US boxed exports up 2.3pc in January 2012-3-31Containerised exports from the United States grew by 2.3 per cent in the month of January at 1.4 million TEU buoyed by solid growth in Asian markets to offset losses to Europe, a 3.1 per cent increase on same month in 2011, the Shipping Gazette informs.
China Shipping posts US$434.59 million loss 2012-3-31Hong Kong listed China Shipping Container Lines (CSCL) posted a year-on-year net loss of CNY2.74 billion (US$434.59 million) in 2011 with revenue falling 18.9 per cent to CYN28.24 billion, according to the Shipping Gazette.
Shipbuilding industry to see another weak year 2012-3-31Even though the global yard capacity had crossed the peak to reach historic highs, the shipbuilding industry is likely to see yet another weak year, according to Exim News Service.
Weak fourth quarter drags Zim losses down 2012-3-31Container shipping company Zim is the latest carrier to post significant losses in 2011, ending the year with a net loss of US$397 million, compared to net profit of $54 million in 2010.
CMA CGM, MSC and CSAV entered into a deal 2012-3-31Erstwhile rivals, MSC, CMA CGM and CSAV, have entered into a deal to provide a joint service between northern Europe and east coast South America, taking advantage of A Hamburg Sud, Alianca, Hapag-Lloyd decision to reorganise their activities in the trade lane.
Dubai's DP World to repay US$3 billion loan six months ahead of schedule 2012-3-30Dubai port operator DP World has announced it will repay a US$3 billion loan six months ahead of schedule.
MSC adds final 13,050-TEU vessel to Asia-Europe Silk service 2012-3-30Geneva-based Mediterranean Shipping Company has received the final in a series of five ships ordered in October 2007 from Korean's Daewoo Shipbuilding & Marine Engineering (DSME) to be deployed on its Asia-Europe Silk Service (FAL 6) along with the MSC Aurora delivered a few weeks ago.
Cosco Pacific 2011 profit up 7.6pc 2012-3-30Hong Kong listed Cosco Pacific, the Cosco group's terminal operating, container making and leasing company, posted a year-on-year 7.6 per cent net profit increase to US$3.88 million in 2011 drawn on a 34.2 revenue increase to $599.15 million, according to the Shipping Gazette.
SCI takes delivery of another Supramax bulk carrier 2012-3-30The Shipping Corporation of India (SCI) earlier this week accepted delivery of m.v. Vishva Vikas, a Supramax bulk carrier, according to Exim News Service.
MOL expands Asia-South Africa service 2012-3-30Mitsui OSK Lines (MOL) is expanding its network coverage on the Asia-South Africa trade lane by joining a service operated by two other carriers on the route, and by adding a new port of call to one of its own services, the Shipping Gazette reports.
MSC to levy US$100 per container 2012-3-29Geneva's Mediterranean Shipping Company (MSC), the world's second largest container shipping line after Maersk, has issued a notice to trade that it will levy US$100 per container, regardless of size, to cope with a current equipment imbalance, according to the Shipping Gazette.
Olivier Lim named to NOL Group Board of Directors 2012-3-29NOL Group, the Singapore-based shipping and logistics company, today named Olivier Lim to its Board of Directors. Mr. Lim, Chief Investment Officer at Singapore's CapitaLand Limited, joins the Board 12 April.
New Tianjin-Japan shipping route launched 2012-3-29Japanese carrier Kambara Kisen Co Ltd (KKC) has inaugurated a near sea shipping links connecting Tianjin's Orient Container Terminal to ports on the Sea of Japan, Xinhua reports.
Wan Hai Lines to raise Asia-East India rates 2012-3-29Taiwan's Wan Hai Lines has announced it will increase rates in services from the Far East to India from April 1.
Hapag levies north Europe-Far East bunker surcharge 2012-3-29Germany's Hapag-Lloyd has announced it will levy a US$200 per TEU fuel surcharge from April 16 on cargo moving from north Europe and the Mediterranean to ports in the Far East, including Japan.
Hanjin Shipping receives first 13,100TEU class containerships 2012-3-28Hanjin Shipping has announced the delivery of its first 13,100TEU class containerships.
Boxship price war came at a huge cost 2012-3-28SeaIntel Maritime Analysis has analysed the cost of the price war waged by the container carriers on the two main trades linking Asia with Europe and North America.
Dry bulk ship scrapping may remain close to the previous year's level 2012-3-28Scrapping of dry bulk ships this year may remain close to the previous year's level, a report by the Baltic and International Maritime Council (BIMCO) said.
Large containerships flood market 2012-3-28A deluge of enormous containerships has recently flooded the market as ships held back at yards during the downturn are being delivered at last, adding capacity in an already overtonnaged scenario, according to Exim News Service.
TT Club launches new maintenance handbook for non-engineers 2012-3-28Specialist insurance provider to the port, terminal and freight transport sector, TT Club has published a new 76-page handbook 'The Importance of Maintenance - a handbook for non-engineers'.
