC |
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Monday, May 14, 2012
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The liner carrier Mediterranean Shipping Co. will implement a peak season surcharge on westbound Asia-Northern Europe shipments from June 1, the line said last week. The surcharge , $350 per TEU, is applicable from destination ports in Asia from Japan through Bangladesh. The line also said it will seek to raise rates on the trades from Asia to Mexico and the west coasts of South America and Central America. The increases , effective from June 15, are $500 per 20-fo...
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| WTO asked to settle U.S., India ag dispute |
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Monday, May 14, 2012
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The United States on Friday asked the World Trade Organization to establish a dispute settlement panel to decide U.S. claims regarding India’s restrictions on imports of various U.S. agricultural products, including poultry meat and eggs. While India asserts that its measures are aimed at preventing entry of avian influenza, the United States claims India’s measures are inconsistent with the science, international guidelines, and standards India has set for its own domestic indu...
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| Hanjin loses $209 million in 1Q |
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Friday, May 11, 2012
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The container shipping division of liner carrier Hanjin Shipping slumped to a $209 million operating loss in the first quarter of 2012, a huge drop from the $28.3 million it lost in the same quarter in 2011. Hanjin’s liner revenue fell 0.3 percent year-on-year in the quarter to $1.6 billion, despite container volume rising 7.4 percent to just more than 1 million TEUs. Hanjin’s group figures were slightly better, thanks to profitable performances from its bulk divis...
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| MOL, Evergreen target Southeast with new string |
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Friday, May 11, 2012
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Ocean carriers MOL and Evergreen Line said Thursday they will start a new weekly service next month linking major Asian ports and ports in the U.S. Southeast via the Suez Canal. MOL calls this the South China/Vietnam – the U.S. South East Coast or "SVS" service, while Evergreen designates it the Asia-U.S. East Coast Service 3 or "AUE3." Ten ships of 4,500 to 5,600 TEUs each will be deployed in the joint service, with MOL providing nine ships and Evergreen one....
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| COSCO raising rates from Asia |
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Friday, May 11, 2012
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COSCO Container Lines has announced a series of planned rate hikes in major trades over the next few weeks. The increases are: $400 per TEU and a $300-per-TEU peak season surcharge from the Far East to the Persian Gulf on June 1. $200 per TEU from the Far East to the Indian Subcontinent. $600-per-FEU peak season surcharge from Asia to the United States and Canada (the fee is $480 for 20-foot containers, $675 for 40-foot high-cube containers, and $760 per 45-foot container).&nbs...
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| Axway powers single window pilot |
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Thursday, May 10, 2012
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Axway, which develops cloud-based software, has announced Nathan Associates has picked the company’s business-to-business integration (B2Bi) service to run a single window pilot program. The pilot is being put into place by the Association of Southeast Asian Nations (ASEAN). The goal of the single window is to reduce the time needed to process import and export documents, allowing businesses to operate more efficiently. ASEAN also said it expects the program to b...
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| APL loses $246 million in 1Q |
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Wednesday, May 09, 2012
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The liner carrier APL lost $246 million from continuing operations in the first quarter, a massive drop from the $8 million it lost in the corresponding period in 2011, Singapore-based parent company NOL said Wednesday. APL saw revenue drop 4 percent year-on-year in the first quarter to $2 billion, while container volume increased 4 percent to 791,000 TEUs. Average revenue per TEU fell 7 percent to $2,420, while average bunker prices in the quarter rose 31 percent ...
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| CKYH to add all-water loop next week |
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Wednesday, May 09, 2012
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The CKYH Alliance said Wednesday it will add a transpacific all-water loop from May 18 as part of adjustments to its Asia-U.S. East Coast service network. It will be the fifth loop on the trade offered by the four carriers, COSCO Container Lines, Hanjin Shipping, Yang Ming, and “K” Line. The lines have also made small rotational tweaks to two other services. The updated service network will include: AWE-1, with a rotation of Ningbo, Shanghai, Busan, New York, Wilmin...
