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14/05/2008 Emirates Shipping Line quits Zim deal to serve US trade lanes EMIRATES Shipping Line has confirmed that it is ending its participation in the joint Asia Gulf Express (AGX) which it operates with Israeli carrier Z... Full story >> 14/05/2008 Shenzhen container box throughput growth slows down DUE to a slowdown in US trade lanes, Shenzhen port container throughput growth experienced a slower first quarter year on year, Logistics Week reporte... Full story >> 09/05/2008 Hapag-Lloyd ends losing streak with Q1 profits HAPAG-LLOYD has posted first quarter operating earnings (underlying EBITA) of EUR 24 million (US$36.74 million), following a EUR33 million loss. ... Full story >> 09/05/2008 Evergreen named best intra-Asia shipping line EVERGREEN Marine Corp. said it had been named the Best Shipping Line-Intra Asia for the fourth year. The honour was announced on the 22... Full story >> 09/05/2008 Tianjin port first quarter box volume approaches 1.9 million TEU CONTAINER throughput of Tianjin port rose 21.3 per cent year on year to 1.899 million TEU in the first quarter of this year, Xinhua reported. <... Full story >> 09/05/2008 Fujian seaports handle 11.6 per cent more boxes in Q1 COASTAL ports in Fujian province handled 1.66 million TEU in the first quarter of this year, an increase of 11.6 per cent year on year, Xinhua reporte... Full story >> 09/05/2008 Bridge height to limit size of ships calling at Hong Kong SHIPS of the 14,000-TEU class may be the largest to call at Hong Kong's container terminals next year once a new bridge spanning the harbour is built,... Full story >> 09/05/2008 TUI's embattled Frenzel tells restive shareholders Hapag Lloyd sale is only way HAPAG-LLOYD parent TUI AG now wants to sell its container arm and is drawing up divestment papers, CEO Michael Frenzel admitted to increasing angry sh... Full story >> 06/05/2008 Evergreen profit rises only 4.9pc as bunker busts rate hike gain EVERGREEN Marine, Asia's largest container shipping line, only posted a 4.9 per cent first quarter profit increase, blaming higher fuel costs that cou... Full story >> 06/05/2008 Conferences, FEFC, CTSA, ESPMC-WITASS, increase BAF and CAF THREE inter shipping line groups - FEFC, CTSA and the ESPMC-WITASS - have increased the bunker and currency surcharges except in one case where the cu... Full story >> 06/05/2008 Is communication the key to living with port congestion? The ocean carrier blames the terminal, the terminal blames the carrier and the poor shipper is kept in the dark. This is the blame-culture that is bli... Full story >> 06/05/2008 Tianjin to build container pallet manufacturing base TIANJIN is to start building a container pallet manufacturing facility inside its Hangu Hi-tech Industrial Park in June, Logistics Week reported. Full story >> 06/05/2008 Shanghai, Chongqing, Sichuan sign customs clearance cooperation agreement CHINA'S eastern port city of Shanghai and south western city of Chongqing and Sichuan province have agreed on cooperation in providing one-stop custom... Full story >> 01/05/2008 Upper Pearl, upper Yangtze tributaries to be upgraded for cargo GUIZHOU province in southwest China will start work on waterway expansion projects on three tributary rivers of the Pearl, Xinhua reported. Full story >> 01/05/2008 Guangzhou Harbour Bureau sets up office in Nansha GUANGZHOU Harbour Bureau has set up an office in Nansha as part of its strategy to boost development of Nansha port area, Xinhua reported. Full story >> 01/05/2008 World's biggest container maker expects demand to fall this year CHINA International Marine Containers (CIMC), the world's largest container maker, forecasts that the global demand will remain flat or decline in 200... Full story >> 01/05/2008 China Cosco sees profits rise 136pc in first quarter CHINA Cosco Holdings Company Limited, a global provider of integrated shipping and logistics services, has posted a first quarter 2008 net profit attr... Full story >> 30/04/2008 UASC launches new Asia-Europe service UNITED Arab Shipping Company (UASC) is expanding presence in China with a new Asia-Europe service launched and the removal of the Shanghai representat... Full story >> 30/04/2008 Youship launches new service from south China to Europe YOUSHIP.com, Maersk's online booking system designed for small and mid-sized shippers, has announced a new service with an end-of-week cut-off from Ya... Full story >> 30/04/2008 Liner conferences overcharge on BAFs, says ESC commissioned research EUROPEAN Shippers Council (ESC) research into bunker surcharges by liner conferences are creating "growing disquiet" because they are higher than fuel... Full story >> 29/04/2008 FEFC posts impressive Q1 volume after shaky start to 2008 The Far Eastern Freight Conference (FEFC) is back on track - despite fears of a Chinese slowdown - after it saw total westbound container volume for Q... Full story >> 29/04/2008 Coscon to order mega containerships Coscon is planning to phase into its liner network 8 x 13,350TEU-capacity containerships over the next four/five years. They will most likely be deplo... Full story >> 29/04/2008 Postponed FEFC westbound