Freight rate price war not an option: Maersk CEO

Published : 2:14 am  September 17, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  365 views  |  

Maersk plans to hike freight rates: CEO Company needs to cover costs on lower volume Maersk looks to maintain market share, not boost it MADISON, NEW JERSEY (Reuters): US and European debt crises are paralysing consumer demand for goods exported from China and putting downward pressure on some shipping rates, said Nils Andersen, chief executive of Danish shipping and oil group A.P. Moller-Maersk. The shipping industry has a history of cutting rates to gain market share during hard times. But Maersk is not taking that route today, partly because its rates are not covering costs on the Asia-to-Europe traffic, Andersen said in an interview late Thursday at Maersk Line’s US headquarters. Andersen... 


Hapag-Lloyd holds naming ceremony for 13,200 TEU flagship Hamburg Express

Published : 2:13 am  September 17, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  356 views  |  

First in a new class and first of 10 newbuilds; Ship sets standards in environmental protection and efficiency Hapag-Lloyd recently held a naming ceremony for the Hamburg Express, the first of 10 new vessels in its new 13,200 TEU class. Cornelia Behrendt, wife of Michael Behrendt, Chairman of the Executive Board of Hapag-Lloyd, performed the ceremony for what is now the largest ship in the Hapag-Lloyd fleet. The naming ceremony took place at the Container Terminal Altenwerder (CTA) in Hamburg, where the new ship will call regularly in future.  Read More →


Hapag effects rate recovery program – Japan to Indian Subcontinent

Published : 2:12 am  September 17, 2012  |  Category: Shipping / Aviation  |  1 Comment  |  220 views  |  

Hapag-Lloyd will increase rates for all cargoes and all container types from Japan to the Indian Subcontinent by US$ 250 per TEU with effect from 1 October 2012  Read More →


Hapag in SCE Combo Service 2012 – Trans-Pacific Trade

Published : 2:11 am  September 17, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  288 views  |  

Hapag-Lloyd said it will implement a Winter Program for the SCE and SCE2 services.      SCE/SCE2 will be consolidated into a ‘SCE Combo’ sling with the following rotation:  Read More →


Orient Express Lines celebrates 20 years in grand style

Published : 2:10 am  September 17, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  547 views  |  

Feeder operator Orient Express Lines celebrated its 20th anniversary after commencing operations in Sri Lanka in grand style by hosting its stakeholders on the Jetliner on 14 September. OEL, which commenced feeder operations in Sri Lanka in 1992, has been continuously serving Sri Lanka uninterrupted thereafter.  Read More →


G6 Alliance implements Asia-Europe winter program

Published : 2:09 am  September 17, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  275 views  |  

In preparation for the vessel maintenance schedule in the Winter and consideration of the forecasted lack of improvements in the market environment in the Asia-Europe trade, the members of the G6 Alliance have decided to temporarily suspend their Loop 3 service between the Far East and Europe until further notice.      Read More →


CKYH-the Green Alliance Winter service adjustment on Asia-North Europe service

Published : 2:08 am  September 17, 2012  |  Category: Shipping / Aviation  |  1 Comment  |  198 views  |  

CKYH-the Green Alliance, COSCON, “K” Line, Yang Ming and Hanjin Shipping, is to implement Winter service adjustment to Asia-North Europe services from the middle of October 2012.  Read More →


After Colombo, CMHI acquires 50% stake in container terminal in Togo, West Africa

Published : 2:08 am  September 17, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  899 views  |  

China Merchants Holdings (International) Company Limited (CMHI), which is setting up a $ 500 million container terminal in Colombo, has completed the acquisition of a 50% interest in Thesar Maritime Limited (TML). TML owns a 35-year concession right, extendable for another 10 years, to develop and operate the Lomé Container Terminal (LCT) , which upon full completion will be a 4-berth terminal located on a quayline of 1,050 metres and a yard area of 53 hectares, according to the Concession Agreement granted by the Togolese Government in December 2011. The planned maximum annual capacity of LCT is 2.2 million TEUs.  Read More →


IAA looks at capacity expansion

Published : 2:06 am  September 17, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  713 views  |  

 Currently discussing new courses with local and international universities By Cheranka Mendis The training arm of SriLankan Airlines, International Aviation Academy (IAA), is on an aggressive expansion plan, launching its services overseas while concentrating on capacity development and local youth engagement to the industry. IAA, which provides International Airline Training Association (IATA) accredited courses to those in the industry as well as those wish to join, was recently recognised as one of IATA’s top 10 authorised training centres in South Asia.  Read More →


SriLankan Cargo Centre on course for record-breaking year

Published : 2:05 am  September 17, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  476 views  |  

SriLankan Cargo has taken a firm step towards positioning the Bandaranaike International Airport (BIA) as a regional hub for air freight, by handling the highest-ever volumes of both total cargo and transshipment cargo in a single month. SriLankan’s Worldwide Cargo Operations Senior Manager Janaka Munasinghe said: “The BIA Cargo Centre is on course for a record breaking year, if volumes continue as we expect them to. Our projections are that we will handle over 180,000 metric tons in 2012, which would surpass the existing record.”  Read More →


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