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Cma Cgm The Only Shipping Line Calling Buchanan Port In Liberia CMA CGM: The Only Shipping Line Calling Buchanan Port In Liberia
The CMA CGM Group has announced the addition, on its PC north service, a new direct call in Buchanan (Liberia), located 100km south of Monrovia, thus expanding its service opportunities in Africa and becoming the only shipping line calling Buchanan in 20 years. This new call primarily responds...
P3 Alliance Scrutiny Spreads To Korea P3 Alliance Scrutiny Spreads To Korea
The Fair Trade Commission said it has obtained the corporate merger application for P3 Network from Danish shipping company Maersk Line and is evaluating whether the shipping alliance could hamper the competition of Korean companies. P3 is a joint corporation being sought by the world's largest...
Cosco Ordering New Ships COSCO Ordering New Ships
COSCO Group said it held a ceremony in Ocean Plaza Dec. 30 for the signing of a shipbuilding contract with China State Shipbuilding Corporation (CSSC) for four 64,000 DWT dry bulk vessels. An announcement by the company to the Hong Kong Stock Exchange said it will pay $108 million or $27...
Maersk Is Still Confident That P3 Will Gain Regulatory Approval Maersk Is Still Confident That P3 Will Gain Regulatory Approval
DENMARK's Maersk Line says it remains confident that its proposed P3 vessel sharing alliance with Mediterranean Shipping Co. and CMA CGM will gain the necessary approval and that it will launch in the summer as originally planned after US, European and Chinese regulators met in Washington, D.C....
Lines Levy Asia South America Rate Hikes Lines Levy Asia-South America Rate Hikes
General rate increases on the Asia-South America trade continue to roll in with Zim and Hamburg-Sud joining the bevy of levying lines. Zim has called for GRI of US$650 per TEU and $1,300 per FEU for the Asia-East coast South America trade from January 1, with Hamburg-Sud announcing two rate...
Hyundai Adds Six Vessels To Asia Us Route Hyundai Adds Six Vessels To Asia-US Route
South Korea's Hyundai Merchant Marines said it plans to deploy six large container vessels on its Asia-US East Coast route. The company said it signed a charter contract with London-based Zodiac Maritime Agencies to lease the 10,000 TEU ships, Maeil Business Newspaper reported. Hyundai said the...
Maersk Remains Confident About P3 Approval Maersk Remains Confident About P3 Approval
Maersk Line said it still remains confident of securing approval for the P3 alliance and meeting the summer launch target following this week s meeting of U.S., European and Chinese regulators in Washington,D.C., to discuss its planned partnership with Mediterranean Shipping Co. and CMA CGM....
Ocean Carrier Rate Revision Roundup For Dec 16 Ocean Carrier Rate Revision Roundup For Dec. 16
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in December and January. Trans-Pacific Cosco Container Lines plans to raise rates on shipments from the Far East and Indian subcontinent to the U.S.: Starting Dec. 20,...
Freight Rates Up 60 Percent On Asia Europe Freight Rates Up 60 Percent On Asia-Europe
Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose 60.7 percent to US$1,586 per TEU last week, a source with access to data from the Shanghai Containerized Freight Index told Reuters. Friday's freight rate rise follows five straight weeks of declines,...
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