freight rate hikes to start May 1 The Far Eastern Freight Conference’s (FEFC) delayed Asia to Europe trade lane freight rate increases will be implemented on May1. FEFC ... Full story >> 29/04/2008 MSC Napoli: a catalyst for change? The UK’s Marine Accident Investigation Branch (MAIB) published its eagerly awaited report this week on the structural failure of the MSC Napoli, in th... Full story >> 29/04/2008 Maersk Line expands fleet to 2 million TEU, regains some market share MAERSK Line, the container shipping arm of the AP Moller-Maersk group, is expected to expand its fleet by May 1, according to Alphaline statistics.Full story >> 29/04/2008 Japan's top three post record profits, but see flatter year ahead JAPAN's shipping giants K Line, MOL and NYK have posted record profits after a solid year of rate recovery and sustained volumes, but fear a flatter y... Full story >> 21/04/2008 China’s trade surplus down 10.9% in Q1 China’s trade surplus with the rest of the world dipped by 10.9% to USD41.4 billion in the first quarter of 2008, compared to the same period in the p... Full story >> 21/04/2008 FEFC raises eastbound rates again The Far Eastern Freight Conference (FEFC) intends to increase its tariff freight rates from Europe to the Far East again. With effect from June 1, 200... Full story >> 18/04/2008 Chengdu to start work on Asia's largest railway container centre CHENGDU of Sichuan province will start work on the Chengdu Railway Container Centre, the largest of its kind in Asia when it's completed, at the end o... Full story >> 18/04/2008 PSA Singapore Terminals to buy 79 gantry cranes from South Korea PSA Singapore Terminals (PSA) has awarded SG$160 million (US$117.8 million) contract for 79 rubber-tyre gantry cranes (RTGs) to Doosan Heavy Industrie... Full story >> 18/04/2008 Tianjin approved to set up free port-like bonded zone NORTHERN China port city Tianjin has been given green light by the Chinese government to set up an integrated bonded area in the Tianjin Binhai New Ar... Full story >> 18/04/2008 CMA CGM wins bid for Marseilles's new dry dock development CMA CGM, the world's third largest shipping company, has announced that it has been selected by the Port of Marseilles Authority as the winning bidder... Full story >> 18/04/2008 Guangdong to develop five hubs and nine regional ports THE Guangdong authority unveiled a coastal port construction plan which covers five hub ports including Guangzhou and Shenzhen and nine regional ports... Full story >> 18/04/2008 Maersk's Youship.com offers cargo bookings - and holiday prizes APM Moller Maersk's Youship.com, is offering Hong Kong customers who book cargo between now and June a chance to win trips for two to Macau every week... Full story >> 18/04/2008 Tianjin breaks records, up 22.3pc to 1.9 million TEU despite bad weather TIANJIN port saw rapid throughput growth in the first quarter of this year and set new monthly records in March although port operation was affected b... Full story >> 18/04/2008 Coscon launches Zhangjiagang-Taiwan container service COSCO Container Lines (Coscon) has launched a container service from Jiangsu's Port of Zhangjianggang to Taiwan via Japan's Ishigaki, Xinhua reported.... Full story >> 18/04/2008 HK up 7.4pc to 5.3m TEU in Q1, Singapore up 12pc to 7.12m TEU FIGURES from the Hong Kong Marine Department show the port handled 2.04 million TEU in March, an increase of 12 per cent over the 1.8 million handled ... Full story >> 15/04/2008 ELAA to change terms of reference Ocean carrier members of the European Liner Affairs Association (ELAA) have agreed to change its role from a lobby group to a trade association. Inste... Full story >> 15/04/2008 Tenth terminal 'needed by 2015' insists HK Government over industry objections THE Hong Kong Government is reviving old plans for a 10th container terminal in response to the loss of cargo to adjacent Shenzhen in mainland China, ... Full story >> 15/04/2008 Carriers contemplate rate hike as Asia-Europe trade slips CONTAINER lines are considering a May Asia-to-Europe rate hike as market conditions soften. "The market is softening. Nobody denies tha... Full story >> 15/04/2008 Beijing Olympics Work at Beijing construction sites will be suspended in the run-up to, and during, the Olympic and Paralympics Games, the municipal government announc... Full story >> 15/04/2008 India's box traffic rises 19pc at major ports in fiscal 2008 INDIA's 12 major government-owned ports have collectively registered a 19 per cent rise in container traffic this year driven by strong demand for raw... Full story >> 15/04/2008 Grand Alliance launches EU5, amends Asia/Europe services THE Grand Alliance is launching the weekly EU5 container shipping service and updating its dedicated Far East services, deploying eight 5,500-TEU ship... Full story >> 15/04/2008 World container fleet expands as deliveries of newbuildings pour in A NUMBER of leading shipping companies, most of which are based in Asia, have taken delivery of new containerships, starting with NYK which has receiv... Full story >> 15/04/2008 Carriers contemplate rate hike as Asia-Europe trade slips CONTAINER lines are considering a May Asia-to-Europe rate