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Maritime

2765 posts

Fitch: Rational pricing key to shipping’s full recovery by 2014

The world container shipping industry is on the right course by shifting its focus on more rational pricing, but it will not see a…
  • June 13, 2012
  • 2 minute read

Wong appointed NOL South Asia president

Neptune Orient Lines (NOL) of Singapore has promoted Jason Wong to the post of regional president for South Asia. Wong, 56, will assume his…
  • June 11, 2012
  • 1 minute read

CMA CGM optimistic despite $248-M net loss in Q1

France’s largest carrier, CMA CGM, reported a net loss of US$248 million year-over-year for first-quarter 2012, but claimed the figure represented one of the…
  • June 8, 2012
  • 1 minute read

Zim to hike Asia-Europe freight rates in July

Zim Integrated Shipping Services will implement general rate increases (GRIs) in the Asia-Europe trades effective July 1. The Israel box ship will impose an…
  • June 8, 2012
  • 1 minute read

Jardine Shipping Services opens new office in Balikpapan, Indonesia

Jardine Shipping Services recently opened its 13th office in Indonesia at the seaport city of Balikpapan, located in the East Kalimantan province, to provide…
  • June 7, 2012
  • 1 minute read

Maersk Line to trim fat with 400 job cuts

Embattled Maersk Line, the world’s biggest container shipping line, is laying off about 400 employees at its global central offices as part of its…
  • June 4, 2012
  • 1 minute read

P684-M shipping investment in PH gets perks

A P683.9-million investment to be made by Aviva Shipping Corp will receive incentives from the Philippine Board of Investment (BOI). A joint venture between…
  • June 2, 2012
  • 1 minute read

WTSA adopts July 1 guideline increase for dry cargo rates

Container lines in the U.S.-Asia trade are recommending a new round of dry cargo rate increases to take effect on July 1. Member lines…
  • June 2, 2012
  • 1 minute read

Zim’s net loss balloons to $163 M in 1st quarter

Zim Integrated Shipping Services was hit with an even bigger net loss of US$163 million in the first quarter of 2012 compared to net…
  • June 1, 2012
  • 2 minute read

Lorenzo Shipping posts income in Q1

Philippine cargo carrier Lorenzo Shipping Corp (LSC) posted a net income of P15.925 million in the first quarter of the year compared to the…
  • May 28, 2012
  • 1 minute read

Carriers note dip in PH shipments following China’s tighter quarantine rules

Philippine exports of perishables are declining due to stringent quarantine requirements being imposed by China on local fruit shipments. Intra-Asia liner MCC Transport said…
  • May 28, 2012
  • 2 minute read

Sinotrans Container Lines introduces CJP service

Shanghai-based Sinotrans Container Lines is introducing a new service to accommodate its expanding clientele in China, Japan and the Philippines, according to the line’s…
  • May 28, 2012
  • 1 minute read

Automated export system mandatory in all PH seaports by June 1, in airports by Aug 1

The use of the automated export declaration system under the Philippine Bureau of Customs’ (BOC) electronic-to-mobile (e2m) system will be mandatory in all seaports…
  • May 28, 2012
  • 2 minute read

APL, PIL to offer joint Far East-Red Sea service

Singapore-based carriers APL and Pacific International Lines (PIL) will launch a joint service in late June 2012 linking the Far East and Red Sea.…
  • May 25, 2012
  • 1 minute read

Asian shipowners oppose Panama Canal toll hikes

The Asian Shipowners’ Forum (ASF), supported by the Japanese Shipowners’ Association (JSA), expressed opposition to the proposal to  raise the Panama Canal toll, which…
  • May 23, 2012
  • 2 minute read

Export agency pushes expansion of ro-ro policy in PH

The public-private agency Philippine Export Development Council (EDC) is urging the immediate amendment of Executive Order 170 to expand the Roll On-Roll Off (ro-ro)…
  • May 22, 2012
  • 3 minute read

OOCL to boost North Europe-Asia rate

Orient Overseas Container Line (OOCL), Hong Kong’s biggest box carrier, plans to impose another freight rate hike on the North Europe-Asia trade lane in…
  • May 21, 2012
  • 1 minute read

Maersk Line’s Q1 sees net loss of $599 million

Maersk Line reported a net loss of US$599 million in the first quarter of 2012 from a profit of $424 million year-over-year, as average…
  • May 18, 2012
  • 2 minute read

1 in 4 box ships still behind schedule, says report

Container carriers’ schedule reliability improved to 72.3 percent in the first quarter of 2012, but service standards remained as low as 40 percent, a…
  • May 18, 2012
  • 2 minute read

PH box throughput increases 7% in Q1

Philippine container throughput grew 6.97% to 1.229 million twenty-foot equivalent units in the first quarter of the year from 1.149 million TEUs year-on-year, according…
  • May 15, 2012
  • 2 minute read