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| TSA to seek peak season fee in June |
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Wednesday, May 09, 2012
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Liner carrier members of the Transpacific Stabilization Agreement will seek a $600-per-FEU peak season surcharge from June 10. The surcharge, announced by TSA on Tuesday, comes amid signs that the U.S. economy, and resultant containerized cargo demand, is incrementally improving. The surcharge, which will be assessed at proportionate levels for other equipment sizes, is intended to cover “extraordinary seasonal costs associated with anticipated cargo surges,” s...
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| Widdows urges fuel-efficient vessel orders |
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Wednesday, May 09, 2012
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Widdows Rickmers Holding Chief Executive and former NOL President and Chief Executive Officer Ron Widdows said shipping lines need to look squarely at ordering ships with better fuel efficiency in a recent interview with Singapore’s Business Times . Widdows, who left Singapore-based NOL last year, downplayed the idea that liner carriers have ordered too many ships. "Despite people thinking there are too many assets (ships) already, there will be a need for more," W...
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| Emirates hiking Asia export rates |
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Wednesday, May 09, 2012
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Emirates Shipping Line said Tuesday it plans to hike rates on trades from Asia to the Indian Subcontinent, Middle East, and Africa from May 15. The increases are $250 per TEU from the Far East and Southeast Asia to East Africa, and $300 per TEU from the Far East and Southeast Asia to the Indian Subcontinent and Middle East.
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| NYK joins RCL in SE Asia/China feeder |
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Wednesday, May 09, 2012
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NYK Line said Tuesday it will start a new service between Thailand, Vietnam, and China with Thailand-based intra-Asia-carrier Regional Container Lines (RCL) and drop an existing joint service with Vietnam state-owned carrier Vinalines. The new service, which NYK will call TVC, will have a rotation of Bangkok, Laem Chabang, Haiphong, Shekou, Hong Kong, Haiphong, Hong Kong, Shekou, and Bangkok. It will be operated by three 1,000-TEU ships, two from RCL and one from NYK. &nbs...
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| Hapag-Lloyd drops slots on Hyundai's KMS |
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Tuesday, May 08, 2012
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The ocean carrier Hapag-Lloyd has ended its slot charter agreement with Hyundai Merchant Marine on the latter's weekly Asia-Middle East feeder service KMS. The last sailing will depart Gwangyang, Korea May 9 on the Hyundai General . The service operates with six Hyundai vessels with an average capacity of 5,992 TEUs and the rotation of the KMS remains Gwangyang, Busan, Ningbo, Keelung, Yantian, Hong Kong, Singapore, Port Kelang, Dubai, Bandar Abbas, Karachi, Singapore, Hong Kon...
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| Evergreen chairman honored in Japan |
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Tuesday, May 08, 2012
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Chang In recognition of his contributions to assist the reconstruction of Japan following the March 2011 earthquake and tsunami, Evergreen Group Chairman Yung-Fa Chang was honored Tuesday with the Order of the Rising Sun, Gold and Silver Star during an award ceremony at the Tokyo Imperial Palace. The Japanese government also honored Chang for his achievements in improving the international transportation industry and enhancing development of Japan's economy and the relationship betwe...
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| WTSA recommends rate hikes for meat, poultry, hides |
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Tuesday, May 08, 2012
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The Westbound Transpacific Stabilization Agreement (WTSA), a group of 10 liner carriers, have recommended increasing freight rates for frozen and chilled beef, pork and poultry, as well as animal hides, to coincide with upcoming contract renewals for those cargoes. Effective July 1, WTSA member lines have recommended increases to existing rates of $300 per 40-foot container (FEU) from the U.S. West Coast, and $400 per FEU for intermodal and U.S. East Coast all-water shipments, w...
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| U.S. spotlights China’s new solar trade supports |
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Monday, May 07, 2012
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China’s new five-year plan for its solar industry threatens to further incapacitate U.S. domestic and world market share, an industry group warned. "The Chinese government launched a trade war against the U.S. domestic industry, took over the leadership of the largest American industry trade association and began driving U.S. solar manufacturing pioneers out of business," said Gordon Brinser, president of SolarWorld Industries America, the largest U.S. solar manu...
