OOIL net profit down 38% from lower freight rates on east-west trade
Orient Overseas (International) Limited (OOIL) announced a profit after tax of US$175 million for the first six months ended June 30, 2011, down $105.3…
August 10, 2011
2 minute read
Legal woes seen with ro-ro project cancellation
THE Aquino administration is prepared to go through international litigation with its decision to junk the roll on-roll off port project approved by the…
August 8, 2011
2 minute read
Philippine Customs may revise transshipment rules
THE Philippine Bureau of Customs (BOC) is looking at whether there is legal basis to require transshipment cargoes to be entered eventually under consumption…
August 8, 2011
1 minute read
Hapag-Lloyd adds peak-season string to northeast Asia-East Coast Australia loop
To meet the seasonal peak for southbound volumes into Australia, Hapag-Lloyd announced the addition of a third string to enhance its existing two-loop system…
August 8, 2011
1 minute read
APL posts 94 percent on-time record in trans-Pacific
Container shipping line APL said its on-time performance in the trans-Pacific trade was 94 percent for the first half of 2011. In its midyear…
August 8, 2011
1 minute read
PH Shippers want underguarding as alternative to GPS seals
THE private sector is urging the Bureau of Customs (BOC) to retain underguarding or the use of the General Transportation Surety Bond (GTSB) when…
August 3, 2011
2 minute read
TSA resets peak season surcharges on Asia-US loop to August 15
Following a two-month postponement, the Transpacific Stabilization Agreement (TSA) is set to impose peak season surcharges from August 15. The TSA said there are…
August 3, 2011
1 minute read
Hutchison says mega box ships a boon to port operations
Hutchinson Port Holdings said the trend among leading carriers to build larger container ships is a positive development for port businesses. The Singapore-listed global…
August 3, 2011
1 minute read
CSAV, CMA CGM launch joint Asia-West Africa weekly service
Recognizing the burgeoning trade between Asia and West Africa, CMA CGM and CSAV have struck a new vessel-sharing pact to manage an Asia-West Africa…
An almost record-breaking rate of Arctic ice melt has opened shipping lanes for cargo traffic between Europe and Asia, Russia’s environmental agency has reported.…
August 3, 2011
2 minute read
Evergreen and MOL in slot-charter deal linking Asia and southeast Africa
Evergreen Line has announced a slot-charter agreement with Mitsui O.S.K. Lines (MOL) that will link Asia to southeast Africa. The weekly service, called MZX…
August 3, 2011
1 minute read
MSC, Zim apply peak season surcharges on Asia services
Two major shipping lines have announced peak season surcharges on cargo moving from the Far East, after delaying the scheduled imposition due to an…
August 1, 2011
1 minute read
Shippers avoid Port of Jawaharlal Nehru as congestion intensifies
More shippers continue to steer clear of the Port of Jawaharlal Nehru (Nhava Sheva), as the congestion that has been plaguing the largest container…
August 1, 2011
1 minute read
GAC raises marketing presence in Europe
GAC has appointed two marketing managers to its shipping marketing team in Europe as part of efforts to strengthen its market presence in the…
July 29, 2011
1 minute read
CSAV and CMA CGM collaborate on Asia-West Africa lane
Compañía Sud Americana de Vapores (CSAV) and CMA CGM Group announced July 28 a new vessel sharing agreement to jointly operate the trade between…
July 29, 2011
1 minute read
OOCL tops survey on best schedule tools
Orient Overseas Container Line (OOCL) said it has been ranked the best in the industry in online schedule tools, according to results of a…
July 29, 2011
1 minute read
Evergreen Line introduces Kaohsiung-Cebu feeder route
Evergreen Line has announced the launch in late July of a new feeder service between Kaohsiung and Cebu. The Kaohsiung-Cebu Service (KCS) deployed a…
July 29, 2011
1 minute read
OOCL delays peak season surcharge a second time
Orient Overseas Container Line (OOCL) has reset for the second time its peak season surcharge (PSS) in the eastbound Pacific trade, moving it to…
July 25, 2011
1 minute read
OOCL dubs 2011 a ‘disappointing’ year
Orient Overseas Container Line (OOCL) said the outlook for the full year 2011 is “disappointing” despite an increase in its container volume and revenue…
July 22, 2011
2 minute read
Far East-West Africa loop upgraded to weekly service
Kawasaki Kisen Kaisha, Ltd (“K” Line) announced that the Far East-West Africa service under its joint vessel-sharing agreement with three other liners will be…