hike as market conditions soften. "The market is softening. Nobody denies tha... Full story >> 15/04/2008 Maersk to launch floating bunker surcharge at revised rates MAERSK Line is implementing a new global formula to calculate the floating Bunker Adjustment Factor (BAF) throughout the course of the year, which wil... Full story >> 15/04/2008 Cosco's China-EU service makes first call at Lianyungang COSCO's China/Europe service recently made its first call the eastern China's port of Lianyungang, Logistics Week reported. The Cosco N... Full story >> 15/04/2008 Cosco takes delivery of first made-in-China 10,000-TEU ship THE Cosco Oceania, the largest container vessel ever made in China, was recently delivered to Coscon in Nantong, Jiangsu province, Xinhua reported.Full story >> 15/04/2008 Felixstowe rail expansion to boost train capacity 10pc HONG KONG's Hutchison Port Holdings has started to expand its South Rail Terminal at the UK Port of Felixstowe, which is expected to boost train capac... Full story >> 09/04/2008 Colombo record: Up 11pc to 2.8 million TEU in first 10 months COLOMBO port has posted a record 2.8 million TEU container volume during the first 10 months of 2007 a year-on-year increase of 11.2 per cent, reporte... Full story >> 08/04/2008 APL‘s upward trend continues Singapore-based APL is continuing to benefit from robust growth in its intra-Asia and Far East/South Asia/Middle East trade lanes, in particular, and ... Full story >> 08/04/2008 Good news only? Reports from Taiwan this week of two Kaohsiung Harbor Bureau officials being jailed for allegedly inflating the port’s 2007 container throughput in or... Full story >> 08/04/2008 Late Chinese New Year, storms slow FEFC Asia-EU volume 6pc THE Far Eastern Freight Conference has revealed that its westbound Asia-to-Europe trade fell 6.1 per cent in February to 655,211 TEU year on year. Full story >> 08/04/2008 Plans afoot to make Shantou major south China port in 10 years SHANTOU port on the southeast coast of China is now speeding up port expansion to achieve the goal of becoming a 100 million tonne port in 10 years, X... Full story >> 03/04/2008 CSCL profit soars 274pc to US$459 million on higher rates and volumes SHANGHAI's CSCL, China's second-largest container shipping line - second only to Cosco - enjoyed a 274 per cent profit jump in 2007 to CNY3.22 billion... Full story >> 03/04/2008 Late Chinese New Year, storms slow FEFC Asia-EU volume 6pc THE Far Eastern Freight Conference has revealed that its westbound Asia-to-Europe trade fell 6.1 per cent in February to 655,211 TEU year on year. Full story >> 01/04/2008 Dalian port adds Black Sea service of MSC The Port of Dalian added a new container service as MSC made the Bohai Sea harbour the other end of its Black Sea service, Logistics Week reported.Full story >> 01/04/2008 Vietnam launches its largest box ship ever - 700 TEU VIETNAM has proudly launched its largest containership ever built by the nation from the northern port city of Haiphong. The 700-TEU ne... Full story >> 01/04/2008 Maersk appoints managers for NZ, Malaysia, Singapore, Thailand MAERSK Line has announced the appointment of new country managers for New Zealand, Malaysia, Singapore and Thailand as part of a worldwide restructuri... Full story >> 01/04/2008 Indian container exports to US drop 6pc in 2007 INDIA's containerised exports to the US dropped by six per cent in 2007 compared to 2006 owing to the US economic slowdown. This has ra... Full story >> 01/04/2008 APM Terminals, Port of Rotterdam join on R&D with global impact APM Terminals and the Port of Rotterdam have agreed to cooperate on research and development over a five-year-period to improve productivity, efficien... Full story >> 01/04/2008 CSCL launches Fuzhou-Zhangzhou-Yingkou short-sea service CHINA Shipping Container Lines (CSCL) launched a regular weekly domestic trade service from Fuzhou to Yingkou via Zhangzhou, Xinhua reported. <... Full story >> 01/04/2008 Gdynia strike threatens ICTSI's fast-growing Polish container operations A STRIKE at the Polish port of Gdynia has affected the operations of International Container Terminal Services Inc (ICTSI) in Poland. S... Full story >> 01/04/2008 Shenzhen port box volume up 3.47pc in first two months CONTAINER throughput of Shenzhen port came to 3.22 million TEU in the first two months of this year, representing for a small growth of 3.47 per cent,... Full story >> 01/04/2008 China foreign trade value up 23pc in first two months FOREIGN trade value of China grew 23 per cent year on year to US$365.93 billion in the first two months of this year, statistics of the General Admini... Full story >> 01/04/2008 Shanghai expects 10 per cent annual container growth CONTAINER throughput of Shanghai's is expected to grow 10 per cent a year until 2010, a recent China Ports Future Forum was told. China... Full story >> 01/04/2008 Maersk earnings growth shrinks, while CMA CGM's rises in 2007 THE AP Moller-Maersk group has posted a 2007 net profit of US$3.4 billion, an increase of 26 per cent compared with the previous year. ... Full story >> 26/03/2008 MSC to hike BAF boxes from Italy, Spain, France, Portugal from April 15 MEDITERRANEAN