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| Damco takes aims at South Asia pharma |
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Monday, May 07, 2012
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Third-party logistics services provider Damco said its South Asia operation is focusing on the pharmaceutical industry by offering "green" logistics in India. The company has started offering a Dynamic Flow Control tool which it says helps static supply chains evolve into "dynamic" systems with a focus on reducing carbon footprints. The company said it expects the system to save companies double-digit percentages on cost. Gre...
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| NWA adds calls on TP loop |
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Monday, May 07, 2012
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The New World Alliance carriers have amended the rotation of their PSX transpacific loop, according to a notice from NWA member MOL. In specific, the PSX added calls at Seattle, Vancouver, Tokyo, and Yantian with an aim of providing “competitive transit times and cut-offs for cargo from the Pacific Northwest.” The revised rotation is now Laem Chabang, Cai Mep, Hong Kong, Yantian, Los Angeles, Oakland, Seattle, Vancouver, Tokyo, Yantian, Hong Kong, and...
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| APL receives largest, most advanced ship |
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Monday, May 07, 2012
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APL said its largest and most advanced ship, the 10,700-TEU APL Southampton , called on the Port of Singapore during its maiden voyage Monday. APL noted the ship has a number of environmental-friendly features, including a ballast water treatment system and an electronically-controlled main engine. "We are modernizing our fleet with more sustainable and more efficient ships," said APL President Kenneth Glenn, in a statement. "All our new ve...
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| Commercial ships could detect tsunamis |
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Monday, May 07, 2012
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According to the University of Hawaii at Manoa, future warnings of deadly and disruptive tsunamis may come from commercial vessels, especially those with newer tracking and navigation systems. The discovery came from the university's research vessel, Kilo Moana , which found that ship GPS can be used to determine sea surface height changes. On its way from Hawaii from Guam, the ship was traveling when a tsunami was generated by the 8.8 earthquak...
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| GA, Zim decouple all-water loops |
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Friday, May 04, 2012
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The Grand Alliance carriers and Zim look to decouple a transpacific all-water service they amended in October back into two separate loops, according to a note from GA member Hapag-Lloyd. The lines will reintroduce their suspended SCE rotation from next week, and return the SCE2 loop, currently operated mostly with Zim vessels, to its previous rotation. The revised rotations will be Kaohsiung, Shekou, Hong Kong, New York, Norfolk, Savannah, Miami, an...
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| Hapag-Lloyd announces rate increase |
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Friday, May 04, 2012
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Liner carrier Hapag-Lloyd said it will increase its transatlantic freight rates on July 1. Rates on both eastbound and westbound cargo between all coasts of the United States and Canada to and from North Europe and the Mediterranean will increase $400 on 20-foot containers and $500 on 40-foot containers. The German carrier is also increasing rates between all coasts of Mexico and North Europe in both directions. The increase is $240 p...
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| 'K' Line, Wan Hai launch new loop |
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Friday, May 04, 2012
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The liner shipping companies "K" Line and Wan Hai will commence their new transpacific service CALCO-B on May 7 via Wan Hai 505 . COSCO will also take slots on this service. CALCO-B will operate with five vessels averaging 4,482 TEUs. "K" Line will operate three ships and Wan Hai two. The service will sail weekly with a 35-day rotation calling Qingdao, Shanghai, Ningbo, Long Beach and Qingdao. ComPair Data , Kathleen Tyson
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| Evergreen joins Hyundai’s KMS |
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Friday, May 04, 2012
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The liner shipping company Evergreen Line will join Hyundai Merchant Marine’s KMS service, which covers the Asia-to-Middle East trade. Evergreen will charter slots from the May 9 sailing of the Hyundai General from Gwangyang. KMS runs with six Hyundai-operated vessels averaging 5,992 TEUs each. Emirates, Hapag-Lloyd, MCC (intra-Asia portion), MOL and NYK also take slots on the service. Its rotation is Gwangyang, Busan, Ningbo, ...
