Container service reliability fell marginally in the third quarter and is expected to slide further in the fourth quarter, according to Drewry Maritime Research’s…
Ocean carriers announce rate hikes, EBA on Asia trades
Mediterranean Shipping Company (MSC) plans to impose general rate increases on the Asia-Europe trade lane effective December. The Geneva-based carrier said the rate hikes…
The CKYH Alliance announced the suspension of seven Asia-Mediterranean sailings for the winter, to take effect from November 2012 to the middle of January…
Orient Overseas Container Line (OOCL) announced the following changes to its management positions effective January 1, 2013: Bosco Louie will retire from his current…
Asia-Europe carriers push through with November rate hikes
The large price hikes earlier announced by Asia-Europe container shipping lines for November 1 pushed through on schedule, but Drewry Maritime Research does not…
Box ship Zim Integrated announced rate hikes for all cargo on the Asia-U.S. trade lane effective December. The Israel-based ocean carrier said cargo from…
Hapag-Lloyd announced the addition of a seventh vessel to the Asia-Mexico Express Service Loop 1 (AME1) schedule. “The additional vessel will be helping us to…
To establish a more compensatory rate baseline for contracts that will be in effect through mid-2014, member carriers in the Transpacific Stabilization Agreement (TSA)…
Proposed PH Maritime Code faces refiling in next Congress
The proposed Maritime Code of the Philippines will likely miss congressional approval, a victim of low priority in a Congress more pre-occupied with the…
Zim Integrated Shipping announced changes to its Asia-South America service from November as part of its winter program. The Israel-based box ship said that…
PH maritime insurance industry seeks partner with more financial muscle
Philippine insurance firms are asking the Government Service Insurance System (GSIS) to take the lead in providing insurance cover for the maritime industry. At…
APL posts $55-M core EBIT profit for third quarter
Container liner APL, a subsidiary of Neptune Orient Lines (NOL), reported core earnings before interest and taxes (EBIT) profit of US$55 million in the…
The Philippine Shippers’ Bureau (PSB) recently published a list of non-accredited freight forwarders, some of whom have been reported for non-delivery of balikbayan (personal…
Hanjin, Evergreen trim joint China-Europe capacity
Ocean carriers Hanjin Shipping and Evergreen Line plan to reduce capacity on their joint China-Europe service for the fourth quarter “in response to the…
French ocean carrier CMA CGM said it will remove its Turkey shuttle service and reshuffle its Asia-Mediterranean network from November 2012. The Marseilles-based box ship…