Shipping Company has announced that it will increase its bunker adjustment factor (BAF) on imports from Italy, Spain, South France and P... Full story >> 26/03/2008 Vietnam stops container terminal construction to build steel mill FORMER Vietnam National Shipping Lines (Vinalines) director Chu Quang Thu is urging the nation to build an international container shipping terminal, ... Full story >> 25/03/2008 Speculation rife over who will buy Hapag-Lloyd WITH moves afoot to publicly list German container shipping line Hapag-Lloyd as an independent company, holding company TUI AG has released a statemen... Full story >> 25/03/2008 Maersk Line slot charters to CMA CGM, restructures services MAERSK Line has entered into a slot charter agreement to provide CMA CGM container space on the transatlantic trade. The agreement cove... Full story >> 25/03/2008 Shandong Dongying to invest US$28.24 million in railway logistics centre DONGYING in Shandong province will invest CNY200 million (US$28.24 million) in building a railway logistics centre in Dongying District, the largest c... Full story >> 25/03/2008 Shandong's Port of Longkou to add 10 million tonnes capacity PORT of Longkou, which is situated in northeastern China's Shandong province, is to have six new deep-water berths in operation this year with an addi... Full story >> 25/03/2008 Hapag-Lloyd to be spun-off At a supervisory board meeting of the Hanover-headquartered tourism and shipping group Tui held today, agreement was reached on spinning off the conta... Full story >> 25/03/2008 Four Maersk services add Xiamen to port rotations MAERSK has added port of Xiamen to the port rotations of four of its weekly services, Xinhua reported. The four services include three ... Full story >> 20/03/2008 Taiwan's Yang Ming 2007 profit up 429pc, reveals plans to buy mega ships YANG Ming Marine Transport Corp has posted a net profit of TWD6.02 billion (US$196.4 million) in 2007, a 420 per cent increase from the TWD1.14 billio... Full story >> 19/03/2008 HK up 3.7pc to 3.08m TEU in February, Singapore up 12pc to 4.6m TEU while snow slows Shanghai growth FIGURES from the Hong Kong Marine Department show the port handled 3.08 million TEU in February, an increase of 9.6 per cent over the 1.5 mill... Full story >> 19/03/2008 Cosco launches Quanzhou-Manila container service COSCO will start to offer an express container service from Quanzhou, Fujian province to Manila via Hong Kong on starting March 19, Xinhua reported.Full story >> 18/03/2008 CMA CGM profit up 58pc to $966 million on 40pc revenue increase in 2007 MARSEILLES-based CMA CGM, with its units ANL, OTAL as well as last year's new acquisitions Cheng Lie Navigation and US Lines enjoyed a year-on-year 58... Full story >> 18/03/2008 TUI's Hapag Lloyd said to be seeking Hamburg Sud tie-up AFTER much talk of a union between the German transport and travel giant TUI's Hapag-Lloyd container line with Singapore's Neptune Orient Lines, eyes ... Full story >> 18/03/2008 Asia Europe container rates highest since survey began in '93 RISING demand prompted the world's shipping lines to charge more to transport containers in the last three months of 2007, according to a survey by th... Full story >> 18/03/2008 Evergreen upgrades Far East/Adriatic service with bigger ships THE 5,090-TEU Ital Laguna became the largest Evergreen containership to sail the Adriatic Sea when it called at Trieste last week. The ... Full story >> 18/03/2008 Yangtze at Chongqing to accommodate 1,000 tonners by 2010 THE waterway standard of the Chongqing-Yibin section of Yangtze River will be upgraded to the Third Grade by the year 2010 when the waterway is deep e... Full story >> 18/03/2008 Hamburg handles 9.9 million TEU, up 11.6pc after Elbe dredging THE Port of Hamburg handled 9.9 million TEU, up 11.6 per cent a record year on year increase largely credited to the dredging of the River Elbe that o... Full story >> 18/03/2008 Xinjiang to build two roads to Central Asia XINJIANG is to start construction of two new roads to Central Asia during this year. One is from Urmuqi to Kazakhstan; the other is from Kash to Islam... Full story >> 18/03/2008 China ports throughput to surpass 5.6 billion tonnes by 2010 A WELL-DEVELOPED port network will take shape in China by 2010 when Chinese ports are expected to handle 5.6 billion tonnes, Xinhua reported, quoting ... Full story >> 18/03/2008 China Railway Construction plans March 14 US$5.4 billion IPO China Railway Construction Corp is looking to raise up to US$5.4 billion from its Hong Kong and Shanghai initial public offerings in what would be the... Full story >> 18/03/2008 Kolkata container volume grows 45pc in February THE Kolkata Port Trust (KoPT) has registered a growth of 44.9 per cent in container traffic in February this year over the same period last year, hand... Full story >> 18/03/2008 Taiwan 2007 box volume up 5pc year on year at 13.7 million TEU TAIWAN's three international ports in 2007 collectively handled a total of 13.73 million TEU, an increase of 4.78 per cent compared to the previous ye... Full story >> 06/03/2008 OOCL revenue rises 22pc to US$5.6 billion, operational profit up 29pc OOCL (Orient Overseas Container