mai hien

PIL takes delivery of two new 11,800 teu ships
Wednesday, 22 November 2017 02:47

Pacific International Lines (PIL) has taken delivery of another two of its series of 11,800 teu newbuildings which will be deployed on the Far East-US ACS service.

The Kota Pahlawan and the Kota Panjang are part of the series of 12 ordered from Yangzijiang Shipbuilding.

Port Rotation for the service will be: Xiamen – Nansha – Hong Kong – Yantian – Long Beach – Xiamen

The vessels are each fitted with 1,400 reefer plugs that can accommodate up to a maximum of 2,800 teu of refrigerated containers onboard. They also feature an energy efficient design with an Energy Efficiency Design Index (EEDI) well below the required reference level.

“PIL looks forward to taking delivery of its other vessels and is confident that the high quality standards set by these two vessels will continue to be upheld,” the company said in a press release.

The vessels are by far the largest ever owned by PIL.

CMA CGM ups Asia rates to Europe, Africa, South America November 15.
Monday, 20 November 2017 01:39

FRENCH shipping giant CMA CGM has announced a new set of rate increases from Asia to north Europe, North Africa, east coast South America to be implemented November 15.

To North Europe, the rate will be US$950 per TEU, $1,800 per FEU and $1,850 per FEU high cube and FEU reefer.

New rates apply from November 15, the date of loading, but not before November 30, the company said.

CMA CGM FAK rates from Asia to North Africa trades are, to Algeria, US$1,700 per TEU, $3,300 per FEU and $3,375 per FEU high cube.

To Tunisia, they are $1,350 per TEU, $2,500 per FEU and $2,575 per FEU high cube.

To Libya, they are $1,350 per TEU, $2,500 per FEU and $2,575 per FEU high cube.

To Morocco, they are $1,250 per TEU, $2,300 per FEU and $2,375 per FEU high cube.

And from Asia to east coast South America, including north east Brazil, the rate will be $750 per TEU, $750 per FEU and $750 per FEU high cube.

"These rates include the basic freight. They are subject to the bunker related surcharges, the THC (origin and/or destination), the peak season charges and similar charges and the security related surcharges that are accessible at Other fees such as contingency charges and local charges may also apply.

NYK to become 100% owner of forwarder Yusen
Thursday, 16 November 2017 01:43

Japanese shipping and transport company NYK is to acquire the remaining 41% stake of its freight forwarding subsidiary, Yusen Logistics, from minority shareholders. The transaction is expected to be completed by late March, 2018.

In a statement, NYK said the move was part of its strategy to expand beyond its traditional shipping activity and exploit the Group’s technological capabilities.

NYK Group envisages establishing two main pillars of business, namely air and ocean freight forwarding, and contract logistics, to meet demands by its global customers for total logistics solutions.

It would deepen the collaboration of each business and strengthen sales capabilities, promote collaboration through the common use of information, technology and systems and increase investment by sharing NYK’s financial strength and creditworthiness.

On its website, a Yusen statement said: "Recently, since securing cargo space for air freight forwarding in Asia has become difficult due to factors such as increased passenger demand, preferential treatment of passengers by governments and downsizing of aircrafts, reliably securing cargo space has become important for ensuring future profitability.

"Furthermore, global logistics providers are actively consolidating through mergers and acquisitions to enhance profitability and competitiveness. Under the global operating environment, competition with the Company’s competitors is expected to intensify not only with respect to business conditions, market conditions and customer trends but also with respect to securing purchasing power and cargo space."

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