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| China Shipping passes on ship option |
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Thursday, May 03, 2012
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China Shipping Container Line said it has let options to acquire four additional containerships lapse. The decision follows last week's announcement that CSCL lost 1.44 billion renminbi ($229 million) in the first quarter of 2012, compared to a loss of 140 million RMB in the same 2011 period. The company had revenue of 6.45 billion RMB in the first quarter of 2012, compared to 6.52 billion RMB in the first quarter of 2011.
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| Hyundai, 'K' Line, NYK, and PIL leave MOL's CSW |
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Thursday, May 03, 2012
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The liner shipping companies Hyundai, "K" Line, NYK and PIL have all left MOL's CSW service which covers Asia, Africa, and East Coast South America. All four liner companies, who were taking slots on the Asia-to-East Coast South America portion, have ended their participation on the CSW with the final sailing departing on March 31 with the MOL Grandeu r. For Hyundai, this was its CSW service, NYK's NHX2, PIL's SA2, and "K" Line's AESA-L2. Hamburg Süd and Alianca are th...
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| G6 won't operate 7th Asia-N. Europe loop |
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Wednesday, May 02, 2012
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The carrier members of the G6 Alliance on the Asia-Northern Europe trade said Wednesday they will not operate a seventh service on the trade as previously planned. “This loop was originally developed as one of the seven loops between Asia and North Europe jointly provided by the six members,” the lines said. “It was not initiated in March because of the unsuitable market conditions at that time and the G6 Alliance has not seen any improvements in the current market environment t...
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| K+N boosts LCL in Asia-Pacific |
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Wednesday, May 02, 2012
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Swiss freight forwarder Kuehne + Nagel will use its Shanghai gateway to further strengthen its less-than-containerload offerings in the Asia Pacific region. The new gateway complements K+N’s existing direct services in Shanghai and serves as an alternative to the company’s other two gateways in Singapore and Sri Lanka. Since May 1, 28 new gateway services have been operational from Shanghai, the company said. The services, operated by K+N’s non-vessel-operating com...
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| Two carriers ride CMA CGM to Jaxport |
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Wednesday, May 02, 2012
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China Shipping Container Lines and United Arab Shipping Co. are offering container service for the first time to the Port of Jacksonville by taking space on CMA-CGM's Pacific Express 3 (PEX 3) service, according to the Jacksonville Port Authority. Shanghai's China Shipping and UASC of Kuwait chartered slots on the PEX 3 after CMA-CGM changed its rotation, making Jacksonville the last outbound port in the United States, spokeswoman Nancy Rubin said. CMA-CGM rece...
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| Senate argues against yarn-forward rules in TPP talks |
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Wednesday, May 02, 2012
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Members of the Trans-Pacific Partnership Apparel Coalition on Tuesday lauded a group of 15 U.S. senators who sent a letter to President Obama urging him to push for modern and flexible rules in the TPP, a multilateral trade agreement being negotiated among a cadre of Pacific nations. The senators asked the administration to abandon a push for the so-called “yarn-forward” rule of origin, saying it restricts textile and apparel trade among TPP partners. The bipartisan...
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| Zim leaves G6 to start own loop |
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Tuesday, May 01, 2012
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The ocean carrier Zim Line has ended its slot charter agreements with the G6 Alliance on the latter's weekly Asia-Europe Loop 1, Loop 5, and Loop 6 services after only one month of sailings. Zim plans to offset this loss in available capacity by reinstating its joint AEX2/AX2/CES2 Asia to North Europe service with vessel partners Evergreen and China Shipping. Zim, Evergreen, and CSCL announced last week that the carriers would resurrect their joint AEX2 service between Asia and...
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| Kerry buys Taiwan pharma logistics firm |
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Monday, April 30, 2012
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Hong Kong-based Kerry Logistics said on Monday that it has acquired Taiwan-based Trustspeed Medicine Logistics. The acquisition will strengthen Kerry’s capabilities in the pharmaceutical and healthcare logistics sector and extend its Asian distribution network in the market, the company said. “This is a major step forward for Kerry Logistics to expand its presence in Taiwan’s dynamic and growing pharmaceutical and healthcare sector. We aim to tap into the huge...
