Container Shipping Line
Container shipping lines operating on the Atlantic will reportedly start imposing surcharges to reflect rising bunker fuel costs. A bunker adjustment factor of $21 per 20 ft container and $42 per 40/45 ft container for traffic to and from U.S. Atlantic/Gulf coast ports will be added from October 13, the Trans-Atlantic Conference Agreement (TACA) said. Meanwhile, container shipping lines in the North Europe - Asia eastbound management agreement (EMA) will raise freight rates beginning Oct. 1, a result of improving business. The carriers have confirmed a $200 per container across the board increase.
Container shipping line members of the Grand Alliance reportedly will improve their service between North Asia and the U.S.
Starting next year, the price to ship a container across the Atlantic ocean is to soar, as container shipping lines on the Atlantic will be seeking hefty rate increases s next year. Rates for 20 foot containers heading westbound to U.S. Atlantic, Gulf and Pacific ports would rise by $600 from January 1, 2000, carriers in the Trans-Atlantic Conference Agreement (TACA) said. For 40 and 45 ft units the increase would be $750, they said
A sharp contraction in world trade has idled more than 200 container ships, threatening the survival of many companies, according to The Journal of Commerce. "The slump in container shipping appears certain to extend into 2010 or beyond. Some companies won't survive," said Joseph Bonney, editor-in-chief of The Journal of Commerce. Carriers operating from Asia to Europe, the world's busiest container trade route, are expected to lose up to $5b this year
On Monday, 03 August 2009, the first containers that were brought from Berlin to the Port of Hamburg via the new Elbe-Spree inland waterway were unloaded. The line operated by the Berlin Hafen- und Lagerhaus AG in cooperation with Konrad Zippel Spediteur GmbH from Hamburg will now be used for transports from City-GVZ Berlin Westhafen to the Hamburg container terminals and vice versa every week. The inland water vessel MS Shir Khan has a transport capacity of 54 TEUs (standard
Q4 net profit falls to $936 mln vs $808 mln forecast; Company will issue bonus shares. Danish shipping and oil group A.P. Moller-Maersk said 2013 net profit fell less than expected thanks to higher earnings at container shipping business Maersk Line. Fourth-quarter net profit fell to $936 million, Maersk said on Thursday, beating the average forecast of $808 million in a Reuters poll of analysts. Underlying group net profit this year is expected to be in line with 2013's figure of $3
Maersk Line signed a contract with 's Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build 10 of what the company terms as the world's largest and most efficient vessels, with an option for an additional 20 vessels. Scheduled for delivery between 2013 and 2015, they will entirely change the shipping industry's understanding of size and efficiency. Called the 'Triple-E' class for the three main purposes behind their creation -- Economy of scale
NOL Group confirmed it has signed contracts with Korea's Daewoo Shipbuilding & Marine Engineering Co. and Hyundai Samho Heavy Industries Co., Ltd to build 12 new container vessels, including ten of its largest vessels. The confirmation follows the Group’s announcement on June 15 that it had signed letters of intent with both shipyards for its $1.54 billion newbuild program. The signed contracts are for:
GPMH (Grand Port Maritime du Havre) has decided to freeze harbor dues for containerships, for the third consecutive year. This decision underlines GPMH’s will to offer its customers, the shipowners, an attractive pricing policy, in a hard economic environment. An attractive pricing policy for the third year running in 2012 The decision to freeze harbour dues for containers in 2012 is made after two successive freezes in 2010 and 2011
Abu Dhabi Ports Company (ADPC) has signed a ten year agreement with Emirates Aluminium (EMAL), to handle the export logistics of finished aluminium products from EMAL’s production site. The volume of exported metal will grow gradually from 600,000 metric tonnes in 2014 to 750,000 in 2015 onwards. The signed agreement covers all of the handling operations and transport logistics for the finished products from EMAL’s site to the container freight station and export terminal at
The container terminal at India's largest port of Nhava Sheva, also known as Jawajarlal Nehru Port near Mumbai, will be partially shut down for six weeks from the beginning of March to install new harbor cranes. The work in expected to impact normal operating conditions alongside the main
Accroding to a statement issued on behalf of the A.P.Moller-Maersk Group, container vessel Svendborg Maersk lost a significant number of containers overboard during very rough weather in the Bay of Biscay. On Friday, February 14, the container vessel Svendborg Maersk encountered very rough
Troy Container Line Ltd., one of the largest American-owned NVOCCs, today announced the promotion of Leeanne O’Reilly to Export Supervisor at Troy Container Line. Based in the company’s Red Bank, N.J. office, O’Reilly will oversee the unification of the FCL and LCL Export
By Julie Gordon, Reuters Unionized container truck drivers set up picket lines at Canada's largest port on Monday, joining hundreds of non-unionized workers who walked off the job last month in a dispute over pay and services. Workers represented by Canada's largest private sector union
The fire-fighting teams aboard the 'Maersk Kampala' have succeeded in putting out the fire aboard the container ship say the owners. Some smoke continues to come from containers that had been on fire, but it is considered that this will stop eventually with continued spraying by the tugs and
NVOCC Expands Presence in South Atlantic Market; Adds Ninth New Service in 2013. Troy Container Line, one of the world’s largest American-owned NVOCCs, has announced the launch of new, direct services from Atlanta to Hong Kong and Singapore
GAC Sri Lanka has been appointed as the sole authorised agent for multimodal transport operator Sarjak Container lines Pvt (Ltd), handling all their shipping and Non-Vessel Operating Common Carrier (NVOCC) activities in the country. Sarjak specialises in the door-to-door transportation of
Troy Container Line Ltd., an American-owned NVOCC, announced the appointment of Paul Keany as sales representative. Based in the company’s Red Bank, N.J. office, Keany has been charged with expanding Troy Container Line’s long-standing tradition of personalized service and care in New
The Port of Seattle says it will welcome Pacific International Lines (PIL) to its harbor in February. PIL’s new Asia Pacific Northwest Service (ANW) will call Terminal 30 in partnership with China Shipping Container Lines’ (CSCL) and United Arab Shipping Company’s (UASC)
The CMA CGM Group announced a new cooperation setup with current partner Maersk Line, APL and OOCL on three existing Far East to Indian Subcontinent services (CIMEX 2/FM3, CIX, CIX3), starting in February 2014. In a Slot Sharing Agreement that also includes partners as Emirates Shipping Line
China's first 10,000 TEU container ship with independent intellectual property rights has been delivered from Dalian Shipbuilding Industry Co (DSIC) in Dalian, Northeast China's Liaoning province, reports Xinhua. This ship was built for China Shipping Container Lines and is capable of carrying
Hyundai Heavy Industries (HHI) say they have begun building the first of five 19,000 TEU container ships for China Shipping Container Lines (Hong Kong). HHI explain that the shipowner upgraded the original order for five 18,400 TEU containerships to ones capable of delivering 600
Troy Container Line has announced an improved express service from Genoa, Italy to New York. Along with its partner Combi Line International Spa, the companies will now offer a 10-day transit from Genoa in addition to pick-ups throughout Italy
Yesterday, New Jersey Governor Chris Christie signed S2747/A4170 into law. This legislation, which received unanimous bipartisan support from the entire legislature, will eliminate the Port of New York & New Jersey (PANYNJ) cargo facility fee.
Having recently announced improved Genoa to New York import service, Troy Container Line, one of the world’s largest American-owned NVOCCs, continues to meet the demand from this European market with its direct LCL import services from Naples, Italy to New York.