Line) revenue for 2007 increased 22.6 per cent over 2006 to US$5.6 billion, it was announced a press conference yester... Full story >> 06/03/2008 Shanghai's certified 'green ships' skip inspections, win priority treatment FOREIGN vessels visiting Shanghai port can now apply to pass an assessment programme and enjoy privileges, including exemption from some ship inspecti... Full story >> 06/03/2008 Yunnan to have four railways to southeast Asia YUNNAN is speeding up construction of cross-border railways and there will be four linking it with the southeast Asian nations, said Yunnan provincial... Full story >> 06/03/2008 Chongqing files application for bonded port area status CHONGQING has presented an application to the State Council for turning Yangtze River port of Cuntan into a bonded port area, the first of its kind in... Full story >> 05/03/2008 Shanghai's expects volume hitting 30 million TEU in 2008 CONTAINER handling volume of Shanghai International Port Group (SIPG) is expected to exceed 30 million TEU this year, including nine million TEU handl... Full story >> 03/03/2008 Colombo box port likely to founder over Hong Kong-Singapore row SRI LANKA is expected to scrap a plan to develop a new container terminal at Colombo because of a row over who should be given the job - the Port of S... Full story >> 03/03/2008 Hainan's Yangpu port boosts container throughput 30pc in 2007 HAINAN's provincial Port of Yangpu lifted 110,000 TEU last year, up 30 per cent compared to the year before. The port's overall cargo t... Full story >> 03/03/2008 Maersk to revamp Far East-Middle East service loops MAERSK Line, the world's largest container shipping line by fleet size, plans to upgrade its Far East-Middle East network from April 2008, reports AXS... Full story >> 26/02/2008 UASC receives second 6,919-TEU box ship from HHI KUWAIT's United Arab Shipping Company (UASC) says it has taken delivery of the second of eight 6,919-TEU containerships ordered from South Korean ship... Full story >> 26/02/2008 DVTG launches container rail service from Finland to Russia Freight forwarder Far Eastern Transport Group (DVTG) and Finnish Railways have launched a container train service between Kotka in Finland and Tuchkov... Full story >> 26/02/2008 Far Eastern Freight Conference volume rises 4.8pc eastbound THE Far Eastern Freight Conference (FEFC), whose members reportedly control 75 per cent of Asia-Europe trade, experienced an eastbound volume increase... Full story >> 26/02/2008 Hanjin Shipping adds 6,500-TEU newbuilding to FEX SOUTH KOREA's Hanjin Shipping plans to deploy an additional 6,500-TEU vessel on its Far East Europe Express (FEX) service. The Hanjin C... Full story >> 26/02/2008 Hyundai Merchant Marine's biggest containership completes maiden voyage THE 10,062-TEU Hyundai Brave, the biggest containership of Hyundai Merchant Marine (HMM), completed its maiden voyage recently when it called in at th... Full story >> 26/02/2008 Hapag-Lloyd, Hamburg Sud leave Epic as CMA CGM goes it alone HAPAG-LLOYD and Hamburg Sud are terminating their Epic service which plies the trade between Europe, the Middle East and India, from May, after which ... Full story >> 26/02/2008 Colombo Port to be equipped with 4 new box cranes THE Sri Lankan government has given the green light for a project to raise the container handling capacity of Colombo Port to 5.7 million TEU by 2010 ... Full story >> 26/02/2008 Hong Kong airport cargo volume rises 8.9pc in January STRONG pre-holiday demand from Europe and southeast Asia helped boost Hong Kong International Airport's (HKIA) cargo throughput by 8.9 per cent to 295... Full story >> 21/02/2008 China trade surplus up 22.6pc in January CHINA Customs statistics show the country's trade surplus increased 22.6 per cent to US$19.49 billion, but it was the smallest and first monthly trade... Full story >> 21/02/2008 NYK's strong box business to boost pre-tax earnings JAPANESE shipping and transportation giant NYK is forecasting that pre-tax profit will grow by around 13 per cent in the next fiscal year, starting fr... Full story >> 20/02/2008 Hapag-Lloyd, Hamburg Sud revamp Epic as CMA CGM exits HAPAG-LLOYD and Hamburg Sud are restructuring their Epic service which plies the trade between Europe, the Middle East and India. The t... Full story >> 20/02/2008 China to build Nanjing-Hangzhou Railway THE Nanjing-Hangzhou Railway Project has won approval from the National Development and Reform Commission (NDRC) to start construction this year, Xinh... Full story >> 20/02/2008 Tianjin to invest US$195 million in suburban logistics parks TIANJIN will invest CNY1.4 billion (US$195.01 million) in logistics facilities on its outskirts including the districts of Dongli, Xiqing, Tanggu, Bei... Full story >> 20/02/2008 Sri Lanka gives go ahead to Colombo's US$19.4 million harbour enhancement scheme THE Sri Lankan cabinet has given the go-ahead on a US$19.4 million Colombo container project submitted by the Sri Lanka Port Authority (SLPA). ... Full story >> 20/02/2008 Freight rates from Indian subcontinent to Europe to rise by US$100 per TEU CONTAINER freight rates from Indian ports to key European ports will increase by US$100 