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| Web Feature: Follow the Flagship |
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Friday, April 27, 2012
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Maersk operation tailored to balance U.S. import and export international container volumes. By Francis Phillips Beginning early March Maersk Line launched a premium transpacific eastbound service called Flagship. It offers weekly day of availability connections between 15 ports in Asia and five inland destinations in the United States, including Chicago, Houston, Dallas/Fort Worth, Memphis, and Northwest Ohio. The inland r...
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| Two-way trade: Meth, handbags in, drone parts out |
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Thursday, April 26, 2012
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Two Taiwanese nationals were charged Wednesday with allegedly seeking to export sensitive U.S. military technology to China, including drone aircraft, spy planes and stealth technology related to F-22 fighter planes. The plot was uncovered when federal agents investigating the smuggling of counterfeit goods such as cigarettes, boots and handbags, also discovered plots to smuggle drugs into and sensitive defense articles out of the United States. Hui Sheng Shen,...
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| New World, Evergreen leave CMA CGM's FAL 1 |
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Thursday, April 26, 2012
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The liner shipping companies APL, Hyundai, MOL (New World Alliance) and Evergreen have all left CMA CGM's French Asia Line 1, which covers Europe-Middle East-Asia. All four liner companies pulled out of the FAL 1 in late March and will complete their final voyage in early May with the CMA CGM Thalassa . For APL and MOL this was their NCE service, while Hyundai referred to it as the FA1. Evergreen is the only carrier that has moved onto CMA CGM's French Asia Line 3 after ending i...
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| Southern Air adds 4th B777 freighter |
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Thursday, April 26, 2012
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Southern Air Holdings today has taken ownership of its fourth B777 freight at Boeing’s headquarters in Everett, Wash. Southern Air is the only ACMI (aircraft, crew, maintenance and insurance) operator to fly the B777 freighter, enabling it to serve customers with fewer stops, shorter cargo delivery times and lower handling costs. These freighters offer the most cargo capacity and longest flight times in the industry, making it possible to connect intercontinental markets overni...
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| MSC to raise Asia/ECSA rates |
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Thursday, April 26, 2012
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The liner carrier Mediterranean Shipping Co. said Thursday it plans to hike rates from Asia to the east coast of South America in mid-May. The increase , $500 per TEU, is effective from May 15.
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| COSCO Pacific sees sizable 1Q profit growth |
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Wednesday, April 25, 2012
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The terminal operator COSCO Pacific said its operating profit grew 40.9 percent year-on-year in the first quarter of 2012 to $57 million. COSCO’s revenue grew 33.5 percent to $174 million. Container throughput at terminals in which COSCO has a stake increased 11.5 percent to 12.8 million in the first quarter. COSCO is a subsidiary of the state-owned China COSCO Group, and includes container leasing and manufacturing divisions. — Eric Johnson
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| MOL establishes Peru presence |
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Wednesday, April 25, 2012
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The ocean carrier MOL said Tuesday it has established a new subsidiary in Peru. “The country was chosen because it shows more stable growth than other South American nations,” MOL said in a statement. “With the new subsidiary, MOL will consolidate its business structure and further expand north-south containership routes to further improve customer services.” The wholly-owned agency will be based in Peru’s capital, Lima.
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| U.S. takes on Japanese ink maker’s import violation |
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Wednesday, April 25, 2012
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The United States has intervened in a lawsuit against Toyo Ink Manufacturing Co. Ltd. of Japan and three of its U.S. subsidiaries for knowingly misrepresenting the country of origin on import documents presented to U.S. Customs and Border Protection, the U.S. Justice Department said on Tuesday. The suit alleges that Toyo misrepresented Japan and Mexico as the countries of origin for its colorant carbazole violet pigment No. 23 (CVP-23) imports to avoid paying U.S. antidumping a...
