Moody’s: Shipping industry’s profit to fall 5%-10% in 2013

The global shipping industry will be sailing in rough waters over the next 12 to 18 months, as the supply of vessels will continue…

Maersk Line names first Triple-E box ship

The first of Maersk Line’s ships in the Triple-E series, composed of the largest container vessels in the world, was yesterday named Maersk Mc-Kinney…

Hapag-Lloyd pushes up Asia freight rates

Hamburg-based Hapag-Lloyd has scheduled general rate increases from East Asia to Latin America and the Caribbean to take effect in the middle of July.…

Namsung Shipping upbeat on PH market despite low volume

KOREA-BASED Namsung Shipping Co. Ltd. is optimistic of the Philippine market, but admits freight volume in the country i still low. “At this moment,…

CSAV bolsters Galex Sling 1 rotation

Chilean carrier Compañía Sud Americana de Vapores (CSAV) has expanded its Galex Sling 1 service with direct regular calls at two ports in Asia…

OOCL, Maersk Line poise Asia trade rate hikes

From July, Hong Kong-based Orient Overseas Container Line (OOCL) and Maersk Line of Denmark will implement rate increases on their Asia network services. OOCL…

Cosco sets July rate, surcharge adjustments for Asia trade

Cosco Container Lines is poised to implement rate hikes, surcharges, and other adjustment on its Far East services effective July. A general rate increase…

MSC sets GRI, BAF for Far East-West Africa shipments

Geneva-based carrier Mediterranean Shipping Co. (MSC) has revised upward the general rate increase (GRI) it plans to levy from July on the Far East-West…

More surplus 8,000-TEU ships bound for Asia-ECSA lane

Ocean carriers’ plan to dump surplus 8,000-TEU vessels on the Asia-South America East Coast (ECSA) trade lane in July will result in overcapacity and…

PIL unveils first direct service from Manila to Long Beach

PACIFIC International Lines (PIL), a Singapore-based container carrier, will start a weekly direct service from Manila to Long Beach, California, this month. The China-Transpacific…

CMA CGM inaugurates 16,000-TEU ship Jules Verne

The 16,000-TEU box ship CMA CGM Jules Verne was officially inaugurated on June 4 by French President François Hollande in Marseille, France. The CMA…

Box ships’ price war could eventually hurt shippers—Drewry

Shippers might be the beneficiaries of the current price war among ocean container carriers, but the tumbling rates could also bring negative consequences for…

Cosco expands, Zim reshuffles Asia services

Cosco Container Lines announced the enhancement of its Far East-Southeast America service through slots on “K” Line’s Asia-Southeast America service. The “K” Line network…

Box lines to impose GRIs, fees on Far East shipments

Several container ship operators have announced plans to bolster freight rates this month and the next. Cosco Container Lines announced a rate restoration for…

BFF on Hapag-Lloyd’s Asia-North America services cut

Hapag-Lloyd announced the revision of the bunker fuel factor (BFF) for containers on the eastbound Asia-U.S. and Canada trade lane effective July 1. In…

TSA lines attempt another Asia-US rate hike in July

Member-carriers in the Transpacific Stabilization Agreement (TSA) are recommending further general rate increases (GRIs) for all shipments on the Asia-U.S. trade lane from July,…

Maritime policy expert is new MARINA administrator

An expert in maritime law and policy who spent 15 years teaching graduate studies at the World Maritime University (WMU) in Malmö, Sweden has…

Big improvements in Manila North Harbor productivity seen this year

MANILA North Harbour Port, Inc. (MNHPI) is in full swing in its development program for North Harbor, according to MNHPI chief executive Richard Barclay.…

MNHPI brings international flair to Manila North Harbor passenger terminal

A NEW passenger terminal complex undergoing finishing touches at the North Harbor in the Philippine capital Manila aptly showcases the Manila North Harbour Port…

Gothong Southern bolsters service excellence through synergy

IN Manila Port Area’s traffic, the bright yellow 20-foot steel boxes carried by large trucks in the haze offer a refreshing sight – at…