per TEU from March 1, the India, Pakistan, Bangladesh and Ceyl... Full story >> 19/02/2008 Survival of the fittest in the 2008 ocean carrier jungle Just seven weeks into 2008 and the bears are still outnumbering the bulls in what has all the signs of being an extremely turbulent remaining 45 weeks... Full story >> 18/02/2008 NOL and TUI appoint advisors for possible Hapag Lloyd merger NEPTUNE Orient Lines (NOL) and TUI AG have appointed advisors for a potential merger between the Singaporean shipping line and TUI's container shippin... Full story >> 18/02/2008 'K' Line joins China/Red Sea service with Hapag Lloyd, Wan Hai JAPANESE shipping giant "K" Line says it will join the central China/Red Sea (CRS) container shipping service operated by Hapag-Lloyd and Wan Hai Line... Full story >> 12/02/2008 Hanjin Shipping profit plunges 66pc in 2007 SOUTH KOREA's largest shipping company, Hanjin, suffered a 66.4 per cent fall in profit to 145.7 billion won (US$154.5 million) in 2007 compared to 46... Full story >> 12/02/2008 Maersk drops dollar to denominate Europe-to-Oceania trades in euros MAERSK Line will abandon the dollar April 1 for the euro as the currency in which company will denominate tariffs in trades from Europe and North Afri... Full story >> 12/02/2008 Suzhou leads Jiangsu ports in cargo handling volume SUZHOU kept as the leading port in Jiangsu province with its cargo volume in 2007 reaching record high of 184 million tonnes, an increase of 21.8 per ... Full story >> 12/02/2008 Maersk and Evergreen to exchange Europe/Far East slots The move by Maersk Line and Evergreen Line to enter into a modest slot exchange agreement on the Europe/Far East trade may be considered highly unusua... Full story >> 12/02/2008 Evergreen and Maersk enter into slot swap deal on Asia-Europe trade MAERSK LINE and Evergreen have agreed to exchange slots on two services in the Asia-Europe trade starting next month, according to statements from the... Full story >> 05/02/2008 Indian ports need investment and congestion-coping strategy: study GROWTH in container port demand has accelerated in south Asia and the Middle East in recent years, driven by strong oil prices, India's deregulation a... Full story >> 05/02/2008 Maersk Line to start new intra-Asia service MAERSK Line, a member of the AP Moller-Maersk Group, is launching a new intra-Asia service, the IA-3 that will link the ports of Kaohsiung, Xiamen and... Full story >> 04/02/2008 China beats Japan in 2007 as Korea's biggest source of imports CHINA became the No 1 source of imports for South Korea in 2007, surpassing Japan for the first time, Logistics Week reported. Accordin... Full story >> 31/01/2008 Ningbo export container sales surge 64.8pc in 2007 Ningbo's container sales exports in 2007 surged 64.8 per cent over the year before to 226,500 TEU with a 69.5 per cent higher value of US$614 million,... Full story >> 29/01/2008 Pearl River Delta ports cluster taking shape in Guangdong A PORTS cluster mainly of Pearl River Delta harbours has been taking shape as Guangdong province accelerates port and waterway construction in recent ... Full story >> 29/01/2008 BIFA gives FEFC congestion u-turn a cautious welcome The British International Freight Association (BIFA) has given a ‘cautious welcome’ to the Far Eastern Freight Conference’s (FEFC) decision to suspend... Full story >> 29/01/2008 DHL deploys world's wind-propelled ocean-going cargo ship DHL Global Forwarding has announced that the world's first cargo vessel, the Beluga SkySails, to be equipped with the SkySails towing kite, has been d... Full story >> 29/01/2008 Maersk brings in 'fair, simple, transparent' way to gauge BAF Maersk Line, the world's largest container carrier, is introducing a new way to calculate a floating Bunker Adjustment Factor (BAF) - and you can do i... Full story >> 23/01/2008 Shenzhen retains No 4 box port spot behind Singapore, Shanghai, Hong Kong SHENZHEN retained its position in the world as the fourth largest container port behind Singapore, Shanghai and Hong Kong, as it posted a record break... Full story >> 22/01/2008 OOCL stops using pre-1990 trucks at Long Beach ahead of port ban ORIENT Overseas Container Line (OOCL) has decided to comply early with Long Beach's upcoming ban on the use of diesel-powered trucks in the port built... Full story >> 22/01/2008 Construction to start on Black Sea container port at Varna this year BULGARIA's Transport and Communications Ministry is to pave the way for the construction of a new EUR90 million (US$131 million) container terminal at... Full story >> 22/01/2008 MSC's Asia-Black Sea service adds Qingdao to rotation MEDITERRANEAN Shipping Company's (MSC) Tiger Service between Asia and Black Sea region recently made its debut in the Port of Qingdao's China Merchant... Full story >> 22/01/2008 Port of Qingdao container volume exceeds 9.4 million TEU PORT of Qingdao lifted a total of 9.4 million tons of TEU in 2007, Logistics Week reported. Overall tonnage of the port rose 18.2 per c... Full story >> 21/01/2008 Maersk rejuvenates ‘Youship’ – web booking system In an endeavour to reduce the complexity of its self-criticised booking system, Maersk Line has resurrected the ‘Youship’ web system - pioneered by P&... Full story >> 21/01/2008 Singapore still world's top box port, ahead of Shanghai, Hong Kong SINGAPORE handled a total of 27.9 million TEU last year, an increase of 12.7 per cent over its 2006 throughput of 24.8 million TEU, according to figur... Full story >> 17/01/2008 North Europe container volume posts double-digit growth in 2007 ROTTERDAM is the first port in Europe to pass the 10-million-TEU a year mark, port authorities claim. In a year of double-digit growth ... Full story >> 16/01/2008 China ports post 20pc increase in container volume in 2007 CHINESE Minister of Communications Li Shenglin said container throughput of mainland's ports rose 20.4 per cent year on year to 112.7 million TEU and ... Full story >> 16/01/2008 Guangzhou volume exceeds 9.2 million TEU in 2007 THE Port of Guangzhou handled more than 9.2 million TEU in 2007, making it the fifth largest port in China, Xinhua reported. The port's... Full story >> 16/01/2008 Shanghai's trade value up 21pc to US$521 billion in 2007 SHANGHAI Customs recorded a trade value of US$520.9 billion in 2007, up 21.4 per cent compared to 2006, taking up 25 per cent of China's total, accord... Full story >> 16/01/2008 Malaysia's PTP posts 14.5pc increase in TEU volume in 2007 MALAYSIA's Port of Tanjung Pelepas (PTP), the nation's largest container terminal, handled 5.5 million TEU in 2007, an increase of 14.5 per cent over ... Full story >> 15/01/2008 Transport analysts see China as controlling global shipping routes CHINA's buying spree may bring about its global control of shipping lanes, says a report from Fusion Consulting, a business intelligence firm with off... Full story >> 15/01/2008 China Customs goes digital, starts electronic clearance system CHINA customs and the state quality supervision administration unit has started nationwide a "no paper" digital customs system. Under t... Full story >> 15/01/2008 Evergreen renews berth contract at the Port of Kaohsiung EVERGREEN Marine has renewed the contract to lease its berths at Taiwan's Port of Kaohsiung, effective from March 1 until February 2018. ... Full story >> 15/01/2008 PSA Singapore tops self in 2007, up 13pc to 27.1 million TEU PSA Singapore Terminals (PSA) has announced that its container throughput for 2007 rose by 13 per cent over the previous year's total to a record 27.1... Full story >> 15/01/2008 Singapore sets container volume record of 27.9 million TEU in 2007 SINGAPORE is hailing 2007 as its bonanza year after achieving record highs in container throughput, vessel arrivals, bunker sales and ship registratio... Full story >> 15/01/2008 24 shipping lines open website to tell people the container story TOP container shipping companies have come together to launch the Container Shipping Information Service (CSIS), a website designed to raise global pu... Full story >> 11/01/2008 Work on new Mumbai Port Trust terminal to begin by March MUMBAI Port Trust has begun the year with a plan to start construction work by March on its INR1.2 billion (US$30.5 million) offshore container termin... Full story >> 11/01/2008 Cosco's annual ocean volume surpasses 400 million tons BY the end of December, Cosco Group's cumulative ocean cargo volume in 2007 reached a record of 400.28 million tons, which is also the largest annual ... Full story >> 11/01/2008 Middle managers hit hard in mass Maersk layoffs - 2,000-3,000 to go MAERSK Line, the world\'s biggest carrier by fleet size and part of the AP Moller-Maersk Group, will lay off 2,000 and 3,000 by April - mostly middle ... Full story >> 11/01/2008 Shenzhen's CCT volume up 14pc to 5.7 million TEU in 2007 CHIWAN Container Terminals (CCT) in Shenzhen handled 5.73 million TEU in 2007, an increase of 14.4 per cent, or 720,000 TEU over 2006. ... Full story >> 09/01/2008 OOCL names latest 4,578-TEU containership, the OOCL Busan ORIENT Overseas Container Line (OOCL), a wholly owned subsidiary of Hong Kong-listed OOIL, has christened the fourth 4,578-TEU newbuilding in a series... Full story >> 09/01/2008 NYK chief orders ships to slow down 10pc to retain profitability NYK PRESIDENT Koji Miyahara told the company in his 2008 New Year's message that his 740 ships must cut speed 10 per cent to save on fuel costs if the... Full story >> 08/01/2008 Are container vessels becoming too reliant on GPS technology or are crew being pushed too hard? The grounding of the LT Cortesia this week in the UK’s Dover Strait has highlighted the increased risk of maritime casualties stemming from the phenom... Full story >> 08/01/2008 Dalian port adds 12 berths with 1.4 million tons capacity in 2007 DALIAN port added 12 new berths with capacity of 1.4 million tons in 2007, Xinhua reported. The northeast coastal port invested CNY7 bi... Full story >> 08/01/2008 Tianjin port cargo throughput surpasses 300 million tons PORT of Tianjin's cumulative throughput in 2007 exceeded 300 million tons on December 18, three years ahead of the port's target. Tianj... Full story >> 08/01/2008 FEFC westbound container volume up 19pc in November THE Far Eastern Freight Conference (FEFC) has said its member shipping lines had increased volume 19.4 per cent on westbound