South Korea’s Samsung Heavy Industries has dropped contracts for the delivery of three ultra-large container ships ordered by Zim Integrated Shipping Services. The contracts…
Singapore cautiously upbeat about shipping in 2014
As the global economy makes small strides toward improvement, Singapore’s Minister of Transport Lui Tuck Yew said the government is optimistic about shipping prospects…
Rate hikes on Asia-Europe trade after CNY unlikely to stick
As box carriers recently announced plans to raise freight rates, a freight and commodity trade broker warned that general rate hikes after the Chinese…
Japanese carriers gain from bulk cargo, lose from box lines
Japan-based Mitsui O.S.K. Lines (MOL), Nippon Yusen Kaisha (NYK), and Kawasaki Kisen Kaisha (“K” Line) have released official reports on their financial performance for…
Box lines plan March rate hikes for Far East routes
German box ship liner Hapag-Lloyd will increase freight rates for all cargoes and container types on the East Asia-North Europe trade lane westbound and…
Evergreen names 2 newest 8,452-TEU ships Lively and Lenient
Taiwan’s Evergreen Line recently held naming ceremonies for its two newest L-type container vessels, each with a capacity of 8,452 TEUs (20-foot-equivalent units), in…
PH carriers ask for basis of domestic cranage rates
PHILIPPINE shipping lines and other industry stakeholders are asking the Philippine Ports Authority (PPA) and the National Economic and Development Authority (NEDA) how…
PH customs to amend rules on e-manifest submission for ocean shipments
THE Philippine Bureau of Customs (BOC) will amend guidelines on the submission of electronic manifest (e-manifest) on ocean shipments. Under the draft memorandum order,…
TSA plans revenue push with rate hikes in January, March and May
The Transpacific Stabilization Agreement (TSA) will recommend a January general rate increase (GRI) on the Asia-U.S trade lane to its 15 member-lines, even as…
Improved year predicted for PH shipping, logistics
A recovery for the Philippine shipping industry may be in the cards this year, according to Edgar Milla, president of the Association of International…
Orient Overseas Container Line (OOCL) reported a 10 percent hike in container volumes to 1.39 million TEUs (20-foot-equivalent units) in the fourth quarter of…
Hapag-Lloyd, CSAV closer to forming fourth largest box ship line
Germany’s Hapag-Lloyd and Chilean carrier Compania Sud Americana de Vapores (CSAV) stepped up efforts toward a merger with the signing of a nonbinding memorandum…
Ship operating costs in 2014 to rise on new laws, improving markets
Ship owners and operators managed to keep operating costs minimal last year, but operational expenses are expected to be much higher in 2014, predicts…
China Shipping Container Lines (CSCL) is gunning to own the biggest container ships in the world with a recent order for five 19,000-TEU (20-foot-equivalent…
FMC seeks more info on G6 expansion, extends review period
The U.S. Federal Maritime Commission (FMC) has requested additional information from the members of the G6 Alliance on their plan to extend their cooperation…
Mitsui O.S.K. Lines (MOL) has revamped its Asian middle-management team, announcing relocations for some of its country directors. “To be a true global player…
