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Vietnam orders foreign box lines to publicize fees

Vietnam orders foreign box lines to publicize fees

Mar. 24 | Global container carriers calling Vietnam will have to publicize freight charges and surcharges as well as port service charges from July 1, 2017. This is in line with the Vietnamese government’s Decree No. 146/2016/ND-CP, issued November 2 last year,...

PH carriers, Marina fight exemption of transport from Public Service Act

PH carriers, Marina fight exemption of transport from Public Service Act

Mar. 22 | The Maritime Industry Authority (Marina) and shipping operators in the Philippines are opposing bills that propose to exempt transportation services from being a public utility, in the process effectively allowing 100% foreign ownership in the industry. Six...

Global sulfur cap among Asian shipowners’ biggest worries

Global sulfur cap among Asian shipowners’ biggest worries

Mar. 22 | Fair competition, anti-trust immunity, and the global sulfur cap are some of the most pressing concerns of Asian shipowners for this year, according to the Association of Shipowners’ Association (ASA). At the meeting of the ASA Shipping Economics Review...

Hyundai Merchant officially joins 2M

Hyundai Merchant officially joins 2M

Mar. 21 | South Korean shipping line Hyundai Merchant Marine (HMM) said it has signed a deal for a strategic cooperation with 2M Alliance, paving the way for the company to better compete with rivals. HMM recently signed the agreement called “2M+H Strategic...

IMO approves plan to make Tubbataha Reefs off-limits to ships

IMO approves plan to make Tubbataha Reefs off-limits to ships

Mar. 20 | Photo from http://tubbatahareef.org/wp/global_ecological_significance The Philippines’ proposal to have the Tubbataha Reefs Natural Park (TRNP) in the Sulu Sea established as an “area to be avoided”(ATBA) by shipping vessels—a move to protect...

Hapag-Lloyd, UASC merger delayed, no impact on THE Alliance

Hapag-Lloyd, UASC merger delayed, no impact on THE Alliance

Mar. 20 | German box carrier Hapag-Lloyd announced that its merger with United Arab Shipping Company (UASC) will be postponed by two months, but assured that the transaction is ongoing and that the April launch of THE Alliance, of which it is a member, won’t...

THE Alliance announces starting dates for Europe-Asia trade services

THE Alliance announces starting dates for Europe-Asia trade services

Mar. 20 | The shipping consortium THE Alliance has disclosed the starting dates of its new Europe-Asia shipping service, which will be launched next month. Under the alliance’s North Continent Services, the schedule of maiden voyages is as follows: FE1 (Far...

China-Europe maritime contract rates up 64%

China-Europe maritime contract rates up 64%

Mar. 17 | As the shipping environment appears to grow more conducive, negotiated contract rates for the China-North Europe corridor for mid-June 2017 have gone up by more than 64% year-on-year, but market uncertainties still prevail, according to a freight rate...

Hapag-Lloyd revamps Asia-Latin America service

Hapag-Lloyd revamps Asia-Latin America service

Mar. 17 | German container liner Hapag-Lloyd announced some changes to its services between Asia and the West Coast of Latin America effective March 25, 2017 following the termination of its Asia-Mexico Express 2 Service (AME2). The AME2 will be discontinued from...

OOCL dives to deep loss in 2016, pins hopes on Ocean Alliance

OOCL dives to deep loss in 2016, pins hopes on Ocean Alliance

Mar. 15 | Orient Overseas (International) Limited (OOIL), the Hong Kong-listed parent of container line OOCL, announced a loss for 2016 of US$219.2 million compared to a profit of $283.9 million in 2015, as it navigated an operating environment it said was “extremely...
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