HONG KONG's Orient Overseas Container Line (OOCL) has announced a rate restoration programme that will affect its services operating the Asia-Europe trades.
TERMINAL operator Cosco Shipping Ports (CSP) saw its overall throughput rise 4.1 per cent year on year in September to 8 million TEU led by the Bohai Rim region which handled 2.8 million TEU, representing an increase of 5.9 per cent.
TAIWAN's Evergreen Line is teaming up with Hong Kong's OOCL, MOL, "K" Line and YML to offer a new joint North East Asia-Australia Express (NEAX).
SEEKING attention from Japanese carriers, the Minister-President of the Government of Flanders, Geert Bourgeois, and his accompanying entourage called on the head office of shipping giant NYK.
MAERSK Line has announced a wide range of increases in freight rates on all its major trade lanes starting November 1.
A RECORD number of containerships have been scrapped this year as owners counter overcapacity and rock-bottom freight rates, reports London's Daily Telegraph.
FRENCH shipping giant CMA CGM announced that the US$155 per TEU and $265 per FEU terminal handling charge levied at Ghana's Tema and Takoradi ports on July 20 has been suspended.
CONTAINER Corporation of India (Concor) together with APM Terminals, John Keells Holdings and Maersk Line have established a consortium to bid for the contract to develop the projected US$550-600 million East Container Terminal at Colombo.