Asia-Europe/Med routes in... Full story >> 08/01/2008 Shenzhen's SCT volume up 28pc, hits record-breaking 3.31 million TEU in '07 Following a record-breaking four consecutive months from July to October, Shekou Container Terminal (SCT) set a new high in December, hitting 3.31 mil... Full story >> 08/01/2008 Shanghai's 2007 box throughput grows 20pc to 26 million TEU SHANGHAI port's 2007 container throughput rose by 20.4 per cent to reach 26.15 million TEU, the Shanghai Port and Shipping Bureau reported. Full story >> 08/01/2008 New World carriers to deploy another ship on Asia-Europe routes THE New World Alliance (TNWA) shipping lines - APL, Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL) - say they plan to deploy nine ships inst... Full story >> 02/01/2008 COSCON expansion unstoppable with further 20-box ship order COSCON, part of Hong Kong-listed COSCO Holdings Ltd, is to splash out USD1.36 billion on an order for 20 container ships from China’s Yangzijiang Ship... Full story >> 02/01/2008 NWA to implement nine-ship FE/North Europe strings The New World Alliance (NWA) is following Maersk Line, CMA CGM and the Grand Alliance in adding more vessels to its Far East/northern Europe service s... Full story >> 02/01/2008 Shenzhen-Macau container line launched to beat Hong Kong costs The first direct container shipping line between Macau and Shenzhen has been launched, Logistics Week reported. Macau Container Termina... Full story >> 02/01/2008 Hamburg container volume up 12 per cent in first 11 months THE Port of Hamburg's first 11 months' container throughput stood at 9.1 million TEU, a year-on-year increase of 12.7 per cent, reported Seanews. Full story >> 02/01/2008 China foreign trade value rises 23.6pc in first 11 months CUSTOMS statistics show China's foreign trade value rose to US$1.97 trillion in the first 11 months in 2007, up 23.6 per cent year on year. Full story >> 02/01/2008 UASC starts to build its sixth high-speed containership THE United Arab Shipping Company (UASC) has announced the commencement of construction of its six high-speed containership Jazan as part of an order f... Full story >> 02/01/2008 Shenzhen Dachan Bay Terminal One opens with two new berths THE first phase of Dachan Bay container terminal in Shenzhen opened to vessels on December 21 with the inauguration of two new berths. ... Full story >> 02/01/2008 Shanghai's volume up 20.5pc in first 11 months to 23.9 million TEU FROM January to November, the Port of Shanghai handled 23.9 million TEU, up 20.5 per cent over the same period last year, Logistics Week reported. Full story >> 02/01/2008 Ningbo-Zhoushan up 32pc in first 11 months to 8.6 million TEU NINGBO-ZHOUSHAN port handled 8.60 million TEU in the first 11 months of 2007, a strong growth of 32.1 per cent year on year, Xinhua reported. <... Full story >> 02/01/2008 Yangzijiang to build 20 containerships for Cosco Container Lines SINGAPORE-listed Yangzijiang Shipbuilding has won a US$1.4 billion contract in the largest deal the China-based shipbuilder has received this year fro... Full story >> 02/01/2008 Tianjin Dongjiang Bonded Port Area passes pre-opening inspection Tianjin Dongjiang Bonded Area's first phase facility has been completed and passed an inspection of the central government, meaning the facility is ab... Full story >> 02/01/2008 Chongqing Zhongxian to build 10,000 tonne river port THE authorities of Zhongxian in Chongqing city said they have signed a co-operation agreement with Chongqing Port Logistics Group and Wanzhou Port Gro... Full story >> 02/01/2008 Haikou airport cargo mail throughput reaches 100,000 tons HAIKOU Meilan International Airport handled record cargo mail volume in 2007 with the figure surpassing the 100,000-tonne mark by mid-December, Xinhua... Full story >> 02/01/2008 Vietnam starts large scale container manufacturing VIETNAM has kick-started its export business with the opening of its first container manufacturing plant - the second biggest of its kind in southeast... Full story >> 02/01/2008 Fuzhou container throughput up 18 pc in first 10 months From January to October, south eastern port of Fuzhou handled 981,000 TEU, 18 per cent more than the comparable period in 2006, Xinhua reported. ... Full story >> 02/01/2008 Yangtze River Delta to build intercity rail to connect urban and rural areas ways VICE Chinese Minister of Railways Lu Dongfu has divulged that the plan to build an intercity railway network in the Yangtze River Delta region has rec... Full story >> 02/01/2008 FEFC readies shippers for another rate increase in April FEFC readies shippers for another rate increase in April THE Far Eastern Freight Conference (FEFC) has said its members lines are prep... Full story >> 02/01/2008 Shenzhen's SCT sets new record for box handling on CSCL ship SHEKOU Container Terminal (SCT) set a new container handling record on December 12 by moving the largest ever number of boxes from and to a single shi... Full story >> 02/01/2008 HK volume up 1.6pc in first 11 months, but fell 2.4pc in November FIGURES from the Hong Kong Marine Department show the container port handled 1.97 million TEU last month, down 2.3 per cent against 2.01 million TEU m... Full story >>