CMA CGM increases Asia-Red Sea rate by US$500/TEU from September 8

FRENCH shipping giant CMA CGM will levy a US$500 per TEU rate increase on all Asian cargo - except on shipments from Japan - to Red Sea ports starting September 8.

Kerry Logistics H1 profit up 1pc to US$70.6 million as revenues rise 6pc

HONG KONG's Kerry Logistics Network's first half net profit increased one per cent year on year to HK$548 million (US$70.6 million), drawn on revenues of HK$10.14 billion, up six per cent.

East and west Panama shipping lanes out of service for repairs till Friday

THE west lane of Miraflores Panama Canal locks will be out of commission until Friday while dry chamber seal repairs on done on the Miter gates 106-107, 114-115, 118-199 and 122-123.

Season's idle fleet numbers back up to more than one million TEU

THE idle containership fleet has grown back to more than one million 20 TEU after a brief dip in July, with rising unemployment impacting all vessel sizes, says Paris-based Alphaliner.

Ship's engineers plead guilty to dumping oily waste water into the sea

TWO d'Amico engineers face a maximum penalty of five years in prison and fines of up to US$250,000 after admitting before a US district judge in Newark that they concealed the discharge of oily waste into the sea. Sentencing is scheduled for November 21.

SITC first half profit flat as revenue slips 7.5pc on poor rates

INTRA-ASIA carrier and logistics firm SITC International Holdings posted a first half net profit decline of 0.01 per cent to US$71.31 million, drawn on revenues of $602.41 million, which fell 7.5 per cent year on year.

Yen's rise leads to 14pc slump in July Japanese exports

JAPAN's exports fell 14 per cent in July, the fastest rate since the global financial crisis, mainly due to the stronger yen coupled with the challenge of relatively weak global markets.

ICTSI asks Oz minister to speed Melbourne box terminal expansion approval

AUSTRALIA's state government of Victoria has been asked to tell the Port of Melbourne to hasten its approval of construction of new berths to handle expected 8,000-TEU ships, reports London's Loadstar.




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