Maersk Line to simplify surcharges by 2013

Maersk Line announced it will simplify its surcharge system starting 2013 under a two-phase program that combines various freight surcharges into a basic ocean…

Hanjin, APL launch new Japan-Thailand sling

Global container shipping lines APL and Hanjin Shipping have teamed up to launch a new weekly service in mid-December expanding their intra-Asia reach. The…

US-Asia refrigerated rates to rise in Jan

Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) have individually announced a series of general rate increases (GRIs) on refrigerated cargo moving…

Drewry: Bleak prospects await global shipbuilders from 2013

The world’s shipbuilders are facing bleak prospects in the next couple of years as a result of the slump in the shipping market, and…

Zim rallies with $16-M net profit in Q3

Israel-based Zim Integrated Shipping Services rebounded from a US$66 million net loss in the third quarter of 2011 with a net profit of $16…

New law prioritizes Vietnam shipping lines for local routes

As the new law temporarily barring foreign ships from operating on local routes nears enforcement, doubts have sprung about the capability of Vietnam’s domestic…

Carriers file with FMC for single transpacific agreement

The members of the Transpacific Stabilization Agreement (TSA) have filed an amendment with the U.S. Federal Maritime Commission (FMC) that would expand TSA’s scope…

TSA lines simplify fuel surcharge structure

Beginning January 1, 2013, intermodal freight shippers in the Asia-U.S. container trade will begin paying a single, consolidated bunker surcharge that incorporates components for…

PH cargo volume up 4.74%

A strong export sector pushed Philippine cargo throughput to 140.209 million metric tons (mmt) in the first three quarters of the year from 133.860…

P259M PH shipyard gets incentives

The Philippine Board of Investments (BOI) recently approved the grant of fiscal incentives to a Filipino-owned shipyard that will start commercial operations in June…

CMA CGM chalks up Q3 profit, revenue

France’s CMA CGM announced a net profit of US$371 million in the third quarter of the year, which it attributed to a highly successful…

2GO Group loss widens

2GO Group, the Philippines’ largest domestic vessel operator, widened its net loss in the first nine months of the year, dragged by slow performance…

Lorenzo Shipping income down 11%

Philippine publicly-listed cargo carrier Lorenzo Shipping Corp (LSC) posted a net income of P25.438 million in the first nine months of the year, 11%…

More box ships to levy rate hikes, surcharges over next 2 months

Sea carriers continue to set their rate restoration and surcharge imposition plans for the Asia-Europe trade, to be implemented next month and January 2013.…

Rate hikes eyed for Far East westbound cargo

Hapag-Lloyd said it will increase rates for the Far East westbound trade effective December 17 to continue to provide its clients with “sustainable services.”…

Asia-US lines put off implementation of dry cargo rate hike

Container lines serving the trade from Asia to the U.S. will implement a previously announced dry cargo general rate increase (GRI) on December 15,…

Hapag-Lloyd improves profit, revenue in Q3

Freight rates, revenue, and results in the third quarter all went up for Hapag-Lloyd, but the German ocean carrier is not enthusiastic about the…

PH import volume up but exports down in Jan-Sept

Import shipments carried by foreign shipping lines operating in the Philippines improved in the first nine months of the year while export volumes remained…

Davao seeing more vessel services but not where it counts

Vessels are slowly returning to Davao, about 960 kilometers from the Philippine capital Manila, after cutting their services due to declining banana exports, according…

Maersk Line posts nearly $500-M profit for Q3

Denmark-based Maersk Line reported a profit of US$498 million in the third quarter of the year against a loss of $289 million in the…