FRENCH shipping giant CMA CGM has announced a general rate restoration on freight all kinds from Asia to North African from November 1.
AUSTRALIA has sent a 200-strong trade delegation to Shanghai, China, including Queensland ministers, agricultural producers and exporters, on a week-long mission to build on the existing A$160 billion (US$122.09 billion) trade relationship between the two nations.
NEW YORK listed Monaco-based non-operating shipowner Costamare Inc posted a 40.6 per cent year-on-year third quarter net profit decline to US$20.67 million, drawn on revenues of $115.5 million, down 7.3 per cent.
TWO companies owned by Greek shipping magnate Evangelos Angelakos have been ordered by a Seattle court to pay US$1.5 million after a jury found that a bulkers dumped oil-polluted water into the sea, then repeatedly lied and falsified records to evade US Coast Guard inspectors.
MAERSK, which so far had refused to send its ships to the Alang ship breaking beaches in India due to strict Danish norms and eco-lobby pressure, has sent two ships to be scrapped there.
THE Sustainable Shipping Initiative (SSI), a corporate environmental lobby, set out what it wants to reduce Greenhouse Gas (GHG) emissions in shipping.
The Danish giant has confirmed nine mainline services with weekly departures on all major trade lanes to and from Dubai’s Jebel Ali Port with a direct feeder to Bandar Abbas.
SPOT rates for shipping containers from Asia to northern Europe increased 0.8 to US$761 per TEU in the week ending Friday, according to the Shanghai Containerised Freight Index (SCFI).