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Maritime

2765 posts

MISC quits container shipping after $789-M loss

MISC Bhd has announced its departure from the container shipping business after massive financial setbacks due to deteriorating industry conditions. The Malaysia-based shipping company…
  • November 25, 2011
  • 1 minute read

Maersk to hike rates on Asia-Caribbean and Latin America routes

Maersk Line will implement a number of general rate increases (GRI) and peak-season surcharges for its Far East Asia services in December 2011. Changes…
  • November 25, 2011
  • 1 minute read

Maersk merges ICON and ‘Daily Maersk’ services

Maersk Line announced on November 25, 2011 that it will merge the ICON service with the Asia-Europe ‘Daily Maersk’ network in early 2012 “to…
  • November 25, 2011
  • 1 minute read

PH economic body cites three concerns threatening maritime sector

The Philippine National Economic and Development Authority (NEDA) has identified safety, overlapping and conflicting functions of transport and concerned agencies, and the threat made…
  • November 24, 2011
  • 3 minute read

SuperFerry resumes passenger and cargo operations

SuperFerry has resumed operations after a brief suspension meted out by the Philippine Maritime Industry Authority (MARINA) over the weekend. Officials of the company…
  • November 24, 2011
  • 3 minute read

ATSCI pares down losses

PHILIPPINE shipping line ATS Consolidated, Inc. (ATSCI) posted a net loss of P257.5 million in the first nine months of the year, a 46%…
  • November 24, 2011
  • 2 minute read

Specialized foreign vessels to soon service PH gas project

The Philippine Maritime Industry Authority (Marina) will soon allow special-purpose foreign-flag vessels to exclusively service the Malampaya deepwater gas-to-power project in Batangas, south of…
  • November 24, 2011
  • 1 minute read

Currency swings slash Hapag-Lloyd’s profit by 13%

Wide currency fluctuations due to the debt crisis in Europe ate into the profits of Hapag-Lloyd, whose revenue in the third quarter ended September…
  • November 23, 2011
  • 1 minute read

Shipping lines, PH terminal operators ink new crane productivity rate

The Association of International Shipping Lines (AISL) through its Port Operations Committee recently concluded an agreement with Manila-based International Container Terminal Services, Inc (ICTSI)…
  • November 22, 2011
  • 1 minute read

Poor port infrastructure, congestion dog carriers in the Philippines

Congestion, inefficient port operations, fragmented port and poor road systems are major problems for international shipping lines calling the Philippines, according to an official…
  • November 22, 2011
  • 1 minute read

PH shipbuilding has bright prospects — Marina

The Philippine Maritime Industry Authority (Marina) sees huge opportunities for the shipbuilding and ship repair (SBSR) industry due to the country’s growing demand for…
  • November 22, 2011
  • 1 minute read

Value of international boxships plunges

Global container lines are seeing the value of their fleets nosedive over the last year as the oversupply of ships has pushed down freight…
  • November 21, 2011
  • 1 minute read

Trans-Pacific carriers poised to apply $400 rate hike

The 15 carrier-strong Transpacific Stabilization Agreement (TSA) aims to raise freight rates on the Asia-U.S. loop by $400 for every 40-foot container starting January…
  • November 16, 2011
  • 1 minute read

Container ships realign Asia-Mexico/South America route

Five box lines that run three joint services between Asia, Mexico, and the West Coast of South America will temporarily reduce these services to…
  • November 16, 2011
  • 1 minute read

“K” Line launches weekly Kwangyang/Kaohsiung-West India service

Kawasaki Kisen Kaisha (“K” Line) said it will begin a weekly Kwangyang/Kaohsiung–West India Express (FIX) service from November 30, 2011 to enhance its West…
  • November 16, 2011
  • 1 minute read

OOCL wins ‘Ship Operator of the Year’ at Lloyd’s List Awards, Asia 2011

OOCL has been awarded the ‘Ship Operator of the Year’ at the Lloyd’s List Awards, Asia 2011 presentation ceremony held on October 26, 2011…
  • November 16, 2011
  • 2 minute read

Container schedule reliability climbs to 63% in third quarter

Container service reliability improved for the second quarter in a row during the third quarter of 2011, according to the latest report from shipping…
  • November 14, 2011
  • 1 minute read

Maersk predicts ‘negative result’ for 2011 after 3Q drop

A.P. Moller-Maersk said net profits for the third quarter of 2011 were lower than forecast and predicts a profit loss for the full year…
  • November 11, 2011
  • 1 minute read

More Philippine vessel registration reported in first half

THE number of Philippine ships increased in the first half of the year, but much of the growth was powered by wooden-hull vessels or…
  • November 9, 2011
  • 2 minute read

Asia-Europe carriers incurring record loss for every container

Shipping lines lose a record US$141 for every container they ferry to Europe from Asia because of high fuel surcharges, said a report from…
  • November 7, 2011
  • 1 minute read