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08/03/2010 Shanghai cargo traffic grows 25.4pc in January SHANGHAI achieved a year-on-year increase of 25.4 per cent in its cargo traffic to 73.1 million tonnes, Logistics Week reported. Rail ... Full story >> 08/03/2010 China's January box trade recovers to pre-slump level STATISTICS from the Chinese Ministry of Transportation showed that the country's container throughput experienced a substantial year-on-year growth of... Full story >> 08/03/2010 MSC to receive the 14,000-TEU Savona on charter hire MEDITERRANEAN Shipping Company (MSC) is preparing to take in the MSC Savona, the sixth containership to be built as part of 26 vessel programme, with ... Full story >> 01/03/2010 CMA CGM hikes Europe, Asia, Mideast, Oz rates, adds surcharges FRENCH shipping giant CMA CGM has announced increased rates on major trade lanes starting March 1, plus adding a peak season surcharge from north Euro... Full story >> 26/02/2010 'K' Line to raise fresh capital through share sale JAPANESE shipping company "K" Line has announced plans to sell 126.5 million shares of common stock - 17 per cent of the company - to raise JPY34.6 bi... Full story >> 26/02/2010 Asia-Europe trade records near full vessel utilisation in December. It was feared that the deluge of incoming tonnage, which exacerbated the impact of the financial recession on shipping lines, would be hard to regulat... Full story >> 26/02/2010 Maersk Line's AE10 Asia-Europe service calls at Hamburg DENMARK's mighty Maersk Line has added a port of call in Hamburg to its AE10 service that connects the ports of Shenzhen-Dachan Bay, Ningbo, Shanghai,... Full story >> 18/02/2010 Asia-Europe container rise in December signals upturn, says ELAA ASIA-EUROPE container volumes grew nearly 10 per cent in December year on year, the biggest monthly increase in 2009, reports the European Liner Affai... Full story >> 16/02/2010 January China exports soar raising hopes of global recovery CHINA's exports rose by 21 per cent in January compared to the same month a year earlier, while imports soared by 85.5 per cent on the back of a very ... Full story >> 16/02/2010 EC alleges six forwarding giants were price fixing EU EXECUTIVE arm, the European Commission, has issued six freight forwarding giants "Statements of Objection" which amount to a preliminary charges of... Full story >> 16/02/2010 CSAV follows Wan Hai, PIL in re-entering Asia-Europe trade HONG KONG-based CSAV Norasia has revealed that it's getting back into Asia-Med trade with a 10-ship loop called the Mare Nostrum service, connecting C... Full story >> 10/02/2010 Maersk expected to have bullish year: Danish analysts DANISH carrier Maersk consolidation of services and shoring up its fleet have led the Danish financial house Dankse Market Equities to report a "bull ... Full story >> 10/02/2010 High rates prompt Wan Hai, PIL to return to Asia-Europe trade TAIWAN's Wan Hai lines and Singapore's PIL are said to be close to re-entering the Asia/Europe trade, according to a report in London's Containerisati... Full story >> 10/02/2010 Zim raises westbound Asia to Europe rates US$350/TEU ISRAELI flag carrier Zim has announced that it will increase rates US$350 per TEU from Asia to northern European and to western Mediterranean and $300... Full story >> 08/02/2010 COSCO increases Asia/Europe rates COSCO Container Lines has just announced General Rate Increases (GRI) for the westbound Asia/North Europe and Asia/Med trades The GRI i... Full story >> 08/02/2010 Hanjin Shipping has reported a net loss of US$1.1bn for 2009, following a profit of $323m the previo The South Korean carrier’s operating profit slumped to a loss of $738m, compared with a 2008 profit of $329m, and revenues were down from $8.5bn to $5... Full story >> 08/02/2010 Counting the cost of equipment control. One of the most overlooked, but highly important sectors of the container shipping industry is equipment control. Having containers in the wrong plac... Full story >> 04/02/2010 Container shipping market looks up in 2010 THE prospects for the container shipping market are looking much better than 12 months ago, as both volumes and rates have been rising recently and th... Full story >> 04/02/2010 CMA CGM gets US$80 million bailout tranche from lenders MARSEILLE's CMA CGM had received an US$80 million cash injection from its lenders, the first tranche of payments to restructure the company's $5.6 bil... Full story >> 04/02/2010 PR New Service reports that around two thirds of Asia/Europe services are now 'slow steaming'. According to PR News Service ComPort data, around two thirds of the Asia/North Europe and Asia/Mediterranean services are presently deploying an extra... Full story >> 04/02/2010 Chinese troops man Hong Kong ships, expand anti-pirate role CHINESE troops are manning Hong Kong, mainland, and possibly Taiwanese, ships transiting the Gulf of Aden as Beijing prepares to assume the leading ro... Full story >> 01/02/2010 'K' Line takes US$573.9 million loss in 9 months, sales off 71pc JAPAN's Kawasaki Kisen Kaisha ("K" Line) suffered a loss of JPY61.9 billion (US$573.9 million) in the nine months ending December 31, plunging from la... Full story >> 01/02/2010 Drewry examines carriers' financial health LONDON's Drewry Shipping Consultants has started publishing a new product "Freight Shipper Insight" that examines the financial position of 25 major c... Full story >> 01/02/2010 EU questions competitive probity of Hapag-Lloyd loan guarantees EUROPEAN UNION regulators say the loan guarantee bailout to help troubled Hapag Lloyd container shipping line, is not appropriate state aid under EU r... Full story >> 28/01/2010 Rates make rapid recovery on January demand surge THE rate of freight rate recovery has been far faster than anticipated because of a surge in demand in January and a shortage of boxes where