Hapag-Lloyd announces new rate hikes, services for Asia trade
Hapag-Lloyd will increase freight rates effective April 1 for all dry, reefer, non-operative reefer, flat rack, and open-top containers from East Asia to the…
The six member-carriers of the G6 Alliance have agreed to expand their cooperation beyond the Asia-Europe trade to the Asia-North America East Coast trade.…
Member lines in the Transpacific Stabilization Agreement (TSA) are seeking an across-the-board general rate increase (GRI) on all dry and refrigerated cargo effective April…
MOL sees red, but NYK and ‘K’ Line swing into black
Mitsui O.S.K. Lines (MOL) revised downward its earlier forecast of its net loss for full-year 2012 ending March 31, 2013. The Japanese carrier ascribed…
Kawasaki Kisen Kaisha (“K” Line) announced today it will upgrade its weekly intra-Asia services JABCO-1 and JABCO-2 to provide better transit times between Japan…
Box ships schedule March rate hikes on Asia-Europe loop
Global ocean carriers Orient Overseas Container Line (OOCL) and Hapag-Lloyd announced general rate hikes on the Asia-Europe trade come March. Hong Kong-based OOCL said…
Orient Overseas Container Line (OOCL), Hong Kong’s biggest box line, reported a 0.7 percent fall in volume for the fourth quarter of 2012 year-over-year.…
G6 partners to combine Asia-USEC services via Suez
Three members of the Grand Alliance are set to deepen their partnership with three counterparts from the New World Alliance by combining their services…
CMA CGM voids six sailings during Chinese New Year festival
Marseilles-based CMA CGM is cancelling six sailings on the Asia-North Europe trade from February 10, 2013 in anticipation of reduced production during the Chinese…
Cargo slump, capacity growth curtail GRI tries in 2012
Despite attempts at void sailings and capacity reduction on the east-west trade routes, carriers could not push through with most of the planned freight…
‘K’ Line eyes ASEAN, diversification to drive growth in 2013
Japanese shipping line Kawasaki Kisen Kaisha (“K” Line) said that it will focus on expanding its Southeast Asian network and exploring businesses beyond container…
PH vessel retirement program for implementation this year
The Philippine Maritime Industry Authority (Marina) is finally implementing this year the vessel retirement scheme after years of delays. Marina officer-in-charge Atty. Nicasio Conti…
Ever Leader, the eighth L-type containership of Evergreen Line, was recently christened at the Samsung Heavy Industries shipyard by Bronson Hsieh, the Evergreen Group’s…
PH Merchant Shipping Act to be chopped up into several bills
The Maritime Industry Authority (Marina) is breaking down the proposed Philippine Merchant Shipping Act into several bills in order to facilitate approval. In a…
