SHIPPING lines are concentrating their power to survive a downturn in trade that is causing losses, according to Parakrama Dissanayake, chairman of Aitken Spence Shipping, the transport arm of Colombo-based Aitken Spence Group. “The bottom line for shippers is that they will eventually have four …
COSCO and China Shipping Container Lines (CSCL) have announced their intention to strengthen their cooperation this year in a number of fields including shipping services and container management businesses. The two companies have decided to establish committee expressly charged with bringing about greater cooperation in …
It is reported that Malaysian local steel companies are expected to face a squeeze in their margins and earnings in the first half of 2012 due to the challenging outlook in the domestic and global front. According to market analysts, industry players would encounter weak …
SPOT rates fell on all major trades last week, less than two weeks shy of March 1, the date when a large number of rate increases have been proposed, including on the ailing Asia-Europe trade. According to the latest Shanghai Containerised Freight Index (SCFI), Asia-Europe …
THE global idle containership fleet increased to 286 ships with a total capacity of 750,900 TEU as of the end of January 2012, up 10-fold since June when it hit a low of 75,000 TEU, according to Paris-based Alphaliner. This was attributed to excessive growth …
DIANA Containerships Inc has taken delivery of two panamax containerships and, separately announced its draw down US$75.5 million from the revolving credit facility with the Royal Bank of Scotland. The Cap San Marco and Cap San Raphael were built in 2001 and 2002, respectively, each …
The Malaysian pharmaceutical industry is gaining global recognition with exports expected to grow eight per cent this year to RM610 million from RM564 million in 2011. Health Minister Datuk Seri Liow Tiong Lai said this at the launch of the PhAMA Industry Fact Book here …
IMPORT volumes into China fell 15.3 per cent in January year on year with exports also slipping 0.5 per cent with most blaming an earlier than usual Chinese New Year, but mostly on the weakness of European demand. Analysts cited by London’s Containerisation International say …
M/V TBAFLAG:ST.VICENT, CLASS:RINA,BUILT 1989Tweendecker,4H/4H,Dwt : 36,620 mt / 12.00 m SSW / TPC 45.55Grain / Bale Capacity (cbm)Grand Total : 43110.19 / 37679.77Crane:1x36ton,2x30tonADA,WOG Laycan:1-10/Mar,2012Loading port :Tianjin+Masan+ShanghaiDischarge port:Jeddah+Aqaba as mentioned in “Vessel opening – new feature!” post, please email to malaysiashipping.info admin if any interest / …
