MOL to field 10 new container vessels on Asia-East Coast South America lane
Japanese shipping firm Mitsui O.S.K. Lines (MOL) said it will upgrade its Asia-East Coast South America Service (CSW) with the staggered launch of 10…
July 4, 2011
1 minute read
NOL signs contracts for 12 new ships
Neptune Orient Lines (NOL) confirmed June 27 that it has signed contracts with two Korean shipyards to build 12 new container vessels, including ten…
June 29, 2011
2 minute read
Maersk orders 10 more super ships for Asia-Europe trade
Maersk Line has signed a contract for an additional 10 Triple-E ships following an order four months ago for 10 of the same ships,…
June 29, 2011
2 minute read
ATS homing in on cargo, value-added services
PHILIPPINE company ATS Consolidated, Inc (ATSCI), formerly Aboitiz Transport System Corp, is banking on its cargo, supply chain and value-added services for growth this…
June 27, 2011
1 minute read
Capacity oversupply hounds Philippine cargo industry
OVERSUPPLY of bottoms remains a threat to the Philippine cargo industry, creating stiff competition in a very thin market, according to Magsaysay Transport and…
June 27, 2011
1 minute read
Maersk eyes penalties for no-show cargo
Maersk Line will start charging customers who renege on their booked container deliveries. The carrier will in turn pay clients for delivered containers it…
June 24, 2011
1 minute read
CKYH abandons Asia-Europe lane as spot rates drop
A container shipping alliance plans to stop its Asia-Europe trade lane service as spot rates fall steadily. The CKYH Alliance, consisting of Cosco, K…
June 24, 2011
1 minute read
Global supply chains must brace for increased attacks – report
Cyber, hacker, pirate and terrorist attacks against global supply chains will rise over the next 20 years, and firms should plan now to protect…
June 22, 2011
2 minute read
High fuel cost dampens Lorenzo Shipping prospects
THE high cost of fuel will keep growth flat this year at Philippine cargo carrier Lorenzo Shipping Corp (LSC). “It is really hard to…
June 22, 2011
2 minute read
APL wins liner owner and environment protection awards at Seatrade Asia
APL, the world’s seventh largest container shipping carrier, won the liner owner/operator and environment protection awards at the fourth Seatrade Asia Awards held June…
June 20, 2011
1 minute read
CMA CGM names new CFO
France-based CMA CGM has announced the appointment of Michel Sirat to group chief financial officer. He was appointed group CFO of the third biggest…
June 20, 2011
1 minute read
NOL invests $1.54B in new ships, vessel upgrades
Singapore carrier Neptune Orient Lines (NOL) has sent orders for ten 14,000-TEU vessels and two 9,200-TEU vessels to be built in South Korea. It…
June 20, 2011
1 minute read
Hanjin resumes Asia-Mideast service with new partner
Hanjin Shipping will renew its Far East-Middle East (FMX) service starting from early July with a new partner, Nippon Yusen Kaisha (NYK Line). The…
June 20, 2011
1 minute read
CSAV suspends service to trans-Pacific trade
The Compañía Sud Americana de Vapores (CSAV) announced June 13 the suspension of its Asiam service, which operates from India, Southeast Asia and China…
June 15, 2011
1 minute read
Shippers reminded of looming EU Customs advanced manifest rule
Maersk Line has issued a reminder to its clients that the European Customs Advanced Manifest Rule will be strictly enforced from July 1, 2011…
June 15, 2011
1 minute read
Zim hikes rates in Asia-South America East Coast trade
Zim Integrated Shipping Services will impose a general rate increase (GRI) on the Asia-South America East Coast trade starting July 1, 2011. The planned…
June 15, 2011
1 minute read
Philippine customs to require manifest from domestic carriers
THE Bureau of Customs (BOC) is asking domestic shipping lines to submit copies of their domestic inward manifest to help the agency’s anti-smuggling drive.…
June 15, 2011
1 minute read
Modular ro-ro ports project pushed
BUSINESS groups as well as the province of Albay are pushing the installation of modular roll on-roll off (ro-ro) ports despite controversies related to…
June 8, 2011
2 minute read
Customs chief gets backing of big business
THREE organizations last week threw their support to Customs commissioner Angelito Alvarez, amid reports he his on the way out for failing to curb…
June 8, 2011
2 minute read
CTAP seeks appointment of cargo examiners
IF the Bureau of Customs (BOC) turns down with finality its call for an overhaul of x-ray scanning processes at ports, the Confederation of…