they are ... Full story >> 28/01/2010 French dockers threaten strikes at major ports in February FRENCH dockers are threatening strikes from the middle of February if the government fails to live up to alleged promises to create up to 30,000 jobs ... Full story >> 28/01/2010 Wan Hai and PIL set for Asia/Europe service relaunch Wan Hai Lines and Pacific International Lines (PIL) are set to relaunch their own Asia/North Europe service from late April, early May, PR News Servic... Full story >> 28/01/2010 Fresh tonnage launched in January including two megaships BOX ship deliveries in the container shipping sector have been continuing this month, with Hapag-Lloyd receiving the 8,750-TEU Vienna Express from shi... Full story >> 28/01/2010 HK shipowners join appeal for full naval action against pirates THE Hong Kong Shipowners Association (HKSA) and International Chamber of Shipping (ICS), a London-based merchant shipping trade association, have issu... Full story >> 22/01/2010 Drewry forecasts 15pc rate rise in 2010 on tighter space AVERAGE global container freight rates rose in late 2009 compared to the previous year and for the first time since mid-2008, notes a report by London... Full story >> 21/01/2010 MSC to levy US$100/TEU Asia-Europe 'peak season' charge in February GENEVA's Mediterranean Shipping Co (MSC) had informed the trade that it will levy a "short-term peak season surcharge" of US$100 per TEU February 1-20... Full story >> 20/01/2010 Piracy at six year high, naval forces said to be vital GLOBAL piracy reached a six year high with the level of violence towards the crew increasing to 406 incidents, said an annual report from the ICC Inte... Full story >> 20/01/2010 Coscon levies wide range of rate hikes from Asia COSCO Container Lines has announced a series of rate increases on its Asia trade routes that came into effect both this month and last in a bid to mai... Full story >> 20/01/2010 Carriers turn to extra slow steaming as bunker fuel hits US$500 Rising fuel costs have placed slow steaming squarely back into the limelight and driven carriers to a new level in slow steaming. Risi... Full story >> 14/01/2010 Chinese manufacturing statistics reveal surge, brighter 2010 CHINA's Purchasing Manager's Index (PMI) from the China Federation of Logistics and Purchasing, increased to 56.6 from 55.2 the previous month in the ... Full story >> 13/01/2010 'K' Line to restructure box shipping in 2010 to survive JAPANESE shipping company "K" Line is forecasting an ordinary loss of JPY71 billion (US$766.24 million) and net deficit of JPY79 billion for f... Full story >> 11/01/2010 Idle fleet worldwide rises to 1.51 million TEU THE idle containership fleet worldwide has risen to 1.51 million TEU, accounting for 11.6 per cent of the total global box fleet, as of January 4, up ... Full story >> 07/01/2010 DP World takes over outstanding elements of London Gateway DP WORLD has purchased another 400 hectares and Shell's remaining interest in the London Gateway container terminal and logistics park for US$220 mill... Full story >> 07/01/2010 Maersk commissions own warship to confront Somali pirates AP MOLLER-MAERSK has commissioned a private warship from a Danish security firm operating from Tanzania to prevent its vessels being attacked by pirat... Full story >> 05/01/2010 A record 370,000 TEU of ship capacity scrapped in 2009 A TOTAL of 370,000 TEU of containership capacity has been scrapped in 2009, an amount equal to the total cumulative capacity scrapped over the past de... Full story >> 31/12/2009 Somali pirates free PIL 1,550-TEU ship for US$4 million SOMALI pirates have freed Pacific International Lines (PIL) 1,150-TEU Kota Wajar, a Singapore-flagged containership after 10 weeks in captivity for US... Full story >> 31/12/2009 Chinese ports see container volume grow 4.2pc in November CONTAINER throughput of major ports in China increased 4.2 per cent year on year in November, slightly up over October and only a small decrease compa... Full story >> 31/12/2009 Dockers to strike Le Havre January 4, Marseilles January 11 FRENCH dockers are planning two strikes at Le Havre on Thursday January 4 and at Marseilles on Thursday January 11 in their continuing resistance to t... Full story >> 31/12/2009 Top 22 container lines lose US$11 billion Jan-Sept SIXTEEN of the top 22 container shipping lines that have posted third quarter results have collectively suffered an operating loss of US$9 billion dur... Full story >> 21/12/2009 CMA CGM saved by US$500 million after ministry, bank talks TROUBLED French shipping giant CMA CGM, the world's third largest container carrier, has signed an agreement with creditor banks on restructuring afte... Full story >> 17/12/2009 Evergreen, Maersk deploy 'slow steaming' to two more services EVERGREEN Line is to extend the time it takes for its China Europe service to complete one round trip by seven days - from nine to 10 weeks. In addi... Full story >> 17/12/2009 Hapag-Lloyd loses US$981 million in first nine months GERMANY's Hapag-Lloyd, the world's sixth container shipping line, lost EUR675 million (US$981 million) in the first nine months compared to year-on-ye... Full story >> 08/12/2009 Borough council hopes to build London Gateway that DP World dropped THURROCK borough council outside of London hopes to use public funds to develop the London Gateway container terminal on the Thames, a project DP Worl... Full story >> 03/12/2009 China foreign trade value fell 19.9pc in first 10 months CHINA's import and export value totalled US$1.76 trillion, down 19.9 per cent from January to October compared with the same period last year, reporte... Full story >> 03/12/2009 France to rescue CMA CGM using state investment funds FRANCE's state investment arm, Fonds Strategique d'Investissement (FSI), has announced it is prepared to invest in the troubled Marseilles-based CMA C... Full story >>