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| Maersk to assess Asia-Latin America peak fee |
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Tuesday, April 24, 2012
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Maersk Line said Friday it will assess a set of peak season surcharges from Asia to Latin America over the next month. The line said the $300-per-TEU fee is needed because of a shortage of 20-foot dry containers on the trade. The start dates for the fee are: April 23 from the Far East (excluding Taiwan) to Latin America (excluding Colombia, Puerto Rico, and the U.S. Virgin Islands) May 20 from Taiwan to Latin America (excluding Brazil, Uruguay, Paraguay and Argenti...
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| Piracy rises in West Africa |
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Tuesday, April 24, 2012
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A new frontier in the war against maritime piracy is emerging with attacks in West Africa, the International Chamber of Commerce’s International Maritime Bureau (IMB) warned. The IMB said 11 reports were received in Nigeria and Benin during the first quarter of 2012, equivalent to the whole of 2011. In all, the bureau recorded 102 incidents of piracy and armed robbery in the first quarter of 2012. Of the total, 11 vessels were reported hijacked, with 212 ...
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| Emirates raising Asia/East Africa rates |
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Tuesday, April 24, 2012
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Emirates Shipping Line said this week it plans to hike rates on the trade from the Far East and Southeast Asia to East Africa. The increase, effective May 1, is $250 per TEU. Emirates said it is “in line with market conditions.”
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| U.S. State Dept. funds IPR training programs |
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Monday, April 23, 2012
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The U.S. Department of State on Thursday announced $2.6 million in funding to help train foreign governments on investigating and prosecuting intellectual property rights crimes in Asia, Latin America and sub-Saharan Africa. Workshops and training seminars will be conducted for customs authorities, judges, prosecutors, police, and other enforcement officials in Mexico, Chile, and Colombia A dozen projects were selected for training and technical assistance with inp...
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| Wan Hai/'K' Line to start TP service |
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Monday, April 23, 2012
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The liner carriers “K” Line and Wan Hai will cooperate on a new transpacific service, Wan Hai said last week. The service, expected to start in early May, will have a rotation of Qingdao, Shanghai, Ningbo, Long Beach, and Qingdao. It will be run with five 4,000-TEU vessels (three from “K” Line and two from Wan Hai). Wan Hai also said it will take slots on a CKYH Green Alliance transpacific service operated by “K” Line - the “K” Line service is its Calco-C ...
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| Maersk ends Mideast-Indian Ocean loop |
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Monday, April 23, 2012
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The ocean carrier Maersk Line has suspended its weekly IOI service between the Middle East and the Indian Ocean. The last sailing was by the Maersk Warsaw , which departed Salalah on April 6. The four-ship average 1,713-TEUs IOI loop had a port rotation of Salalah, Reunion Island, Port Louis, Toamasina, Victoria, and Salalah. Maersk subsidiary Safmarine had been sharing space on the service. The IOI was one of six Maersk and...
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| CMA CGM, Emirates partner on Mideast-Africa service |
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Monday, April 23, 2012
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CMA CGM said Thursday it will partner with Emirates Shipping Line on the trade between India, the Middle East and east Africa from mid-May. The French container line will drop its existing SWAX service and form two new services with the same moniker, SWAX 2 and SWAX 3. The SWAX 2 service will have a rotation of Jebel Ali, Khor Fakkan, Mombasa, Zanzibar, and Jebel Ali. It will be operated with five 2,200-TEU vessels (four from CMA CGM and one from Emirates). ...
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| Maersk slows AE1 northbound intra-Asia |
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Monday, April 23, 2012
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Ocean carrier Maersk Line has added an 11th vessel to its weekly North Europe-Asia AE1 service and increased round-trip voyage time from 70 days to 77 days. Maersk advised March 28 it would add an extra vessel to five of its six Asia-Europe loops and "super-slow-steam" them by adding one more week to their eastbound transits. The AE1's transit times eastbound from Europe to Asia have indeed increased as vessels slow steam one week between Singapore and Y...
