Container shipping may get costlier
The spot rate for container shipping on the Asia-Europe route is likely to rise to US$2000 per TEU in two months as carriers plan to take out more capacity following the Chinese New Year due from the middle of this month, the Hindu Business Line reported.
The present rate is $1763 per [...]
MOT had this up only in Malay language apparently. Some key points have been translated and i’ve translated some in bracket below - to my best knowledge of Bahasa Malaysia. For more info, try +603 88866412.
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Kementerian Pengangkutan melaksanakan larangan ke atas kenderaan barangan menggunakan jalan raya semasa cuti perayaan Tahun Baru Cina 2010 [...]
It is reported that container lines have withdrawn more ships from service over the past week as trade conditions stay slack during the seasonal winter slowdown.
Latest figures from Lloyd’s Marine Intelligence Unit show that 663 box ships with combined capacity of 1.32 million TEU are currently inactive. This compares with 641 idled vessels of 1.27 [...]
To all returning readers, thanks for the support all this while. You’ll see much lesser updates in this blog for the next few weeks or so (in fact, since the past few weeks) - got a quite caught up really (hey i need a job to take care of my bills too ok?).
But do come [...]
To all returning readers, thanks for the support all this while. You’ll see much lesser updates in this blog for the next few weeks or so (in fact, since the past few weeks) - got a quite caught up really (hey i need a job to take care of my bills too ok?).
But do come [...]
Stumbled upon this article while praying for Fulham to hold Chelsea last night. It’s written by Sharidan M. Ali and expect to see a more positive shipping industry in the coming 2010. This is in line with other reports seen lately of the shipping industry outlook for 2010. Billion ringgit question if you ask me [...]
Customs officials in Riau Islands have foiled an attempt to smuggle 75 tons of pure ammonium nitrate, which could be used for improvised explosive devices, on a ship from Malaysia bound for Selayar Island in South Sulawesi.
Riau Islands Customs and Excise Office head Nasar Salim said Friday that the wooden ship was intercepted by a [...]
Found this press release from PKA’s website while surfing. this release wasn’t dated but must have been dated some time in end Aug / Sep as Kee was appointed on July 6th 2009.
You can download the PDF here.
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PRESS RELEASE
PKA REFOCUSES ON ITS CORE BUSINESS AND ANNOUNCES STRATEGIES FOR
GROWTH AND IMPROVED SERVICES.
Being at the [...]
By Kang Siew Li
The global container shipping market will remain tough next year and is unlikely to see a return to healthier sustained revenue and volume growth until at least 2011, shipping analysts say. Many analysts are predicting minimum growth next year at best.
“This year will be the worst-ever year for the market with no growth. [...]
