Neptune Orient Lines (NOL), the Singapore-based container shipping and logistics company, reported a bigger first quarter 2012 net loss amounting to US$254 million from…
Hanjin Shipping, South Korea’s largest container shipping line, registered a greater first quarter net loss year-on-year due to higher bunker prices and lower cargo…
TSA lines recommend peak season surcharge for 2012-13
Oakland, CA – Transpacific Stabilization Agreement (TSA) member lines are recommending a peak season surcharge (PSS) of US$600 per 40-foot container (FEU) and proportionate…
NYK kicks off Thailand-Vietnam-Canton loop with RCL
Japan-based Nippon Yusen Kaisha (NYK) is ceasing its Thailand–Vietnam–Singapore (TVS) joint service and launching the Thailand–Vietnam–Canton (TVC) joint service from mid-May. NYK said on…
US-Asia lines recommend seasonal rate actions on proteins, hides
Oakland, CA– Container lines operating in the U.S.-Asia trade lane have proposed a set of non-binding guideline increases for freight rates covering frozen and…
Hapag-Lloyd sets Far East-N Europe eastbound and westbound rate hikes
Hapag-Lloyd will implement general rate increases for all cargo and container types from the eastbound and westbound Far East-North Europe slings, the German ocean…
The westbound Asia-Europe box rates rose strongly last week, rising 19 percent even as pricing on the eastbound trans-Pacific trade remained unchanged, according to…
The 2GO Group, the Philippines’ largest shipping company, posted a net loss of P626 million for 2011 compared to the previous year’s loss of…
May 2, 2012
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Hanjin PH delivers two ships
Hanjin Heavy Industries & Construction-Philippines (HHIC-Phil, Inc.) has delivered two more vessels this month, the 34th and 35th delivered from its Subic yard. Crude…
Maersk Line plans freight rate hikes on major trade loops
Copenhagen-based Maersk Line will impose a series of general rate hikes on key sea lanes beginning May. Maersk Line, the world’s leading container shipper,…
Philippine cargo throughput increased slightly in January due to improved export volumes. Cargo volume grew 1.08% to 12.872 million metric tons (mmt) from 12.537…
The Philippine Chamber of Arrastre and Stevedoring Operators (PCASO) expects its members’ cargo volume and revenues to each rise from 6%-8% this year. PCASO,…
Evergreen Line announced plans to launch a Belawan-Malaysia feeder route (BMS) in late April to further strengthen its intra-Asia service network. Evergreen Line will…
CMA CGM reshuffles Asia-South Africa and Mozambique routes
French box ship CMA CGM announced it will reshuffle in partnership with Maersk Line its Asia-South Africa and Mozambique services. These two new services…
