mai hien

Cosco Shipping leads list of weak Chinese performers
Monday, 23 April 2012 01:25
coscoCombined first-quarter net profit of China's largest non-financial state-owned enterprises dropped 13.6% from a year ago to 181.4 billion yuan (US$28.78bil), a state-owned asset watchdog said yesterday, reflecting a slowing economy.
The weak reading was expected after firms like China Cosco Shipping reported a 98.48% fall in profits in the first quarter after a record full-year loss in 2011.
China's economic growth dropped to 8.1% in the first quarter of 2012, the weakest reading since the global financial crisis of 2008-09.
Hapag-Lloyd to Raise East Asia Rates
Thursday, 19 April 2012 01:38
happag lloydWe would like to inform you that Hapag-Lloyd will increase the rates in the trade from India (Zone 1) to North Europe and the Mediterranean by: USD 100 per TEU effective May 15, 2012.
Applicable for all shipments from India (Zone 1) to all North Europe and Mediterranean (excluding South and West Africa) destinations.
India Zone 1 comprises the West Coast ports of India (Nhava Sheva, Mundra, Delhi) and all inland container depot (ICD) locations moving via the ports of Nhava Sheva and Mundra.
MISC hastens exit from liner trade
Thursday, 19 April 2012 01:32
miscMalaysian shipowner MISC has hastened its exit from the container shipping trade as it sold its last two containerships in operation and is terminating its domestic East Malaysia services.
MISC's last two ships in operations, the 836 teu Bunga Mas Sembilan and Bunga Mas Sepuluh, are ending their Port Klang-East Malaysia runs this month.
All of the company's container shipping services will thus be terminated, two months ahead of its original schedule to cease liner operations by the end of June 2012.
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