CMA CGM to impose rate hikes and surcharges in August
Despite a sector overcapacity that is pushing down freight rates, CMA CGM plans to levy peak season surcharges, rate increases, and overweight surcharges beginning…
July 22, 2011
1 minute read
ANZDA, AADA to impose peak season surcharges from August 15
The nine-carrier-strong Asia New Zealand Discussion Agreement (ANZDA) recently announced peak season surcharges of US$250 per twenty equivalent unit (TEU) and $500 per TEU…
July 20, 2011
1 minute read
PH carriers eye AFRA with consignees
PHILIPPINE shipping lines are looking to scrap the automatic fuel rate adjustment (AFRA) agreement they signed with members of a trucking association and are…
July 20, 2011
1 minute read
World Container Index to kick off in September
The World Container Index (WCI), the first Europe-based assessment of container freight rates and index production, will be launched jointly by Drewry Shipping Consultants…
July 20, 2011
2 minute read
CSAV and MSC hook up on four trade routes
CSAV and Mediterranean Shipping Company have agreed to jointly operate four trade routes to focus on ocean carrier rationalization amid overcapacity, shrinking cargo volume…
July 18, 2011
2 minute read
Maersk to raise capacity on Asia-Africa route
Maersk Line is fielding more ships on the Asia-West Africa lane to accommodate a rise in trade flows and maintain its dominant market share.…
July 18, 2011
1 minute read
VSA postpones trans-Pacific Jaguar Service
Citing reduced demand on the trans-Pacific, CMA CGM, Maersk Line, and Mediterranean Shipping have postponed the launch of their third string in their vessel-sharing…
July 15, 2011
1 minute read
Pirate attacks rise in first half of 2011
Pirate attacks on the world’s seas totaled 266 in the first six months of 2011, up from 196 incidents in the same period last…
July 15, 2011
3 minute read
Maersk nabs sustainable shipping operator award
Maersk Line announced it has won its second Sustainable Shipping Operator of the Year Award. The award, presented by Sustainable Shipping in London on…
July 13, 2011
1 minute read
Moody’s sees ‘negative’ outlook for shipping over coming 12 months
The outlook for the shipping industry over the next several months is “negative” due to continued vessel oversupply, an international credit rating agency predicts.…
July 13, 2011
2 minute read
ATS gets new CEO
PHILIPPINE company ATS Consolidated Inc (ATSCI), formerly Aboitiz Transport Systems Corp, has appointed Negros Navigation chairman Sulficio Tagud, Jr as its chief executive officer.…
July 11, 2011
1 minute read
GPS seal on Philippine transit cargoes questioned
THE Port Users Confederation (PUC), an umbrella organization of transport associations in the Philippines, recently registered reservations over a Bureau of Customs (BOC) plan…
July 11, 2011
2 minute read
Zim hikes Asia-South America East Coast trade rates
Zim Integrated Shipping Services has announced a general rate increase (GRI) in the Asia-South America East Coast trade effective August 1, 2011. The Israel-based…
July 11, 2011
1 minute read
Energy-saving design cuts ships’ wind resistance
Nippon Yusen Kabushiki Kaisha (NYK Line) and Tsuneishi Shipbuilding said they have developed a new energy-saving technology that reduces the wind resistance of a…
July 11, 2011
1 minute read
Hanjin expands China-India service
Indicating the growing interest of long-haul container shipping lines in intra-Asia trades, Hanjin Shipping announced plans to expand its China-India service from early July.…
July 8, 2011
1 minute read
Maersk joins global alliance for ocean sustainability
The A.P. Moller-Maersk Group has joined the World Ocean Council (WOC) to support global efforts on sustainable development and stewardship of the oceans through…
July 8, 2011
1 minute read
Drewry predicts big carrier losses on Asia-Europe run as overcapacity erodes rates
A London-based consulting firm has warned the container industry of “significant losses in 2011” as overcapacity fuels the continued erosion of freight rates in…
July 8, 2011
2 minute read
Falling rates force CSAV to drop Asia-Mediterranean service
The Compañía Sud Americana de Vapores (CSAV) announced on July 5 the suspension of its Asia-Mediterranean service, citing the “unfavorable economic environment” in the…
July 6, 2011
1 minute read
CMA CGM launches new Asia-Fiji-New Zealand service
France-based CMA CGM Group will launch a new service connecting Asia, Fiji Islands and New Zealand effective July 18. MA CGM said the ANZEX…
July 6, 2011
1 minute read
Hanjin launches Smartphone app
Hanjin Shipping has introduced a new Smartphone application service to provide customers information on a real-time basis. The Smartphone app was unveiled on June…
