Mitsui O.S.K. Lines (MOL) announced launch of the new China/West Coast India service (CIS). This new service is in addition to MOL’s existing Nhava Sheva Karachi Express (NKX) service which together will enhance coverage between ports in India and China, Singapore, Malaysia and Sri Lanka. Port Rotation (Turn Around: 42 days) Qingdao – Shanghai – Ningbo – Shekou – Singapore – Port Kelang – Nhava Sheva (JNPCT) – Mundra – Colombo – Penang – Port Kelang – Hong Kong – Qingdao Commencement: West Bound: MV WAN HAI 507 ETA Qingdao February 27, 2016 East Bound: MV WAN HAI 507 ETA Nhava Sheva March 16, 2016 Vessel Deployment: 4,000 - 4,500 TEU container vessels, total six vessels
Orient Overseas Container Line (OOCL) and Wan Hai Lines Ltd. will reportedly operate a joint direct container shipping service directly between North China and the Middle East.
Taiwan's Evergreen Marine forged an alliance with three local counterparts on Friday to bid jointly for a container port project in Taipei Harbor. Evergreen Marine, Yang Ming Marine Transport Corp., Wan Hai Lines and Evergreen Transport said in a joint statement they would set up the Taipei Port Consortium to issue the bid. Evergreen Marine and Evergreen Transport, members of the giant Evergreen transportation conglomerate, would own a combined 50 percent of the new company
In view of the development of intra-Asia waterborne trade, Evergreen Line will realign its fleet deployment and launch new services, effective November 2011. Two new service loops will replace the existing Japan- Taiwan - South China Sea (JTS) service. The new South China Sea - Hong Kong (SCH) loop will serve the southern leg of JTS service while the northern leg will be covered by the carrier's existing service network
Asian shipping lines including Japan's Kawasaki Kisen Kaisha and China Shipping Container Lines have voluntarily lowered shipping surcharges, the country's top economic planner said on Monday. The statement by the National Development and Reform Commission (NDRC) comes after China's cabinet last month said it was probing shipping firms over allegations that they have been levying arbitrary and excessive charges.
South Korea's largest shipping line Hanjin Shipping has sold its entire 21.3% stake in Tan Cang Cai Mep International Terminal (TCIT) in Vietnam to its affiliate in order to secure liquidity. The financially-troubled shipping line will raise about $33m from the sale. The move came after the government and creditors, led by state-run Korea Development Bank, pushed Cho Yang-ho, the chairman of Hanjin Group
The U.S. Federal Maritime Commission (FMC) issued an Order with regard to various petitions and requests filed by Hai Hua Shipping Co., Ltd. (HASCO). The company was served with an Order to Show Cause as part of an investigation into whether it is an ocean common carrier under the Shipping Act of 1984. The company's petition to file a reply to the Bureau of Enforcement response was granted. The company's petition for a limited hearing of an FMC employee was denied
The Federal Maritime Commission (FMC) issued a notice stating that it has served an Order of Investigation and Hearing, a Request for Additional Information, and an Order to Show Cause on Shanghai Hai Hua Shipping Company and Sinotrans Container Lines Co. Ltd. The two companies filed a cross space charter and sailing agreement, but there are indications that the former company does not currently operate vessels in the trade for which it has published a tariff
Listed are vessel sales for October 2013 as prepared by Shipping Intelligence, Inc., New York. Reported – Vessel Name – DWT – Built(Age) – Price in millions USD Bulk Carriers 10/23/13 - POLYGO 2 - 6,850 - 89(24) - $1 10/23/13 - AFRICAN ORCHID - 18,286 - 98(15) - $5 10/11/13 - PACIFIC LEADER - 27,865 - 97(16) - $7.9 10/23/13 - PACIFIC BULKER - 27,865 - 97(16) - $8 10/23/13 - TREMONIA - 28,083 - 01(12) - $7.8 10/01/13 - BENETE BAY - 28,342 - 08(5) - $17
The Tin Hau Festival at Tai Miu Wan will be celebrated this year on 22 April 2014. Coxswains, owners and operators of local vessels are advised that arrangements for embarkation and disembarkation will only be made at the western side of the main pier of Tai Miu Wan, whereas the eastern side of the main pier will be used by licensed ferries. A ferry service between North Point Ferry Pier and the Tai Miu Wan pier will be operated on 21 April and 22 April 2014
Vietnam has called for an international tribunal in The Hague to deliver a "fair and objective" ruling in an arbitration case lodged by the Philippines that challenges China's expansive claims in the South China Sea. In a carefully worded statement two days after the court announced
Vietnam welcomed a ruling by an international arbitration court concerning the South China Sea on Tuesday, saying it strongly supports peaceful resolution of disputes, while reasserting its own sovereignty claims. "Vietnam welcomes the arbitration court issuing its final ruling
China's COSCO Shipping , owner of the world's fourth largest container fleet, took a 51 percent stake in Greece's largest port on Wednesday. The sale of Piraeus Port had been suspended by the leftist-led government when it won elections in January 2015 but talks resumed after Greece agreed an
Container industry revenues are contracting faster than carriers can cut costs. First-half results so far suggest sales are down by around 18%, increasing the pressure to reduce costs. The container shipping industry is currently enduring a severe revenue contraction that is placing carriers
Vietnam's coast guard has seized a Chinese vessel for intruding into its territorial waters, say local media. The ship, carrying more than 100,000 litres of fuel, was stopped near the northern maritime border last week.
Vietnam demanded China move a controversial oil rig on Thursday and abandon plans to start drilling in waters where jurisdiction is unclear, the latest sign of festering unease among the two communist neighbours. The $1 billion rig, which was at the centre of a fierce diplomatic stand-off
The Taiwanese carrier Wan Hai takes the plaudits with carriers' operating profit margins according to Alphaliner’s survey of the 16 main carriers that published full year financial results for 2015. The report shows that, Wan Hai is the most profitable container line
The Maritime and Port Authority of Singapore (MPA) has started the construction of a new container terminal at the western end of the island to replace existing container port facilities and consolidate operations for the long term.
Leading global ocean transport operator, serving the breakbulk, heavy lift and project cargo industry AAL is set to strengthen its growing presence in the China region, with the appointment of specialist project and steel cargo freight forwarder Central Oceans
Afai Southern Shipyard (Panyu Guangzhou) Ltd. and CoCo Yachts B.V. announced that the second of the two new fast ferries, Hai Jing, was delivered to Zhuhai High Speed Ferry Company on April 22, 2016. During the sea trials a top speed of 38 knots at full load was measured.
On 8 May 16, the ReCAAP ISC received information from the shipping company about the loss of communications with product tanker, Hai Soon 12. Hai Soon 12 , carrying 4,000 metric tons of Marine Gas Oil (MGO), departed Singapore for the Southern Ocean to conduct high seas
The ReCAAP Information Sharing Centre (ReCAPP) May 2016 report says that only eight incidents of piracy and armed robbery against ships were reported in Asia for the month, down 65 percent from May last year. Between January and May 2016
Taiwan’s shipping company Wan Hai Lines has placed an order for eight 1,900 teu box ships worth a total of $212 million - $236 million. Wan Hai said that the vessels will be built by shipbuilder Naikai Zosen Corp.
Ocean carriers achieved a six-month high for liner service reliability in May, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors. The on-time average of 76.0% for the 10 trades covered was a 4
According to the latest Carrier Performance Insight, produced by Drewry Supply Chain Advisors, the most reliable carrier in May was Orient Overseas Container Line (OOCL), which had an on-time reliability average of 81.1%, closely followed by niche carrier Wan Hai at 81.01%.