Home » Maritime
Maritime
Maersk Line slashes capacity on Asia-Europe trade by 9%
Feb. 20 | Maersk Line, the world’s largest container shipping company, is cutting its vessel capacity on the Asia-Europe trade by 9 percent, citing the oversupply of container vessels on the lane for pushing its container freight rates to unsustainably low levels. “With...
OOCL boosts North Europe to Asia trade rates
Feb. 20 | OOCL announced on February 17 a rate hike on its North Europe to Asia service. “Currently, ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs on our North Europe to Asia Trade. Considering...
CMA CGM and Maersk Line in joint reshuffle of Asia-West Mediterranean services
Feb. 20 | CMA CGM announced on February 17 that it is reshuffling its services on the Asia-West Mediterranean trade in partnership with Maersk Line from early April 2012. Two new services will replace the MEX service currently operated by French carrier CMA CGM,...
CSAV net loss in 2011 hits $1.25 billion
Feb. 17 | Chile’s Compania Sud Americana de Vapores (CSAV) had a net loss of US$1.25 billion in 2011, down from a profit of $171 million in 2010. But CSAV, Latin America’s largest container shipping company, said that it succeeded in slashing its deficit in...
Survey shows Asian shippers dissatisfied with claims processing
Feb. 17 | Chilean shipping line CSAV garnered the top spot for overall performance in Containerisation International’s (CI) first shipper sentiment poll for Asia, reported IFW, its sister publication. The Asia poll followed the recent launch of CI’s Europe...
CMA CGM unveils new freight rate hikes for March-May
Feb. 17 | French ocean carrier CMA CGM continues its rate restoration initiative, announcing its new freight price hikes for the Asia-U.S. and Canada trades. It also disclosed a slew of general rate increases (GRIs) for several major trades effective from March...
Direct collection of weighing fee from PH cargo owners sought
Feb. 17 | Member lines of the Philippine Liner Shipping Association (PLSA) are asking the North Harbor operator to streamline cargo weighing fee collection procedures. “What we want is for Manila North Harbour Port, Inc (MNHPI) to collect the weighing fees themselves...
Cosco announces rate adjustments effective March
Feb. 15 | General rate increase for trans-Pacific trade Cosco Container Lines would like to announce general rate increases for all shipments from Far East and Indian Subcontinent countries to the U.S. and Canada (eastbound) effective March 15, 2012. The details...
Tanjung Priok port handles its first 4,500-TEU ship
Feb. 15 | The Port of Tanjung Priok handled a ship with a capacity of more than 4,500 TEUs (20-foot equivalent units) on February 4, the first time the Indonesian state port accepted a vessel of this size. The Diadema ship of Maersk Line, with a capacity of 4,546...
