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UASC takes delivery of 4th container vessel
Monday, 09 April 2012 02:09
uascUnited Arab Shipping Company (UASC) took delivery of its fourth 13,500 TEU container vessel, named “Al Ula”, at Samsung Heavy Industries’ (SHI) shipyard in Geoge, South Korea.
With an overall length of 366m, and powered by a Doosan MAN B&W main engine, the AL ULA can operate at a service speed of around 25 knots. The new ship has a capacity for 800 40ft reefer containers on deck and has three holds designed for hazardous cargoes.
CMA CGM upgrades its West Med – Morocco Service
Monday, 09 April 2012 01:28
cmaCMA CGM and its Moroccan subsidiary, COMANAV, are pleased to announce the upgrade of their West Med – Morocco service. 
As from April 11th 2012, CMA CGM and COMANAV will serve the West Med / Morocco trade through three separated loops dedicated to the following markets: Spain – Morocco, Italy – Morocco and France – Morocco. This upgrade will improve reliability, schedule integrity and Transit times. 
Loops will be organized as follows: 
MISC to see better rates
Monday, 09 April 2012 01:23
miscThe daily returns for very large crude carriers (VLCCs) in the benchmark Saudi Arabia-to-Asia route soared to a 13-month high of US$41,093 which was spurred by strong demands from China.
Apart from higher demand, some of the positive drivers were the return of the Libyan barrels. This has a positive impact on the Aframax and Suexmax markets. However. it built up tensions in Iran as oil was sourced elsewhere, thus lengthening voyages and adding cost savings to the tonne-mile balance.
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