SAILING cancellations, rather than service withdrawals, are likely to be favoured by carriers as they fear of losing market share from the massive Maersk, MSC and CMA CGM P3 alliance when it enters the Asia-Europe route in the first half of next year, says Drewry's Maritime Research.
American Worldwide Agencies will represent a new Austral Asia Line (AAL) service to the West Coast that will cater to the needs of the breakbulk, heavy-lift, dry bulk and project cargo shippers.
EMIRATES Shipping Line is to implement a general rate increase on its East Africa trade lane in line with market conditions from October 15.
MEMBER lines of the Asia Australia Discussion Agreement (AADA) will increase rates US$400 per TEU and $800 per FEU on all cargo from mainland China and Hong Kong to Australian ports from October 24.
THE 18,000-TEU Maersk Mc-Kinney Moller, one of the world's largest containerships, made its maiden call at Singapore, where it discharged 3,500 TEU on its way back from Europe.
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in October and November.
OOCL has entered into a vessel-sharing agreement with Zim Integrated Shipping Services on the Israeli carrier’s independent East Mediterranean Express (EMX) Service, effective this month.
THE 18,000-TEU Mary Maersk, which like its Triple E sisters, is among the largest ships in the world, recently made an inaugural call at the Port of Qingdao, reports Xinhua.
HONG KONG's Orient Overseas Container Line (OOCL) has announced it will levy a US$975 per TEU rate increase on cargo from the Far East (excluding Japan) to north Europe, the Mediterranean and the Black Sea from November 1.
TAIWAN's Evergreen Marine Corp and Germany's Hanjin Shipping are combining their Far East-California, CPS 2 and CAX, loops to create a joint CPS 2/CAX loop to serve the transpacific trade in the post-peak season.
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