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| Evergreen joins 'K' Line’s JABCO 1 |
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Monday, April 23, 2012
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The liner shipping company Evergreen Line joins the China to the Southeast Asia portion of "K" Line’s JABCO 1 service beginning with the April 30 sailing of Guayaquil Bridge from Shanghai. Hanjin Shipping is already a slot charterer and dubs the loop JTS. The service, which Evergreen Line calls B1, has increased from 21 to 28 days roundtrip voyage. JABCO 1 currently operates with four vessels, all provided by "K" Line, averaging 2,103 TEUs. A pre...
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| Maersk resumes Europe-to-Asia bookings |
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Friday, April 20, 2012
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Maersk Line on Friday confirmed to American Shipper that it has resumed accepting bookings on the eastbound trade from Europe to Asia. The line had stopped accepting bookings in late March due to a backlog of cargo in Europe, a story reported first by American Shipper on March 21. The backlog was created, Maersk said, by cancellations of sailings following the Chinese New Year and was estimated to be cleared by early May. But a Maersk spokesperson told...
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| Expeditors: Air freight customers shipping less |
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Friday, April 20, 2012
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Expeditors International of Washington cautioned investors that its first quarter results may miss estimates by Wall Street analysts. "Our preliminary data seems to reveal a trend where existing customers, particularly air freight customers, are shipping at lower volumes than we experienced during the 2011 first quarter," said Peter J. Rose, chairman and chief executive officer. He said Expeditors "has been very cautionary in its past two earnings rel...
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| CMA CGM shakes up Asia-Southern Africa network |
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Thursday, April 19, 2012
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CMA CGM said Wednesday it will adjust its service network between Asia and South Africa, Mozambique, and the Indian Ocean islands. The French container line will partner with Maersk Line on two services, and drop out of two existing services – one operated by Mediterranean Shipping Co. and CSAV, and another by its subsidiary Delmas. From April 24, CMA CGM will join Maersk on an eight-ship service it will call New Shaka 2, with a rotation of Shanghai, Ningbo, F...
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| Hanjin expands to Black Sea |
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Thursday, April 19, 2012
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Hanjin Shipping said Wednesday it is joining two services in the Black Sea region over the next month. The South Korean line will join a consortium service between Asia and the Black Sea from the middle of May. The eight-ship ABX service is currently operated by China Shipping, Yang Ming and “K” Line. It has a rotation of Shanghai, Ningbo, Shekou, Singapore, Port Kelang, Piraeus, Istanbul, Constanza, Ilichevsk, Port Kelang, and Shanghai. PIL, Zim, and ...
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| CMA CGM opens Mumbai head office |
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Thursday, April 19, 2012
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The container shipping line CMA CGM said this week it has opened a new head office in Mumbai as it seeks to grow its position in the Indian Subcontinent. “CMA CGM is one of the four biggest carriers in India and we have the ambition to bring our group to become a leader offering the best customer service,” said Ludovic Renou, managing director for the line in India. The French line currently offers seven weekly services to India.
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| Yang Ming joins AAA1 service |
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Wednesday, April 18, 2012
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The liner shipping company Yang Ming is now taking slots on OOCL’s AAA1 service, which connects Southeast Asia with Australia. MOL, PIL and COSCO also take slots on the service. Yang Ming joined with the April 9 sailing from Singapore via the vessel OOCL Panama . The total transit time is 26 days roundtrip, with a three-day lay-up in Singapore. It operates with four vessels averaging 4,446 TEUs apiece. Two vessels are operated by OOCL, one by MOL and ...
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| Maersk speeds up Asia-East Africa Mashariki Express |
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Wednesday, April 18, 2012
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The ocean carrier Maersk Line has speeded up its weekly Mashariki Express service between Asia and East Africa, decreasing roundtrip voyage time from 49 days to 42 days. Transit times eastbound to Maersk’s mega-regional hub in Tanjung Pelepas, Malaysia, from East Africa have decreased by about five days, now taking 27 days between Mombasa and Tanjung Pelepas and 12 days from Dar es Salaam. The rotation of the Mashariki Express remains Tanjung Pelepas, M...
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