MSC took delivery of its 43rd ship above 11,500 TEU capacity earlier this month in a bid to realise its goal of operating a full fleet of 11,500- to 14,000-TEU vessels on all four of its Far East-Europe/Mediterranean strings by the end of March, reports …
DANAOS Corporation, an international owner of containerships, has received and already chartered out its largest vessel so far, the 13,100-TEU Hyundai Together. The mega ship built by Hyundai Samho Heavy Industries is 366 metres long, 48.2 metres wide and has a speed of 24.70 knots. …
Feb 23: Crude oil prices gained 3 cents to USD106.28 per barrel. Source: STARBIZ
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 …
Feb 22: Crude oil prices jumped USD2.60 to USD105.84 per barrel. Source: STARBIZ
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 …
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 …
Iran stops exporting oil to uk based companies. Crude oil rises to 9 months high amidst increased tension Iran tension.
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 …