OOCL announces north Pacific sailing cancellation for October

HONG KONG's Orient Overseas Container Line (OOCL) has announced the cancellation of transpacific sailing in anticipation of low demand in October.

'K' Line's China, India, Pakistan loops, PMX August 28 - PIX September 8

KAWASAKI Kisen Kaisha ("K" Line) has announced new China-India-Pakistan loops, the PMX (SWACO-K1) on August 28 and the PIX (SWACO-K2) on September 8. 

Cosco Shipping Ports, ex-Cosco Pacific, H1 profit falls 8pc to US$171.9 million

COSCO Shipping Ports, formerly Cosco Pacific, has reported an eight per cent decline in first half net profit to US$171.9 million drawn on revenues of $275 million, down 0.6 per cent year on year.

New container prices fall to record lows on cheap steel and weak demand

SHIPPING container costs continue to fall as cheap steel and weakening demand drives prices ever lower, says London's Drewry Maritime Research.

OOCL to cancel transpacific and Asia-Europe sailings in October

HONG KONG's Orient Overseas Container Line (OOCL) has announced the cancellation of transpacific and Asia-Europe sailings in anticipation of low demand in October.

17,859-TEU CMA CGM Vasco Da Gama runs aground off Southampton

ONE of the world's biggest containerships - the 17,859-TEU CMA CGM Vasco Da Gama - has now been inspected for damage after it ran aground off Southampton.

Asia-Europe rate war's end boosts spot market, but fails to lift contracts

ASIA-EUROPE rate war is over, and the spot market is bound to improve though little can be expected on long term contract rates,

Tauranga's profit drops 2.4pc to US$56 million, but box volume up 12pc

NEW ZEALAND's Port of Tauranga saw its annual net profit fall 2.4 per cent year on year to NZ$77.3 million (US$56.24 million) drawn on revenues of NZ$245.5 million, down 8.5 per cent.




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